27 Jun 2018 11:38
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: | 26 June 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: | 4,901,981 | 1.06% | 5,777,823 | 1.25% | |||||||
| (2) | Cash-settled derivatives: | ||||||||||
| 751,937 | 0.16% | 1,133,158 | 0.25% | ||||||||
| (3) | Stock-settled derivatives (including options) | ||||||||||
| and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||||||
| (4) | |||||||||||
| TOTAL: | 5,653,918 | 1.22% | 6,910,981 | 1.50% | |||||||
| Class of relevant security: | Convertible Bond XS1486508887 | ||||||||||
| Interests | Short Positions | ||||||||||
| Number | (%) | Number | (%) | ||||||||
| (1) | Relevant securities owned | ||||||||||
| and/or controlled: | 9,200,000 | 1.42% | 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: | 9,200,000 | 1.42% | 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 | 41 | 5.5655 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 49 | 5.5682 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 246 | 5.7004 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 391 | 5.6004 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 403 | 5.5362 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 411 | 5.5317 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 841 | 5.8200 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 841 | 5.8280 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 841 | 5.8390 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,199 | 5.7339 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,254 | 5.5380 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,318 | 5.9300 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,431 | 5.5242 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,699 | 5.5670 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,800 | 5.7577 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 2,431 | 5.8209 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 3,998 | 5.8335 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 4,076 | 5.6899 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 4,462 | 5.8495 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 5,000 | 5.8560 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 10,000 | 5.5511 GBP | ||||
| ADR | Purchase | 12,334 | 7.5163 USD | ||||
| EUR 0.0005 ordinary | Purchase | 16,945 | 5.7305 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 36,203 | 5.6441 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 85,000 | 5.7534 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 122,158 | 5.8973 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 129,701 | 5.7407 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 186,923 | 5.5320 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 344,896 | 5.7231 GBP | ||||
| Convertible Bond | Purchase | 600,000 | 150.4247 USD | ||||
| EUR 0.0005 ordinary | Sale | 535 | 5.6370 GBP | ||||
| EUR 0.0005 ordinary | Sale | 715 | 5.7138 GBP | ||||
| EUR 0.0005 ordinary | Sale | 841 | 5.8200 GBP | ||||
| EUR 0.0005 ordinary | Sale | 841 | 5.8280 GBP | ||||
| EUR 0.0005 ordinary | Sale | 841 | 5.8390 GBP | ||||
| EUR 0.0005 ordinary | Sale | 888 | 5.8727 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,254 | 5.5380 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,679 | 5.8903 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,958 | 5.9235 GBP | ||||
| EUR 0.0005 ordinary | Sale | 4,703 | 5.8325 GBP | ||||
| EUR 0.0005 ordinary | Sale | 6,000 | 5.6406 GBP | ||||
| EUR 0.0005 ordinary | Sale | 6,378 | 5.8655 GBP | ||||
| EUR 0.0005 ordinary | Sale | 6,707 | 5.8021 GBP | ||||
| EUR 0.0005 ordinary | Sale | 6,898 | 5.6205 GBP | ||||
| EUR 0.0005 ordinary | Sale | 8,492 | 5.5322 GBP | ||||
| EUR 0.0005 ordinary | Sale | 9,094 | 5.6135 GBP | ||||
| EUR 0.0005 ordinary | Sale | 9,921 | 5.6731 GBP | ||||
| ADR | Sale | 12,334 | 7.5163 USD | ||||
| EUR 0.0005 ordinary | Sale | 20,861 | 5.8482 GBP | ||||
| EUR 0.0005 ordinary | Sale | 27,454 | 5.7377 GBP | ||||
| EUR 0.0005 ordinary | Sale | 29,010 | 5.7340 GBP | ||||
| EUR 0.0005 ordinary | Sale | 38,047 | 5.5655 GBP | ||||
| EUR 0.0005 ordinary | Sale | 38,661 | 5.7697 GBP | ||||
| EUR 0.0005 ordinary | Sale | 40,623 | 5.6610 GBP | ||||
| EUR 0.0005 ordinary | Sale | 44,048 | 5.8599 GBP | ||||
| EUR 0.0005 ordinary | Sale | 80,152 | 5.7357 GBP | ||||
| EUR 0.0005 ordinary | Sale | 96,905 | 5.7252 GBP | ||||
| EUR 0.0005 ordinary | Sale | 212,433 | 5.7296 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 | 200 | 5.8900 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 200 | 6.0500 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 1,152 | 5.7528 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 1,958 | 5.9235 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 3,098 | 5.7309 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 4,462 | 5.5316 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 6,840 | 5.7963 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 9,094 | 5.6135 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 9,921 | 5.6731 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 10,026 | 5.6630 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 15,000 | 5.6131 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 33,585 | 5.5700 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 38,661 | 5.7697 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 40,623 | 5.6610 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 52,719 | 5.7187 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 111,396 | 5.7405 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 187,598 | 5.7126 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 246 | 5.7004 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 391 | 5.6004 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 403 | 5.5362 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 780 | 5.8316 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 1,431 | 5.5242 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 3,098 | 5.6926 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 5,696 | 5.8216 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 9,778 | 5.5805 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 12,334 | 5.6375 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 15,000 | 5.7341 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 30,663 | 5.6910 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 39,254 | 5.6954 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 122,158 | 5.8973 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 124,941 | 5.7232 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 128,612 | 5.5320 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 277,356 | 5.7416 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: | 27 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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