19 Jun 2018 15:34
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: | 18 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: | 4,538,186 | 0.98% | 6,383,936 | 1.38% | |||||||
| (2) | Cash-settled derivatives: | ||||||||||
| 1,485,076 | 0.32% | 856,186 | 0.19% | ||||||||
| (3) | Stock-settled derivatives (including options) | ||||||||||
| and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||||||
| TOTAL: | 6,023,262 | 1.30% | 7,240,122 | 1.57% | |||||||
| 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% | |||||||
| 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 | 490 | 5.2605 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 541 | 5.3289 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 774 | 5.2530 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 938 | 5.2120 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 993 | 5.3910 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,298 | 5.2604 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,300 | 5.2640 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,379 | 5.2630 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,379 | 5.2610 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,383 | 5.2490 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 1,799 | 5.2660 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 3,971 | 5.2445 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 4,276 | 5.2538 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 5,000 | 5.3721 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 5,235 | 5.2566 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 5,452 | 5.2602 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 9,213 | 5.2489 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 11,966 | 5.2756 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 16,389 | 5.2771 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 22,602 | 5.2680 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 22,891 | 5.2420 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 25,141 | 5.2509 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 33,668 | 5.2565 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 61,565 | 5.2424 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 65,539 | 5.2558 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 100,000 | 5.2829 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 203,409 | 5.2617 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 233,604 | 5.2554 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 248,419 | 5.2540 GBP | ||||
| EUR 0.0005 ordinary | Purchase | 282,187 | 5.2621 GBP | ||||
| EUR 0.0005 ordinary | Sale | 123 | 5.2790 GBP | ||||
| EUR 0.0005 ordinary | Sale | 317 | 5.3570 GBP | ||||
| EUR 0.0005 ordinary | Sale | 444 | 5.2520 GBP | ||||
| EUR 0.0005 ordinary | Sale | 447 | 5.2760 GBP | ||||
| EUR 0.0005 ordinary | Sale | 561 | 5.2710 GBP | ||||
| EUR 0.0005 ordinary | Sale | 633 | 5.3700 GBP | ||||
| EUR 0.0005 ordinary | Sale | 925 | 5.3790 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,300 | 5.2640 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,300 | 5.2993 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,379 | 5.2610 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,379 | 5.2630 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,383 | 5.2490 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,799 | 5.2660 GBP | ||||
| EUR 0.0005 ordinary | Sale | 3,463 | 5.2752 GBP | ||||
| EUR 0.0005 ordinary | Sale | 3,482 | 5.2474 GBP | ||||
| EUR 0.0005 ordinary | Sale | 3,954 | 5.2618 GBP | ||||
| EUR 0.0005 ordinary | Sale | 5,587 | 5.3283 GBP | ||||
| EUR 0.0005 ordinary | Sale | 5,836 | 5.3091 GBP | ||||
| EUR 0.0005 ordinary | Sale | 8,326 | 5.2433 GBP | ||||
| EUR 0.0005 ordinary | Sale | 8,649 | 5.2643 GBP | ||||
| EUR 0.0005 ordinary | Sale | 10,000 | 5.2320 GBP | ||||
| EUR 0.0005 ordinary | Sale | 15,324 | 5.3720 GBP | ||||
| EUR 0.0005 ordinary | Sale | 15,993 | 5.2420 GBP | ||||
| EUR 0.0005 ordinary | Sale | 16,086 | 5.2654 GBP | ||||
| EUR 0.0005 ordinary | Sale | 45,325 | 5.2547 GBP | ||||
| EUR 0.0005 ordinary | Sale | 46,454 | 5.2914 GBP | ||||
| EUR 0.0005 ordinary | Sale | 46,591 | 5.2422 GBP | ||||
| EUR 0.0005 ordinary | Sale | 81,883 | 5.2910 GBP | ||||
| EUR 0.0005 ordinary | Sale | 113,769 | 5.2802 GBP | ||||
| EUR 0.0005 ordinary | Sale | 1,000,000 | 5.2581 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 | 123 | 5.2790 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 500 | 5.2915 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 1,539 | 5.2479 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 1,854 | 5.2492 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 3,482 | 5.2474 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 3,954 | 5.2618 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 8,570 | 5.3031 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 8,649 | 5.2643 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 8,739 | 5.3217 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 26,117 | 5.2514 GBP | |||||
| EUR 0.0005 ordinary | CFD | Long | 45,325 | 5.2547 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 60,419 | 5.2833 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Long | 60,911 | 5.2944 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 9 | 5.2622 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 9 | 5.2977 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 19 | 5.2578 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 300 | 5.2774 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 541 | 5.3289 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 3,757 | 5.2538 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 4,000 | 5.2527 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 5,235 | 5.2566 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 6,509 | 5.2424 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 9,845 | 5.2518 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 11,966 | 5.2756 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 19,424 | 5.2771 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 19,424 | 5.2771 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 19,966 | 5.2506 GBP | |||||
| EUR 0.0005 ordinary | CFD | Short | 22,602 | 5.2680 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 22,891 | 5.2420 GBP | |||||
| EUR 0.0005 ordinary | SWAP | Short | 66,690 | 5.2582 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: | 19 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180619005928/en/
Copyright Business Wire 2018