3 Jul 2018 15:26
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: | 29 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: | 4,659,111 | 1.05% | 5,961,333 | 1.29% | |||||||
| (2) | Cash-settled derivatives: | ||||||||||
| 630,075 | 0.14% | 794,728 | 0.17% | ||||||||
| (3) | Stock-settled derivatives (including options) | ||||||||||
| and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||||||
| (4) | |||||||||||
| TOTAL: | 5,289,186 | 1.19% | 6,756,061 | 1.46% | |||||||
| 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% | |||||||
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 | 3 | 5.4480 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 320 | 5.4660 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 841 | 5.4620 GBP | ||||
| ADR | Purchase | 900 | 7.2100 USD | ||||
| EUR 0.0005 ordinary | Purchase | 933 | 5.4610 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,257 | 5.4747 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,682 | 5.4520 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,766 | 5.4394 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,766 | 5.4400 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 3,101 | 5.5023 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 4,577 | 5.4750 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 4,646 | 5.4702 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 5,000 | 5.5040 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 13,658 | 5.4908 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 20,534 | 5.5000 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 31,556 | 5.4633 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 32,458 | 5.4909 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 33,261 | 5.4525 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 44,430 | 5.4939 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 48,304 | 5.4997 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 83,331 | 5.4514 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 149,150 | 5.4505 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 334,795 | 5.4628 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 680,065 | 5.4845 GBP | ||||
| EUR 0.0005 ordinary | Sale | 3 | 5.4480 GBP | ||||
| EUR 0.0005 ordinary | Sale | 201 | 5.4700 GBP | ||||
| EUR 0.0005 ordinary | Sale | 300 | 5.5140 GBP | ||||
| EUR 0.0005 ordinary | Sale | 841 | 5.4620 GBP | ||||
| EUR 0.0005 ordinary | Sale | 875 | 5.4678 GBP | ||||
| ADR | Sale | 900 | 7.2100 USD | ||||
| EUR 0.0005 ordinary | Sale | 933 | 5.4610 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,682 | 5.4520 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,766 | 5.4400 GBP | ||||
| EUR 0.0005 ordinary | Sale | 2,001 | 5.4661 GBP | ||||
| EUR 0.0005 ordinary | Sale | 4,414 | 5.4653 GBP | ||||
| EUR 0.0005 ordinary | Sale | 4,577 | 5.4750 GBP | ||||
| EUR 0.0005 ordinary | Sale | 4,642 | 5.4573 GBP | ||||
| EUR 0.0005 ordinary | Sale | 5,000 | 5.4660 GBP | ||||
| EUR 0.0005 ordinary | Sale | 6,734 | 5.4651 GBP | ||||
| EUR 0.0005 ordinary | Sale | 10,155 | 5.4837 GBP | ||||
| EUR 0.0005 ordinary | Sale | 14,392 | 5.4581 GBP | ||||
| EUR 0.0005 ordinary | Sale | 16,775 | 5.4996 GBP | ||||
| EUR 0.0005 ordinary | Sale | 20,534 | 5.5000 GBP | ||||
| EUR 0.0005 ordinary | Sale | 31,414 | 5.5002 GBP | ||||
| EUR 0.0005 ordinary | Sale | 51,755 | 5.4775 GBP | ||||
| EUR 0.0005 ordinary | Sale | 53,706 | 5.5001 GBP | ||||
| EUR 0.0005 ordinary | Sale | 97,808 | 5.4745 GBP | ||||
| EUR 0.0005 ordinary | Sale | 134,235 | 5.4763 GBP | ||||
| EUR 0.0005 ordinary | Sale | 184,373 | 5.4905 GBP | ||||
| EUR 0.0005 ordinary | Sale | 522,995 | 5.4982 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,285,824 | 5.4724 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 | 300 | 5.5160 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 603 | 5.4667 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 1,300 | 5.5056 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 1,675 | 5.4652 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 4,642 | 5.4573 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 5,059 | 5.4651 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 10,155 | 5.4837 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 16,775 | 5.4996 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 18,036 | 5.4796 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 55,944 | 5.4778 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 97,808 | 5.4745 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 134,235 | 5.4763 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 184,373 | 5.4906 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 464,108 | 5.4995 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 475 | 5.5100 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 900 | 5.4264 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 3,101 | 5.5023 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 4,646 | 5.4702 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 5,761 | 5.4748 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 6,682 | 5.4819 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 8,336 | 5.4869 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 15,266 | 5.5097 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 18,289 | 5.4851 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 31,556 | 5.4633 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 Jul 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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