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 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: 11 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: 4,512,708 0.98% 5,412,819 1.17%
           
(2) Cash-settled derivatives:
1,503,049 0.33% 1,642,796 0.36%
           
(3) Stock-settled derivatives (including options)
and agreements to purchase/sell: 0 0.00% 0 0.00%
           
(4)
TOTAL: 6,015,757 1.30% 7,055,615 1.53%
 
Class of relevant security: Convertible Bond XS1486508887
Interests Short Positions
    Number (%) Number (%)
(1) Relevant securities owned
and/or controlled: 8,800,000 1.35% 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: 8,800,000 1.35% 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 386 5.2884 GBP
EUR 0.0005 ordinary Purchase 462 5.2720 GBP
EUR 0.0005 ordinary Purchase 470 5.3540 GBP
EUR 0.0005 ordinary Purchase 831 5.3497 GBP
EUR 0.0005 ordinary Purchase 835 5.3013 GBP
EUR 0.0005 ordinary Purchase 848 5.2980 GBP
EUR 0.0005 ordinary Purchase 1,153 5.3680 GBP
EUR 0.0005 ordinary Purchase 1,258 5.3020 GBP
EUR 0.0005 ordinary Purchase 1,269 5.3580 GBP
EUR 0.0005 ordinary Purchase 1,391 5.1920 GBP
EUR 0.0005 ordinary Purchase 1,429 5.3310 GBP
EUR 0.0005 ordinary Purchase 1,482 5.3160 GBP
EUR 0.0005 ordinary Purchase 1,527 5.3431 GBP
EUR 0.0005 ordinary Purchase 1,732 5.3050 GBP
EUR 0.0005 ordinary Purchase 1,763 5.3130 GBP
EUR 0.0005 ordinary Purchase 3,412 5.3559 GBP
EUR 0.0005 ordinary Purchase 7,368 5.3290 GBP
EUR 0.0005 ordinary Purchase 8,304 5.2267 GBP
EUR 0.0005 ordinary Purchase 8,568 5.3047 GBP
EUR 0.0005 ordinary Purchase 8,666 5.3353 GBP
EUR 0.0005 ordinary Purchase 9,687 5.2675 GBP
EUR 0.0005 ordinary Purchase 14,954 5.3051 GBP
EUR 0.0005 ordinary Purchase 16,696 5.3069 GBP
EUR 0.0005 ordinary Purchase 17,271 5.3397 GBP
EUR 0.0005 ordinary Purchase 22,321 5.3277 GBP
EUR 0.0005 ordinary Purchase 23,741 5.3389 GBP
EUR 0.0005 ordinary Purchase 25,000 5.3414 GBP
EUR 0.0005 ordinary Purchase 38,208 5.3010 GBP
EUR 0.0005 ordinary Purchase 39,383 5.3238 GBP
EUR 0.0005 ordinary Purchase 42,094 5.2881 GBP
EUR 0.0005 ordinary Purchase 49,358 5.3001 GBP
EUR 0.0005 ordinary Purchase 62,533 5.2732 GBP
EUR 0.0005 ordinary Purchase 75,090 5.3400 GBP
EUR 0.0005 ordinary Purchase 75,752 5.2241 GBP
EUR 0.0005 ordinary Purchase 78,838 5.2422 GBP
EUR 0.0005 ordinary Purchase 89,689 5.3967 GBP
EUR 0.0005 ordinary Purchase 98,952 5.3522 GBP
EUR 0.0005 ordinary Purchase 114,709 5.3223 GBP
EUR 0.0005 ordinary Purchase 120,000 5.2465 GBP
EUR 0.0005 ordinary Purchase 135,773 5.3504 GBP
EUR 0.0005 ordinary Purchase 253,347 5.3041 GBP
EUR 0.0005 ordinary Purchase 341,932 5.3210 GBP
EUR 0.0005 ordinary Purchase 500,513 5.3167 GBP
Convertible Bond Purchase 600,000 133.0000 USD
Convertible Bond Purchase 600,000 134.0100 USD
Convertible Bond Purchase 1,000,000 130.0000 USD
Convertible Bond Purchase 1,000,000 135.0000 USD
EUR 0.0005 ordinary Purchase 1,342,587 5.3166 GBP
EUR 0.0005 ordinary Sale 78 5.3004 GBP
EUR 0.0005 ordinary Sale 415 5.3566 GBP
EUR 0.0005 ordinary Sale 421 5.2635 GBP
EUR 0.0005 ordinary Sale 630 5.3405 GBP
EUR 0.0005 ordinary Sale 1,153 5.3680 GBP
EUR 0.0005 ordinary Sale 1,185 5.3060 GBP
EUR 0.0005 ordinary Sale 1,258 5.3020 GBP
EUR 0.0005 ordinary Sale 1,269 5.3580 GBP
EUR 0.0005 ordinary Sale 1,391 5.1920 GBP
EUR 0.0005 ordinary Sale 1,429 5.3310 GBP
EUR 0.0005 ordinary Sale 1,482 5.3160 GBP
EUR 0.0005 ordinary Sale 1,732 5.3050 GBP
EUR 0.0005 ordinary Sale 1,763 5.3130 GBP
EUR 0.0005 ordinary Sale 2,041 5.1907 GBP
EUR 0.0005 ordinary Sale 2,079 5.3016 GBP
EUR 0.0005 ordinary Sale 3,735 5.3010 GBP
EUR 0.0005 ordinary Sale 4,702 5.3400 GBP
EUR 0.0005 ordinary Sale 4,982 5.2068 GBP
EUR 0.0005 ordinary Sale 14,533 5.3329 GBP
EUR 0.0005 ordinary Sale 15,574 5.3519 GBP
EUR 0.0005 ordinary Sale 17,786 5.4000 GBP
EUR 0.0005 ordinary Sale 19,699 5.3402 GBP
EUR 0.0005 ordinary Sale 28,045 5.3510 GBP
EUR 0.0005 ordinary Sale 28,447 5.3191 GBP
EUR 0.0005 ordinary Sale 34,743 5.3301 GBP
EUR 0.0005 ordinary Sale 36,442 5.2145 GBP
EUR 0.0005 ordinary Sale 40,000 5.1339 GBP
EUR 0.0005 ordinary Sale 42,318 5.1990 GBP
EUR 0.0005 ordinary Sale 54,882 5.3155 GBP
EUR 0.0005 ordinary Sale 60,562 5.2185 GBP
EUR 0.0005 ordinary Sale 61,232 5.3478 GBP
EUR 0.0005 ordinary Sale 78,948 5.3520 GBP
EUR 0.0005 ordinary Sale 87,500 5.2794 GBP
EUR 0.0005 ordinary Sale 138,564 5.3711 GBP
EUR 0.0005 ordinary Sale 199,811 5.3196 GBP
EUR 0.0005 ordinary Sale 342,705 4.9500 GBP
Convertible Bond Sale 400,000 133.0000 USD
EUR 0.0005 ordinary Sale 429,973 5.2400 GBP
EUR 0.0005 ordinary Sale 746,769 5.3414 GBP
Convertible Bond Sale 1,000,000 131.0000 USD
EUR 0.0005 ordinary Sale 2,419,335 5.3148 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 421 5.2635 GBP
EUR 0.0005 ordinary CFD Long 2,041 5.1907 GBP
EUR 0.0005 ordinary CFD Long 2,079 5.3016 GBP
EUR 0.0005 ordinary SWAP Long 2,680 5.2782 GBP
EUR 0.0005 ordinary CFD Long 3,000 5.3089 GBP
EUR 0.0005 ordinary CFD Long 3,000 5.3427 GBP
EUR 0.0005 ordinary CFD Long 5,000 5.2925 GBP
EUR 0.0005 ordinary CFD Long 5,000 5.2997 GBP
EUR 0.0005 ordinary CFD Long 5,000 5.3012 GBP
EUR 0.0005 ordinary CFD Long 5,000 5.3037 GBP
EUR 0.0005 ordinary CFD Long 5,000 5.3099 GBP
EUR 0.0005 ordinary CFD Long 5,000 5.3111 GBP
EUR 0.0005 ordinary CFD Long 5,000 5.3163 GBP
EUR 0.0005 ordinary CFD Long 5,000 5.3175 GBP
EUR 0.0005 ordinary CFD Long 5,000 5.3200 GBP
EUR 0.0005 ordinary CFD Long 7,000 5.3635 GBP
EUR 0.0005 ordinary SWAP Long 9,441 5.2992 GBP
EUR 0.0005 ordinary CFD Long 10,000 5.0523 GBP
EUR 0.0005 ordinary CFD Long 10,000 5.0643 GBP
EUR 0.0005 ordinary CFD Long 10,107 5.3423 GBP
EUR 0.0005 ordinary CFD Long 11,045 5.3537 GBP
EUR 0.0005 ordinary CFD Long 11,680 5.3410 GBP
EUR 0.0005 ordinary CFD Long 20,000 5.0544 GBP
EUR 0.0005 ordinary CFD Long 24,636 5.3251 GBP
EUR 0.0005 ordinary CFD Long 25,000 4.9495 GBP
EUR 0.0005 ordinary SWAP Long 28,251 5.2882 GBP
EUR 0.0005 ordinary CFD Long 28,447 5.3191 GBP
EUR 0.0005 ordinary SWAP Long 34,867 5.1149 GBP
EUR 0.0005 ordinary CFD Long 50,000 5.0505 GBP
EUR 0.0005 ordinary CFD Long 50,000 5.2300 GBP
EUR 0.0005 ordinary CFD Long 50,000 5.3820 GBP
EUR 0.0005 ordinary CFD Long 95,607 5.3283 GBP
EUR 0.0005 ordinary CFD Long 109,535 5.3395 GBP
EUR 0.0005 ordinary CFD Long 342,705 4.9500 GBP
EUR 0.0005 ordinary SWAP Long 659,409 5.3201 GBP
EUR 0.0005 ordinary SWAP Short 24 5.3241 GBP
EUR 0.0005 ordinary CFD Short 386 5.2884 GBP
EUR 0.0005 ordinary CFD Short 835 5.3013 GBP
EUR 0.0005 ordinary CFD Short 1,348 5.3163 GBP
EUR 0.0005 ordinary CFD Short 1,527 5.3431 GBP
EUR 0.0005 ordinary CFD Short 3,704 5.2758 GBP
EUR 0.0005 ordinary SWAP Short 5,463 5.2696 GBP
EUR 0.0005 ordinary SWAP Short 7,029 5.2707 GBP
EUR 0.0005 ordinary CFD Short 7,368 5.3290 GBP
EUR 0.0005 ordinary CFD Short 8,666 5.3353 GBP
EUR 0.0005 ordinary SWAP Short 10,205 5.3402 GBP
EUR 0.0005 ordinary CFD Short 14,954 5.3051 GBP
EUR 0.0005 ordinary CFD Short 22,321 5.3277 GBP
EUR 0.0005 ordinary CFD Short 22,393 5.3403 GBP
EUR 0.0005 ordinary CFD Short 42,094 5.2881 GBP
EUR 0.0005 ordinary CFD Short 49,358 5.3001 GBP
EUR 0.0005 ordinary SWAP Short 68,689 5.3400 GBP
EUR 0.0005 ordinary SWAP Short 75,360 5.2771 GBP
EUR 0.0005 ordinary CFD Short 135,773 5.3504 GBP
EUR 0.0005 ordinary CFD Short 171,798 5.3287 GBP
EUR 0.0005 ordinary SWAP Short 635,170 5.3220 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: 12 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: 649215
Time of Receipt (offset from UTC): 20180612T142408+0100

Contacts

BARCLAYS PLC

Contacts

BARCLAYS PLC