27 Jun 2018 07:00
FORM 8.3
Amendment to Sales
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: | 22 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 | ||||
| EUTELSAT COMMUNICATIONS |
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: | 4,146,893 | 0.99% | 6,040,315 | 1.31% | |||||||
| (2) | Cash-settled derivatives: | ||||||||||
| 1,083,011 | 0.23% | 940,058 | 0.20% | ||||||||
| (3) | Stock-settled derivatives (including options) | ||||||||||
| and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||||||
| (4) | |||||||||||
| TOTAL: | 5,674,842 | 1.23% | 6,980,373 | 1.51% | |||||||
| Class of relevant security: | Convertible Bond XS1486508887 | ||||||||||
| Interests | Short Positions | ||||||||||
| Number | (%) | Number | (%) | ||||||||
| (1) | Relevant securities owned | ||||||||||
| and/or controlled: | 8,600,000 | 1.32% | 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: | 8,600,000 | 1.32% | 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 | 317 | 5.9806 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 396 | 6.0624 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 719 | 6.0504 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 780 | 5.6960 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 804 | 6.0604 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,152 | 6.0370 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,162 | 6.0748 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,162 | 5.9890 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,163 | 5.9930 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,164 | 5.9900 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,231 | 5.7460 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,263 | 6.0440 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,410 | 6.0680 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,558 | 5.8170 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,921 | 6.0324 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,990 | 5.4920 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 3,235 | 5.9797 GBP | ||||
| ADR | Purchase | 5,070 | 7.9268 USD | ||||
| EUR 0.0005 ordinary | Purchase | 6,134 | 6.0423 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 6,859 | 5.9532 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 7,725 | 5.8486 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 8,025 | 5.9507 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 8,456 | 5.8135 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 8,803 | 5.4859 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 9,459 | 6.0382 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 9,828 | 6.0597 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 12,224 | 6.0248 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 12,418 | 6.0691 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 12,505 | 6.0136 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 13,859 | 5.4889 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 17,942 | 6.0094 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 18,995 | 5.8368 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 25,791 | 5.8534 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 26,219 | 5.8048 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 43,960 | 6.0229 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 59,552 | 5.9625 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 87,030 | 6.0363 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 123,797 | 5.9411 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 182,829 | 6.0404 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 193,236 | 6.0600 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 223,844 | 5.8546 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 325,000 | 5.9967 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 362,336 | 6.0593 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 369,765 | 5.9516 GBP | ||||
| EUR 0.0005 ordinary | Sale | 500 | 5.9600 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,162 | 6.0748 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,162 | 5.9890 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,163 | 5.9930 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,164 | 5.9900 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,231 | 5.7460 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,263 | 6.0440 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,410 | 6.0680 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,558 | 5.8170 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,697 | 6.0260 GBP | ||||
| EUR 0.0005 ordinary | Sale | 2,373 | 5.7527 GBP | ||||
| EUR 0.0005 ordinary | Sale | 2,592 | 5.8710 GBP | ||||
| EUR 0.0005 ordinary | Sale | 2,884 | 6.0250 GBP | ||||
| EUR 0.0005 ordinary | Sale | 3,173 | 5.9300 GBP | ||||
| EUR 0.0005 ordinary | Sale | 3,238 | 5.9827 GBP | ||||
| ADR | Sale | 5,070 | 7.9268 USD | ||||
| EUR 0.0005 ordinary | Sale | 7,208 | 6.0120 GBP | ||||
| EUR 0.0005 ordinary | Sale | 9,214 | 5.7044 GBP | ||||
| EUR 0.0005 ordinary | Sale | 10,942 | 5.8845 GBP | ||||
| EUR 0.0005 ordinary | Sale | 13,389 | 5.9728 GBP | ||||
| EUR 0.0005 ordinary | Sale | 16,978 | 5.8527 GBP | ||||
| EUR 0.0005 ordinary | Sale | 20,000 | 6.0288 GBP | ||||
| EUR 0.0005 ordinary | Sale | 25,112 | 6.0113 GBP | ||||
| EUR 0.0005 ordinary | Sale | 39,869 | 5.9220 GBP | ||||
| EUR 0.0005 ordinary | Sale | 49,153 | 5.4900 GBP | ||||
| EUR 0.0005 ordinary | Sale | 51,152 | 6.0370 GBP | ||||
| EUR 0.0005 ordinary | Sale | 56,220 | 6.0600 GBP | ||||
| EUR 0.0005 ordinary | Sale | 56,701 | 5.9867 GBP | ||||
| EUR 0.0005 ordinary | Sale | 67,735 | 6.0049 GBP | ||||
| EUR 0.0005 ordinary | Sale | 76,291 | 6.0602 GBP | ||||
| EUR 0.0005 ordinary | Sale | 92,636 | 5.8425 GBP | ||||
| EUR 0.0005 ordinary | Sale | 150,706 | 6.0536 GBP | ||||
| EUR 0.0005 ordinary | Sale | 222,469 | 5.8539 GBP | ||||
| EUR 0.0005 ordinary | Sale | 436,170 | 5.9602 GBP | ||||
| EUR 0.0005 ordinary | Sale | 507,414 | 6.0459 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 | 889 | 6.0400 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 2,592 | 5.8710 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 5,070 | 6.0268 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 9,214 | 5.7044 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 9,547 | 5.9284 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 10,861 | 5.7368 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 12,452 | 5.8120 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 28,930 | 5.9513 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 30,293 | 6.0595 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 39,869 | 5.9219 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 54,661 | 5.9027 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 56,188 | 6.0440 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 56,701 | 5.9868 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 64,225 | 6.0592 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 67,735 | 6.0049 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 182,935 | 5.9624 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 266,595 | 5.9405 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 100 | 5.8785 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 471 | 5.4962 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 500 | 6.0369 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 719 | 6.0504 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 1,676 | 6.0174 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 2,000 | 6.0412 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 5,000 | 5.9859 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 5,000 | 6.0625 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 6,134 | 6.0423 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 7,500 | 6.0005 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 13,000 | 5.9978 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 13,000 | 6.0563 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 14,661 | 6.0319 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 20,000 | 5.9902 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 35,759 | 6.0602 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 59,552 | 5.9625 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 72,817 | 5.8112 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 80,593 | 6.0604 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 137,815 | 5.9546 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 193,236 | 6.0600 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 206,124 | 5.9495 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 325,000 | 5.9967 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: | Femi Badmos | ||
| 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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