6 Jul 2018 07:00
FORM 8.3 Amendment to Sale
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the Takeover Code (the “Code”)
1. KEY INFORMATION
| (a) | Full name of discloser: | Barclays PLC. | ||
| (b) | Owner or controller of interest and short | |||
| positions disclosed, if different from 1(a): | ||||
| (c) | Name of offeror/offeree in relation to whose | INMARSAT PLC | ||
| relevant securities this form relates: | ||||
| (d) | If an exempt fund manager connected with an | |||
| offeror/offeree, state this and specify identity of | ||||
| offeror/offeree: | ||||
| (e) | Date position held/dealing undertaken: | 03 July 2018 | ||
| (f) | In addition to the company in 1(c) above, is the discloser making | YES: | ||
| disclosures in respect of any other party to the offer? | ECHOSTAR CORPORATION |
2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE
If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.
(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)
| Class of relevant security: | EUR 0.0005 ordinary | |||||||||
| Interests | Short Positions | |||||||||
| Number | (%) | Number | (%) | |||||||
| (1) | Relevant securities owned | |||||||||
| and/or controlled: | 4,368,062 | 0.95% | 5,903,602 | 1.28% | ||||||
| (2) | Cash-settled derivatives: | |||||||||
| 525,767 | 0.11% | 90,963 | 0.02% | |||||||
| (3) | Stock-settled derivatives (including options) | |||||||||
| and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | ||||||
| (4) | ||||||||||
| TOTAL: | 4,893,829 | 1.06% | 5,994,565 | 1.30% |
| Class of relevant security: | Convertible Bond XS1486508887 | |||||||||
| Interests | Short Positions | |||||||||
| Number | (%) | Number | (%) | |||||||
| (1) | Relevant securities owned | |||||||||
| and/or controlled: | 7,800,000 | 1.20% | 0 | 0.00% | ||||||
| (2) | Cash-settled derivatives: | |||||||||
| 0 | 0.00% | 0 | 0.00% | |||||||
| (3) | Stock-settled derivatives (including options) | |||||||||
| and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | ||||||
| (4) | ||||||||||
| TOTAL: | 7,800,000 | 1.20% | 0 | 0.00% |
All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).
(b) Rights to subscribe for new securities (including directors’ and other employee options)
| Class of relevant security in relation to which subscription right exists: | |
| Details, including nature of the rights concerned and relevant percentages: |
3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(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 | Purchase/sale | Number of | Price per unit | |||
| security | securities | |||||
| EUR 0.0005 ordinary | Purchase | 1 | 5.4440 GBP | |||
| EUR 0.0005 ordinary | Purchase | 3 | 5.4420 GBP | |||
| EUR 0.0005 ordinary | Purchase | 62 | 5.1668 GBP | |||
| EUR 0.0005 ordinary | Purchase | 387 | 5.0540 GBP | |||
| EUR 0.0005 ordinary | Purchase | 750 | 5.0680 GBP | |||
| EUR 0.0005 ordinary | Purchase | 1,197 | 5.1320 GBP | |||
| EUR 0.0005 ordinary | Purchase | 1,291 | 5.1212 GBP | |||
| EUR 0.0005 ordinary | Purchase | 1,848 | 5.1880 GBP | |||
| EUR 0.0005 ordinary | Purchase | 1,856 | 5.1840 GBP | |||
| EUR 0.0005 ordinary | Purchase | 2,546 | 5.1634 GBP | |||
| EUR 0.0005 ordinary | Purchase | 2,547 | 5.1230 GBP | |||
| EUR 0.0005 ordinary | Purchase | 4,544 | 5.1787 GBP | |||
| EUR 0.0005 ordinary | Purchase | 5,732 | 5.4685 GBP | |||
| EUR 0.0005 ordinary | Purchase | 7,927 | 5.1137 GBP | |||
| EUR 0.0005 ordinary | Purchase | 9,298 | 5.1550 GBP | |||
| EUR 0.0005 ordinary | Purchase | 10,939 | 5.0571 GBP | |||
| EUR 0.0005 ordinary | Purchase | 13,130 | 5.1232 GBP | |||
| EUR 0.0005 ordinary | Purchase | 16,062 | 5.1543 GBP | |||
| EUR 0.0005 ordinary | Purchase | 17,347 | 5.4054 GBP | |||
| EUR 0.0005 ordinary | Purchase | 22,000 | 5.1520 GBP | |||
| EUR 0.0005 ordinary | Purchase | 24,256 | 5.1746 GBP | |||
| EUR 0.0005 ordinary | Purchase | 25,151 | 5.1270 GBP | |||
| EUR 0.0005 ordinary | Purchase | 27,049 | 5.3912 GBP | |||
| EUR 0.0005 ordinary | Purchase | 28,435 | 5.0630 GBP | |||
| EUR 0.0005 ordinary | Purchase | 29,362 | 5.1143 GBP | |||
| EUR 0.0005 ordinary | Purchase | 29,692 | 5.4713 GBP | |||
| EUR 0.0005 ordinary | Purchase | 43,821 | 5.1140 GBP | |||
| EUR 0.0005 ordinary | Purchase | 50,000 | 5.1169 GBP | |||
| EUR 0.0005 ordinary | Purchase | 119,320 | 5.0520 GBP | |||
| EUR 0.0005 ordinary | Purchase | 121,048 | 5.1725 GBP | |||
| EUR 0.0005 ordinary | Purchase | 227,612 | 5.1244 GBP | |||
| EUR 0.0005 ordinary | Purchase | 347,255 | 5.1694 GBP | |||
| EUR 0.0005 ordinary | Sale | 4 | 5.3820 GBP | |||
| EUR 0.0005 ordinary | Sale | 171 | 5.4520 GBP | |||
| EUR 0.0005 ordinary | Sale | 500 | 5.0360 GBP | |||
| EUR 0.0005 ordinary | Sale | 925 | 5.4511 GBP | |||
| EUR 0.0005 ordinary | Sale | 956 | 5.1550 GBP | |||
| EUR 0.0005 ordinary | Sale | 1,036 | 5.3095 GBP | |||
| EUR 0.0005 ordinary | Sale | 1,124 | 5.4700 GBP | |||
| EUR 0.0005 ordinary | Sale | 1,197 | 5.1320 GBP | |||
| EUR 0.0005 ordinary | Sale | 1,218 | 5.4800 GBP | |||
| EUR 0.0005 ordinary | Sale | 1,431 | 5.1197 GBP | |||
| EUR 0.0005 ordinary | Sale | 1,848 | 5.1880 GBP | |||
| EUR 0.0005 ordinary | Sale | 1,856 | 5.1840 GBP | |||
| EUR 0.0005 ordinary | Sale | 2,109 | 5.1387 GBP | |||
| EUR 0.0005 ordinary | Sale | 2,547 | 5.1230 GBP | |||
| EUR 0.0005 ordinary | Sale | 2,676 | 5.1191 GBP | |||
| EUR 0.0005 ordinary | Sale | 2,683 | 5.4944 GBP | |||
| EUR 0.0005 ordinary | Sale | 2,951 | 5.0943 GBP | |||
| EUR 0.0005 ordinary | Sale | 3,200 | 5.1140 GBP | |||
| EUR 0.0005 ordinary | Sale | 3,643 | 5.1345 GBP | |||
| EUR 0.0005 ordinary | Sale | 5,140 | 5.1917 GBP | |||
| EUR 0.0005 ordinary | Sale | 5,727 | 5.1146 GBP | |||
| EUR 0.0005 ordinary | Sale | 8,033 | 5.1902 GBP | |||
| EUR 0.0005 ordinary | Sale | 8,390 | 5.4237 GBP | |||
| EUR 0.0005 ordinary | Sale | 9,303 | 5.1526 GBP | |||
| EUR 0.0005 ordinary | Sale | 9,825 | 5.1163 GBP | |||
| EUR 0.0005 ordinary | Sale | 10,369 | 5.1397 GBP | |||
| EUR 0.0005 ordinary | Sale | 12,013 | 5.0942 GBP | |||
| EUR 0.0005 ordinary | Sale | 15,749 | 5.4731 GBP | |||
| EUR 0.0005 ordinary | Sale | 20,996 | 5.1088 GBP | |||
| EUR 0.0005 ordinary | Sale | 22,000 | 5.1520 GBP | |||
| EUR 0.0005 ordinary | Sale | 29,430 | 5.0957 GBP | |||
| EUR 0.0005 ordinary | Sale | 30,231 | 5.1180 GBP | |||
| EUR 0.0005 ordinary | Sale | 30,944 | 5.1175 GBP | |||
| EUR 0.0005 ordinary | Sale | 32,256 | 5.1938 GBP | |||
| EUR 0.0005 ordinary | Sale | 33,603 | 5.4701 GBP | |||
| EUR 0.0005 ordinary | Sale | 39,783 | 5.1162 GBP | |||
| EUR 0.0005 ordinary | Sale | 40,000 | 5.0343 GBP | |||
| EUR 0.0005 ordinary | Sale | 52,175 | 5.2310 GBP | |||
| EUR 0.0005 ordinary | Sale | 66,907 | 5.1044 GBP | |||
| EUR 0.0005 ordinary | Sale | 85,696 | 5.1216 GBP | |||
| EUR 0.0005 ordinary | Sale | 122,233 | 5.1179 GBP | |||
| EUR 0.0005 ordinary | Sale | 149,228 | 5.1664 GBP | |||
| EUR 0.0005 ordinary | Sale | 172,919 | 5.2421 GBP | |||
| Convertible Bond | Sale | 400,000 | 126.6250 USD |
NB: The below transactions which were previously disclosed have been cancelled
| Class of relevant | Purchase/sale | Number of | Price per unit | |||
| security | securities | |||||
| ORD | Purchase | 59,660 | 5.0520 GBP | |||
| Convertible Bond | Sale | 400,000 | 126.6250 USD |
(b) Cash-settled derivative transactions
| Class of | Product | Nature of dealing | Number of | Price per | ||||
| relevant | description | reference | unit | |||||
| security | securities | |||||||
| EUR 0.0005 ordinary | CFD | Long | 1,958 | 5.4685 GBP | ||||
| EUR 0.0005 ordinary | CFD | Long | 2,109 | 5.1387 GBP | ||||
| EUR 0.0005 ordinary | SWAP | Long | 2,904 | 5.1232 GBP | ||||
| EUR 0.0005 ordinary | CFD | Long | 3,643 | 5.1345 GBP | ||||
| EUR 0.0005 ordinary | CFD | Long | 3,687 | 5.1009 GBP | ||||
| EUR 0.0005 ordinary | SWAP | Long | 5,020 | 5.4019 GBP | ||||
| EUR 0.0005 ordinary | CFD | Long | 5,140 | 5.1917 GBP | ||||
| EUR 0.0005 ordinary | SWAP | Long | 5,143 | 5.0968 GBP | ||||
| EUR 0.0005 ordinary | CFD | Long | 5,727 | 5.1146 GBP | ||||
| EUR 0.0005 ordinary | CFD | Long | 6,347 | 5.1175 GBP | ||||
| EUR 0.0005 ordinary | SWAP | Long | 6,400 | 5.4263 GBP | ||||
| EUR 0.0005 ordinary | CFD | Long | 8,033 | 5.1902 GBP | ||||
| EUR 0.0005 ordinary | CFD | Long | 8,390 | 5.4237 GBP | ||||
| EUR 0.0005 ordinary | CFD | Long | 20,996 | 5.1088 GBP | ||||
| EUR 0.0005 ordinary | CFD | Long | 29,430 | 5.0957 GBP | ||||
| EUR 0.0005 ordinary | SWAP | Long | 32,683 | 5.1137 GBP | ||||
| EUR 0.0005 ordinary | CFD | Long | 40,000 | 5.0343 GBP | ||||
| EUR 0.0005 ordinary | CFD | Long | 60,560 | 5.1031 GBP | ||||
| EUR 0.0005 ordinary | SWAP | Long | 75,906 | 5.3085 GBP | ||||
| EUR 0.0005 ordinary | SWAP | Long | 137,439 | 5.1912 GBP | ||||
| EUR 0.0005 ordinary | CFD | Long | 149,228 | 5.1664 GBP | ||||
| EUR 0.0005 ordinary | CFD | Short | 1,000 | 5.0372 GBP | ||||
| EUR 0.0005 ordinary | CFD | Short | 1,000 | 5.0378 GBP | ||||
| EUR 0.0005 ordinary | CFD | Short | 1,000 | 5.0471 GBP | ||||
| EUR 0.0005 ordinary | CFD | Short | 1,000 | 5.0599 GBP | ||||
| EUR 0.0005 ordinary | CFD | Short | 1,000 | 5.0744 GBP | ||||
| EUR 0.0005 ordinary | CFD | Short | 1,000 | 5.0764 GBP | ||||
| EUR 0.0005 ordinary | CFD | Short | 1,000 | 5.0765 GBP | ||||
| EUR 0.0005 ordinary | CFD | Short | 1,000 | 5.0784 GBP | ||||
| EUR 0.0005 ordinary | CFD | Short | 1,000 | 5.0797 GBP | ||||
| EUR 0.0005 ordinary | CFD | Short | 1,000 | 5.0804 GBP | ||||
| EUR 0.0005 ordinary | CFD | Short | 1,000 | 5.0824 GBP | ||||
| EUR 0.0005 ordinary | CFD | Short | 1,000 | 5.1104 GBP | ||||
| EUR 0.0005 ordinary | CFD | Short | 1,000 | 5.1124 GBP | ||||
| EUR 0.0005 ordinary | CFD | Short | 1,000 | 5.1134 GBP | ||||
| EUR 0.0005 ordinary | CFD | Short | 1,000 | 5.1155 GBP | ||||
| EUR 0.0005 ordinary | CFD | Short | 1,000 | 5.1204 GBP | ||||
| EUR 0.0005 ordinary | CFD | Short | 1,000 | 5.1262 GBP | ||||
| EUR 0.0005 ordinary | CFD | Short | 1,000 | 5.1304 GBP | ||||
| EUR 0.0005 ordinary | CFD | Short | 1,000 | 5.1313 GBP | ||||
| EUR 0.0005 ordinary | CFD | Short | 1,000 | 5.1344 GBP | ||||
| EUR 0.0005 ordinary | CFD | Short | 1,000 | 5.1345 GBP | ||||
| EUR 0.0005 ordinary | CFD | Short | 1,000 | 5.1364 GBP | ||||
| EUR 0.0005 ordinary | CFD | Short | 1,000 | 5.1380 GBP | ||||
| EUR 0.0005 ordinary | SWAP | Short | 1,291 | 5.1212 GBP | ||||
| EUR 0.0005 ordinary | SWAP | Short | 11,024 | 5.3992 GBP | ||||
| EUR 0.0005 ordinary | CFD | Short | 17,347 | 5.4054 GBP | ||||
| EUR 0.0005 ordinary | CFD | Short | 27,049 | 5.3912 GBP | ||||
| EUR 0.0005 ordinary | CFD | Short | 29,362 | 5.1143 GBP | ||||
| EUR 0.0005 ordinary | SWAP | Short | 31,893 | 5.1267 GBP | ||||
| EUR 0.0005 ordinary | SWAP | Short | 35,439 | 5.1326 GBP | ||||
| EUR 0.0005 ordinary | SWAP | Short | 36,529 | 5.1205 GBP | ||||
| EUR 0.0005 ordinary | CFD | Short | 121,431 | 5.1144 GBP | ||||
| EUR 0.0005 ordinary | SWAP | Short | 130,427 | 5.1929 GBP | ||||
| EUR 0.0005 ordinary | SWAP | Short | 157,697 | 5.1940 GBP |
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
| Class of relevant security | Product description e.g. call option | Writing, purchasing, selling, varying etc. | Number of securities to which option relates | Exercise price per unit | Type e.g. American, European etc. | Expiry date | Option money paid/ received per unit | |||||||
(ii) Exercise
| Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit | ||||
(d) Other dealings (including subscribing for new securities)
| Class of relevant security | Nature of dealing e.g. subscription, conversion | Details | Price per unit (if applicable) | |||
4. 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 person 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” |
(b) Agreements, arrangements or understandings relating to options or derivatives
| Details of any agreement, arrangement or understanding, formal or informal, between the person 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” |
(c) Attachments
| Is a Supplemental Form 8 (Open Positions) attached? | NO | |
| Date of disclosure: | 5 Jul 2018 | |
| Contact name: | Femi Badmos | |
| Telephone number: | 020 3555 1125 |
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 disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.
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