8 Aug 2019 15:02
AMENDMENT Section 2(a)
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: | CONNECT BIDCO LIMITED OWNED BY A CONSORTIUM |
(d) Date dealing undertaken: | 06 AUGUST 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 | 269,442 | 5.7560 GBP | 5.7200 GBP |
EUR 0.0005 ORDINARY | SALES | 387,441 | 5.7560 GBP | 5.6940 GBP |
EUR 0.0005 ORDINARY | PURCHASES | 321,942 | 6.9976 USD | 6.9700 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 | 186 | 5.7254 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 111,742 | 5.7263 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 6,069 | 5.7266 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 3,500 | 5.7340 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 220 | 5.7360 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 2,073 | 5.7382 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 10,234 | 5.7385 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 84,485 | 5.7395 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 304 | 5.7400 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 2,927 | 5.7412 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 3,839 | 5.7427 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 4,161 | 5.7428 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 2,851 | 5.7448 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 3,500 | 5.7260 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 4,473 | 5.7266 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 2,521 | 5.7280 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 471 | 5.7288 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 195 | 5.7289 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 317 | 5.7295 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 16,359 | 5.7315 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 1,582 | 5.7365 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 72,159 | 5.7370 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 19,406 | 5.7376 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 360 | 5.7397 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 35,229 | 5.7437 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 6,619 | 5.7469 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 79 | 5.7495 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 94 | 5.7496 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 69,604 | 5.7509 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 42 | 5.7512 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 52 | 5.7521 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 304 | 5.7540 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 250,000 | 6.9701 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: | 08 AUGUST 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.