8 Aug 2019 14:58
AMENDMENT
Section 2(b)
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: | 01 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 | 2,674,039 | 5.8600 GBP | 5.7417 GBP |
EUR 0.0005 ORDINARY | SALES | 1,040,547 | 5.8600 GBP | 5.7420 GBP |
EUR 0.0005 ORDINARY | PURCHASES | 665,410 | 7.0041 USD | 6.9881 USD |
EUR 0.0005 ORDINARY | SALES | 1,985,139 | 7.0170 USD | 6.9920 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 | 1,584 | 5.7391 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 43,547 | 5.7414 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 2,718 | 5.7487 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 4,328 | 5.7499 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 11 | 5.7600 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 26 | 5.7608 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 11 | 5.7609 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 9 | 5.7611 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 3,261 | 5.7671 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 4,921 | 5.7672 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 7,722 | 5.7677 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 16,246 | 5.7678 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 2,839 | 5.7680 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 6,288 | 5.7682 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 41,290 | 5.7684 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 3,114 | 5.7688 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 7,607 | 5.7689 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 1,604 | 5.7691 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 1,346 | 5.7692 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 2,976 | 5.7693 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 19,381 | 5.7694 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 693 | 5.7702 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 1,946 | 5.7703 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 73,842 | 5.7723 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 551 | 5.7731 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 497 | 5.7738 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 4,002 | 5.7739 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 8,100 | 5.7740 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 609 | 5.7748 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 266 | 5.7749 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 1,739 | 5.7750 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 19,717 | 5.7758 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 75 | 5.7772 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 91 | 5.7773 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 12 | 5.7775 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 232 | 5.7780 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 25 | 5.7784 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 26 | 5.7785 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 15 | 5.7787 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 3,732 | 5.7795 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 8,509 | 5.7811 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 26 | 5.7819 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 66 | 5.7821 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 172 | 5.7826 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 26 | 5.7827 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 424 | 5.7828 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 20,629 | 5.7838 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 7,095 | 5.7869 GBP |
EUR 0.0005 ORDINARY | CFD | LONG | 6,628 | 6.9882 USD |
EUR 0.0005 ORDINARY | CFD | LONG | 140,554 | 6.9917 USD |
EUR 0.0005 ORDINARY | CFD | LONG | 93,704 | 6.9920 USD |
EUR 0.0005 ORDINARY | CFD | LONG | 17,256 | 6.9940 USD |
EUR 0.0005 ORDINARY | CFD | LONG | 93,704 | 7.0024 USD |
EUR 0.0005 ORDINARY | CFD | LONG | 1,000,000 | 7.0065 USD |
EUR 0.0005 ORDINARY | CFD | LONG | 93,703 | 7.0095 USD |
EUR 0.0005 ORDINARY | CFD | LONG | 500,000 | 7.0130 USD |
EUR 0.0005 ORDINARY | CFD | LONG | 156,399 | 7.0171 USD |
EUR 0.0005 ORDINARY | CFD | SHORT | 3,504 | 5.7421 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 1,187 | 5.7426 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 3,403 | 5.7596 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 500 | 5.7600 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 497 | 5.7776 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 84,106 | 5.7779 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 164 | 5.7805 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 583 | 5.7840 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 1,445 | 5.7848 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 668 | 5.7860 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 94,203 | 5.7861 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 1,283 | 5.7864 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 54,096 | 5.7871 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 12,553 | 5.7873 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 8,262 | 5.7896 GBP |
EUR 0.0005 ORDINARY | CFD | SHORT | 500,000 | 7.0041 USD |
EUR 0.0005 ORDINARY | CFD | SHORT | 250,000 | 7.0089 USD |
EUR 0.0005 ORDINARY | CFD | SHORT | 20,500 | 7.0125 USD |
EUR 0.0005 ORDINARY | CFD | SHORT | 1,659,766 | 7.0294 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.