28 Jun 2018 14:26
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: | 27 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: | 5,090,038 | 1.10% | 5,388,889 | 1.17% | |||||||
| (2) | Cash-settled derivatives: | ||||||||||
| 690,462 | 0.15% | 1,480,393 | 0.32% | ||||||||
| (3) | Stock-settled derivatives (including options) | ||||||||||
| and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||||||
| (4) | |||||||||||
| TOTAL: | 5,780,500 | 1.25% | 6,869,282 | 1.49% | |||||||
| 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 | 81 | 5.4180 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 841 | 5.4670 GBP | ||||
| ADR | Purchase | 900 | 7.2711 USD | ||||
| EUR 0.0005 ordinary | Purchase | 954 | 5.6013 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,100 | 5.4652 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,218 | 5.4640 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,339 | 5.4742 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 2,441 | 5.4512 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 4,000 | 5.5194 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 10,000 | 5.5511 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 10,892 | 5.5292 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 10,915 | 5.5478 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 11,867 | 5.5497 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 23,647 | 5.5093 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 34,600 | 5.4625 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 48,145 | 5.5309 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 75,000 | 5.4712 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 100,712 | 5.5092 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 122,277 | 5.5500 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 207,249 | 5.5193 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 274,204 | 5.5385 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 840,000 | 5.5669 GBP | ||||
| Convertible Bond | Purchase | 1,400,000 | 139.0500 USD | ||||
| EUR 0.0005 ordinary | Sale | 309 | 5.6115 GBP | ||||
| EUR 0.0005 ordinary | Sale | 800 | 5.5537 GBP | ||||
| ADR | Sale | 900 | 7.2711 USD | ||||
| EUR 0.0005 ordinary | Sale | 1,218 | 5.4640 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,223 | 5.4395 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,639 | 5.4693 GBP | ||||
| EUR 0.0005 ordinary | Sale | 2,059 | 5.4652 GBP | ||||
| EUR 0.0005 ordinary | Sale | 4,117 | 5.5500 GBP | ||||
| EUR 0.0005 ordinary | Sale | 4,263 | 5.4440 GBP | ||||
| EUR 0.0005 ordinary | Sale | 8,254 | 5.5502 GBP | ||||
| EUR 0.0005 ordinary | Sale | 9,864 | 5.5176 GBP | ||||
| EUR 0.0005 ordinary | Sale | 10,083 | 5.5737 GBP | ||||
| EUR 0.0005 ordinary | Sale | 11,351 | 5.5452 GBP | ||||
| EUR 0.0005 ordinary | Sale | 11,468 | 5.5371 GBP | ||||
| EUR 0.0005 ordinary | Sale | 14,281 | 5.5156 GBP | ||||
| EUR 0.0005 ordinary | Sale | 23,118 | 5.5055 GBP | ||||
| EUR 0.0005 ordinary | Sale | 28,868 | 5.4977 GBP | ||||
| EUR 0.0005 ordinary | Sale | 33,227 | 5.5034 GBP | ||||
| EUR 0.0005 ordinary | Sale | 60,965 | 5.5268 GBP | ||||
| EUR 0.0005 ordinary | Sale | 64,865 | 5.5496 GBP | ||||
| EUR 0.0005 ordinary | Sale | 116,363 | 5.5357 GBP | ||||
| EUR 0.0005 ordinary | Sale | 141,180 | 5.5000 GBP | ||||
| EUR 0.0005 ordinary | Sale | 235,000 | 5.5665 GBP | ||||
| EUR 0.0005 ordinary | Sale | 409,976 | 5.5470 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 | CFD | Long | 309 | 5.6115 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 1,639 | 5.4693 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 3,749 | 5.4928 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 5,750 | 5.5500 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 5,850 | 5.5674 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 9,764 | 5.5113 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 9,864 | 5.5176 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 10,083 | 5.5737 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 11,417 | 5.5386 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 60,965 | 5.5269 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 79,083 | 5.5326 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 83,733 | 5.5532 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 900 | 5.4736 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 954 | 5.6013 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 1,339 | 5.4742 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 2,742 | 5.5374 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 3,548 | 5.4790 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 4,544 | 5.5503 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 5,815 | 5.4503 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 7,404 | 5.4867 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 19,103 | 5.4996 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 34,600 | 5.4625 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 73,174 | 5.5366 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 73,947 | 5.5226 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 86,044 | 5.5500 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 169,553 | 5.5504 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 207,249 | 5.5193 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: | 28 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.
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