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Wednesday 04 December, 2019

UBS AG (EPT)

Form 8.5 (EPT/RI) - Inmarsat plc

RNS Number : 6579V
UBS AG (EPT)
04 December 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:

            03 December 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

 

13506181

5.46000        GBP

5.41000        GBP

EUR 0.0005 ordinary

Sell

 

15191448

5.45954        GBP

5.41500        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

30926

5.427285        GBP

EUR 0.0005 ordinary

CFD

 

Long

1792

5.431914        GBP

EUR 0.0005 ordinary

CFD

 

Long

10085

5.444        GBP

EUR 0.0005 ordinary

CFD

 

Long

20006

5.44122913126062        GBP

EUR 0.0005 ordinary

CFD

 

Long

1742158

5.411881        GBP

EUR 0.0005 ordinary

CFD

 

Long

1659197

5.409198        GBP

EUR 0.0005 ordinary

CFD

 

Long

7051588

5.401301        GBP

EUR 0.0005 ordinary

CFD

 

Long

131

5.4277        GBP

EUR 0.0005 ordinary

CFD

 

Long

111645

5.4244        GBP

EUR 0.0005 ordinary

CFD

 

Long

4289239

5.402298        GBP

EUR 0.0005 ordinary

CFD

 

Long

95

5.429579        GBP

EUR 0.0005 ordinary

CFD

 

Long

1831

5.43125068268706        GBP

EUR 0.0005 ordinary

CFD

 

Short

250000

5.4162478        GBP

EUR 0.0005 ordinary

CFD

 

Short

7116

5.422368        GBP

EUR 0.0005 ordinary

CFD

 

Short

500000

5.074448        GBP

EUR 0.0005 ordinary

CFD

 

Short

500000

5.423035        GBP

EUR 0.0005 ordinary

CFD

 

Short

500000

5.425733        GBP

EUR 0.0005 ordinary

CFD

 

Short

581

5.44454388984509        GBP

EUR 0.0005 ordinary

CFD

 

Short

7250000

5.405821        GBP

EUR 0.0005 ordinary

CFD

 

Short

50000

7.045632        GBP

EUR 0.0005 ordinary

CFD

 

Short

2641

5.444        GBP

EUR 0.0005 ordinary

CFD

 

Short

382

5.441539        GBP

EUR 0.0005 ordinary

CFD

 

Short

600000

5.412615        GBP

EUR 0.0005 ordinary

CFD

 

Short

100000

5.40162        GBP

EUR 0.0005 ordinary

CFD

 

Short

200000

5.401631      GBP

EUR 0.0005 ordinary

CFD

 

Short

1075

5.448117        GBP

EUR 0.0005 ordinary

CFD

 

Short

15173

5.4444        GBP

EUR 0.0005 ordinary

CFD

 

Short

424

5.41799528301887        GBP

EUR 0.0005 ordinary

CFD

 

Short

500000

5.42565        GBP

EUR 0.0005 ordinary

CFD

 

Short

50000

5.400402       GBP

EUR 0.0005 ordinary

CFD

 

Short

2651956

5.39995        GBP

EUR 0.0005 ordinary

CFD

 

Short

388

5.41399484536082        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:

04 December 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.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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