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Form 8.3 - Inmarsat PLC

21 Mar 2019 15:00

RNS Number : 6264T
Citadel Group
21 March 2019
 

 

 

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:

Citadel Group

(b) Owner or controller of interests and short positions

disclosed, if different from 1(a):

The naming of nominee or vehicle companies is

insufficient. For a trust, the trustee(s), settlor and

beneficiaries must be named.

(c) Name of offeror/offeree in relation to whose relevant

securities this form relates:

Use a separate form for each offeror/offeree

INMARSAT PLC

(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:

For an opening position disclosure, state the latest

practicable date prior to the disclosure

20 March, 2019

(f) In addition to the company in 1(c) above, is the

discloser making disclosures in respect of any other

party to the offer?

If it is a cash offer or possible cash offer, state "N/A"

N/A

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:

Convertible Bond ISIN XS1486508887

Interests

Short Positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

0

0.00

0

0.00

(2) Cash-settled derivatives:

8,000,000

1.23

0

0.00

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

0

0.00

0

0.00

TOTAL:

8,000,000

1.23

0

0.00

Class of relevant security:

Common Stock ISIN GB00B09LSH68

Interests

Short Positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

0

0.00

4,974

0.00

(2) Cash-settled derivatives:

308,738

0.07

1,475

0.00

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

0

0.00

0

0.00

TOTAL:

308,738

0.07

6,449

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 security

ISIN GB00B09LSH68

Purchase/sale

Number of securities

Price per unit

Common Stock

Purchase

300

5.006 GBP

Common Stock

Purchase

700

5.032 GBP

Common Stock

Purchase

750

5.034 GBP

Common Stock

Purchase

3

5.036 GBP

Common Stock

Purchase

3,822

5.04 GBP

Common Stock

Purchase

700

5.048 GBP

Common Stock

Purchase

9,258

5.05 GBP

Common Stock

Purchase

8,623

5.051 GBP

Common Stock

Purchase

3,535

5.052 GBP

Common Stock

Purchase

7,948

5.053 GBP

Common Stock

Purchase

14,073

5.054 GBP

Common Stock

Purchase

3,205

5.056 GBP

Common Stock

Purchase

8

5.057 GBP

Common Stock

Purchase

6,115

5.058 GBP

Common Stock

Purchase

30,008

5.06 GBP

Common Stock

Purchase

1,160

5.062 GBP

Common Stock

Purchase

521

5.064 GBP

Common Stock

Purchase

330

5.066 GBP

Common Stock

Purchase

1,148

5.067 GBP

Common Stock

Purchase

500

5.068 GBP

Common Stock

Purchase

2,550

5.069 GBP

Common Stock

Purchase

8,550

5.07 GBP

Common Stock

Purchase

1,087

5.072 GBP

Common Stock

Purchase

568

5.074 GBP

Common Stock

Purchase

2,899

5.076 GBP

Common Stock

Purchase

278

5.078 GBP

Common Stock

Purchase

22,860

5.08 GBP

Common Stock

Purchase

4,154

5.081 GBP

Common Stock

Purchase

3,318

5.082 GBP

Common Stock

Purchase

1,783

5.084 GBP

Common Stock

Purchase

261

5.086 GBP

Common Stock

Purchase

1,091

5.088 GBP

Common Stock

Purchase

199

5.09 GBP

Common Stock

Purchase

3,919

5.092 GBP

Common Stock

Purchase

13,342

5.094 GBP

Common Stock

Purchase

102,507

5.096 GBP

Common Stock

Purchase

17,534

5.098 GBP

Common Stock

Purchase

159,008

5.1 GBP

Common Stock

Purchase

64,324

5.101 GBP

Common Stock

Purchase

62,881

5.102 GBP

Common Stock

Purchase

4,183

5.103 GBP

Common Stock

Purchase

95,186

5.104 GBP

Common Stock

Purchase

17,030

5.105 GBP

Common Stock

Purchase

9,888

5.106 GBP

Common Stock

Purchase

4,214

5.107 GBP

Common Stock

Purchase

17,963

5.108 GBP

Common Stock

Purchase

16,485

5.109 GBP

Common Stock

Purchase

83,767

5.11 GBP

Common Stock

Purchase

12,997

5.111 GBP

Common Stock

Purchase

28,234

5.112 GBP

Common Stock

Purchase

8,789

5.113 GBP

Common Stock

Purchase

23,800

5.114 GBP

Common Stock

Purchase

424

5.115 GBP

Common Stock

Purchase

11,253

5.116 GBP

Common Stock

Purchase

2,622

5.117 GBP

Common Stock

Purchase

12,855

5.118 GBP

Common Stock

Purchase

16

5.119 GBP

Common Stock

Purchase

13,911

5.12 GBP

Common Stock

Purchase

4,515

5.121 GBP

Common Stock

Purchase

17,065

5.122 GBP

Common Stock

Purchase

13,809

5.123 GBP

Common Stock

Purchase

30,959

5.124 GBP

Common Stock

Purchase

1,346

5.125 GBP

Common Stock

Purchase

2,642

5.126 GBP

Common Stock

Purchase

1,982

5.128 GBP

Common Stock

Purchase

2,356

5.13 GBP

Common Stock

Purchase

358

5.131 GBP

Common Stock

Purchase

3,083

5.132 GBP

Common Stock

Purchase

1,725

5.133 GBP

Common Stock

Purchase

20

5.134 GBP

Common Stock

Purchase

347

5.136 GBP

Common Stock

Purchase

3,542

5.138 GBP

Common Stock

Purchase

233

5.14 GBP

Common Stock

Purchase

3,998

5.142 GBP

Common Stock

Purchase

237

5.143 GBP

Common Stock

Purchase

2,657

5.144 GBP

Common Stock

Purchase

9,547

5.146 GBP

Common Stock

Purchase

11,557

5.148 GBP

Common Stock

Purchase

30,850

5.15 GBP

Common Stock

Purchase

3,539

5.151 GBP

Common Stock

Purchase

6,246

5.152 GBP

Common Stock

Purchase

845

5.153 GBP

Common Stock

Purchase

3,654

5.154 GBP

Common Stock

Purchase

6,481

5.156 GBP

Common Stock

Purchase

3,498

5.158 GBP

Common Stock

Purchase

1,599

5.16 GBP

Common Stock

Purchase

343

5.162 GBP

Common Stock

Sale

-500

5.014 GBP

Common Stock

Sale

-156

5.016 GBP

Common Stock

Sale

-1,873

5.017 GBP

Common Stock

Sale

-480

5.018 GBP

Common Stock

Sale

-1,660

5.019 GBP

Common Stock

Sale

-7,537

5.02 GBP

Common Stock

Sale

-2,103

5.021 GBP

Common Stock

Sale

-130

5.024 GBP

Common Stock

Sale

-2,387

5.031 GBP

Common Stock

Sale

-3,682

5.032 GBP

Common Stock

Sale

-3,692

5.036 GBP

Common Stock

Sale

-4,892

5.037 GBP

Common Stock

Sale

-3,432

5.038 GBP

Common Stock

Sale

-2,164

5.04 GBP

Common Stock

Sale

-2,694

5.042 GBP

Common Stock

Sale

-4,496

5.044 GBP

Common Stock

Sale

-597

5.052 GBP

Common Stock

Sale

-279

5.054 GBP

Common Stock

Sale

-1,423

5.056 GBP

Common Stock

Sale

-265

5.058 GBP

Common Stock

Sale

-22,446

5.06 GBP

Common Stock

Sale

-5,367

5.062 GBP

Common Stock

Sale

-4,393

5.064 GBP

Common Stock

Sale

-23,090

5.066 GBP

Common Stock

Sale

-2,884

5.068 GBP

Common Stock

Sale

-918

5.069 GBP

Common Stock

Sale

-5,161

5.07 GBP

Common Stock

Sale

-3,180

5.072 GBP

Common Stock

Sale

-7,227

5.074 GBP

Common Stock

Sale

-14,929

5.076 GBP

Common Stock

Sale

-7,830

5.078 GBP

Common Stock

Sale

-266

5.079 GBP

Common Stock

Sale

-24,024

5.08 GBP

Common Stock

Sale

-226

5.081 GBP

Common Stock

Sale

-6,441

5.082 GBP

Common Stock

Sale

-3,743

5.084 GBP

Common Stock

Sale

-883

5.085 GBP

Common Stock

Sale

-37,107

5.086 GBP

Common Stock

Sale

-3,451

5.088 GBP

Common Stock

Sale

-3,212

5.089 GBP

Common Stock

Sale

-30,081

5.09 GBP

Common Stock

Sale

-4,452

5.091 GBP

Common Stock

Sale

-22,348

5.092 GBP

Common Stock

Sale

-281

5.093 GBP

Common Stock

Sale

-15,520

5.094 GBP

Common Stock

Sale

-2,490

5.095 GBP

Common Stock

Sale

-55,775

5.096 GBP

Common Stock

Sale

-3,363

5.097 GBP

Common Stock

Sale

-36,507

5.098 GBP

Common Stock

Sale

-6,427

5.099 GBP

Common Stock

Sale

-229,093

5.1 GBP

Common Stock

Sale

-3,828

5.101 GBP

Common Stock

Sale

-59,297

5.102 GBP

Common Stock

Sale

-21,078

5.104 GBP

Common Stock

Sale

-29,273

5.106 GBP

Common Stock

Sale

-30,468

5.108 GBP

Common Stock

Sale

-81,655

5.11 GBP

Common Stock

Sale

-10,367

5.112 GBP

Common Stock

Sale

-752

5.114 GBP

Common Stock

Sale

-15,568

5.116 GBP

Common Stock

Sale

-8,634

5.118 GBP

Common Stock

Sale

-1,425

5.119 GBP

Common Stock

Sale

-25,671

5.12 GBP

Common Stock

Sale

-7,741

5.122 GBP

Common Stock

Sale

-6,583

5.124 GBP

Common Stock

Sale

-1,135

5.126 GBP

Common Stock

Sale

-25,092

5.128 GBP

Common Stock

Sale

-3,563

5.13 GBP

Common Stock

Sale

-1,778

5.132 GBP

Common Stock

Sale

-287

5.134 GBP

Common Stock

Sale

-7,497

5.136 GBP

Common Stock

Sale

-951

5.138 GBP

Common Stock

Sale

-28,315

5.14 GBP

Common Stock

Sale

-9,251

5.142 GBP

Common Stock

Sale

-403

5.144 GBP

Common Stock

Sale

-3,897

5.146 GBP

Common Stock

Sale

-46,792

5.148 GBP

Common Stock

Sale

-28,019

5.15 GBP

Common Stock

Sale

-981

5.154 GBP

Common Stock

Sale

-699

5.156 GBP

Common Stock

Sale

-21,570

5.158 GBP

(b) Cash-settled derivative transactions

Class of relevant security

 

ISIN GB00B09LSH68

Product description

e.g. CFD

Nature of dealing

e.g. opening/closing a long/short position, increasing/reducing a long/short position

Number of reference securities

Price per unit

Common Stock

CFD

Increasing long position

24,529

5.075627 GBP

Common Stock

CFD

Increasing short position

-97,023

5.074425 GBP

Common Stock

CFD

Increasing short position

-186,186

5.075769 GBP

Common Stock

CFD

Increasing short position

-2,200

5.084744 GBP

Common Stock

CFD

Reducing long position

-100,249

5.071306 GBP

Common Stock

CFD

Reducing long position

-82,390

5.071306 GBP

Common Stock

CFD

Reducing long position

-68,494

5.071306 GBP

Common Stock

CFD

Reducing long position

-18,558

5.071306 GBP

Common Stock

CFD

Reducing long position

-18,255

5.071306 GBP

Common Stock

CFD

Reducing long position

-13,720

5.071306 GBP

Common Stock

CFD

Reducing long position

-18,386

5.084744 GBP

Common Stock

CFD

Reducing long position

-4,400

5.084744 GBP

Common Stock

CFD

Reducing long position

-1,236

5.084744 GBP

Common Stock

CFD

Reducing long position

-31,281

5.086608 GBP

Common Stock

CFD

Reducing long position

-11,647

5.086608 GBP

Common Stock

CFD

Reducing long position

-3,454

5.086608 GBP

Class of relevant security

 

ISIN XS1486508887

Product description

e.g. CFD

Nature of dealing

e.g. opening/closing a long/short position, increasing/reducing a long/short position

Number of reference securities

Price per unit

Convertible Bond

CFD

Increasing long position

1,000,000

136 USD

Convertible Bond

CFD

Increasing long position

600,000

141 USD

Convertible Bond

CFD

Increasing long position

1,000,000

141 USD

Convertible Bond

CFD

Reducing long position

-1,000,000

138 USD

Convertible Bond

CFD

Reducing long position

-2,400,000

141.5 USD

Convertible Bond

CFD

Reducing long position

-600,000

141.5 USD

Convertible Bond

CFD

Reducing long position

-2,000,000

142 USD

Convertible Bond

CFD

Reducing long position

-1,600,000

142.5 USD

Convertible Bond

CFD

Reducing long position

-400,000

142.5 USD

Convertible Bond

CFD

Reducing long position

-2,000,000

142.75 USD

(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 March, 2019

 Contact name:

Jamison Van Doesburg

 Telephone number*:

020 7645 9700

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.

 

*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel's Market Surveillance Unit.

 

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
RETBSGDXGBDBGCB
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