3 Jul 2018 12:53
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 interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. | ||
| (c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | INMARSAT PLC | |
| (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: For an opening position disclosure, state the latest practicable date prior to the disclosure | 02 JULY 2018 | |
| (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state “N/A” | YES 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: | 4,649,853 | 1.01% | 6,266,776 | 1.36% | |||||||
| (2) | Cash-settled derivatives: | ||||||||||
| 648,069 | 0.14% | 210,761 | 0.05% | ||||||||
| (3) | Stock-settled derivatives (including options) | ||||||||||
| and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||||||
| (4) | |||||||||||
| TOTAL: | 5,297,922 | 1.15% | 6,477,537 | 1.40% | |||||||
| Class of relevant security: | Convertible Bond XS1486508887 | ||||||||||
| Interests | Short Positions | ||||||||||
| Number | (%) | Number | (%) | ||||||||
| (1) | Relevant securities owned | ||||||||||
| and/or controlled: | 8,200,000 | 1.26% | 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: | 8,200,000 | 1.26% | 0 | 0.00% | |||||||
| 0 |
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 | 12 | 5.4626 GBP | ||||||
| EUR 0.0005 ordinary | Purchase | 203 | 5.4539 GBP | ||||||
| EUR 0.0005 ordinary | Purchase | 572 | 5.4730 GBP | ||||||
| EUR 0.0005 ordinary | Purchase | 830 | 5.4629 GBP | ||||||
| EUR 0.0005 ordinary | Purchase | 841 | 5.4370 GBP | ||||||
| EUR 0.0005 ordinary | Purchase | 841 | 5.4560 GBP | ||||||
| EUR 0.0005 ordinary | Purchase | 841 | 5.4520 GBP | ||||||
| EUR 0.0005 ordinary | Purchase | 987 | 5.4699 GBP | ||||||
| EUR 0.0005 ordinary | Purchase | 1,017 | 5.4294 GBP | ||||||
| EUR 0.0005 ordinary | Purchase | 1,304 | 5.4530 GBP | ||||||
| EUR 0.0005 ordinary | Purchase | 1,923 | 5.4540 GBP | ||||||
| EUR 0.0005 ordinary | Purchase | 2,540 | 5.4462 GBP | ||||||
| EUR 0.0005 ordinary | Purchase | 2,841 | 5.4515 GBP | ||||||
| EUR 0.0005 ordinary | Purchase | 3,625 | 5.4721 GBP | ||||||
| EUR 0.0005 ordinary | Purchase | 3,878 | 5.4464 GBP | ||||||
| EUR 0.0005 ordinary | Purchase | 4,757 | 5.4468 GBP | ||||||
| EUR 0.0005 ordinary | Purchase | 5,344 | 5.4491 GBP | ||||||
| EUR 0.0005 ordinary | Purchase | 5,435 | 5.4440 GBP | ||||||
| EUR 0.0005 ordinary | Purchase | 5,965 | 5.4510 GBP | ||||||
| EUR 0.0005 ordinary | Purchase | 7,000 | 5.4973 GBP | ||||||
| EUR 0.0005 ordinary | Purchase | 7,788 | 5.4500 GBP | ||||||
| EUR 0.0005 ordinary | Purchase | 8,051 | 5.5307 GBP | ||||||
| EUR 0.0005 ordinary | Purchase | 27,050 | 5.4582 GBP | ||||||
| EUR 0.0005 ordinary | Purchase | 28,723 | 5.4567 GBP | ||||||
| EUR 0.0005 ordinary | Purchase | 30,000 | 5.4556 GBP | ||||||
| EUR 0.0005 ordinary | Purchase | 31,155 | 5.4437 GBP | ||||||
| EUR 0.0005 ordinary | Purchase | 68,512 | 5.4693 GBP | ||||||
| EUR 0.0005 ordinary | Purchase | 84,770 | 5.4465 GBP | ||||||
| EUR 0.0005 ordinary | Purchase | 140,123 | 5.4610 GBP | ||||||
| EUR 0.0005 ordinary | Sale | 67 | 5.5060 GBP | ||||||
| EUR 0.0005 ordinary | Sale | 310 | 5.5420 GBP | ||||||
| EUR 0.0005 ordinary | Sale | 345 | 5.5340 GBP | ||||||
| EUR 0.0005 ordinary | Sale | 621 | 5.4436 GBP | ||||||
| EUR 0.0005 ordinary | Sale | 841 | 5.4370 GBP | ||||||
| EUR 0.0005 ordinary | Sale | 841 | 5.4560 GBP | ||||||
| EUR 0.0005 ordinary | Sale | 841 | 5.4520 GBP | ||||||
| EUR 0.0005 ordinary | Sale | 842 | 5.4635 GBP | ||||||
| EUR 0.0005 ordinary | Sale | 872 | 5.4435 GBP | ||||||
| EUR 0.0005 ordinary | Sale | 911 | 5.4961 GBP | ||||||
| EUR 0.0005 ordinary | Sale | 932 | 5.4782 GBP | ||||||
| EUR 0.0005 ordinary | Sale | 1,094 | 5.4987 GBP | ||||||
| EUR 0.0005 ordinary | Sale | 1,304 | 5.4530 GBP | ||||||
| EUR 0.0005 ordinary | Sale | 1,363 | 5.4742 GBP | ||||||
| EUR 0.0005 ordinary | Sale | 1,442 | 5.5217 GBP | ||||||
| EUR 0.0005 ordinary | Sale | 1,923 | 5.4540 GBP | ||||||
| EUR 0.0005 ordinary | Sale | 2,736 | 5.4486 GBP | ||||||
| EUR 0.0005 ordinary | Sale | 3,412 | 5.4551 GBP | ||||||
| EUR 0.0005 ordinary | Sale | 3,677 | 5.4847 GBP | ||||||
| EUR 0.0005 ordinary | Sale | 4,458 | 5.4440 GBP | ||||||
| EUR 0.0005 ordinary | Sale | 4,793 | 5.4510 GBP | ||||||
| EUR 0.0005 ordinary | Sale | 6,000 | 5.4324 GBP | ||||||
| EUR 0.0005 ordinary | Sale | 6,049 | 5.4649 GBP | ||||||
| EUR 0.0005 ordinary | Sale | 7,630 | 5.4655 GBP | ||||||
| EUR 0.0005 ordinary | Sale | 7,788 | 5.4500 GBP | ||||||
| EUR 0.0005 ordinary | Sale | 8,459 | 5.5003 GBP | ||||||
| EUR 0.0005 ordinary | Sale | 10,224 | 5.4902 GBP | ||||||
| EUR 0.0005 ordinary | Sale | 11,359 | 5.4763 GBP | ||||||
| EUR 0.0005 ordinary | Sale | 15,958 | 5.4642 GBP | ||||||
| EUR 0.0005 ordinary | Sale | 27,839 | 5.4652 GBP | ||||||
| EUR 0.0005 ordinary | Sale | 30,368 | 5.5009 GBP | ||||||
| EUR 0.0005 ordinary | Sale | 42,842 | 5.5131 GBP | ||||||
| EUR 0.0005 ordinary | Sale | 59,518 | 5.4521 GBP | ||||||
| EUR 0.0005 ordinary | Sale | 82,598 | 5.4839 GBP | ||||||
| EUR 0.0005 ordinary | Sale | 123,674 | 5.4611 GBP | ||||||
| EUR 0.0005 ordinary | Sale | 149,898 | 5.4670 GBP | ||||||
| EUR 0.0005 ordinary | Sale | 167,800 | 5.5158 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 | 21 | 5.4638 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 161 | 5.4781 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 387 | 5.4500 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 621 | 5.4436 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 640 | 5.4485 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 771 | 5.4782 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 872 | 5.4435 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 933 | 5.5019 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 1,231 | 5.5347 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 2,096 | 5.4486 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 3,418 | 5.4440 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 4,355 | 5.4891 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 4,650 | 5.5162 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 6,462 | 5.5132 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 7,630 | 5.4655 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 10,224 | 5.4902 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 10,277 | 5.4451 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 11,359 | 5.4763 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 15,958 | 5.4642 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 42,009 | 5.4982 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 42,842 | 5.5131 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 46,511 | 5.4779 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 149,898 | 5.4670 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 167,800 | 5.5158 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 513 | 5.4961 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 572 | 5.4730 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 922 | 5.4909 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 1,172 | 5.4510 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 2,766 | 5.4491 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 2,905 | 5.4440 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 3,679 | 5.4444 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 3,687 | 5.4615 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 6,021 | 5.4937 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 7,678 | 5.4533 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 9,462 | 5.4561 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 34,712 | 5.4515 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 34,712 | 5.4515 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 39,449 | 5.4806 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: | 3 JULY 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 and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk. 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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