TIDM48QN TIDMISAT

RNS Number : 6639V

Morgan Stanley & Co. Int'l plc

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:                                      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:                                              03 DECEMBER 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      3,443,041            5.4600 GBP                5.4080 GBP 
  ORDINARY 
             -----------  ---------------  ------------------------  ------------------------ 
 EUR 0.0005     SALES        3,985,520            5.4620 GBP                5.3980 GBP 
  ORDINARY 
             -----------  ---------------  ------------------------  ------------------------ 
 EUR 0.0005   PURCHASES      3,420,805            7.0685 USD                7.0035 USD 
  ORDINARY 
             -----------  ---------------  ------------------------  ------------------------ 
 EUR 0.0005     SALES         818,915             7.0955 USD                6.9952 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           CFD                    LONG                   117,373         5.4058 GBP 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    LONG                    2,346          5.4276 GBP 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    LONG                   21,635          5.4277 GBP 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    LONG                   48,239          5.4300 GBP 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    LONG                    1,933          5.4317 GBP 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    LONG                     359           5.4327 GBP 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    LONG                   100,765         5.4336 GBP 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    LONG                     554           5.4343 GBP 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    LONG                   177,316         5.4380 GBP 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    LONG                     921           5.4407 GBP 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    LONG                    3,269          5.4430 GBP 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    LONG                   134,100         5.4440 GBP 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    LONG                    7,000          5.4440 GBP 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    LONG                   325,800         5.4449 GBP 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    LONG                   75,000          5.4449 GBP 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    LONG                   90,000          5.4449 GBP 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    LONG                     113           5.4457 GBP 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    LONG                   246,009         5.4461 GBP 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    LONG                   270,713         5.4461 GBP 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    LONG                     115           5.4473 GBP 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    LONG                     155           5.4477 GBP 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    LONG                   50,000          5.4600 GBP 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    LONG                   71,249          6.9830 USD 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    LONG                   128,751         6.9830 USD 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    LONG                   500,000         6.9952 USD 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    LONG                   142,562         7.0364 USD 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    LONG                   100,222         7.0364 USD 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    LONG                   80,000          7.0630 USD 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    LONG                   15,259          7.0755 USD 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    LONG                   12,557          7.0906 USD 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    LONG                   45,775          7.0906 USD 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    LONG                    3,526          7.0906 USD 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    LONG                   14,173          7.0955 USD 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    SHORT                    55            5.4080 GBP 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    SHORT                  75,000          5.4273 GBP 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    SHORT                  270,313         5.4295 GBP 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    SHORT                  21,635          5.4440 GBP 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    SHORT                  134,100         5.4440 GBP 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    SHORT                   5,557          5.4440 GBP 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    SHORT                    27            5.4440 GBP 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    SHORT                  352,582         7.0035 USD 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    SHORT                  187,500         7.0431 USD 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    SHORT                 1,250,000        7.0498 USD 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    SHORT                 7,000,000        7.0518 USD 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    SHORT                  470,023         7.0535 USD 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    SHORT                 1,000,000        7.0662 USD 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    SHORT                  400,000         7.0667 USD 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    SHORT                  57,000          7.0685 USD 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    SHORT                  740,000         7.0685 USD 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 EUR 0.0005           CFD                    SHORT                  203,000         7.0685 USD 
  ORDINARY 
             --------------------  ------------------------  --------------------  ----------- 
 
   (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:    04 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

FERCKQDKDBDDDBK

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December 04, 2019 06:02 ET (11:02 GMT)

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