10 May 2019 09:31
FORM 8.3
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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")
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1. KEY INFORMATION
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(a) Full name of discloser: | Jefferies International Limited |
(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. | Â N/A |
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Â Inmarsat Plc |
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: | Â N/A |
(e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure | 9th May 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" | Â N/A |
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2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE
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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.
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(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)
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Class of relevant security: Â | Convertible Bond | |||
  | Interests | Short positions | ||
Number | % | Number | % | |
(1) Relevant securities owned and/or controlled: | 2,200,000 | 0.33 | 0 | 0 |
(2) Cash-settled derivatives: Â | 0 | 0 | 0 | 0 |
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0 | 0 | 0 |
 TOTAL: | 2,200,000 | 0.33 | 0 | 0 |
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Class of relevant security: Â | EUR 0.0005 ordinary | |||
  | Interests | Short positions | ||
Number | % | Number | % | |
(1) Relevant securities owned and/or controlled: | 332,562 | 0.07 | 0 | 0 |
(2) Cash-settled derivatives: Â | 7,630,000 | 1.64 | 8,011,712 | 1.72 |
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0 | 0 | 0 |
 TOTAL: | 7,962,562 | 1.71 | 8,011,712 | 1.72 |
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All interests and all short positions should be disclosed.
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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).
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(b) Rights to subscribe for new securities (including directors' and other employee options)
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Class of relevant security in relation to which subscription right exists: | |
Details, including nature of the rights concerned and relevant percentages: |
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3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE
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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.
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The currency of all prices and other monetary amounts should be stated.
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(a) Purchases and sales
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Class of relevant security | Purchase/sale  | Number of securities | Price per unit |
 Convertible Bond   Euro 0.0005 ordinary   |  Purchase   Purchase            Total   Sale                        Total  |  2,000,000   325,003 1 57 48 598 1,371 1,637 2,275 99 149,150 300,000  780,239   149,150 1 105 4,609 1,253 118 512 4,500 28,169 610 9,157 11,722 50,816 32,562 300,000 12,605 12,083 61,950 188,868 1,616 51,023 41,084 3,823  966,336  |  148.1500 USD   525.5108 GBX 528.4000 GBX 528.6000 GBX 528.6417 GBX 529.4676 GBX 530.0000 GBX 530.0731 GBX 531.0222 GBX 531.5000 GBX 532.2500 GBX 532.2600 GBX     6.9159 USD 528.4000 GBX 530.0000 GBX 530.4900 GBX 531.5000 GBX 531.6000 GBX 531.7000 GBX 531.7667 GBX 531.8745 GBX 531.9000 GBX 531.9669 GBX 532.0432 GBX 532.1545 GBX 532.1973 GBX 532.2650 GBX 532.2779 GBX 532.2856 GBX 532.3000 GBX 532.3193 GBX 532.3618 GBX 532.3785 GBX 532.4000 GBX 533.0166 GBX |
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(b) Cash-settled derivative transactions
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Class of relevant security | 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 |
 Euro 0.0005 ordinary  |  Swap  Swap  |  Decreasing a short position  Increasing a short position  |  300,000  325,003 |  6.9194 USD  6.8563 USD |
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(c) Stock-settled derivative transactions (including options)
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(i) Writing, selling, purchasing or varying
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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 |
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(ii) Exercise
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Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
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(d) Other dealings (including subscribing for new securities)
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Class of relevant security | Nature of dealing e.g. subscription, conversion | Details | Price per unit (if applicable) |
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4. OTHER INFORMATION
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(a) Indemnity and other dealing arrangements
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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 |
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(b) Agreements, arrangements or understandings relating to options or derivatives
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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 |
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(c) Attachments
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Is a Supplemental Form 8 (Open Positions) attached? | NO |
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| Date of disclosure: | 10th May 2019 |
| Contact name: | Zara Watters |
| Telephone number*: | 020 7029 8661 |
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Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
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The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.
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*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.
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The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
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