Form 8.3 - INMARSAT

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

 

14 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”

 

YES 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: 4,770,528 1.03% 6,298,073 1.36%
           
(2) Cash-settled derivatives:
1,457,821 0.32% 1,074,140 0.23%
           
(3) Stock-settled derivatives (including options)
and agreements to purchase/sell: 0 0.00% 0 0.00%
           
(4)
TOTAL: 6,228,349 1.35% 7,372,213 1.60%
 
Class of relevant security:   Convertible Bond XS1486508887      
Interests   Short Positions  
    Number (%) Number (%)
(1) Relevant securities owned
and/or controlled: 8,800,000 1.36% 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 1.36% 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 13 5.4160 GBP
EUR 0.0005 ordinary Purchase 90 5.2040 GBP
EUR 0.0005 ordinary Purchase 420 5.3678 GBP
EUR 0.0005 ordinary Purchase 878 5.3904 GBP
EUR 0.0005 ordinary Purchase 1,053 5.3161 GBP
EUR 0.0005 ordinary Purchase 1,179 5.3903 GBP
EUR 0.0005 ordinary Purchase 1,261 5.4046 GBP
EUR 0.0005 ordinary Purchase 1,900 5.2968 GBP
EUR 0.0005 ordinary Purchase 3,159 5.4214 GBP
EUR 0.0005 ordinary Purchase 6,732 5.4016 GBP
EUR 0.0005 ordinary Purchase 10,249 5.4398 GBP
EUR 0.0005 ordinary Purchase 11,545 5.3515 GBP
EUR 0.0005 ordinary Purchase 12,513 5.3993 GBP
EUR 0.0005 ordinary Purchase 14,035 5.3135 GBP
EUR 0.0005 ordinary Purchase 21,271 5.3946 GBP
EUR 0.0005 ordinary Purchase 32,190 5.3907 GBP
EUR 0.0005 ordinary Purchase 32,610 5.3979 GBP
EUR 0.0005 ordinary Purchase 48,872 5.3590 GBP
EUR 0.0005 ordinary Purchase 80,869 5.3749 GBP
EUR 0.0005 ordinary Purchase 100,000 5.3475 GBP
EUR 0.0005 ordinary Purchase 104,232 5.3521 GBP
EUR 0.0005 ordinary Purchase 160,235 5.3665 GBP
EUR 0.0005 ordinary Sale 97 5.4077 GBP
EUR 0.0005 ordinary Sale 115 5.4057 GBP
EUR 0.0005 ordinary Sale 383 5.3500 GBP
EUR 0.0005 ordinary Sale 400 5.3160 GBP
EUR 0.0005 ordinary Sale 703 5.2513 GBP
EUR 0.0005 ordinary Sale 950 5.4000 GBP
EUR 0.0005 ordinary Sale 1,402 5.3346 GBP
EUR 0.0005 ordinary Sale 1,475 5.4140 GBP
EUR 0.0005 ordinary Sale 2,850 5.3986 GBP
EUR 0.0005 ordinary Sale 3,297 5.3171 GBP
EUR 0.0005 ordinary Sale 5,319 5.3499 GBP
EUR 0.0005 ordinary Sale 5,634 5.3902 GBP
EUR 0.0005 ordinary Sale 7,826 5.3049 GBP
EUR 0.0005 ordinary Sale 9,321 5.3687 GBP
EUR 0.0005 ordinary Sale 11,457 5.3944 GBP
EUR 0.0005 ordinary Sale 13,167 5.3244 GBP
EUR 0.0005 ordinary Sale 13,196 5.3470 GBP
EUR 0.0005 ordinary Sale 21,889 5.3063 GBP
EUR 0.0005 ordinary Sale 22,706 5.3032 GBP
EUR 0.0005 ordinary Sale 25,741 5.3448 GBP
EUR 0.0005 ordinary Sale 37,111 5.3900 GBP
EUR 0.0005 ordinary Sale 54,276 5.3894 GBP
EUR 0.0005 ordinary Sale 79,896 5.3700 GBP
EUR 0.0005 ordinary Sale 93,023 5.3546 GBP
EUR 0.0005 ordinary Sale 120,473 5.3759 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 97 5.4078 GBP
EUR 0.0005 ordinary CFD Long 115 5.4057 GBP
EUR 0.0005 ordinary SWAP Long 200 5.3489 GBP
EUR 0.0005 ordinary SWAP Long 776 5.3768 GBP
EUR 0.0005 ordinary CFD Long 1,402 5.3346 GBP
EUR 0.0005 ordinary SWAP Long 1,615 5.3550 GBP
EUR 0.0005 ordinary CFD Long 2,850 5.3986 GBP
EUR 0.0005 ordinary SWAP Long 3,776 5.3417 GBP
EUR 0.0005 ordinary SWAP Long 4,771 5.3561 GBP
EUR 0.0005 ordinary CFD Long 5,000 5.4103 GBP
EUR 0.0005 ordinary SWAP Long 9,593 5.3897 GBP
EUR 0.0005 ordinary CFD Long 13,167 5.3244 GBP
EUR 0.0005 ordinary CFD Long 21,889 5.3063 GBP
EUR 0.0005 ordinary SWAP Long 28,762 5.3900 GBP
EUR 0.0005 ordinary CFD Long 54,276 5.3894 GBP
EUR 0.0005 ordinary SWAP Long 67,112 5.3673 GBP
EUR 0.0005 ordinary SWAP Long 132,616 5.3779 GBP
EUR 0.0005 ordinary SWAP Short 13 5.4161 GBP
EUR 0.0005 ordinary SWAP Short 42 5.4030 GBP
EUR 0.0005 ordinary CFD Short 420 5.3678 GBP
EUR 0.0005 ordinary SWAP Short 1,200 5.3348 GBP
EUR 0.0005 ordinary SWAP Short 1,261 5.4046 GBP
EUR 0.0005 ordinary CFD Short 2,346 5.3903 GBP
EUR 0.0005 ordinary SWAP Short 2,346 5.3903 GBP
EUR 0.0005 ordinary CFD Short 2,491 5.3846 GBP
EUR 0.0005 ordinary CFD Short 2,522 5.4158 GBP
EUR 0.0005 ordinary CFD Short 2,937 5.3904 GBP
EUR 0.0005 ordinary CFD Short 3,159 5.4214 GBP
EUR 0.0005 ordinary SWAP Short 5,262 5.4052 GBP
EUR 0.0005 ordinary CFD Short 10,249 5.4398 GBP
EUR 0.0005 ordinary CFD Short 21,271 5.3946 GBP
EUR 0.0005 ordinary SWAP Short 21,822 5.3406 GBP
EUR 0.0005 ordinary SWAP Short 25,134 5.3368 GBP
EUR 0.0005 ordinary SWAP Short 25,638 5.3819 GBP
EUR 0.0005 ordinary CFD Short 32,190 5.3907 GBP
EUR 0.0005 ordinary CFD Short 32,610 5.3979 GBP
EUR 0.0005 ordinary CFD Short 80,869 5.3749 GBP
EUR 0.0005 ordinary CFD Short 104,232 5.3521 GBP
EUR 0.0005 ordinary SWAP Short 140,519 5.3668 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:  

15 June 2018

Contact name:

Femi Badmos

Telephone number:

020 3555 1125

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk. 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: 649525
Time of Receipt (offset from UTC): 20180615T125951+0100

Contacts

BARCLAYS PLC

Contacts

BARCLAYS PLC