25 Jun 2018 10:08
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 Adviser and Corporate Broker to Inmarsat plc |
(d) Date dealing undertaken: | 22 June 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" | 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 Shares | Purchases
Sales | 2,612,327
2,868,869 | 6.0850 GBP
6.0800 GBP | 5.4781 GBP
5.4632 GBP |
Convertible Bond | Purchases
Sales | 3,200,000
2,400,000 | 157.0000 USD
155.0500 USD | 154.2500 USD
154.8750 USD |
(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 (GBP)
|
Ordinary Shares | Equity Swap | Long
Short | 2,416 7,201 5,200 48,318 2,951 3,033 1,260 8,120 41,810 25,791 143,256 29,377 64,850 2,111 6,847 10,640 1,035 149,916 3,099 8,603 472 9,828 507,156 12,418
145 28,407 6,365 8,940 3,200 983 211,814 17,439 4,622 3,028 82,974 135 17,085 2,311 68,000 91 162,482 536 12,535 3,081 9,569 503 14,647 134 84 4,151 5,822 2,383 3,460 3,245 3,582 48,511 | 5.6409 5.6428 5.7097 5.7176 5.7474 5.7500 5.7858 5.8164 5.8270 5.8534 5.9508 5.9604 5.9674 5.9725 5.9804 6.0002 6.0069 6.0120 6.0481 6.0595 6.0596 6.0597 6.0600 6.0691
5.5020 5.7088 5.8018 5.8240 5.8401 5.8473 5.8690 5.9022 5.9065 5.9085 5.9112 5.9222 5.9277 5.9354 5.9395 5.9502 5.9820 5.9822 5.9843 6.0039 6.0047 6.0106 6.0115 6.0142 6.0162 6.0188 6.0235 6.0417 6.0530 6.0555 6.0602 6.0603 |
(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 (GBP) | Type e.g. American, European etc. | Expiry date | Option money paid/ received per unit (GBP) |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit (GBP) |
|
(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) (GBP) |
|
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 June 2018 |
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.