TIDM48QN TIDMISAT

RNS Number : 5435V

Morgan Stanley & Co. Int'l plc

03 December 2019

   AMMENT           Section 2(a) 

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      INMARSAT PLC 
 this form relates: 
 Use a separate form for each offeror/offeree 
                                                                          -------------------------------------------- 
 (c) Name of the party to the offer with which exempt principal trader     CONNECT BIDCO LIMITED OWNED BY A CONSORTIUM 
 is connected: 
                                                                          -------------------------------------------- 
 (d) Date dealing undertaken:                                              27 NOVEMBER 2019 
                                                                          -------------------------------------------- 
 (e) In addition to the company in 1(b) above, is the exempt principal     NO 
 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" 
                                                                          -------------------------------------------- 
 
   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    Purchases/    Total number         Highest price             Lowest price 
  relevant       sales      of securities    per unit paid/received    per unit paid/received 
  security 
 EUR 0.0005   PURCHASES       414,302             5.4840 GBP                5.4420 GBP 
  ORDINARY 
             -----------  ---------------  ------------------------  ------------------------ 
 EUR 0.0005     SALES         214,979             5.4840 GBP                5.4460 GBP 
  ORDINARY 
             -----------  ---------------  ------------------------  ------------------------ 
 EUR 0.0005   PURCHASES      5,931,903            7.0355 USD                7.0205 USD 
  ORDINARY 
             -----------  ---------------  ------------------------  ------------------------ 
 EUR 0.0005     SALES         500,000             7.0356 USD                7.0356 USD 
  ORDINARY 
             -----------  ---------------  ------------------------  ------------------------ 
 
   (b)        Cash-settled derivative transactions 
 
      Class of        Product description      Nature of dealing      Number of reference   Price per 
      relevant              e.g. CFD          e.g. opening/closing         securities          unit 
      security                               a long/short position, 
                                              increasing/reducing 
                                             a long/short position 
EUR 0.0005 ORDINARY          CFD                     LONG                   6,195          5.4586 GBP 
                     --------------------  ------------------------  --------------------  ---------- 
EUR 0.0005 ORDINARY          CFD                     LONG                   20,188         5.4619 GBP 
                     --------------------  ------------------------  --------------------  ---------- 
EUR 0.0005 ORDINARY          CFD                     LONG                    527           5.4628 GBP 
                     --------------------  ------------------------  --------------------  ---------- 
EUR 0.0005 ORDINARY          CFD                     LONG                   2,497          5.4629 GBP 
                     --------------------  ------------------------  --------------------  ---------- 
EUR 0.0005 ORDINARY          CFD                     LONG                  101,562         5.4660 GBP 
                     --------------------  ------------------------  --------------------  ---------- 
EUR 0.0005 ORDINARY          CFD                     LONG                 1,334,549        7.0195 USD 
                     --------------------  ------------------------  --------------------  ---------- 
EUR 0.0005 ORDINARY          CFD                    SHORT                     31           5.4494 GBP 
                     --------------------  ------------------------  --------------------  ---------- 
EUR 0.0005 ORDINARY          CFD                    SHORT                    798           5.4540 GBP 
                     --------------------  ------------------------  --------------------  ---------- 
EUR 0.0005 ORDINARY          CFD                    SHORT                     85           5.4552 GBP 
                     --------------------  ------------------------  --------------------  ---------- 
EUR 0.0005 ORDINARY          CFD                    SHORT                     15           5.4580 GBP 
                     --------------------  ------------------------  --------------------  ---------- 
EUR 0.0005 ORDINARY          CFD                    SHORT                    498           5.4598 GBP 
                     --------------------  ------------------------  --------------------  ---------- 
EUR 0.0005 ORDINARY          CFD                    SHORT                  101,518         5.4608 GBP 
                     --------------------  ------------------------  --------------------  ---------- 
EUR 0.0005 ORDINARY          CFD                    SHORT                   1,150          5.4625 GBP 
                     --------------------  ------------------------  --------------------  ---------- 
EUR 0.0005 ORDINARY          CFD                    SHORT                   1,421          5.4644 GBP 
                     --------------------  ------------------------  --------------------  ---------- 
EUR 0.0005 ORDINARY          CFD                    SHORT                    381           5.4654 GBP 
                     --------------------  ------------------------  --------------------  ---------- 
EUR 0.0005 ORDINARY          CFD                    SHORT                    453           5.4656 GBP 
                     --------------------  ------------------------  --------------------  ---------- 
EUR 0.0005 ORDINARY          CFD                    SHORT                    261           5.4661 GBP 
                     --------------------  ------------------------  --------------------  ---------- 
EUR 0.0005 ORDINARY          CFD                    SHORT                    280           5.4662 GBP 
                     --------------------  ------------------------  --------------------  ---------- 
EUR 0.0005 ORDINARY          CFD                    SHORT                   43,463         5.4680 GBP 
                     --------------------  ------------------------  --------------------  ---------- 
EUR 0.0005 ORDINARY          CFD                    SHORT                     30           5.4683 GBP 
                     --------------------  ------------------------  --------------------  ---------- 
EUR 0.0005 ORDINARY          CFD                    SHORT                    109           5.4731 GBP 
                     --------------------  ------------------------  --------------------  ---------- 
EUR 0.0005 ORDINARY          CFD                    SHORT                   1,150          5.4745 GBP 
                     --------------------  ------------------------  --------------------  ---------- 
EUR 0.0005 ORDINARY          CFD                    SHORT                  117,373         5.4747 GBP 
                     --------------------  ------------------------  --------------------  ---------- 
EUR 0.0005 ORDINARY          CFD                    SHORT                  272,941         7.0335 USD 
                     --------------------  ------------------------  --------------------  ---------- 
EUR 0.0005 ORDINARY          CFD                    SHORT                 5,649,494        7.0355 USD 
                     --------------------  ------------------------  --------------------  ---------- 
 
   (c)        Stock-settled derivative transactions (including options) 
   (i)         Writing, selling, purchasing or varying 
 
Class of      Product        Writing,         Number        Exercise    Type e.g.    Expiry      Option 
 relevant    description    purchasing,    of securities    price per    American,    date     money paid/ 
 security     e.g. call      selling,        to which         unit       European               received 
               option         varying         option                       etc.                 per unit 
                               etc.           relates 
   N/A          N/A            N/A             N/A            N/A          N/A        N/A         N/A 
           -------------  -------------  ---------------  -----------  -----------  -------  ------------- 
 
   (ii)        Exercise 
 
 Class of    Product description   Exercising/   Number of securities   Exercise price 
  relevant     e.g. call option     exercised                              per unit 
  security                           against 
    N/A              N/A               N/A               N/A                 N/A 
            --------------------  ------------  ---------------------  --------------- 
 
   (d)        Other dealings (including subscribing for new securities) 
 
 Class of relevant    Nature of dealing    Details    Price per unit 
      security        e.g. subscription,              (if applicable) 
                          conversion 
        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:    03 DECEMBER 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.

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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