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

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

Dec 06 2019 15:05 GMTSource: RNS

RNS Number : 0971W

Morgan Stanley & Co. Int'l plc

06 December 2019

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:	21 NOVEMBER 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	337,839	5.4720 GBP	5.4300 GBP
EUR 0.0005 ORDINARY	SALES	257,845	5.4760 GBP	5.4300 GBP
EUR 0.0005 ORDINARY	PURCHASES	700,000	7.0935 USD	7.0542 USD
EUR 0.0005 ORDINARY	SALES	7,736,649	7.0564 USD	7.0495 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	22,704	5.4470 GBP
EUR 0.0005 ORDINARY	CFD	LONG	37,599	5.4470 GBP
EUR 0.0005 ORDINARY	CFD	LONG	726	5.4488 GBP
EUR 0.0005 ORDINARY	CFD	LONG	58	5.4493 GBP
EUR 0.0005 ORDINARY	CFD	LONG	43	5.4495 GBP
EUR 0.0005 ORDINARY	CFD	LONG	70	5.4528 GBP
EUR 0.0005 ORDINARY	CFD	LONG	386	5.4605 GBP
EUR 0.0005 ORDINARY	CFD	LONG	303	5.4620 GBP
EUR 0.0005 ORDINARY	CFD	LONG	204	5.4646 GBP
EUR 0.0005 ORDINARY	CFD	LONG	15	5.4706 GBP
EUR 0.0005 ORDINARY	CFD	LONG	146,815	7.0495 USD
EUR 0.0005 ORDINARY	CFD	LONG	2,434,039	7.0495 USD
EUR 0.0005 ORDINARY	CFD	LONG	307,241	7.0495 USD
EUR 0.0005 ORDINARY	CFD	LONG	346,502	7.0495 USD
EUR 0.0005 ORDINARY	CFD	LONG	612,660	7.0495 USD
EUR 0.0005 ORDINARY	CFD	LONG	66,333	7.0495 USD
EUR 0.0005 ORDINARY	CFD	LONG	85,593	7.0495 USD
EUR 0.0005 ORDINARY	CFD	LONG	1,491,471	7.0495 USD
EUR 0.0005 ORDINARY	CFD	LONG	136,019	7.0495 USD
EUR 0.0005 ORDINARY	CFD	LONG	40,122	7.0495 USD
EUR 0.0005 ORDINARY	CFD	LONG	27,350	7.0495 USD
EUR 0.0005 ORDINARY	CFD	LONG	13,346	7.0495 USD
EUR 0.0005 ORDINARY	CFD	LONG	12,416	7.0495 USD
EUR 0.0005 ORDINARY	CFD	LONG	9,297	7.0495 USD
EUR 0.0005 ORDINARY	CFD	LONG	8,096	7.0495 USD
EUR 0.0005 ORDINARY	CFD	LONG	7,939	7.0495 USD
EUR 0.0005 ORDINARY	CFD	LONG	4,761	7.0495 USD
EUR 0.0005 ORDINARY	CFD	LONG	707,901	7.0530 USD
EUR 0.0005 ORDINARY	CFD	LONG	499,712	7.0530 USD
EUR 0.0005 ORDINARY	CFD	LONG	131,519	7.0530 USD
EUR 0.0005 ORDINARY	CFD	LONG	52,733	7.0530 USD
EUR 0.0005 ORDINARY	CFD	LONG	108,135	7.0530 USD
EUR 0.0005 ORDINARY	CFD	SHORT	97	5.4539 GBP
EUR 0.0005 ORDINARY	CFD	SHORT	22,704	5.4552 GBP
EUR 0.0005 ORDINARY	CFD	SHORT	37,599	5.4570 GBP
EUR 0.0005 ORDINARY	CFD	SHORT	3,168	5.4580 GBP
EUR 0.0005 ORDINARY	CFD	SHORT	200,000	7.0636 USD
EUR 0.0005 ORDINARY	CFD	LONG	5,750,000	7.0495 USD
EUR 0.0005 ORDINARY	CFD	LONG	1,500,000	7.0530 USD
EUR 0.0005 ORDINARY	CFD	LONG	150,000	7.0564 USD
EUR 0.0005 ORDINARY	CFD	LONG	150,000	7.0564 USD
EUR 0.0005 ORDINARY	CFD	SHORT	450,000	7.0542 USD
EUR 0.0005 ORDINARY	CFD	SHORT	200,000	7.0636 USD
EUR 0.0005 ORDINARY	CFD	SHORT	50,000	7.0935 USD

(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

(ii) Exercise

Class of

relevant

security

Product description

e.g. call option

Exercising/

exercised

against

Number of securities

Exercise price

per unit

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

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:

06 DECEMBER 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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Company Announcements

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