30 Sep 2019 11:02
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: | 27 September 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 | 739,352
572,749 | 5.9160 GBP
5.9160 GBP | 5.8780 GBP
5.8788 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
| 297 2,884 1,654 7,643 1,617 1,552 8,368 3,152 4,963 10,228 30,868 3,130 3,366
199 129 195 131 40 318 27 4 95 100 395 199 824 1,787 36 197 796 290 12 2,591 3,439 2,916 309 11 797 477 16,953 23,205 18,596 3,492 707 73,597 1,135 159 14,286 3,377 14,857 206 21,407 | 5.8840 GBP 5.8866 GBP 5.8908 GBP 5.9000 GBP 5.9014 GBP 5.9071 GBP 5.9075 GBP 5.9085 GBP 5.9095 GBP 5.9097 GBP 5.9100 GBP 5.9114 GBP 7.2527 USD
5.8860 GBP 5.8865 GBP 5.8885 GBP 5.8890 GBP 5.8892 GBP 5.8894 GBP 5.8895 GBP 5.8911 GBP 5.8923 GBP 5.8931 GBP 5.8933 GBP 5.8942 GBP 5.8952 GBP 5.8960 GBP 5.8972 GBP 5.8978 GBP 5.8979 GBP 5.8980 GBP 5.8984 GBP 5.8998 GBP 5.9002 GBP 5.9004 GBP 5.9007 GBP 5.9009 GBP 5.9014 GBP 5.9030 GBP 5.9034 GBP 5.9035 GBP 5.9046 GBP 5.9049 GBP 5.9054 GBP 5.9059 GBP 5.9064 GBP 5.9066 GBP 5.9090 GBP 5.9098 GBP 5.9130 GBP 5.9169 GBP 7.2679 USD |
(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 |
Ordinary Share |
(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: | 30 September 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.