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: 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.

Short Name: BARCLAYS PLC
Category Code: RET
Sequence Number: 649390
Time of Receipt (offset from UTC): 20180614T123049+0100

Contacts

BARCLAYS PLC

Contacts

BARCLAYS PLC