Connect Bidco Limited Statement by Bidco relating to additional evidence (3937V)
03 December 2019 - 4:30AM
UK Regulatory
TIDMISAT
RNS Number : 3937V
Connect Bidco Limited
02 December 2019
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH
JURISDICTION
FOR IMMEDIATE RELEASE
2 December 2019
Recommended cash acquisition of
Inmarsat Plc ("Inmarsat")
by
Connect Bidco Limited ("Bidco")
a newly incorporated entity owned by a consortium of (i) funds
advised by Apax; (ii) funds advised by Warburg Pincus or its
affiliates; (iii) Canada Pension Plan Investment Board; and (iv)
Ontario Teachers' Pension Plan Board
Statement by Bidco in relation to additional evidence
Bidco announces that it has provided to the Court, and to a law
firm representing certain contesting shareholders, evidence in
connection with the Court Hearing scheduled for 3 and 4 December
2019.
As required by the Takeover Panel, the evidence is available at:
http://inmarsatbidcoinfo.com
Evidence provided by Bidco and other interested parties will be
considered at the Court Hearing to sanction the Scheme in respect
of the recommended Acquisition of Inmarsat by Bidco.
Unless otherwise defined, all capitalised terms in this
announcement shall have the meaning given to them in the scheme
document dated 18 April 2019 (the "Scheme Document").
Website Publication
A copy of this announcement will be made available on Inmarsat's
website at https://investors.inmarsat.com and on Bidco's website at
http://inmarsatbidcoinfo.com.
Enquiries:
Apax
Andrew Kenny +44 20 7872 6371
James Madsen
Matthew Goodman +44 20 7952 2000
Todd Fogarty +1 212 521 4854
Warburg Pincus
Julie Foster +44 20 7306 3816
Paul Durman +44 20 7186 8890
Canada Pension Plan Investment
Board
Steve McCool +44 203 947 3002
Darryl Konynenbelt +1 416 972 8389
Ontario Teachers' Pension Plan
Board
Lori McLeod +1 (416) 730-7207
Neil Maitland +44 203 7551 674
UBS Investment Bank (Lead Financial
Adviser to Bidco and the Consortium)
Christian Lesueur
Jonathan Rowley
Jonathan Retter +44 207 567 8000
Merrill Lynch International (Financial
Adviser to Bidco and the Consortium)
Emmanuel Hibou
Geoffrey Iles +44 20 7628 1000
Barclays (Financial Adviser to
Bidco and the Consortium)
Osvaldo Ramos
Gaurav Gooptu +44 20 7623 2323
Further information
This announcement is for information purposes only and is not
intended to and does not constitute, or form part of, an offer,
invitation or the solicitation of an offer to purchase, subscribe
for, otherwise acquire, sell or otherwise dispose of any securities
or the solicitation of any vote or approval in any jurisdiction
pursuant to the Acquisition or otherwise, nor shall there be any
sale, issuance or transfer of securities in any jurisdiction in
contravention of applicable law. This announcement does not
constitute a prospectus or a prospectus equivalent document.
The Acquisition is made solely pursuant to the terms of the
Scheme Document, which, together with the Forms of Proxy, contains
the full terms and conditions of the Scheme.
This announcement has been prepared for the purpose of complying
with English law and the Takeover Code and the information
disclosed may not be the same as that which would have been
disclosed if this announcement had been prepared in accordance with
the laws and regulations of jurisdictions outside the United
Kingdom.
The Acquisition will be subject to the applicable requirements
of the Takeover Code, the Panel, the London Stock Exchange ("LSE")
and the Financial Conduct Authority ("FCA").
Important notices about financial advisers
UBS AG London Branch ("UBS") is authorised and regulated by the
Financial Market Supervisory Authority in Switzerland. It is
authorised by the Prudential Regulation Authority ("PRA") and
subject to regulation by the Financial Conduct Authority and
limited regulation by the Prudential Regulation Authority in the
United Kingdom. UBS is acting as financial adviser to Bidco and the
Consortium and no one else in connection with the matters set out
in this announcement. In connection with such matters, UBS, its
affiliates, and its or their respective directors, officers,
employees and agents will not regard any person other than Bidco
and the Consortium as their client, nor will they be responsible to
any other person for providing the protections afforded to their
clients or for providing advice in relation to the contents of this
announcement or any other matter referred to herein.
Merrill Lynch International, a subsidiary of Bank of America
Corporation ("Merrill Lynch"), is acting exclusively for Bidco and
the Consortium in connection with the matters referred to in this
announcement and for no one else and will not be responsible to
anyone other than Bidco and the Consortium for providing the
protections afforded to its clients or for providing advice in
relation to the matters described in this announcement.
Barclays Bank PLC, acting through its investment bank
("Barclays"), which is authorised by the PRA and regulated by the
FCA and the PRA in the United Kingdom, is acting exclusively for
Bidco and the Consortium and no one else in connection with the
matters referred to in this announcement and will not be
responsible to anyone other than Bidco and the Consortium for
providing the protections afforded to clients of Barclays nor for
providing advice in relation to the Acquisition or any other matter
referred to in this announcement.
Publication on website
A copy of this announcement will be available on Bidco's website
at http://inmarsatbidcoinfo.com by no later than 12 noon (London
time) on 3 December 2019 (being the first Business Day following
the date of this announcement).
The contents of Bidco's website are not incorporated into and do
not form part of this announcement.
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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