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Friday 22 November, 2019

UBS AG (EPT)

Form 8.5 (EPT/RI) Inmarsat plc

RNS Number : 3965U
UBS AG (EPT)
22 November 2019
 

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:

UBS Investment Bank, London

(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:

           

Offeror connected advisor to Apex Partners LLP,  consortium member.

Consortium comprising Apax Partners LLP, Warburg Pincus International LLC, Canada Pension Plan Investment Board and Ontario Teachers' Pension Plan Board.

(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

Buy

 

2690286

5.47600

 GBP

5.43600        GBP

EUR 0.0005 ordinary

Sell

 

3712113

5.47000

GBP

5.44699       GBP

 

(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

2279

5.458        GBP

EUR 0.0005 ordinary

CFD

 

Long

39236

5.45598        GBP

EUR 0.0005 ordinary

CFD

 

Long

4591

5.457247        GBP

EUR 0.0005 ordinary

CFD

 

Long

2676910

5.472628

GBP

EUR 0.0005 ordinary

CFD

 

Long

35000

5.46008

GBP

EUR 0.0005 ordinary

CFD

 

Long

940

5.46        GBP

EUR 0.0005 ordinary

CFD

 

Long

250000

5.470872

GBP

EUR 0.0005 ordinary

CFD

 

Long

8000

5.44959125        GBP

EUR 0.0005 ordinary

CFD

 

Short

195100

5.466102

GBP

EUR 0.0005 ordinary

CFD

 

Short

4496

5.450567        GBP

EUR 0.0005 ordinary

CFD

 

Short

500000

5.465949

GBP

EUR 0.0005 ordinary

CFD

 

Short

500000

5.46637

GBP

EUR 0.0005 ordinary

CFD

 

Short

730

5.458        GBP

EUR 0.0005 ordinary

CFD

 

Short

6

5.456        GBP

EUR 0.0005 ordinary

CFD

 

Short

7623

5.457842        GBP

EUR 0.0005 ordinary

CFD

 

Short

26

5.4542        GBP

EUR 0.0005 ordinary

CFD

 

Short

200000

5.465242

GBP

EUR 0.0005 ordinary

CFD

 

Short

1077

5.456721        GBP

EUR 0.0005 ordinary

CFD

 

Short

1668

5.4413        GBP

EUR 0.0005 ordinary

CFD

 

Short

100000

5.468629

GBP

EUR 0.0005 ordinary

CFD

 

Short

75000

5.478713

GBP

EUR 0.0005 ordinary

CFD

 

Short

177403

5.460872

GBP

EUR 0.0005 ordinary

CFD

 

Short

212000

5.472988

GBP

EUR 0.0005 ordinary

CFD

 

Short

20000

5.466485

GBP

 

(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

 

 

 

 

 

 

 

 

 

(ii)        Exercise

 

Class of relevant security

Product description

e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

 

 

 

 

 

 

 

(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)

 

 

 

 

 

 

 

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:

22 November 2019

Contact name:

Wendy Dent

Telephone number:

+44 (0)207 568 1245

 

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [email protected]

 

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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