TIDMISAT

RNS Number : 6866W

JPMorgan Securities Plc

18 April 2019

AMMENT

INCREASED EQUITY PURCHASES BY 5,400 TO 2,228,870

INCREASED CONVERTIBLE BOND PURCHASES BY 1,000,000 TO 1,000,000

ADDED EQUITY SWAP SALES OF 5,400

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      Inmarsat plc 
 relates: 
 Use a separate form for each offeror/offeree 
                                                                                    ---------------------------------- 
 (c) Name of the party to the offer with which exempt principal trader is            Financial Advisor to Inmarsat plc 
 connected: 
                                                                                    ---------------------------------- 
 (d) Date dealing undertaken:                                                        10 April 2019 
                                                                                    ---------------------------------- 
 (e) In addition to the company in 1(b) above, is the exempt principal trader        N/A 
 making disclosures 
 in respect of any other party to this offer? 
 If it is a cash offer or possible cash offer, state "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      Purchases/ sales       Total number of       Highest price per unit   Lowest price per unit 
        security                                   securities              paid/received            paid/received 
     Ordinary Share           Purchase              2,228,870                5.4320 GBP               5.3240 GBP 
 
                                Sale                6,227,774                5.4320 GBP               5.3660 GBP 
                         -----------------  ------------------------  -----------------------  ----------------------- 
 
 
   Class of relevant      Purchases/ sales       Total number of       Highest price per unit   Lowest price per unit 
        security                                   securities              paid/received            paid/received 
    Convertible Bond          Purchase              1,000,000               148.8750 USD             148.8750 USD 
 
                                Sale                2,000,000               149.2500 USD             149.2500 USD 
                         -----------------  ------------------------  -----------------------  ----------------------- 
 
   (b)        Cash-settled derivative transactions 
 
    Class of relevant       Product description      Nature of dealing         Number of reference      Price per unit 
         security                 e.g. CFD         e.g. opening/closing a           securities 
                                                    long/short position, 
                                                   increasing/reducing a 
                                                    long/short position 
      Ordinary Share            Equity Swap                 Long                    5,000,000             5.3860 GBP 
                                                                                       3,611              5.4049 GBP 
                                                                                       9,595              5.4085 GBP 
                                                                                      14,670              5.4125 GBP 
                                                                                        752               5.4150 GBP 
                                                                                      12,910              5.4172 GBP 
                                                                                      16,790              5.4183 GBP 
                                                                                        859               5.4186 GBP 
                                                                                        429               5.4199 GBP 
                                                                                        400               5.4200 GBP 
                                                                                       3,330              5.4219 GBP 
                                                                                      27,995              5.4318 GBP 
 
                                                            Short                      2,407              5.3596 GBP 
                                                                                       4,637              5.3848 GBP 
                                                                                        997               5.3880 GBP 
                                                                                        987               5.3980 GBP 
                                                                                      29,153              5.4028 GBP 
                                                                                        398               5.4051 GBP 
                                                                                        212               5.4054 GBP 
                                                                                       1,065              5.4065 GBP 
                                                                                       1,936              5.4090 GBP 
                                                                                       3,057              5.4114 GBP 
                                                                                      19,393              5.4121 GBP 
                                                                                        764               5.4125 GBP 
                                                                                       5,473              5.4127 GBP 
                                                                                       3,828              5.4130 GBP 
                                                                                        94                5.4131 GBP 
                                                                                      13,996              5.4132 GBP 
                                                                                       2,705              5.4150 GBP 
                                                                                       4,747              5.4161 GBP 
                                                                                       4,673              5.4173 GBP 
                                                                                        960               5.4175 GBP 
                                                                                       4,938              5.4182 GBP 
                                                                                        119               5.4185 GBP 
                                                                                        286               5.4186 GBP 
                                                                                       1,591              5.4189 GBP 
                                                                                     2,054,189            5.4193 GBP 
                                                                                      11,612              5.4195 GBP 
                                                                                       1,370              5.4200 GBP 
                                                                                      121,137             5.4320 GBP 
                                                                                      58,500              5.4374 GBP 
                                                                                       4,800              7.0774 USD 
                                                                                        950               7.0809 USD 
                                                                                        100               7.1035 USD 
                                                                                        500               7.1036 USD 
                           --------------------  -------------------------  -------------------------  --------------- 
 
   (c)        Stock-settled derivative transactions (including options) 
   (i)         Writing, selling, purchasing or varying 
 
   Class of       Product        Writing,      Number of       Exercise          Type       Expiry date   Option money 
   relevant     description    purchasing,     securities      price per         e.g.                        paid/ 
   security      e.g. call       selling,       to which         unit         American,                   received per 
                   option      varying etc.      option                        European                       unit 
                                                relates                          etc. 
 
 
   (ii)        Exercise 
 
   Class of relevant      Product description   Exercising/ exercised    Number of securities     Exercise price per 
        security            e.g. call option           against                                           unit 
 
 
   (d)        Other dealings (including subscribing for new securities) 
 
 Class of relevant security         Nature of dealing          Details   Price per unit (if applicable) 
                               e.g. subscription, conversion 
 
 
   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:          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.

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 rns@lseg.com or visit www.rns.com.

END

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April 18, 2019 10:51 ET (14:51 GMT)

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