5 Jul 2018 17:08
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: | 04 July 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: | 4,430,234 | 0.96% | 5,574,459 | 1.21% | |||||||
| (2) | Cash-settled derivatives: | ||||||||||
| 231,966 | 0.05% | 174,370 | 0.04% | ||||||||
| (3) | Stock-settled derivatives (including options) | ||||||||||
| and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||||||
| (4) | |||||||||||
| TOTAL: | 4,662,200 | 1.01% | 5,748,829 | 1.25% | |||||||
| Class of relevant security: | Convertible Bond XS1486508887 | ||||||||||
| Interests | Short Positions | ||||||||||
| Number | (%) | Number | (%) | ||||||||
| (1) | Relevant securities owned | ||||||||||
| and/or controlled: | 7,800,000 | 1.20% | 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: | 7,800,000 | 1.20% | 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 | 500 | 5.2960 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 500 | 5.2592 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,893 | 5.2860 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,914 | 5.3151 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 4,132 | 5.2787 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 6,454 | 5.2893 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 7,437 | 5.3232 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 9,000 | 5.2191 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 18,171 | 5.2357 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 32,577 | 5.3016 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 42,824 | 5.2568 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 43,865 | 5.1656 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 71,127 | 5.2360 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 122,979 | 5.2997 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 468,375 | 5.2627 GBP | ||||
| EUR 0.0005 ordinary | Sale | 216 | 5.3092 GBP | ||||
| EUR 0.0005 ordinary | Sale | 788 | 5.2833 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,066 | 5.3165 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,455 | 5.2356 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,809 | 5.2789 GBP | ||||
| EUR 0.0005 ordinary | Sale | 3,836 | 5.2794 GBP | ||||
| EUR 0.0005 ordinary | Sale | 3,983 | 5.3187 GBP | ||||
| EUR 0.0005 ordinary | Sale | 4,292 | 5.1639 GBP | ||||
| EUR 0.0005 ordinary | Sale | 7,832 | 5.1620 GBP | ||||
| EUR 0.0005 ordinary | Sale | 10,357 | 5.1676 GBP | ||||
| EUR 0.0005 ordinary | Sale | 10,735 | 5.2897 GBP | ||||
| EUR 0.0005 ordinary | Sale | 11,510 | 5.2745 GBP | ||||
| EUR 0.0005 ordinary | Sale | 13,337 | 5.2424 GBP | ||||
| EUR 0.0005 ordinary | Sale | 13,533 | 5.3110 GBP | ||||
| EUR 0.0005 ordinary | Sale | 35,873 | 5.3311 GBP | ||||
| EUR 0.0005 ordinary | Sale | 52,536 | 5.2830 GBP | ||||
| EUR 0.0005 ordinary | Sale | 76,652 | 5.2937 GBP | ||||
| EUR 0.0005 ordinary | Sale | 82,023 | 5.1905 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 | 694 | 5.2370 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 1,277 | 5.2595 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 1,455 | 5.2356 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 1,548 | 5.1226 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 1,809 | 5.2789 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 5,378 | 5.2936 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 8,968 | 5.2357 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 10,735 | 5.2897 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 22,289 | 5.2823 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 24,000 | 5.1465 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 30,684 | 5.2717 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 35,873 | 5.3311 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 82,664 | 5.2990 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 900 | 5.3073 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 2,000 | 5.1300 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 2,336 | 5.2749 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 3,200 | 5.2631 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 4,132 | 5.2787 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 5,495 | 5.2826 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 6,454 | 5.2893 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 14,285 | 5.2776 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 32,577 | 5.3016 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 35,904 | 5.2691 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 41,224 | 5.2360 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 103,727 | 5.3072 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 182,264 | 5.2364 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 285,084 | 5.2808 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: | 5 Jul 2018 | ||
| Contact name: | Femi Badmos | ||
| Telephone number: | 020 3555 1125 |
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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