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Morgan Stanley & Co. (48QN)

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Tuesday 12 November, 2019

Morgan Stanley & Co.

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

RNS Number : 1591T
Morgan Stanley & Co. Int'l plc
12 November 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:

08 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

 333,202

 5.6551 GBP

 5.4400 GBP

 EUR 0.0005 ORDINARY

 SALES

 676,784

 5.6580 GBP

 5.5520 GBP

 EUR 0.0005 ORDINARY

 PURCHASES

 200,000

 7.2158 USD

 7.1992 USD

 EUR 0.0005 ORDINARY

 SALES

 100,065

 7.2207 USD

 7.1647 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

4,736

5.5822 GBP

EUR 0.0005 ORDINARY

CFD

LONG

1

5.6000 GBP

EUR 0.0005 ORDINARY

CFD

LONG

1,328

5.6054 GBP

EUR 0.0005 ORDINARY

CFD

LONG

4,583

5.6090 GBP

EUR 0.0005 ORDINARY

CFD

LONG

10,332

5.6181 GBP

EUR 0.0005 ORDINARY

CFD

LONG

651

5.6252 GBP

EUR 0.0005 ORDINARY

CFD

LONG

40,543

5.6254 GBP

EUR 0.0005 ORDINARY

CFD

LONG

327

5.6259 GBP

EUR 0.0005 ORDINARY

CFD

LONG

587

5.6276 GBP

EUR 0.0005 ORDINARY

CFD

LONG

1,587

5.6397 GBP

EUR 0.0005 ORDINARY

CFD

LONG

83

5.6475 GBP

EUR 0.0005 ORDINARY

CFD

LONG

356

5.6480 GBP

EUR 0.0005 ORDINARY

CFD

LONG

166

5.6495 GBP

EUR 0.0005 ORDINARY

CFD

LONG

473

5.6501 GBP

EUR 0.0005 ORDINARY

CFD

LONG

65

7.1643 USD

EUR 0.0005 ORDINARY

CFD

SHORT

54

5.5826 GBP

EUR 0.0005 ORDINARY

CFD

SHORT

287

5.5945 GBP

EUR 0.0005 ORDINARY

CFD

SHORT

154

5.6029 GBP

EUR 0.0005 ORDINARY

CFD

SHORT

51

5.6035 GBP

EUR 0.0005 ORDINARY

CFD

SHORT

102

5.6081 GBP

EUR 0.0005 ORDINARY

CFD

SHORT

32

5.6191 GBP

EUR 0.0005 ORDINARY

CFD

SHORT

594

5.6261 GBP

EUR 0.0005 ORDINARY

CFD

SHORT

49

5.6266 GBP

EUR 0.0005 ORDINARY

CFD

SHORT

53

5.6406 GBP

EUR 0.0005 ORDINARY

CFD

SHORT

7,000

5.6411 GBP

EUR 0.0005 ORDINARY

CFD

SHORT

2,463

7.1830 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

 EUR 0.0005 ORDINARY

 PUT

 SALE

 200,000

 700.0000

 A

 20/12/2019

 1.4150 GBP

 

(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:

 12 NOVEMBER 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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