21 Jun 2018 12:43
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: | 20 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: | 4,582,724 | 0.99% | 6,225,441 | 1.35% | |||||||
| (2) | Cash-settled derivatives: | ||||||||||
| 1,240,952 | 0.27% | 835,551 | 0.18% | ||||||||
| (3) | Stock-settled derivatives (including options) | ||||||||||
| and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||||||
| (4) | |||||||||||
| TOTAL: | 5,823,676 | 1.26% | 7,060,992 | 1.53% | |||||||
| 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 | 57 | 5.4044 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 554 | 5.4158 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 788 | 5.4313 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,043 | 5.3890 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,209 | 5.4172 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,220 | 5.4690 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,239 | 5.4280 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,242 | 5.4170 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,254 | 5.4470 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,258 | 5.4260 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,260 | 5.4298 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,274 | 5.3720 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,310 | 5.4180 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,326 | 5.4230 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,339 | 5.4320 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,352 | 5.3900 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,406 | 5.4164 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 2,041 | 5.4252 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 2,419 | 5.4500 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 2,707 | 5.3790 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 2,956 | 5.4383 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 3,360 | 5.4167 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 4,881 | 5.4325 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 7,246 | 5.4618 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 13,727 | 5.4174 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 14,941 | 5.4319 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 15,000 | 5.4240 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 16,280 | 5.4145 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 23,074 | 5.4186 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 28,059 | 5.4078 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 65,068 | 5.4400 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 66,230 | 5.4357 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 78,753 | 5.4289 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 85,315 | 5.4475 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 90,000 | 5.4232 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 95,829 | 5.4274 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 174,141 | 5.4358 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 234,036 | 5.4375 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 375,000 | 5.4467 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 500,737 | 5.4101 GBP | ||||
| EUR 0.0005 ordinary | Sale | 368 | 5.4200 GBP | ||||
| EUR 0.0005 ordinary | Sale | 788 | 5.4313 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,220 | 5.4690 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,239 | 5.4280 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,242 | 5.4170 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,254 | 5.4470 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,274 | 5.3720 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,310 | 5.4180 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,326 | 5.4230 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,332 | 5.4500 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,339 | 5.4320 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,352 | 5.3900 GBP | ||||
| EUR 0.0005 ordinary | Sale | 2,247 | 5.4162 GBP | ||||
| EUR 0.0005 ordinary | Sale | 2,609 | 5.4407 GBP | ||||
| EUR 0.0005 ordinary | Sale | 2,707 | 5.4240 GBP | ||||
| EUR 0.0005 ordinary | Sale | 2,707 | 5.3790 GBP | ||||
| EUR 0.0005 ordinary | Sale | 3,499 | 5.4168 GBP | ||||
| EUR 0.0005 ordinary | Sale | 5,182 | 5.4252 GBP | ||||
| EUR 0.0005 ordinary | Sale | 5,387 | 5.4241 GBP | ||||
| EUR 0.0005 ordinary | Sale | 7,018 | 5.4082 GBP | ||||
| EUR 0.0005 ordinary | Sale | 14,085 | 5.4132 GBP | ||||
| EUR 0.0005 ordinary | Sale | 17,443 | 5.4322 GBP | ||||
| EUR 0.0005 ordinary | Sale | 28,651 | 5.4173 GBP | ||||
| EUR 0.0005 ordinary | Sale | 32,100 | 5.4269 GBP | ||||
| EUR 0.0005 ordinary | Sale | 36,112 | 5.4382 GBP | ||||
| EUR 0.0005 ordinary | Sale | 60,678 | 5.4302 GBP | ||||
| EUR 0.0005 ordinary | Sale | 134,109 | 5.4253 GBP | ||||
| EUR 0.0005 ordinary | Sale | 148,747 | 5.4260 GBP | ||||
| EUR 0.0005 ordinary | Sale | 214,832 | 5.4380 GBP | ||||
| EUR 0.0005 ordinary | Sale | 904,383 | 5.4264 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 | 2,596 | 5.4526 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 2,967 | 5.4180 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 7,018 | 5.4083 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 7,950 | 5.4486 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 14,085 | 5.4132 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 15,301 | 5.4266 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 16,289 | 5.4285 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 28,651 | 5.4173 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 47,703 | 5.4273 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 60,678 | 5.4302 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 74,487 | 5.4246 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 46 | 5.4121 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 57 | 5.4045 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 280 | 5.4282 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 915 | 5.4162 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 1,260 | 5.4298 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 2,956 | 5.4383 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 3,260 | 5.4457 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 5,700 | 5.4487 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 6,000 | 5.4491 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 7,246 | 5.4618 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 7,259 | 5.4263 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 14,941 | 5.4319 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 23,074 | 5.4186 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 47,651 | 5.4261 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 53,013 | 5.4305 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 65,068 | 5.4400 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 84,400 | 5.4479 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 130,435 | 5.4401 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: | 21 Jun 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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