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Company Announcements

Morgan Stanley, Inmarsat PLC

Form 8.5 (EPT/RI) -Replacement of INMARSAT PLC

Source: RNS
RNS Number : 8190J
Morgan Stanley & Co. Int'l plc
21 August 2019
 

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:

19 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

 744,363

 5.8369 GBP

 5.7520 GBP

 EUR 0.0005 ORDINARY

 SALES

 511,870

 5.8580 GBP

 5.7600 GBP

 EUR 0.0005 ORDINARY

 PURCHASES

 1,534,931

 7.0328 USD

 7.0020 USD

 EUR 0.0005 ORDINARY

 SALES

 194,643

 6.9961 USD

 6.9961 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

                                              303

5.7674 GBP

EUR 0.0005 ORDINARY

 CFD

LONG

                                                48

5.7675 GBP

EUR 0.0005 ORDINARY

 CFD

LONG

                                                  5

5.768 GBP

EUR 0.0005 ORDINARY

 CFD

LONG

                                                  1

5.77 GBP

EUR 0.0005 ORDINARY

 CFD

LONG

                                              830

5.7713 GBP

EUR 0.0005 ORDINARY

 CFD

LONG

                                                13

5.7715 GBP

EUR 0.0005 ORDINARY

 CFD

LONG

                                           3,000

5.7734 GBP

EUR 0.0005 ORDINARY

 CFD

LONG

                                              103

5.7737 GBP

EUR 0.0005 ORDINARY

 CFD

LONG

                                                15

5.774 GBP

EUR 0.0005 ORDINARY

 CFD

LONG

                                           2,216

5.7746 GBP

EUR 0.0005 ORDINARY

 CFD

LONG

                                           4,178

5.7751 GBP

EUR 0.0005 ORDINARY

 CFD

LONG

                                              129

5.776 GBP

EUR 0.0005 ORDINARY

 CFD

LONG

                                              822

5.7776 GBP

EUR 0.0005 ORDINARY

 CFD

LONG

                                         13,162

5.7778 GBP

EUR 0.0005 ORDINARY

 CFD

LONG

                                           7,366

5.7783 GBP

EUR 0.0005 ORDINARY

 CFD

LONG

                                              213

5.7823 GBP

EUR 0.0005 ORDINARY

 CFD

LONG

                                              866

5.7826 GBP

EUR 0.0005 ORDINARY

 CFD

LONG

                                              708

5.7828 GBP

EUR 0.0005 ORDINARY

 CFD

LONG

                                           1,771

5.7894 GBP

EUR 0.0005 ORDINARY

 CFD

LONG

                                              465

5.837 GBP

EUR 0.0005 ORDINARY

 CFD

LONG

                                                75

5.8384 GBP

EUR 0.0005 ORDINARY

 CFD

LONG

                                                  9

5.8399 GBP

EUR 0.0005 ORDINARY

 CFD

LONG

                                       194,643

6.9961 USD

EUR 0.0005 ORDINARY

 CFD

SHORT

                                           1,489

5.7665 GBP

EUR 0.0005 ORDINARY

 CFD

SHORT

                                         51,217

5.7736 GBP

EUR 0.0005 ORDINARY

 CFD

SHORT

                                           3,774

5.7742 GBP

EUR 0.0005 ORDINARY

 CFD

SHORT

                                       104,268

5.7788 GBP

EUR 0.0005 ORDINARY

 CFD

SHORT

                                           8,770

5.7798 GBP

EUR 0.0005 ORDINARY

 CFD

SHORT

                                       394,526

5.7829 GBP

EUR 0.0005 ORDINARY

 CFD

SHORT

                                       101,345

5.7834 GBP

EUR 0.0005 ORDINARY

 CFD

SHORT

                                              387

5.7835 GBP

EUR 0.0005 ORDINARY

 CFD

SHORT

                                         11,299

5.7878 GBP

EUR 0.0005 ORDINARY

 CFD

SHORT

                                           3,253

5.7886 GBP

EUR 0.0005 ORDINARY

 CFD

SHORT

                                           7,320

5.7906 GBP

EUR 0.0005 ORDINARY

 CFD

SHORT

                                           2,099

5.7915 GBP

EUR 0.0005 ORDINARY

 CFD

SHORT

                                              447

5.7929 GBP

EUR 0.0005 ORDINARY

 CFD

SHORT

                                       283,500

7.002 USD

EUR 0.0005 ORDINARY

 CFD

SHORT

                                       250,000

7.0035 USD

EUR 0.0005 ORDINARY

 CFD

SHORT

                                       500,000

7.0138 USD

EUR 0.0005 ORDINARY

 CFD

SHORT

                                       100,000

7.0169 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:

 21 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.

 


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