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Morgan Stanley & Co. (48QN)

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Wednesday 14 August, 2019

Morgan Stanley & Co.

Form 8.5 (EPT/RI) - INMARSAT PLC

RNS Number : 0478J
Morgan Stanley & Co. Int'l plc
14 August 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:

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:

13 AUGUST 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

 309,838

 5.8230 GBP

 5.7560 GBP

 EUR 0.0005 ORDINARY

 SALES

 245,801

 5.8230 GBP

 5.7480 GBP

 EUR 0.0005 ORDINARY

 PURCHASES

 441,242

 6.9684 USD

 6.9684 USD

 EUR 0.0005 ORDINARY

 SALES

 1,651,856

 6.9731 USD

 6.9635 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

2,133

5.7712 GBP

EUR 0.0005 ORDINARY

CFD

LONG

2,461

5.7717 GBP

EUR 0.0005 ORDINARY

CFD

LONG

4,678

5.7719 GBP

EUR 0.0005 ORDINARY

CFD

LONG

3,818

5.7738 GBP

EUR 0.0005 ORDINARY

CFD

LONG

75,707

5.7766 GBP

EUR 0.0005 ORDINARY

CFD

LONG

2,581

5.7775 GBP

EUR 0.0005 ORDINARY

CFD

LONG

12,329

5.7787 GBP

EUR 0.0005 ORDINARY

CFD

LONG

36,623

5.7788 GBP

EUR 0.0005 ORDINARY

CFD

LONG

4,459

5.7794 GBP

EUR 0.0005 ORDINARY

CFD

LONG

1,601

5.7820 GBP

EUR 0.0005 ORDINARY

CFD

LONG

9,239

5.7831 GBP

EUR 0.0005 ORDINARY

CFD

LONG

3,385

5.7875 GBP

EUR 0.0005 ORDINARY

CFD

LONG

189

5.7879 GBP

EUR 0.0005 ORDINARY

CFD

LONG

1,934

5.7905 GBP

EUR 0.0005 ORDINARY

CFD

LONG

1,779

5.7938 GBP

EUR 0.0005 ORDINARY

CFD

LONG

640

5.8230 GBP

EUR 0.0005 ORDINARY

CFD

LONG

851,856

6.9635 USD

EUR 0.0005 ORDINARY

CFD

LONG

800,000

6.9732 GBP

EUR 0.0005 ORDINARY

CFD

SHORT

1,779

5.7701 GBP

EUR 0.0005 ORDINARY

CFD

SHORT

2,778

5.7754 GBP

EUR 0.0005 ORDINARY

CFD

SHORT

36,623

5.7800 GBP

EUR 0.0005 ORDINARY

CFD

SHORT

10,532

5.7801 GBP

EUR 0.0005 ORDINARY

CFD

SHORT

1,108

5.7826 GBP

EUR 0.0005 ORDINARY

CFD

SHORT

241

5.7829 GBP

EUR 0.0005 ORDINARY

CFD

SHORT

468

5.7838 GBP

EUR 0.0005 ORDINARY

CFD

SHORT

449

5.7845 GBP

EUR 0.0005 ORDINARY

CFD

SHORT

43,359

5.7860 GBP

EUR 0.0005 ORDINARY

CFD

SHORT

27,860

5.7867 GBP

EUR 0.0005 ORDINARY

CFD

SHORT

2,163

5.7886 GBP

EUR 0.0005 ORDINARY

CFD

SHORT

2,129

5.7887 GBP

EUR 0.0005 ORDINARY

CFD

SHORT

1,968

5.7894 GBP

EUR 0.0005 ORDINARY

CFD

SHORT

44,654

5.7902 GBP

EUR 0.0005 ORDINARY

CFD

SHORT

500,000

5.7979 GBP

EUR 0.0005 ORDINARY

CFD

SHORT

278,100

5.8037 GBP

EUR 0.0005 ORDINARY

CFD

SHORT

15

5.8160 GBP

EUR 0.0005 ORDINARY

CFD

SHORT

852

5.8162 GBP

EUR 0.0005 ORDINARY

CFD

SHORT

640

5.8230 GBP

EUR 0.0005 ORDINARY

CFD

SHORT

441,242

6.9684 USD

EUR 0.0005 ORDINARY

CFD

SHORT

200,000

6.9962 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

 N/A

 N/A

 N/A

 N/A

 N/A

 N/A

 N/A

 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

 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:

 14 AUGUST 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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