3 May 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: | J.P. Morgan Securities Plc |
(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: | Financial Advisor to Inmarsat plc |
(d) Date dealing undertaken: | 2 May 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" | N/A |
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 |
Ordinary Share
| Purchase
Sale | 5,675,526
4,245,832 | 5.4320 GBP
5.4320 GBP | 5.3300 GBP
5.3307 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 |
Ordinary Share | Equity Swap | Long
Short
| 31,553 8,259 222,074 4,469 3,040 1,129 100 13,510 30,879 15,475 2,558 322 26,009 13,887 500,000
151 15 398 2,252 3,961 28,874 25,222 538 167 403 19,062 475 92,041 50,305 1,000,000 9,067 400,000 2,164 4,474 1,195 16,505 153 1,759 721 231 74 300 19,999 1,966 558 80 248 765 452 25,099 29 429 688 2 1,952 137 30,310 1,959 10,742 10,742 16 | 5.3531 GBP 5.3558 GBP 5.3560 GBP 5.3591 GBP 5.3600 GBP 5.3610 GBP 5.3620 GBP 5.3624 GBP 5.3635 GBP 5.3651 GBP 5.3659 GBP 5.3670 GBP 5.3830 GBP 5.3847 GBP 6.9747 USD
5.3483 GBP 5.3545 GBP 5.3560 GBP 5.3565 GBP 5.3571 GBP 5.3573 GBP 5.3593 GBP 5.3600 GBP 5.3605 GBP 5.3606 GBP 5.3609 GBP 5.3610 GBP 5.3620 GBP 5.3624 GBP 5.3625 GBP 5.3633 GBP 5.3652 GBP 5.3655 GBP 5.3659 GBP 5.3662 GBP 5.3683 GBP 5.3692 GBP 5.3693 GBP 5.3712 GBP 5.3713 GBP 5.3718 GBP 5.3727 GBP 5.3731 GBP 5.3734 GBP 5.3785 GBP 5.3806 GBP 5.3808 GBP 5.3809 GBP 5.3823 GBP 5.3824 GBP 5.3851 GBP 5.3862 GBP 5.3877 GBP 5.3928 GBP 5.3939 GBP 5.3941 GBP 5.3962 GBP 5.4006 GBP 5.4050 GBP 5.4067 GBP 5.4326 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: | 3 May 2019 |
| Contact name: | Alwyn Basch |
| Telephone number: | 020 7742 7407 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
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.