Form 8.3 - INMARSAT PLC

LONDON--()--

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 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

(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

08 June 2018

(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”

NO

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: 4,724,990 1.02% 4,337,070 0.94%
           
(2) Cash-settled derivatives:
1,603,752 0.35% 2,104,985 0.46%
           
(3) Stock-settled derivatives (including options)
and agreements to purchase/sell: 0 0.00% 0 0.00%
           
(4)
TOTAL: 6,328,742 1.37% 6,442,055 1.40%
Class of relevant security:   Convertible Bond XS1486508887
  Interests   Short Positions
    Number   (%) Number   (%)
(1) Relevant securities owned
and/or controlled: 2,800,000 0.97% 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: 2,800,000 0.97% 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 28 4.1500 GBP
EUR 0.0005 ordinary Purchase 841 4.6090 GBP
EUR 0.0005 ordinary Purchase 1,028 4.4967 GBP
EUR 0.0005 ordinary Purchase 1,299 4.6131 GBP
EUR 0.0005 ordinary Purchase 1,363 4.6202 GBP
EUR 0.0005 ordinary Purchase 1,595 4.2108 GBP
EUR 0.0005 ordinary Purchase 1,782 4.5179 GBP
EUR 0.0005 ordinary Purchase 1,928 4.6407 GBP
EUR 0.0005 ordinary Purchase 2,873 4.2084 GBP
EUR 0.0005 ordinary Purchase 3,671 4.1761 GBP
EUR 0.0005 ordinary Purchase 4,430 4.2853 GBP
EUR 0.0005 ordinary Purchase 5,000 4.6503 GBP
EUR 0.0005 ordinary Purchase 6,267 4.4127 GBP
EUR 0.0005 ordinary Purchase 6,712 4.7387 GBP
EUR 0.0005 ordinary Purchase 9,670 4.5006 GBP
EUR 0.0005 ordinary Purchase 14,092 4.5256 GBP
EUR 0.0005 ordinary Purchase 14,463 4.1339 GBP
EUR 0.0005 ordinary Purchase 16,349 4.2960 GBP
EUR 0.0005 ordinary Purchase 20,000 4.4156 GBP
EUR 0.0005 ordinary Purchase 29,266 4.5399 GBP
EUR 0.0005 ordinary Purchase 39,844 4.5656 GBP
EUR 0.0005 ordinary Purchase 48,457 4.4410 GBP
EUR 0.0005 ordinary Purchase 61,844 4.5019 GBP
EUR 0.0005 ordinary Purchase 80,048 4.2700 GBP
EUR 0.0005 ordinary Purchase 87,500 4.6783 GBP
EUR 0.0005 ordinary Purchase 114,800 4.5929 GBP
EUR 0.0005 ordinary Purchase 276,351 4.4396 GBP
EUR 0.0005 ordinary Purchase 388,334 4.5613 GBP
Convertible Bond Purchase 3,000,000 106.7400 USD
EUR 0.0005 ordinary Sale 575 4.6000 GBP
EUR 0.0005 ordinary Sale 592 4.1525 GBP
EUR 0.0005 ordinary Sale 1,337 4.6280 GBP
EUR 0.0005 ordinary Sale 1,709 4.5665 GBP
EUR 0.0005 ordinary Sale 2,250 4.2650 GBP
EUR 0.0005 ordinary Sale 5,000 4.2408 GBP
EUR 0.0005 ordinary Sale 6,025 4.4544 GBP
EUR 0.0005 ordinary Sale 12,960 4.5140 GBP
EUR 0.0005 ordinary Sale 13,171 4.5680 GBP
EUR 0.0005 ordinary Sale 14,292 4.5864 GBP
EUR 0.0005 ordinary Sale 14,476 4.5848 GBP
EUR 0.0005 ordinary Sale 15,360 4.5905 GBP
EUR 0.0005 ordinary Sale 17,121 4.2194 GBP
EUR 0.0005 ordinary Sale 17,577 4.5439 GBP
EUR 0.0005 ordinary Sale 22,312 4.5301 GBP
EUR 0.0005 ordinary Sale 24,150 4.5693 GBP
EUR 0.0005 ordinary Sale 24,528 4.5853 GBP
EUR 0.0005 ordinary Sale 26,104 4.7392 GBP
EUR 0.0005 ordinary Sale 31,450 4.7386 GBP
EUR 0.0005 ordinary Sale 34,030 4.5311 GBP
EUR 0.0005 ordinary Sale 35,303 4.1411 GBP
EUR 0.0005 ordinary Sale 36,097 4.5386 GBP
EUR 0.0005 ordinary Sale 47,747 4.5628 GBP
EUR 0.0005 ordinary Sale 50,978 4.4840 GBP
EUR 0.0005 ordinary Sale 52,988 4.1987 GBP
EUR 0.0005 ordinary Sale 58,294 4.5443 GBP
EUR 0.0005 ordinary Sale 77,128 4.5886 GBP
EUR 0.0005 ordinary Sale 108,409 4.4692 GBP
EUR 0.0005 ordinary Sale 109,696 4.7390 GBP
EUR 0.0005 ordinary Sale 200,000 4.5891 GBP
EUR 0.0005 ordinary Sale 220,250 4.5807 GBP
EUR 0.0005 ordinary Sale 448,728 4.5473 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 100 4.3416 GBP
EUR 0.0005 ordinary CFD Long 100 4.4436 GBP
EUR 0.0005 ordinary CFD Long 100 4.5426 GBP
EUR 0.0005 ordinary CFD Long 100 4.5856 GBP
EUR 0.0005 ordinary CFD Long 1,337 4.6280 GBP
EUR 0.0005 ordinary SWAP Long 2,097 4.4431 GBP
EUR 0.0005 ordinary CFD Long 4,533 4.4765 GBP
EUR 0.0005 ordinary CFD Long 5,000 4.2873 GBP
EUR 0.0005 ordinary CFD Long 5,000 4.4445 GBP
EUR 0.0005 ordinary CFD Long 5,000 4.6644 GBP
EUR 0.0005 ordinary SWAP Long 6,005 4.3938 GBP
EUR 0.0005 ordinary CFD Long 6,025 4.4544 GBP
EUR 0.0005 ordinary SWAP Long 6,800 4.3385 GBP
EUR 0.0005 ordinary SWAP Long 8,892 4.3678 GBP
EUR 0.0005 ordinary SWAP Long 10,710 4.6447 GBP
EUR 0.0005 ordinary CFD Long 17,121 4.2194 GBP
EUR 0.0005 ordinary SWAP Long 22,903 4.7387 GBP
EUR 0.0005 ordinary CFD Long 25,000 4.3600 GBP
EUR 0.0005 ordinary CFD Long 25,000 4.5641 GBP
EUR 0.0005 ordinary CFD Long 25,000 4.5788 GBP
EUR 0.0005 ordinary CFD Long 34,030 4.5311 GBP
EUR 0.0005 ordinary CFD Long 46,445 4.4848 GBP
EUR 0.0005 ordinary CFD Long 50,000 4.5595 GBP
EUR 0.0005 ordinary CFD Long 108,758 4.5026 GBP
EUR 0.0005 ordinary SWAP Long 109,696 4.7390 GBP
EUR 0.0005 ordinary SWAP Long 140,933 4.4322 GBP
EUR 0.0005 ordinary SWAP Long 162,675 4.4608 GBP
EUR 0.0005 ordinary CFD Long 187,699 4.7386 GBP
EUR 0.0005 ordinary SWAP Short 5 4.2300 GBP
EUR 0.0005 ordinary SWAP Short 5 4.2820 GBP
EUR 0.0005 ordinary SWAP Short 12 4.5683 GBP
EUR 0.0005 ordinary SWAP Short 100 4.1780 GBP
EUR 0.0005 ordinary CFD Short 400 4.1553 GBP
EUR 0.0005 ordinary CFD Short 1,000 4.2743 GBP
EUR 0.0005 ordinary CFD Short 1,363 4.6202 GBP
EUR 0.0005 ordinary CFD Short 1,595 4.2108 GBP
EUR 0.0005 ordinary CFD Short 2,000 4.2600 GBP
EUR 0.0005 ordinary CFD Short 2,000 4.2603 GBP
EUR 0.0005 ordinary CFD Short 2,000 4.2679 GBP
EUR 0.0005 ordinary CFD Short 2,000 4.2684 GBP
EUR 0.0005 ordinary CFD Short 2,000 4.2726 GBP
EUR 0.0005 ordinary CFD Short 2,000 4.2754 GBP
EUR 0.0005 ordinary CFD Short 2,000 4.2790 GBP
EUR 0.0005 ordinary CFD Short 2,000 4.3565 GBP
EUR 0.0005 ordinary CFD Short 2,000 4.3668 GBP
EUR 0.0005 ordinary CFD Short 2,000 4.3697 GBP
EUR 0.0005 ordinary CFD Short 2,000 4.3703 GBP
EUR 0.0005 ordinary CFD Short 3,000 4.2697 GBP
EUR 0.0005 ordinary CFD Short 3,000 4.2795 GBP
EUR 0.0005 ordinary CFD Short 3,000 4.2848 GBP
EUR 0.0005 ordinary CFD Short 4,000 4.2724 GBP
EUR 0.0005 ordinary SWAP Short 4,088 4.5265 GBP
EUR 0.0005 ordinary CFD Short 4,430 4.2853 GBP
EUR 0.0005 ordinary CFD Short 5,000 4.1541 GBP
EUR 0.0005 ordinary CFD Short 5,000 4.1701 GBP
EUR 0.0005 ordinary CFD Short 5,000 4.2707 GBP
EUR 0.0005 ordinary CFD Short 5,000 4.2747 GBP
EUR 0.0005 ordinary CFD Short 5,000 4.2807 GBP
EUR 0.0005 ordinary CFD Short 5,000 4.5481 GBP
EUR 0.0005 ordinary CFD Short 5,000 4.5618 GBP
EUR 0.0005 ordinary CFD Short 9,670 4.5006 GBP
EUR 0.0005 ordinary CFD Short 10,000 4.5852 GBP
EUR 0.0005 ordinary CFD Short 10,000 4.6134 GBP
EUR 0.0005 ordinary CFD Short 20,000 4.5676 GBP
EUR 0.0005 ordinary CFD Short 36,402 4.4261 GBP
EUR 0.0005 ordinary CFD Short 75,000 4.5938 GBP
EUR 0.0005 ordinary CFD Short 75,000 4.6104 GBP
EUR 0.0005 ordinary SWAP Short 101,023 4.4982 GBP
EUR 0.0005 ordinary SWAP Short 190,490 4.4092 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: 11 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.

Short Name: BARCLAYS PLC
Category Code: RET
Sequence Number: 649111
Time of Receipt (offset from UTC): 20180611T122615+0100

Contacts

BARCLAYS PLC

Contacts

BARCLAYS PLC