25 Jun 2018 11:56
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: | Deutsche Bank AG 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: | Echostar Corporation |
(d) Date dealing undertaken: | 22/06/2018 |
(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" | Yes - Echostar Corporation |
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 GBP | Lowest price per unit paid/received GBP |
EUR 0.0005 ordinary | Purchase | 973,005 | 6.1000 | 5.4620 |
EUR 0.0005 ordinary | Sales | 724,501 | 6.0600 | 5.4680 |
(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 | SWAP | Long | 2 | 5.4795 GBP |
EUR 0.0005 ordinary | SWAP | Long | 6 | 5.4795 GBP |
EUR 0.0005 ordinary | SWAP | Long | 15 | 5.9294 GBP |
EUR 0.0005 ordinary | SWAP | Long | 16 | 6.0426 GBP |
EUR 0.0005 ordinary | SWAP | Long | 17 | 5.5006 GBP |
EUR 0.0005 ordinary | SWAP | Long | 17 | 5.5014 GBP |
EUR 0.0005 ordinary | SWAP | Long | 19 | 5.4801 GBP |
EUR 0.0005 ordinary | SWAP | Long | 20 | 5.4975 GBP |
EUR 0.0005 ordinary | SWAP | Long | 35 | 5.9791 GBP |
EUR 0.0005 ordinary | SWAP | Long | 42 | 5.5000 GBP |
EUR 0.0005 ordinary | SWAP | Long | 44 | 5.9986 GBP |
EUR 0.0005 ordinary | SWAP | Long | 45 | 5.5014 GBP |
EUR 0.0005 ordinary | SWAP | Long | 45 | 5.4975 GBP |
EUR 0.0005 ordinary | SWAP | Long | 47 | 5.4801 GBP |
EUR 0.0005 ordinary | SWAP | Long | 53 | 5.5111 GBP |
EUR 0.0005 ordinary | SWAP | Long | 56 | 5.7560 GBP |
EUR 0.0005 ordinary | SWAP | Long | 65 | 5.7560 GBP |
EUR 0.0005 ordinary | SWAP | Long | 89 | 6.0019 GBP |
EUR 0.0005 ordinary | SWAP | Long | 90 | 5.9347 GBP |
EUR 0.0005 ordinary | SWAP | Long | 123 | 5.5026 GBP |
EUR 0.0005 ordinary | SWAP | Long | 209 | 5.9078 GBP |
EUR 0.0005 ordinary | SWAP | Long | 212 | 6.0210 GBP |
EUR 0.0005 ordinary | SWAP | Long | 282 | 5.9808 GBP |
EUR 0.0005 ordinary | SWAP | Long | 512 | 5.9100 GBP |
EUR 0.0005 ordinary | SWAP | Long | 525 | 6.0210 GBP |
EUR 0.0005 ordinary | SWAP | Long | 581 | 6.0038 GBP |
EUR 0.0005 ordinary | SWAP | Long | 715 | 5.9986 GBP |
EUR 0.0005 ordinary | SWAP | Long | 836 | 5.9900 GBP |
EUR 0.0005 ordinary | SWAP | Long | 883 | 5.9987 GBP |
EUR 0.0005 ordinary | SWAP | Long | 1,856 | 5.9985 GBP |
EUR 0.0005 ordinary | SWAP | Long | 2,072 | 5.9898 GBP |
EUR 0.0005 ordinary | SWAP | Long | 2,086 | 6.0600 GBP |
EUR 0.0005 ordinary | SWAP | Long | 2,992 | 5.9993 GBP |
EUR 0.0005 ordinary | SWAP | Long | 10,447 | 7.9385 USD |
EUR 0.0005 ordinary | SWAP | Long | 10,721 | 5.9990 GBP |
EUR 0.0005 ordinary | SWAP | Long | 12,730 | 5.8323 GBP |
EUR 0.0005 ordinary | SWAP | Long | 88,308 | 5.9066 GBP |
EUR 0.0005 ordinary | SWAP | Short | 36 | 5.7560 GBP |
EUR 0.0005 ordinary | SWAP | Short | 85 | 5.7560 GBP |
EUR 0.0005 ordinary | SWAP | Short | 322 | 5.8374 GBP |
EUR 0.0005 ordinary | SWAP | Short | 2,552 | 5.8628 GBP |
EUR 0.0005 ordinary | SWAP | Short | 3,040 | 5.7480 GBP |
EUR 0.0005 ordinary | SWAP | Short | 5,977 | 5.8741 GBP |
EUR 0.0005 ordinary | SWAP | Short | 6,554 | 6.0600 GBP |
EUR 0.0005 ordinary | SWAP | Short | 7,206 | 5.7480 GBP |
EUR 0.0005 ordinary | SWAP | Short | 7,608 | 5.7984 GBP |
EUR 0.0005 ordinary | SWAP | Short | 11,688 | 5.9840 GBP |
EUR 0.0005 ordinary | SWAP | Short | 16,257 | 5.8695 GBP |
EUR 0.0005 ordinary | SWAP | Short | 16,300 | 5.8272 GBP |
EUR 0.0005 ordinary | SWAP | Short | 22,450 | 6.0222 GBP |
EUR 0.0005 ordinary | SWAP | Short | 26,481 | 5.9723 GBP |
EUR 0.0005 ordinary | SWAP | Short | 28,435 | 6.0600 GBP |
EUR 0.0005 ordinary | SWAP | Short | 31,796 | 5.9463 GBP |
EUR 0.0005 ordinary | SWAP | Short | 33,299 | 5.8252 GBP |
EUR 0.0005 ordinary | SWAP | Short | 38,944 | 5.8247 GBP |
EUR 0.0005 ordinary | SWAP | Short | 55,886 | 5.8680 GBP |
EUR 0.0005 ordinary | SWAP | Short | 63,138 | 5.9724 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: | 25/06/2018 |
| Contact name: | Jasim Baloch |
| Telephone number: | 0121 407 9093 |
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.