27 Mar 2019 10:23
Amendment change to section 2(a)
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: | Jefferies International Limited |
(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. |
N/A |
(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: |
N/A |
(e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure |
25th March 2019 |
(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" |
N/A |
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:
| Convertible Bond | |||
| Interests | Short positions | ||
Number | % | Number | % | |
(1) Relevant securities owned and/or controlled: | 12,600,000 | 1.93 | 0 | 0 |
(2) Cash-settled derivatives:
| 2,000,000 | 0.30 | 0 | 0 |
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0 | 0 | 0 |
TOTAL: | 14,600,000 | 2.24 | 0 | 0 |
Class of relevant security:
| EUR 0.0005 ordinary | |||
| Interests | Short positions | ||
Number | % | Number | % | |
(1) Relevant securities owned and/or controlled: | 100,000 | 0.02 | 500,000 | 0.10 |
(2) Cash-settled derivatives:
| 500,000 | 0.10 | 0 | 0 |
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0 | 0 | 0 |
TOTAL: | 600,000 | 0.12 | 500,000 | 0.10 |
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 security | Purchase/sale
| Number of securities | Price per unit |
Convertible bond
Euro 0.0005 ordinary
|
Purchase
Total
Sale
Total
Purchase
Total
Sale
Total |
200,000 4,000,000 4,600,000 400,000 5,000,000 600,000 200,000 2,000,000 20,000,000 2,600,000 3,800,000 12,000,000 1,000,000 7,000,000 3,000,000 200,000 3,000,000
69,600,000
5,000,000 1,200,000 1,000,000 2,400,000 200,000 16,000,000 23,600,000 8,000,000
57,400,000
6,129 9,185 39,305 1,500 7,932 522 4,417 9,690 297 17,613 8,531 35,003 96,703 87,266 10,906 15,874 785 100,000 295 1,609 607 17,096 13,760 40,000 20,000 20,000 5,000 12,500 68,000 12,500 62,500 12,500
738,025
303,956 77,329 26,523 13,043 50,000 60,164 8,079 8,247 5,431 4,175 14,405 6,300 1,654 1,473 432,000 2,875 2,398 8,839 18,182 67,706 3,375 49,757 31,868 10,423 1,328 478 271 68,000 2,456 1,817 8,227 62,500 1,778 5,501 438 4,252 504 27 1,525
1,367,304
|
146.5000 USD 147.7500 USD 148.0000 USD 148.5500 USD 149.5000 USD 149.6000 USD 149.6250 USD 149.7500 USD 149.8750 USD 149.9000 USD 149.9500 USD 150.0000 USD 150.0500 USD 150.2500 USD 150.3750 USD 150.4000 USD 150.5000 USD
148.5000 USD 148.7500 USD 149.0000 USD 149.6250 USD 149.9500 USD 150.0000 USD 150.1250 USD 150.3900 USD
547.6836 GBX 547.7729 GBX 547.8223 GBX 548.0000 GBX 548.2783 GBX 548.4000 GBX 548.4422 GBX 548.4984 GBX 548.7000 GBX 548.7666 GBX 548.8051 GBX 549.0950 GBX 549.0987 GBX 549.1349 GBX 549.1419 GBX 549.1574 GBX 549.3559 GBX 549.5800 GBX 549.8000 GBX 549.9000 GBX 549.9827 GBX 550.0000 GBX 550.1769 GBX 550.9000 GBX 550.9051 GBX 550.9512 GBX 551.0000 GBX 551.4135 GBX 551.8000 GBX 552.3566 GBX 552.7000 GBX 553.1811 GBX
541.0000 GBX 544.0000 GBX 544.0098 GBX 544.0474 GBX 544.2000 GBX 547.9000 GBX 547.9669 GBX 547.9888 GBX 547.9946 GBX 548.0000 GBX 548.0013 GBX 548.0700 GBX 548.0996 GBX 548.4000 GBX 549.0700 GBX 549.4000 GBX 549.4626 GBX 549.4790 GBX 549.5867 GBX 549.6000 GBX 550.4379 GBX 550.9000 GBX 551.0000 GBX 551.4000 GBX 551.4506 GBX 551.5000 GBX 551.6000 GBX 551.8000 GBX 553.2531 GBX 552.3000 GBX 552.4000 GBX 552.7000 GBX 553.0000 GBX 553.1921 GBX 553.2000 GBX 553.2253 GBX 553.3000 GBX 553.4000 GBX 555.0000 GBX |
(b) Cash-settled derivative transactions
Class of relevant security | Product description e.g. CFD | Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position | Number of reference securities | Price per unit |
Euro 0.0005 ordinary | Swap
| Closing a short position | 303,956 | 7.2394 USD |
(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: | 27th March 2019 |
| Contact name: | Zara Watters |
| Telephone number*: | 020 7029 8661 |
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.
*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel's Market Surveillance Unit.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.