23 Apr 2019 11:38
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: | 18 April 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
| 1858419 | 5.40900 GBP | 5.34200 GBP |
EUR 0.0005 ordinary | Sell
| 1612336 | 5.39800 GBP | 5.34200 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 | 126 | 5.366 GBP |
EUR 0.0005 ordinary | CFD
| Long | 7406 | 5.3669 GBP |
EUR 0.0005 ordinary | CFD
| Long | 1387 | 5.37 GBP |
EUR 0.0005 ordinary | CFD
| Long | 32887 | 5.363386 GBP |
EUR 0.0005 ordinary | CFD
| Long | 399 | 5.398 GBP |
EUR 0.0005 ordinary | CFD
| Short | 9786 | 5.36836398937257 GBP |
EUR 0.0005 ordinary | CFD
| Short | 7000 | 5.35864428571429 GBP |
EUR 0.0005 ordinary | CFD
| Short | 5850 | 5.38507863247863 GBP |
EUR 0.0005 ordinary | CFD
| Short | 1150 | 5.3884 GBP |
EUR 0.0005 ordinary | CFD
| Short | 2958 | 5.3644861392833 GBP |
EUR 0.0005 ordinary | CFD
| Short | 989 | 5.36006066734075 GBP |
EUR 0.0005 ordinary | CFD
| Short | 1053 | 5.35879392212726 GBP |
EUR 0.0005 ordinary | CFD
| Short | 6 | 5.3635 GBP |
EUR 0.0005 ordinary | CFD
| Short | 1387 | 5.36008 GBP |
EUR 0.0005 ordinary | CFD
| Short | 925 | 5.371548 GBP |
EUR 0.0005 ordinary | CFD
| Short | 7728 | 5.36162914078675 GBP |
EUR 0.0005 ordinary | CFD
| Short | 755 | 5.366 GBP |
EUR 0.0005 ordinary | CFD
| Short | 130862 | 5.365321 GBP |
EUR 0.0005 ordinary | CFD
| Short | 415 | 5.374 GBP |
EUR 0.0005 ordinary | CFD
| Short | 9486 | 5.35605418511491 GBP |
EUR 0.0005 ordinary | CFD
| Short | 24 | 5.376 GBP |
EUR 0.0005 ordinary | CFD
| Short | 16719 | 5.371316 GBP |
EUR 0.0005 ordinary | CFD
| Short | 15531 | 5.3757 GBP |
EUR 0.0005 ordinary | CFD
| Short | 31868 | 5.368538 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 |
EUR 0.0005 ordinary | Call | Purchasing | 5000000 | 0.0 GBP | European | 07 May 2019 | 0.0 GBP |
(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: | 23 April 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.