14 Jun 2018 12:55
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: | 13 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: | 4,606,420 | 1.00% | 6,220,781 | 1.35% | |||||||
| (2) | Cash-settled derivatives: | ||||||||||
| 1,421,755 | 0.31% | 869,904 | 0.19% | ||||||||
| (3) | Stock-settled derivatives (including options) | ||||||||||
| and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||||||
| TOTAL: | 6,028,175 | 1.31% | 7,090,685 | 1.54% | |||||||
| Class of relevant security: | Convertible Bond XS1486508887 | ||||||||||
| Interests | Short Positions | ||||||||||
| Number | (%) | Number | (%) | ||||||||
| (1) | Relevant securities owned | ||||||||||
| and/or controlled: | 9,400,000 | 1.45% | 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% | |||||||
| TOTAL: | 9,400,000 | 1.45% | 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 | 97 | 5.2440 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 220 | 5.2800 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 224 | 5.1720 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 274 | 5.2379 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 337 | 5.1960 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 695 | 5.2549 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,419 | 5.1949 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,457 | 5.2980 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 3,367 | 5.2573 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 6,625 | 5.2429 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 9,238 | 5.2333 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 15,745 | 5.2612 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 20,000 | 5.1897 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 22,357 | 5.2518 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 25,360 | 5.2240 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 26,003 | 5.2420 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 28,035 | 5.2312 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 30,315 | 5.2430 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 38,602 | 5.2417 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 45,363 | 5.2366 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 53,244 | 5.2271 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 54,220 | 5.2776 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 58,300 | 5.2244 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 72,558 | 5.2295 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 78,114 | 5.2474 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 122,142 | 5.2478 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 288,699 | 5.2516 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 330,004 | 5.2406 GBP | ||||
| Convertible Bond | Purchase | 600,000 | 131.5100 USD | ||||
| EUR 0.0005 ordinary | Sale | 189 | 5.1800 GBP | ||||
| EUR 0.0005 ordinary | Sale | 220 | 5.2800 GBP | ||||
| EUR 0.0005 ordinary | Sale | 325 | 5.1766 GBP | ||||
| EUR 0.0005 ordinary | Sale | 893 | 5.2400 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,000 | 5.2940 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,192 | 5.2151 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,457 | 5.2980 GBP | ||||
| EUR 0.0005 ordinary | Sale | 3,231 | 5.2450 GBP | ||||
| EUR 0.0005 ordinary | Sale | 3,414 | 5.1588 GBP | ||||
| EUR 0.0005 ordinary | Sale | 4,898 | 5.2496 GBP | ||||
| EUR 0.0005 ordinary | Sale | 6,629 | 5.2242 GBP | ||||
| EUR 0.0005 ordinary | Sale | 7,672 | 5.2422 GBP | ||||
| EUR 0.0005 ordinary | Sale | 11,483 | 5.2656 GBP | ||||
| EUR 0.0005 ordinary | Sale | 12,499 | 5.2416 GBP | ||||
| EUR 0.0005 ordinary | Sale | 13,704 | 5.2531 GBP | ||||
| EUR 0.0005 ordinary | Sale | 18,000 | 5.2273 GBP | ||||
| EUR 0.0005 ordinary | Sale | 21,189 | 5.2448 GBP | ||||
| EUR 0.0005 ordinary | Sale | 29,992 | 5.2285 GBP | ||||
| EUR 0.0005 ordinary | Sale | 33,317 | 5.2487 GBP | ||||
| EUR 0.0005 ordinary | Sale | 44,306 | 5.2192 GBP | ||||
| EUR 0.0005 ordinary | Sale | 59,821 | 5.2420 GBP | ||||
| EUR 0.0005 ordinary | Sale | 64,124 | 5.2681 GBP | ||||
| EUR 0.0005 ordinary | Sale | 130,410 | 5.2371 GBP | ||||
| EUR 0.0005 ordinary | Sale | 226,613 | 5.2359 GBP | ||||
| EUR 0.0005 ordinary | Sale | 289,179 | 5.2519 GBP | ||||
| EUR 0.0005 ordinary | Sale | 500,000 | 5.2433 GBP | ||||
| EUR 0.0005 ordinary | Sale | 652,356 | 5.2265 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 | 8 | 5.1737 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 179 | 5.2389 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 325 | 5.1766 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 800 | 5.2583 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 893 | 5.2400 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 1,192 | 5.2151 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 2,307 | 5.2636 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 3,414 | 5.1588 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 3,704 | 5.2415 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 12,499 | 5.2416 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 26,505 | 5.2457 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 27,699 | 5.2420 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 29,992 | 5.2285 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 34,105 | 5.2481 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 49,510 | 5.2455 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 96,457 | 5.2443 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 217,565 | 5.2302 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 652,356 | 5.2265 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 18 | 5.2161 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 20 | 5.2580 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 36 | 5.2611 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 200 | 5.2510 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 657 | 5.1759 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 6,625 | 5.2429 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 8,924 | 5.2004 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 11,483 | 5.2121 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 14,232 | 5.2062 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 16,558 | 5.2417 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 22,357 | 5.2518 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 25,360 | 5.2240 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 50,714 | 5.2366 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 50,714 | 5.2366 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 54,220 | 5.2776 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 78,114 | 5.2474 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 100,963 | 5.2363 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: | 14 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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