4 Dec 2019 10:46
FORM 8.5 (EPT/RI)
PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
Rule 8.5 of the Takeover Code (the Code)
1. KEY INFORMATION
(a) Name of exempt principal trader: | UBS Investment Bank, London |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Inmarsat plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Offeror connected advisor to Apex Partners LLP, consortium member. Consortium comprising Apax Partners LLP, Warburg Pincus International LLC, Canada Pension Plan Investment Board and Ontario Teachers' Pension Plan Board |
(d) Date dealing undertaken: | 03 December 2019 |
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer? If it is a cash offer or possible cash offer, state "N/A" | No |
2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
The currency of all prices and other monetary amounts should be stated.
(a) Purchases and sales
Class of relevant security | Purchases/ sales
| Total number of securities | Highest price per unit paid/received | Lowest price per unit paid/received |
EUR 0.0005 ordinary | Buy
| 13506181 | 5.46000 GBP | 5.41000 GBP |
EUR 0.0005 ordinary | Sell
| 15191448 | 5.45954 GBP | 5.41500 GBP |
(b) Cash-settled derivative transactions
Class of relevant security | Product description e.g. CFD | Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position | Number of reference securities | Price per unit |
EUR 0.0005 ordinary | CFD
| Long | 30926 | 5.427285 GBP |
EUR 0.0005 ordinary | CFD
| Long | 1792 | 5.431914 GBP |
EUR 0.0005 ordinary | CFD
| Long | 10085 | 5.444 GBP |
EUR 0.0005 ordinary | CFD
| Long | 20006 | 5.44122913126062 GBP |
EUR 0.0005 ordinary | CFD
| Long | 1742158 | 5.411881 GBP |
EUR 0.0005 ordinary | CFD
| Long | 1659197 | 5.409198 GBP |
EUR 0.0005 ordinary | CFD
| Long | 7051588 | 5.401301 GBP |
EUR 0.0005 ordinary | CFD
| Long | 131 | 5.4277 GBP |
EUR 0.0005 ordinary | CFD
| Long | 111645 | 5.4244 GBP |
EUR 0.0005 ordinary | CFD
| Long | 4289239 | 5.402298 GBP |
EUR 0.0005 ordinary | CFD
| Long | 95 | 5.429579 GBP |
EUR 0.0005 ordinary | CFD
| Long | 1831 | 5.43125068268706 GBP |
EUR 0.0005 ordinary | CFD
| Short | 250000 | 5.4162478 GBP |
EUR 0.0005 ordinary | CFD
| Short | 7116 | 5.422368 GBP |
EUR 0.0005 ordinary | CFD
| Short | 500000 | 5.074448 GBP |
EUR 0.0005 ordinary | CFD
| Short | 500000 | 5.423035 GBP |
EUR 0.0005 ordinary | CFD
| Short | 500000 | 5.425733 GBP |
EUR 0.0005 ordinary | CFD
| Short | 581 | 5.44454388984509 GBP |
EUR 0.0005 ordinary | CFD
| Short | 7250000 | 5.405821 GBP |
EUR 0.0005 ordinary | CFD
| Short | 50000 | 7.045632 GBP |
EUR 0.0005 ordinary | CFD
| Short | 2641 | 5.444 GBP |
EUR 0.0005 ordinary | CFD
| Short | 382 | 5.441539 GBP |
EUR 0.0005 ordinary | CFD
| Short | 600000 | 5.412615 GBP |
EUR 0.0005 ordinary | CFD
| Short | 100000 | 5.40162 GBP |
EUR 0.0005 ordinary | CFD
| Short | 200000 | 5.401631 GBP |
EUR 0.0005 ordinary | CFD
| Short | 1075 | 5.448117 GBP |
EUR 0.0005 ordinary | CFD
| Short | 15173 | 5.4444 GBP |
EUR 0.0005 ordinary | CFD
| Short | 424 | 5.41799528301887 GBP |
EUR 0.0005 ordinary | CFD
| Short | 500000 | 5.42565 GBP |
EUR 0.0005 ordinary | CFD
| Short | 50000 | 5.400402 GBP |
EUR 0.0005 ordinary | CFD
| Short | 2651956 | 5.39995 GBP |
EUR 0.0005 ordinary | CFD
| Short | 388 | 5.41399484536082 GBP |
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
Class of relevant security | Product description e.g. call option | Writing, purchasing, selling, varying etc. | Number of securities to which option relates | Exercise price per unit | Type e.g. American, European etc. | Expiry date | Option money paid/ received per unit |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
|
(d) Other dealings (including subscribing for new securities)
Class of relevant security | Nature of dealing e.g. subscription, conversion | Details | Price per unit (if applicable) |
|
3. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none " |
None
|
(b) Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none" |
None |
| Date of disclosure: | 04 December 2019 |
| Contact name: | Wendy Dent |
| Telephone number: | +44 (0)207 568 1245 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.