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: 15 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: 4,569,338 0.99% 6,251,897 1.35%
           
(2) Cash-settled derivatives:
1,448,375 0.31% 945,904 0.20%
           
(3) Stock-settled derivatives (including options)
and agreements to purchase/sell: 0 0.00% 0 0.00%
           
(4)
TOTAL: 6,017,713 1.30% 7,197,801 1.56%
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%
           
(4)
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 113 5.2821 GBP
EUR 0.0005 ordinary Purchase 477 5.2992 GBP
EUR 0.0005 ordinary Purchase 651 5.2940 GBP
EUR 0.0005 ordinary Purchase 752 5.3148 GBP
EUR 0.0005 ordinary Purchase 919 5.2861 GBP
EUR 0.0005 ordinary Purchase 1,213 5.2924 GBP
EUR 0.0005 ordinary Purchase 1,223 5.3080 GBP
EUR 0.0005 ordinary Purchase 1,289 5.2880 GBP
EUR 0.0005 ordinary Purchase 1,316 5.2860 GBP
EUR 0.0005 ordinary Purchase 1,670 5.3168 GBP
EUR 0.0005 ordinary Purchase 1,720 5.2720 GBP
EUR 0.0005 ordinary Purchase 1,865 5.2699 GBP
EUR 0.0005 ordinary Purchase 2,006 5.2856 GBP
EUR 0.0005 ordinary Purchase 2,097 5.2945 GBP
EUR 0.0005 ordinary Purchase 2,113 5.2723 GBP
EUR 0.0005 ordinary Purchase 2,121 5.3165 GBP
EUR 0.0005 ordinary Purchase 2,403 5.3056 GBP
EUR 0.0005 ordinary Purchase 2,590 5.2800 GBP
EUR 0.0005 ordinary Purchase 2,613 5.3000 GBP
EUR 0.0005 ordinary Purchase 2,726 5.3036 GBP
EUR 0.0005 ordinary Purchase 3,391 5.2841 GBP
EUR 0.0005 ordinary Purchase 3,995 5.2662 GBP
EUR 0.0005 ordinary Purchase 6,307 5.2728 GBP
EUR 0.0005 ordinary Purchase 6,603 5.2852 GBP
EUR 0.0005 ordinary Purchase 14,932 5.3117 GBP
EUR 0.0005 ordinary Purchase 18,164 5.2718 GBP
EUR 0.0005 ordinary Purchase 20,020 5.2962 GBP
EUR 0.0005 ordinary Purchase 21,174 5.2854 GBP
EUR 0.0005 ordinary Purchase 21,550 5.2654 GBP
EUR 0.0005 ordinary Purchase 23,278 5.3050 GBP
EUR 0.0005 ordinary Purchase 43,831 5.2935 GBP
EUR 0.0005 ordinary Purchase 45,825 5.2657 GBP
EUR 0.0005 ordinary Purchase 48,624 5.2712 GBP
EUR 0.0005 ordinary Purchase 50,594 5.2915 GBP
EUR 0.0005 ordinary Purchase 168,195 5.2741 GBP
EUR 0.0005 ordinary Purchase 175,077 5.2660 GBP
EUR 0.0005 ordinary Purchase 182,154 5.2868 GBP
EUR 0.0005 ordinary Purchase 1,234,627 5.2801 GBP
EUR 0.0005 ordinary Sale 160 5.2887 GBP
EUR 0.0005 ordinary Sale 200 5.2940 GBP
EUR 0.0005 ordinary Sale 838 5.2843 GBP
EUR 0.0005 ordinary Sale 914 5.3170 GBP
EUR 0.0005 ordinary Sale 930 5.3063 GBP
EUR 0.0005 ordinary Sale 1,050 5.2994 GBP
EUR 0.0005 ordinary Sale 1,178 5.2977 GBP
EUR 0.0005 ordinary Sale 1,289 5.2880 GBP
EUR 0.0005 ordinary Sale 1,720 5.2720 GBP
EUR 0.0005 ordinary Sale 2,590 5.2800 GBP
EUR 0.0005 ordinary Sale 2,613 5.3000 GBP
EUR 0.0005 ordinary Sale 2,632 5.3122 GBP
EUR 0.0005 ordinary Sale 3,148 5.2810 GBP
EUR 0.0005 ordinary Sale 3,316 5.2860 GBP
EUR 0.0005 ordinary Sale 4,954 5.2934 GBP
EUR 0.0005 ordinary Sale 9,437 5.2896 GBP
EUR 0.0005 ordinary Sale 13,400 5.3014 GBP
EUR 0.0005 ordinary Sale 19,440 5.3081 GBP
EUR 0.0005 ordinary Sale 23,278 5.3050 GBP
EUR 0.0005 ordinary Sale 28,738 5.2695 GBP
EUR 0.0005 ordinary Sale 29,722 5.3032 GBP
EUR 0.0005 ordinary Sale 64,843 5.2660 GBP
EUR 0.0005 ordinary Sale 79,839 5.3038 GBP
EUR 0.0005 ordinary Sale 189,462 5.2825 GBP
Convertible Bond Sale 200,000 133.0000 USD
EUR 0.0005 ordinary Sale 382,205 5.2755 GBP
EUR 0.0005 ordinary Sale 1,358,600 5.2812 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 160 5.2887 GBP
EUR 0.0005 ordinary SWAP Long 170 5.3002 GBP
EUR 0.0005 ordinary SWAP Long 316 5.3660 GBP
EUR 0.0005 ordinary SWAP Long 500 5.3219 GBP
EUR 0.0005 ordinary SWAP Long 769 5.2958 GBP
EUR 0.0005 ordinary CFD Long 838 5.2843 GBP
EUR 0.0005 ordinary CFD Long 930 5.3063 GBP
EUR 0.0005 ordinary SWAP Long 1,600 5.2941 GBP
EUR 0.0005 ordinary SWAP Long 1,700 5.2945 GBP
EUR 0.0005 ordinary CFD Long 2,491 5.3131 GBP
EUR 0.0005 ordinary CFD Long 4,425 5.2722 GBP
EUR 0.0005 ordinary CFD Long 4,954 5.2934 GBP
EUR 0.0005 ordinary SWAP Long 5,365 5.3134 GBP
EUR 0.0005 ordinary CFD Long 13,400 5.3014 GBP
EUR 0.0005 ordinary SWAP Long 28,172 5.3095 GBP
EUR 0.0005 ordinary CFD Long 29,722 5.3032 GBP
EUR 0.0005 ordinary SWAP Long 60,513 5.3011 GBP
EUR 0.0005 ordinary CFD Long 185,037 5.2827 GBP
EUR 0.0005 ordinary SWAP Short 55 5.2840 GBP
EUR 0.0005 ordinary CFD Short 113 5.2822 GBP
EUR 0.0005 ordinary CFD Short 477 5.2992 GBP
EUR 0.0005 ordinary SWAP Short 1,000 5.2844 GBP
EUR 0.0005 ordinary SWAP Short 1,091 5.2720 GBP
EUR 0.0005 ordinary CFD Short 2,097 5.2945 GBP
EUR 0.0005 ordinary CFD Short 2,121 5.3165 GBP
EUR 0.0005 ordinary CFD Short 2,403 5.3056 GBP
EUR 0.0005 ordinary SWAP Short 4,574 5.2871 GBP
EUR 0.0005 ordinary SWAP Short 4,689 5.3115 GBP
EUR 0.0005 ordinary CFD Short 5,000 5.3205 GBP
EUR 0.0005 ordinary SWAP Short 6,234 5.2855 GBP
EUR 0.0005 ordinary CFD Short 13,934 5.2798 GBP
EUR 0.0005 ordinary CFD Short 14,932 5.3117 GBP
EUR 0.0005 ordinary SWAP Short 31,413 5.2717 GBP
EUR 0.0005 ordinary SWAP Short 35,913 5.2870 GBP
EUR 0.0005 ordinary CFD Short 96,226 5.2698 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: 18 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: 649638
Time of Receipt (offset from UTC): 20180618T134254+0100

Contacts

BARCLAYS PLC

Contacts

BARCLAYS PLC