TIDMISAT

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              Inmarsat plc 
 securities this form relates: 
 Use a separate form for each offeror/offeree 
                                                            ---------------------------------------------------------- 
 (c) Name of the party to the offer with which exempt                   Offeror connected advisor to Apex Partners 
 principal trader is connected:                                         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        No 
 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" 
                                                            ---------------------------------------------------------- 
 
   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 
 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      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 
 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       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:    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 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.

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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