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Thursday 10 October, 2019

JPMorgan Sec.Plc

Form 8.5 (EPT/RI)- Inmarsat plc

RNS Number : 4830P
JPMorgan Securities Plc
10 October 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:

J.P. Morgan Securities 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:

Financial Advisor to Inmarsat plc

(d) Date dealing undertaken:

9 October 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"

N/A

 

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

(GBP)

Lowest price per unit paid/received

(GBP)

Ordinary Shares

 

Purchase

 

Sale

259,757

 

 208,636

5.8600

 

 5.8480

5.8080

 

 5.8040

 

 

Class of relevant security

Purchases/ sales

 

Total number of securities

Highest price per unit paid/received

Lowest price per unit paid/received

Convertible Bond

 

Purchase

 

Sale

4,000,000

 

4,000,000

148.1250 USD

 

148.2500 USD

148.0000 USD

 

148.2500 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

Ordinary Shares

Equity Swap

 

Long

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Short

 

 

 

 

 

 

 

 

 

 

 

 

2,379

995

85

2,017

35,019

6,406

1,533

187

237

59

3,928

360

1,010

1,960

60

26

3,086

8,876

2,533

2,731

63,416

389

 

163

3,105

14,349

6,418

1,476

1,960

20,157

16,101

26,655

10,773

63,851

1

9,943

5.8086 GBP

5.8088 GBP

5.8235 GBP

5.8246 GBP

5.8247 GBP

5.8251 GBP

5.8253 GBP

5.8260 GBP

5.8266 GBP

5.8268 GBP

5.8272 GBP

5.8274 GBP

5.8275 GBP

5.8280 GBP

5.8295 GBP

5.8318 GBP

5.8320 GBP

5.8321 GBP

5.8368 GBP

5.8397 GBP

5.8400 GBP

5.8409 GBP

 

5.8183 GBP

5.8199 GBP

5.8202 GBP

5.8239 GBP

5.8274 GBP

5.8298 GBP

5.8301 GBP

5.8319 GBP

5.8343 GBP

5.8391 GBP

5.8400 GBP

5.8406 GBP

5.8455 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:

10 October 2019

Contact name:

Alwyn Basch

Telephone number:

020 7742 7407

 

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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