26 Jun 2018 14:37
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: | 25 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: | 4,867,914 | 1.05% | 6,012,375 | 1.30% | |||||||
| (2) | Cash-settled derivatives: | ||||||||||
| 982,603 | 0.21% | 1,118,216 | 0.24% | ||||||||
| (3) | Stock-settled derivatives (including options) | ||||||||||
| and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||||||
| (4) | |||||||||||
| TOTAL: | 5,850,517 | 1.27% | 7,130,591 | 1.54% | |||||||
| Class of relevant security: | Convertible Bond XS1486508887 | ||||||||||
| Interests | Short Positions | ||||||||||
| Number | (%) | Number | (%) | ||||||||
| (1) | Relevant securities owned | ||||||||||
| and/or controlled: | 8,600,000 | 1.32% | 1,000,000 | 0.15% | |||||||
| (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% | 1,000,000 | 0.15% | |||||||
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 | 218 | 6.1318 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 782 | 6.3288 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 841 | 6.3120 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 841 | 6.2650 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 841 | 6.2710 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 841 | 6.2550 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,034 | 6.3317 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,056 | 6.3190 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,085 | 6.2910 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,113 | 6.0332 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,165 | 5.9790 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,227 | 6.2440 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,290 | 6.2620 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,323 | 5.9940 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,344 | 6.1830 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,504 | 6.3224 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,507 | 6.1570 GBP | ||||
| ADR | Purchase | 1,530 | 8.4524 USD | ||||
| EUR 0.0005 ordinary | Purchase | 1,542 | 6.1320 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,585 | 5.9457 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,848 | 6.2510 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,850 | 6.2540 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,881 | 6.2295 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 2,209 | 6.1987 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 2,906 | 6.3247 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 3,407 | 6.3722 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 3,422 | 6.3198 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 4,308 | 6.3220 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 4,575 | 6.1372 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 7,325 | 6.2500 GBP | ||||
| ADR | Purchase | 7,831 | 8.2802 USD | ||||
| EUR 0.0005 ordinary | Purchase | 9,222 | 6.0035 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 10,000 | 6.2995 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 12,775 | 6.0613 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 14,802 | 6.3275 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 16,760 | 6.2124 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 25,557 | 6.2685 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 50,000 | 5.9854 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 70,681 | 6.1768 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 83,524 | 6.3082 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 84,973 | 6.2524 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 98,284 | 6.3227 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 115,505 | 6.1710 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 146,493 | 6.0000 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 147,416 | 6.1862 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 149,150 | 6.2590 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 267,207 | 6.1896 GBP | ||||
| EUR 0.0005 ordinary | Sale | 200 | 6.0560 GBP | ||||
| EUR 0.0005 ordinary | Sale | 354 | 6.0770 GBP | ||||
| EUR 0.0005 ordinary | Sale | 841 | 6.3120 GBP | ||||
| EUR 0.0005 ordinary | Sale | 841 | 6.2550 GBP | ||||
| EUR 0.0005 ordinary | Sale | 841 | 6.2650 GBP | ||||
| EUR 0.0005 ordinary | Sale | 841 | 6.2710 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,000 | 6.3040 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,056 | 6.3190 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,074 | 5.9880 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,085 | 6.2910 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,165 | 5.9790 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,227 | 6.2440 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,290 | 6.2620 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,344 | 6.1830 GBP | ||||
| ADR | Sale | 1,530 | 8.4524 USD | ||||
| EUR 0.0005 ordinary | Sale | 1,848 | 6.2510 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,850 | 6.2540 GBP | ||||
| EUR 0.0005 ordinary | Sale | 2,276 | 5.9524 GBP | ||||
| EUR 0.0005 ordinary | Sale | 2,601 | 6.1690 GBP | ||||
| EUR 0.0005 ordinary | Sale | 3,068 | 6.3213 GBP | ||||
| EUR 0.0005 ordinary | Sale | 3,382 | 6.2576 GBP | ||||
| EUR 0.0005 ordinary | Sale | 5,034 | 6.2300 GBP | ||||
| EUR 0.0005 ordinary | Sale | 5,948 | 6.3200 GBP | ||||
| EUR 0.0005 ordinary | Sale | 7,188 | 6.1566 GBP | ||||
| ADR | Sale | 7,831 | 8.2802 USD | ||||
| EUR 0.0005 ordinary | Sale | 9,466 | 6.2247 GBP | ||||
| EUR 0.0005 ordinary | Sale | 10,515 | 6.2296 GBP | ||||
| EUR 0.0005 ordinary | Sale | 12,273 | 6.2662 GBP | ||||
| EUR 0.0005 ordinary | Sale | 12,300 | 6.1945 GBP | ||||
| EUR 0.0005 ordinary | Sale | 15,936 | 6.2699 GBP | ||||
| EUR 0.0005 ordinary | Sale | 17,644 | 6.1989 GBP | ||||
| EUR 0.0005 ordinary | Sale | 21,664 | 5.9872 GBP | ||||
| EUR 0.0005 ordinary | Sale | 31,396 | 6.1882 GBP | ||||
| EUR 0.0005 ordinary | Sale | 46,140 | 6.3012 GBP | ||||
| EUR 0.0005 ordinary | Sale | 46,726 | 6.2527 GBP | ||||
| EUR 0.0005 ordinary | Sale | 56,108 | 6.2488 GBP | ||||
| EUR 0.0005 ordinary | Sale | 58,285 | 6.2102 GBP | ||||
| EUR 0.0005 ordinary | Sale | 122,844 | 6.1650 GBP | ||||
| EUR 0.0005 ordinary | Sale | 146,493 | 6.0000 GBP | ||||
| EUR 0.0005 ordinary | Sale | 178,834 | 6.2119 GBP | ||||
| EUR 0.0005 ordinary | Sale | 220,218 | 6.0660 GBP | ||||
| Convertible Bond | Sale | 1,000,000 | 160.0000 USD |
(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 | CFD | Long | 101 | 6.3454 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 1,500 | 6.0389 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 2,276 | 5.9525 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 2,601 | 6.1690 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 3,068 | 6.3213 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 3,600 | 6.0489 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 3,617 | 6.3096 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 4,260 | 6.3313 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 5,566 | 6.3217 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 5,948 | 6.3200 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 6,250 | 6.2141 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 6,250 | 6.2394 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 7,188 | 6.1566 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 7,778 | 6.0953 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 7,831 | 6.2960 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 9,999 | 6.2317 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 10,000 | 6.2506 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 10,527 | 6.0399 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 12,300 | 6.1945 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 12,500 | 6.2114 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 21,664 | 5.9872 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 22,294 | 5.9812 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 23,167 | 6.3184 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 25,000 | 6.3129 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 69,727 | 6.3134 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 130,425 | 6.2222 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 91 | 6.1986 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 300 | 6.2967 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 672 | 6.0275 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 1,504 | 6.3224 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 1,530 | 6.3391 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 1,695 | 6.3220 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 2,118 | 6.1987 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 2,500 | 5.9904 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 3,403 | 6.2133 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 3,422 | 6.3198 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 9,222 | 6.0035 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 10,000 | 5.9405 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 10,397 | 6.1008 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 11,400 | 6.0846 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 25,557 | 6.2685 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 83,524 | 6.3082 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 86,368 | 6.1585 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 115,505 | 6.1710 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 116,455 | 6.2223 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 208,340 | 6.1957 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: | 26 Jun 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180626006001/en/
Copyright Business Wire 2018