TIDMISAT
FORM 8.5 (EPT/NON-RI)
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN
EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI")
STATUS (OR WHERE RI STATUS IS NOT APPLICABLE)
Rule 8.5 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Name of exempt principal trader: BARCLAYS CAPITAL SECURITIES LTD
(b) Name of offeror/offeree in relation to whose INMARSAT PLC
relevant securities this form relates:
(c) Name of the party to the offer with which exempt Connect Bidco Limited owned by a consortium of funds advised by Apax Partners LLP; funds advised by Warburg Pincus or its affiliates; Canada Pension Plan Investment Board and Ontario Teachers' Pension Plan
principal trader is connected
(d) Date position held/dealing undertaken: 03 December 2019
(e) In addition to the company in 1(b) above, is the exempt principal NO:
trader making disclosures in respect of any other party to the offer?
2. POSITIONS OF THE EXEMPT PRINCIPAL TRADER
If there are positions or rights to subscribe to disclose in
more than one class of relevant securities of the offeror or
offeree named in 1(b), copy table 2(a) or (b) (as appropriate) for
each additional class of relevant security.
(a) Interests and short positions in the relevant securities of
the offeror or offeree to which the disclosure relates following
the dealing (if any)
Class of relevant EUR 0.0005 ordinary
security:
Interests Short Positions
Number (%) Number (%)
(1) Relevant securities owned
and/or controlled: 14,205,964 3.02% 1,489,532 0.32%
(2) Cash-settled derivatives:
2,463,336 0.52% 12,596,358 2.68%
(3) Stock-settled derivatives (including options)
and agreements to purchase/sell: 0 0.00% 0 0.00%
TOTAL: 16,669,300 3.55% 14,085,890 3.00%
All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions
(including traded options), or agreements to purchase or sell
relevant securities, should be given on a Supplemental Form 8 (Open
Positions).
(b) Rights to subscribe for new securities (including directors'
and other employee options)
Class of relevant security in relation
to which subscription right exists:
Details, including nature of the rights
concerned and relevant percentages:
3. DEALINGS (IF ANY) 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 3(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 Purchase/sale Total number of Highest price Lowest price
relevant per unit per unit
security securities paid/received paid/received
Convertible Sale 1,400,000 151.2500 USD 151.25 USD
Bond
EUR 0.0005 Purchase 1,562,269 5.4489 GBP 5.4284 GBP
ordinary
EUR 0.0005 Sale 1,090,440 5.4500 GBP 5.4208 GBP
ordinary
(b) Cash-settled derivative transactions
Class of Product Nature of dealing Number of Price per
relevant description reference unit
security securities
EUR 0.0005 ordinary CFD Long 2,389 5.4157 GBP
EUR 0.0005 ordinary CFD Long 14,105 5.4305 GBP
EUR 0.0005 ordinary SWAP Long 44,393 5.4358 GBP
EUR 0.0005 ordinary SWAP Long 291,379 5.4434 GBP
EUR 0.0005 ordinary SWAP Short 22,795 5.4500 GBP
EUR 0.0005 ordinary CFD Short 68,869 5.4471 GBP
EUR 0.0005 ordinary CFD Short 139,857 5.4429 GBP
EUR 0.0005 ordinary SWAP Short 219,401 5.4492 GBP
EUR 0.0005 ordinary SWAP Short 278,211 5.4353 GBP
(c) Stock-settled derivative transactions (including
options)
(i) Writing, selling, purchasing or varying
Class of Product Writing, Number Exercise Type Expiry date Option
relevant description purchasing, of price e.g. money
security e.g. selling, securities per unit American, paid/
call varying to European received
option etc. which etc. per
option unit
relates
(ii) Exercise
Class of relevant Product Exercising/ Number Exercise price
security description exercised of securities per unit
e.g. call against
option
(d) Other dealings (including subscribing for new
securities)
Class of relevant security Nature of dealing Details Price per unit (if
e.g. subscription, applicable)
conversion
4. 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
(c) Attachments
Is a Supplemental Form 8 (Open NO
Positions) attached?
Date of disclosure: 4 Dec 2019
Contact name: Large Holdings Regulatory Operations
Telephone number: 020 3134 7213
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 disclosure requirements on
+44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at
www.thetakeoverpanel.org.uk.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20191204005414/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
December 04, 2019 05:54 ET (10:54 GMT)
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