Filing Details

 

 

 

Intelsat S.A. (the "Issuer")

 

4, rue Albert Borschette

Luxembourg, Grand Duchy of Luxembourg

L-1246, Luxembourg

 

The Reporting Persons are:

(i) Kerrisdale Advisers, LLC (the "Adviser"), a New York limited liability company and the investment manager to the Master Fund and the Long Only Fund (each as defined below), with respect to the Common Shares held by the Master Fund and the Long Only Fund;

(ii) Sahm Adrangi, a Canadian citizen and the managing member of the Adviser, with respect to the Common Shares held by the Master Fund and the Long Only Fund;

(iii) Kerrisdale Partners Master Fund, Ltd. (the "Master Fund"), a Cayman Islands exempted company;

(iv) Kerrisdale Long Only Fund, L.P. (the "Long Only Fund"), a Delaware limited partnership;

(v) Kerrisdale Long Only Fund GP, LLC (the "General Partner"), a Delaware limited liability company;

The address for each of the General Partner, the Adviser and Mr. Adrangi is:

1212 Avenue of the Americas, 3rd Floor

New York, NY 10036

The address for the Master Fund is:

c/o Intertrust Corporate Services (Cayman) Limited

190 Elgin Avenue

George Town, Grand Cayman KY1-9005 Cayman Islands

The address for the Long Only Fund is:

c/o Kerrisdale Long Only Fund GP, LLC

1212 Avenue of the Americas, 3rd Floor

New York, NY 10036

 

The Adviser - New York

Sahm Adrangi - Canada

The Master Fund - Cayman Islands

The Long Only Fund - Delaware

The General Partner - Delaware

 

Common shares, nominal value $0.01 per share ("Common Shares")

 

L5140P101

 

Not Applicable

(a) Each of the Adviser and Mr. Adrangi beneficially owns the 1,284,782 shares of the Issuer's Common Shares held by the Master Fund and the Long Only Fund.  As of the date hereof, the Master Fund beneficially owns 1,232,817 Common Shares, and each of the Long Only Fund and the General Partner beneficially owns 51,965 Common Shares.

(b) The Common Shares beneficially owned by the Adviser and Mr. Adrangi constitute 0.9% of the Issuer's outstanding Common Shares.

The Common Shares beneficially owned by the Master Fund constitute 0.9% of the Issuer's outstanding Common Shares.

The Common Shares beneficially owned by the Long Only Fund and the General Partner constitute 0.0% of the Issuer's outstanding Common Shares.

The approximate percentage of Common Shares reported as beneficially owned by each of the Reporting Persons is based on 138,018,015 Common Shares outstanding as of December 4, 2018, as reported by the Issuer in its Prospectus Supplement on Form 424 filed with the Securities and Exchange Commission (the "SEC") on November 28, 2018.

Neither the fact of this filing nor anything contained herein shall be deemed to be an admission by the Reporting Persons that they have formed a "group" for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended.

(c) The Adviser and Mr. Adrangi have the shared power to vote and dispose of the Common Shares held by the Master Fund and the Long Only Fund reported herein.  The Master Fund has the sole right to vote and dispose of the Common Shares held by it, and the Long Only Fund likewise has the sole right to vote and dispose of the Common Shares held by it.  The General Partner has the shared power to vote and dispose of the Common Shares held by the Long Only Fund.

If this Statement is being filed to report that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: [ ✓ ]

Not applicable.

 

Not applicable.

 

Not applicable.

 

Not applicable.

Item 10 Certification.

By signing below each of the Reporting Persons certifies that, to the best of such person's knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

After reasonable inquiry and to the best of their knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.