Regulatory News:
Eutelsat (Paris:ETL)
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR FROM
ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OF SUCH JURISDICTION. THIS IS AN ANNOUNCEMENT FALLING
UNDER RULE 2.4 OF THE TAKEOVER CODE. IT DOES NOT REPRESENT A FIRM
INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CODE. ACCORDINGLY,
THERE CAN BE NO CERTAINTY THAT AN OFFER WILL BE MADE NOR AS TO THE
TERMS ON WHICH ANY OFFER MIGHT BE MADE.
THIS ANNOUNCEMENT CONTAINS PRICE SENSITIVE
INFORMATION
Eutelsat Communications S.A. (“Eutelsat”) notes the recent
speculation and confirms that it is currently evaluating a possible
offer for Inmarsat. There can be no certainty any offer will be
made, nor as to the terms of any offer.
As required by Rule 2.6(a) of the Takeover Code (the "Code"),
Eutelsat must, by not later than 5.00 p.m. on 23 July 2018, either
announce a firm intention to make an offer in accordance with Rule
2.7 of the Code or announce that it does not intend to make an
offer, in which case the announcement will be treated as a
statement to which Rule 2.8 of the Code applies. This deadline may
be extended with the consent of the Panel on Takeovers and Mergers
in accordance with Rule 2.6(c) of the Code.
A further announcement will be made in due course.
Important notices
Goldman Sachs International, which is authorised by the
Prudential Regulation Authority and regulated by the Financial
Conduct Authority and the Prudential Regulation Authority in the
United Kingdom, is acting exclusively for Eutelsat and no one else
in connection with the matters referred to in this announcement and
will not be responsible to anyone other than Eutelsat for providing
the protections afforded to clients of Goldman Sachs International,
or for providing advice in relation to the matters referred to in
this announcement.
Rule 2.9 disclosure
In accordance with Rule 2.9 of the Code, Eutelsat confirms that
as at the date of this announcement, it has 232,774,635 ordinary
shares of 1 euro each in issue and admitted to trading on
Compartment A of Eurolist by Euronext Paris. The International
Securities Identification Number (“ISIN”) for Eutelsat’s ordinary
shares is FR0010221234.
Disclosure requirements of the Code
Under Rule 8.3(a) of the Code, any person who is interested in
1% or more of any class of relevant securities of an offeree
company or of any securities exchange offeror (being any offeror
other than an offeror in respect of which it has been announced
that its offer is, or is likely to be, solely in cash) must make an
Opening Position Disclosure following the commencement of the offer
period and, if later, following the announcement in which any
securities exchange offeror is first identified.
An Opening Position Disclosure must contain details of the
person’s interests and short positions in, and rights to subscribe
for, any relevant securities of each of (i) the offeree company and
(ii) any securities exchange offeror(s). An Opening Position
Disclosure by a person to whom Rule 8.3(a) applies must be made by
no later than 3.30 pm (London time) on the 10th business day
following the commencement of the offer period and, if appropriate,
by no later than 3.30 pm (London time) on the 10th business day
following the announcement in which any securities exchange offeror
is first identified. Relevant persons who deal in the relevant
securities of the offeree company or of a securities exchange
offeror prior to the deadline for making an Opening Position
Disclosure must instead make a Dealing Disclosure.
Under Rule 8.3(b) of the Code, any person who is, or becomes,
interested in 1% or more of any class of relevant securities of the
offeree company or of any securities exchange offeror must make a
Dealing Disclosure if the person deals in any relevant securities
of the offeree company or of any securities exchange offeror. A
Dealing Disclosure must contain details of the dealing concerned
and of the person’s interests and short positions in, and rights to
subscribe for, any relevant securities of each of (i) the offeree
company and (ii) any securities exchange offeror, save to the
extent that these details have previously been disclosed under Rule
8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies
must be made by no later than 3.30 pm (London time) on the business
day following the date of the relevant dealing.
If two or more persons act together pursuant to an agreement or
understanding, whether formal or informal, to acquire or control an
interest in relevant securities of an offeree company or a
securities exchange offeror, they will be deemed to be a single
person for the purpose of Rule 8.3.
Opening Position Disclosures must also be made by the offeree
company and by any offeror and Dealing Disclosures must also be
made by the offeree company, by any offeror and by any persons
acting in concert with any of them (see Rules 8.1, 8.2 and
8.4).
Details of the offeree and offeror companies in respect of whose
relevant securities Opening Position Disclosures and Dealing
Disclosures must be made can be found in the Disclosure Table on
the Takeover Panel’s website at www.thetakeoverpanel.org.uk,
including details of the number of relevant securities in issue,
when the offer period commenced and when any offeror was first
identified. You should contact the Panel’s Market Surveillance Unit
on +44 (0)20 7638 0129 if you are in any doubt as to whether you
are required to make an Opening Position Disclosure or a Dealing
Disclosure.
Publication of this announcement
A copy of this announcement will be available, subject to
certain restrictions relating to persons resident in restricted
jurisdictions, at www.Eutelsat.com, by no later than 12 noon (GMT)
on 26 June 2018. The content of the website referred to in this
announcement is not incorporated into and does not form part of
this announcement.
Additional Information
This announcement is not intended to, and does not, constitute
or form part of any offer, invitation or the solicitation of an
offer to purchase, otherwise acquire, subscribe for, sell or
otherwise dispose of, any securities, or the solicitation of any
vote or approval in any jurisdiction, pursuant to this announcement
or otherwise. Any offer, if made, will be made solely by certain
offer documentation which will contain the full terms and
conditions of any offer, including details of how it may be
accepted. The distribution of this announcement in jurisdictions
other than the United Kingdom and France and the availability of
any offer to shareholders of Inmarsat who are not resident in the
United Kingdom may be affected by the laws of relevant
jurisdictions. Therefore any persons who are subject to the laws of
any jurisdiction other than the United Kingdom or shareholders of
Inmarsat who are not resident in the United Kingdom will need to
inform themselves about, and observe, any applicable
requirements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180625006061/en/
Enquiries:Eutelsat - InvestorsJoanna
Darlington, + 33 1 53 98 31 07jdarlington@eutelsat.comorCédric
Pugni, + 33 1 53 98 31 54cpugni@eutelsat.comorEutelsat –
Press relationsMarie-Sophie Ecuer, + 33 1 53 98 37
91mecuer@eutelsat.comorGoldman SachsPierre
Hudry, +33 1 42 12 11 22orMark Sorrell, +44 20 7774 1000orChris
Emmerson, +44 20 7774 1000
Eutelsat Communications (EU:ETL)
Historical Stock Chart
Von Mär 2024 bis Apr 2024
Eutelsat Communications (EU:ETL)
Historical Stock Chart
Von Apr 2023 bis Apr 2024
