12 Jun 2018 15:05
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: | 11 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: | 4,512,708 | 0.98% | 5,412,819 | 1.17% | |||||||
| (2) | Cash-settled derivatives: | ||||||||||
| 1,503,049 | 0.33% | 1,642,796 | 0.36% | ||||||||
| (3) | Stock-settled derivatives (including options) | ||||||||||
| and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||||||
| (4) | |||||||||||
| TOTAL: | 6,015,757 | 1.30% | 7,055,615 | 1.53% | |||||||
| Class of relevant security: | Convertible Bond XS1486508887 | ||||||||||
| Interests | Short Positions | ||||||||||
| Number | (%) | Number | (%) | ||||||||
| (1) | Relevant securities owned | ||||||||||
| and/or controlled: | 8,800,000 | 1.35% | 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: | 8,800,000 | 1.35% | 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 | 386 | 5.2884 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 462 | 5.2720 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 470 | 5.3540 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 831 | 5.3497 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 835 | 5.3013 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 848 | 5.2980 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,153 | 5.3680 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,258 | 5.3020 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,269 | 5.3580 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,391 | 5.1920 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,429 | 5.3310 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,482 | 5.3160 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,527 | 5.3431 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,732 | 5.3050 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,763 | 5.3130 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 3,412 | 5.3559 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 7,368 | 5.3290 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 8,304 | 5.2267 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 8,568 | 5.3047 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 8,666 | 5.3353 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 9,687 | 5.2675 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 14,954 | 5.3051 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 16,696 | 5.3069 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 17,271 | 5.3397 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 22,321 | 5.3277 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 23,741 | 5.3389 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 25,000 | 5.3414 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 38,208 | 5.3010 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 39,383 | 5.3238 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 42,094 | 5.2881 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 49,358 | 5.3001 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 62,533 | 5.2732 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 75,090 | 5.3400 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 75,752 | 5.2241 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 78,838 | 5.2422 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 89,689 | 5.3967 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 98,952 | 5.3522 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 114,709 | 5.3223 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 120,000 | 5.2465 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 135,773 | 5.3504 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 253,347 | 5.3041 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 341,932 | 5.3210 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 500,513 | 5.3167 GBP | ||||
| Convertible Bond | Purchase | 600,000 | 133.0000 USD | ||||
| Convertible Bond | Purchase | 600,000 | 134.0100 USD | ||||
| Convertible Bond | Purchase | 1,000,000 | 130.0000 USD | ||||
| Convertible Bond | Purchase | 1,000,000 | 135.0000 USD | ||||
| EUR 0.0005 ordinary | Purchase | 1,342,587 | 5.3166 GBP | ||||
| EUR 0.0005 ordinary | Sale | 78 | 5.3004 GBP | ||||
| EUR 0.0005 ordinary | Sale | 415 | 5.3566 GBP | ||||
| EUR 0.0005 ordinary | Sale | 421 | 5.2635 GBP | ||||
| EUR 0.0005 ordinary | Sale | 630 | 5.3405 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,153 | 5.3680 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,185 | 5.3060 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,258 | 5.3020 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,269 | 5.3580 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,391 | 5.1920 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,429 | 5.3310 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,482 | 5.3160 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,732 | 5.3050 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,763 | 5.3130 GBP | ||||
| EUR 0.0005 ordinary | Sale | 2,041 | 5.1907 GBP | ||||
| EUR 0.0005 ordinary | Sale | 2,079 | 5.3016 GBP | ||||
| EUR 0.0005 ordinary | Sale | 3,735 | 5.3010 GBP | ||||
| EUR 0.0005 ordinary | Sale | 4,702 | 5.3400 GBP | ||||
| EUR 0.0005 ordinary | Sale | 4,982 | 5.2068 GBP | ||||
| EUR 0.0005 ordinary | Sale | 14,533 | 5.3329 GBP | ||||
| EUR 0.0005 ordinary | Sale | 15,574 | 5.3519 GBP | ||||
| EUR 0.0005 ordinary | Sale | 17,786 | 5.4000 GBP | ||||
| EUR 0.0005 ordinary | Sale | 19,699 | 5.3402 GBP | ||||
| EUR 0.0005 ordinary | Sale | 28,045 | 5.3510 GBP | ||||
| EUR 0.0005 ordinary | Sale | 28,447 | 5.3191 GBP | ||||
| EUR 0.0005 ordinary | Sale | 34,743 | 5.3301 GBP | ||||
| EUR 0.0005 ordinary | Sale | 36,442 | 5.2145 GBP | ||||
| EUR 0.0005 ordinary | Sale | 40,000 | 5.1339 GBP | ||||
| EUR 0.0005 ordinary | Sale | 42,318 | 5.1990 GBP | ||||
| EUR 0.0005 ordinary | Sale | 54,882 | 5.3155 GBP | ||||
| EUR 0.0005 ordinary | Sale | 60,562 | 5.2185 GBP | ||||
| EUR 0.0005 ordinary | Sale | 61,232 | 5.3478 GBP | ||||
| EUR 0.0005 ordinary | Sale | 78,948 | 5.3520 GBP | ||||
| EUR 0.0005 ordinary | Sale | 87,500 | 5.2794 GBP | ||||
| EUR 0.0005 ordinary | Sale | 138,564 | 5.3711 GBP | ||||
| EUR 0.0005 ordinary | Sale | 199,811 | 5.3196 GBP | ||||
| EUR 0.0005 ordinary | Sale | 342,705 | 4.9500 GBP | ||||
| Convertible Bond | Sale | 400,000 | 133.0000 USD | ||||
| EUR 0.0005 ordinary | Sale | 429,973 | 5.2400 GBP | ||||
| EUR 0.0005 ordinary | Sale | 746,769 | 5.3414 GBP | ||||
| Convertible Bond | Sale | 1,000,000 | 131.0000 USD | ||||
| EUR 0.0005 ordinary | Sale | 2,419,335 | 5.3148 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 | CFD | Long | 421 | 5.2635 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 2,041 | 5.1907 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 2,079 | 5.3016 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 2,680 | 5.2782 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 3,000 | 5.3089 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 3,000 | 5.3427 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 5,000 | 5.2925 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 5,000 | 5.2997 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 5,000 | 5.3012 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 5,000 | 5.3037 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 5,000 | 5.3099 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 5,000 | 5.3111 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 5,000 | 5.3163 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 5,000 | 5.3175 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 5,000 | 5.3200 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 7,000 | 5.3635 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 9,441 | 5.2992 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 10,000 | 5.0523 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 10,000 | 5.0643 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 10,107 | 5.3423 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 11,045 | 5.3537 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 11,680 | 5.3410 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 20,000 | 5.0544 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 24,636 | 5.3251 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 25,000 | 4.9495 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 28,251 | 5.2882 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 28,447 | 5.3191 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 34,867 | 5.1149 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 50,000 | 5.0505 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 50,000 | 5.2300 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 50,000 | 5.3820 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 95,607 | 5.3283 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 109,535 | 5.3395 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 342,705 | 4.9500 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 659,409 | 5.3201 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 24 | 5.3241 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 386 | 5.2884 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 835 | 5.3013 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 1,348 | 5.3163 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 1,527 | 5.3431 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 3,704 | 5.2758 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 5,463 | 5.2696 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 7,029 | 5.2707 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 7,368 | 5.3290 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 8,666 | 5.3353 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 10,205 | 5.3402 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 14,954 | 5.3051 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 22,321 | 5.3277 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 22,393 | 5.3403 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 42,094 | 5.2881 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 49,358 | 5.3001 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 68,689 | 5.3400 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 75,360 | 5.2771 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 135,773 | 5.3504 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 171,798 | 5.3287 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 635,170 | 5.3220 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: | 12 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180612005952/en/
Copyright Business Wire 2018