13 Jun 2018 12:58
FORM 8.3
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: | 12 June 2018 | |||
| (f) | In addition to the company in 1(c) above, is the discloser making | NO | |||
| disclosures in respect of any other party to the offer? |
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: | 4,502,817 | 0.98% | 4,970,880 | 1.08% | |||||||
| (2) | Cash-settled derivatives: | ||||||||||
| 1,106,905 | 0.24% | 1,638,352 | 0.35% | ||||||||
| (3) | Stock-settled derivatives (including options) | ||||||||||
| and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||||||
| (4) | |||||||||||
| TOTAL: | 5,609,722 | 1.22% | 6,609,232 | 1.43% | |||||||
| Class of relevant security: | Convertible Bond XS1486508887 | ||||||||||
| Interests | Short Positions | ||||||||||
| Number | (%) | Number | (%) | ||||||||
| (1) | Relevant securities owned | ||||||||||
| and/or controlled: | 13,000,000 | 2.00% | 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: | 13,000,000 | 2.00% | 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 | 5 | 5.3500 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 397 | 5.2584 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 486 | 5.3280 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 827 | 5.3480 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 841 | 5.3360 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 932 | 5.3543 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 970 | 5.1952 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 2,300 | 5.2379 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 2,909 | 5.3440 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 6,069 | 5.1415 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 6,309 | 5.3400 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 6,724 | 5.3005 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 8,055 | 5.2732 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 9,137 | 5.3166 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 9,349 | 5.3443 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 10,311 | 5.3967 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 11,000 | 5.2634 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 11,609 | 5.1523 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 12,671 | 5.3561 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 15,023 | 5.2040 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 15,613 | 5.3302 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 22,366 | 5.3563 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 26,925 | 5.1520 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 27,584 | 5.2694 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 33,890 | 5.3630 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 41,525 | 5.1620 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 44,100 | 5.2562 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 50,000 | 5.2939 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 54,581 | 5.2900 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 58,444 | 5.3171 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 65,578 | 5.2947 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 102,074 | 5.2912 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 114,814 | 5.3052 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 215,035 | 5.2923 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 491,363 | 5.3079 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 552,441 | 5.2406 GBP | ||||
| EUR 0.0005 ordinary | Sale | 5 | 5.3500 GBP | ||||
| EUR 0.0005 ordinary | Sale | 150 | 5.2800 GBP | ||||
| EUR 0.0005 ordinary | Sale | 237 | 5.2820 GBP | ||||
| EUR 0.0005 ordinary | Sale | 276 | 5.1440 GBP | ||||
| EUR 0.0005 ordinary | Sale | 400 | 5.3170 GBP | ||||
| EUR 0.0005 ordinary | Sale | 734 | 5.3820 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,649 | 5.3333 GBP | ||||
| EUR 0.0005 ordinary | Sale | 3,271 | 5.2637 GBP | ||||
| EUR 0.0005 ordinary | Sale | 3,699 | 5.3232 GBP | ||||
| EUR 0.0005 ordinary | Sale | 5,000 | 5.2417 GBP | ||||
| EUR 0.0005 ordinary | Sale | 7,081 | 5.2993 GBP | ||||
| EUR 0.0005 ordinary | Sale | 10,311 | 5.4000 GBP | ||||
| EUR 0.0005 ordinary | Sale | 11,249 | 5.1862 GBP | ||||
| EUR 0.0005 ordinary | Sale | 31,919 | 5.3015 GBP | ||||
| EUR 0.0005 ordinary | Sale | 33,215 | 5.3341 GBP | ||||
| EUR 0.0005 ordinary | Sale | 36,712 | 5.2757 GBP | ||||
| EUR 0.0005 ordinary | Sale | 68,062 | 5.1520 GBP | ||||
| EUR 0.0005 ordinary | Sale | 70,931 | 5.3254 GBP | ||||
| EUR 0.0005 ordinary | Sale | 73,171 | 5.3035 GBP | ||||
| EUR 0.0005 ordinary | Sale | 111,472 | 5.3129 GBP | ||||
| EUR 0.0005 ordinary | Sale | 160,785 | 5.3292 GBP | ||||
| EUR 0.0005 ordinary | Sale | 172,866 | 5.2423 GBP | ||||
| EUR 0.0005 ordinary | Sale | 597,869 | 5.3128 GBP |
(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 | SWAP | Long | 665 | 5.3495 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 1,625 | 5.3490 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 1,695 | 5.3544 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 2,455 | 5.3751 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 3,699 | 5.3232 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 3,879 | 5.1739 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 6,707 | 5.3450 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 24,403 | 5.2104 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 36,712 | 5.2757 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 41,137 | 5.1520 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 48,820 | 5.2435 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 70,931 | 5.3254 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 73,171 | 5.3035 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 130,644 | 5.3061 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 8 | 5.3625 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 24 | 5.2441 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 100 | 5.3021 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 397 | 5.2584 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 400 | 5.3260 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 932 | 5.3543 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 970 | 5.1952 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 3,849 | 5.3482 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 3,972 | 5.3781 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 6,069 | 5.1415 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 9,349 | 5.3443 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 11,609 | 5.1523 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 15,023 | 5.2040 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 17,400 | 5.1525 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 22,366 | 5.3563 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 27,584 | 5.2693 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 35,496 | 5.2619 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 37,956 | 5.2580 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 44,100 | 5.2563 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 54,581 | 5.2900 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 137,952 | 5.2953 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 171,836 | 5.1524 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 386,270 | 5.2837 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” |
| 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” |
| None |
(c) Attachments
| Is a Supplemental Form 8 (Open Positions) attached? | NO | ||
| Date of disclosure: | 13 Jun 2018 | ||
| Contact name: | Jay Supaya | ||
| Telephone number: | 020 7773 0635 |
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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