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Company UBS AG (EPT)
TIDM
Headline Form 8.5 (EPT/RI) - Inmarsat plc
Released 11:15 18-Apr-2019
Number 6478W11

RNS Number : 6478W
UBS AG (EPT)
18 April 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:

            17 April 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

 

292588

5.48120        GBP

5.45900        GBP

EUR 0.0005 ordinary

Sell

 

78762

5.49301        GBP

5.45900        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

394

5.488        GBP

EUR 0.0005 ordinary

CFD

 

Long

11549

5.48441908        GBP

EUR 0.0005 ordinary

CFD

 

Long

129

5.46524        GBP

EUR 0.0005 ordinary

CFD

 

Long

607

5.462        GBP

EUR 0.0005 ordinary

CFD

 

Short

320

5.46590625        GBP

EUR 0.0005 ordinary

CFD

 

Short

13716

5.462        GBP

EUR 0.0005 ordinary

CFD

 

Short

96

5.4743        GBP

EUR 0.0005 ordinary

CFD

 

Short

2680

5.46514552238806        GBP

EUR 0.0005 ordinary

CFD

 

Short

794

5.46588161209068        GBP

EUR 0.0005 ordinary

CFD

 

Short

12206

5.47397673275438        GBP

EUR 0.0005 ordinary

CFD

 

Short

25278

5.48040786454625        GBP

EUR 0.0005 ordinary

CFD

 

Short

722

5.46641274238227        GBP

EUR 0.0005 ordinary

CFD

 

Short

78400

5.481209

GBP

EUR 0.0005 ordinary

CFD

 

Short

83150

5.473506

GBP

EUR 0.0005 ordinary

CFD

 

Short

7674

5.46273        GBP

EUR 0.0005 ordinary

CFD

 

Short

113

5.468779        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:

18 April 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 monitoring@disclosure.org.uk

 

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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