26 Mar 2019 12:55
AMENDMENT Section (2a & 2b)
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: | Morgan Stanley & Co. International 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: | Consortium comprising of Apax Partners LLP and others |
(d) Date dealing undertaken: | 22 MARCH 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 | PURCHASES | 1,860,880 | 5.1194 GBP | 5.0430 GBP |
EUR 0.0005 ordinary | SALES | 1,271,391 | 5.1240 GBP | 5.0440 GBP |
EUR 0.0005 ordinary | PURCHASES | 67,153 | 6.7033 USD | 6.6510 USD |
EUR 0.0005 ordinary | SALES | 700,000 | 6.6757 USD | 6.6471 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 |
EUR 0.0005 ordinary | CFD | LONG | 25 | 5.0480 GBP |
EUR 0.0005 ordinary | CFD | LONG | 30,933 | 5.0570 GBP |
EUR 0.0005 ordinary | CFD | LONG | 598 | 5.0616 GBP |
EUR 0.0005 ordinary | CFD | LONG | 38,318 | 5.0620 GBP |
EUR 0.0005 ordinary | CFD | LONG | 4 | 5.0620 GBP |
EUR 0.0005 ordinary | CFD | LONG | 140,430 | 5.0620 GBP |
EUR 0.0005 ordinary | CFD | LONG | 26,594 | 5.0620 GBP |
EUR 0.0005 ordinary | CFD | LONG | 9,829 | 5.0620 GBP |
EUR 0.0005 ordinary | CFD | LONG | 84,290 | 5.0620 GBP |
EUR 0.0005 ordinary | CFD | LONG | 2,443 | 5.0620 GBP |
EUR 0.0005 ordinary | CFD | LONG | 322 | 5.0620 GBP |
EUR 0.0005 ordinary | CFD | LONG | 272 | 5.0620 GBP |
EUR 0.0005 ordinary | CFD | LONG | 2,678 | 5.0777 GBP |
EUR 0.0005 ordinary | CFD | LONG | 1,878 | 5.0785 GBP |
EUR 0.0005 ordinary | CFD | LONG | 61,286 | 5.0803 GBP |
EUR 0.0005 ordinary | CFD | LONG | 11,392 | 5.0803 GBP |
EUR 0.0005 ordinary | CFD | LONG | 31 | 5.0840 GBP |
EUR 0.0005 ordinary | CFD | LONG | 51,901 | 5.0841 GBP |
EUR 0.0005 ordinary | CFD | LONG | 21,411 | 5.0954 GBP |
EUR 0.0005 ordinary | CFD | LONG | 107 | 5.0972 GBP |
EUR 0.0005 ordinary | CFD | LONG | 11,763 | 5.0976 GBP |
EUR 0.0005 ordinary | CFD | LONG | 950 | 5.0990 GBP |
EUR 0.0005 ordinary | CFD | LONG | 893 | 5.0994 GBP |
EUR 0.0005 ordinary | CFD | LONG | 50 | 5.0996 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 280 | 5.0484 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 20,149 | 5.0575 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 2,100 | 5.0620 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 4 | 5.0620 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 140,430 | 5.0620 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 84,290 | 5.0620 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 1,486 | 5.0620 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 272 | 5.0620 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 322 | 5.0620 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 2,443 | 5.0620 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 61,730 | 5.0620 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 81,353 | 5.0630 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 407 | 5.0661 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 6,558 | 5.0682 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 28,000 | 5.0716 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 7,349 | 5.0733 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 73,200 | 5.0744 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 56,918 | 5.0757 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 14,421 | 5.0861 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 11,288 | 5.0861 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 21,632 | 5.0861 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 1,944 | 5.0861 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 2,015 | 5.0861 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 819 | 5.0861 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 854 | 5.0861 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 485 | 5.0863 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 4,397 | 5.0863 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 22,844 | 5.0899 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 3,080 | 5.0899 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 34,262 | 5.0899 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 17,877 | 5.0899 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 1,353 | 5.0900 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 1,296 | 5.0900 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 3,193 | 5.0900 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 443 | 5.0900 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 1,822 | 5.0900 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 770 | 5.0900 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 3,061 | 5.0900 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 12,958 | 5.0900 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 19,453 | 5.0900 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 10,149 | 5.0900 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 4,051 | 5.0900 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 1,749 | 5.0900 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 737 | 5.0900 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 5,321 | 5.0902 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 765 | 5.0902 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 6,915 | 5.0906 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 104 | 5.0924 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 942 | 5.0924 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 2,360 | 5.0924 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 4,525 | 5.0924 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 3,014 | 5.0924 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 713 | 5.0924 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 173 | 5.0924 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 407 | 5.0924 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 423 | 5.0924 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 180 | 5.0924 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 8 | 5.0925 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 8 | 5.0925 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 28 | 5.0928 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 17 | 5.0929 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 91 | 5.0929 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 116 | 5.0930 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 175 | 5.0930 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 36 | 5.0930 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 16 | 5.0931 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 365 | 5.0931 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 6,443 | 5.0931 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 9,664 | 5.0931 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 5,042 | 5.0931 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 868 | 5.0931 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 902 | 5.0931 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 382 | 5.0931 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 215 | 5.0932 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 1,503 | 5.0932 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 1,958 | 5.0932 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 5 | 5.0940 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 50 | 5.0978 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 124 | 5.0978 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 120 | 5.0978 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 694 | 5.0978 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 278 | 5.0978 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 1,331 | 5.0978 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 887 | 5.0978 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 209 | 5.0978 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 52 | 5.0978 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 29 | 5.0979 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 1,307 | 5.0990 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 6,278 | 5.0990 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 4,182 | 5.0990 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 3,275 | 5.0990 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 987 | 5.0990 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 239 | 5.0990 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 565 | 5.0990 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 250 | 5.0990 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 588 | 5.0990 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 143 | 5.0990 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 371 | 5.1002 GBP |
EUR 0.0005 ordinary | CFD | LONG | 92 | 5.1080 GBP |
EUR 0.0005 ordinary | CFD | SHORT | 4,118 | 6.6510 USD |
EUR 0.0005 ordinary | CFD | SHORT | 4,300 | 6.6510 USD |
EUR 0.0005 ordinary | CFD | SHORT | 6,300 | 6.6510 USD |
EUR 0.0005 ordinary | CFD | SHORT | 10,300 | 6.6510 USD |
EUR 0.0005 ordinary | CFD | SHORT | 6,065 | 6.6510 USD |
EUR 0.0005 ordinary | CFD | SHORT | 30,770 | 6.7033 USD |
EUR 0.0005 ordinary | CFD | SHORT | 30,770 | 6.7033 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 |
N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
N/A | N/A | N/A | N/A | N/A |
(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) |
N/A | N/A | N/A | N/A |
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: | 26 MARCH 2019
|
Contact name: | Craig Horsley
|
Telephone number: | +44(141) 245 7736
|
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.