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: 21 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: 4,457,371 0.97% 6,167,944 1.34%
           
(2) Cash-settled derivatives:
1,168,333 0.25% 723,480 0.16%
           
(3) Stock-settled derivatives (including options)
and agreements to purchase/sell: 0 0.00% 0 0.00%
           
(4)
TOTAL: 5,625,704 1.22% 6,891,424 1.49%
 
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 264 5.4820 GBP
EUR 0.0005 ordinary Purchase 452 5.5080 GBP
EUR 0.0005 ordinary Purchase 582 5.4672 GBP
EUR 0.0005 ordinary Purchase 808 5.5150 GBP
EUR 0.0005 ordinary Purchase 964 5.5443 GBP
EUR 0.0005 ordinary Purchase 1,227 5.5235 GBP
EUR 0.0005 ordinary Purchase 1,241 5.4780 GBP
EUR 0.0005 ordinary Purchase 1,312 5.5160 GBP
EUR 0.0005 ordinary Purchase 1,313 5.5040 GBP
EUR 0.0005 ordinary Purchase 1,316 5.5000 GBP
EUR 0.0005 ordinary Purchase 1,324 5.4736 GBP
EUR 0.0005 ordinary Purchase 1,361 5.4981 GBP
EUR 0.0005 ordinary Purchase 1,443 5.5065 GBP
EUR 0.0005 ordinary Purchase 1,700 5.5300 GBP
EUR 0.0005 ordinary Purchase 2,000 7.2100 USD
EUR 0.0005 ordinary Purchase 2,693 5.4980 GBP
EUR 0.0005 ordinary Purchase 3,045 5.4845 GBP
EUR 0.0005 ordinary Purchase 3,886 5.4800 GBP
EUR 0.0005 ordinary Purchase 4,994 5.5109 GBP
EUR 0.0005 ordinary Purchase 6,189 5.5164 GBP
EUR 0.0005 ordinary Purchase 8,534 5.4898 GBP
EUR 0.0005 ordinary Purchase 14,986 5.4807 GBP
EUR 0.0005 ordinary Purchase 15,672 5.4940 GBP
EUR 0.0005 ordinary Purchase 24,682 5.4840 GBP
EUR 0.0005 ordinary Purchase 26,248 5.5242 GBP
EUR 0.0005 ordinary Purchase 32,729 5.5054 GBP
EUR 0.0005 ordinary Purchase 33,924 5.4997 GBP
EUR 0.0005 ordinary Purchase 54,327 5.4817 GBP
EUR 0.0005 ordinary Purchase 96,069 5.4928 GBP
EUR 0.0005 ordinary Purchase 243,841 5.5047 GBP
EUR 0.0005 ordinary Purchase 849,714 5.4912 GBP
EUR 0.0005 ordinary Sale 360 5.5080 GBP
EUR 0.0005 ordinary Sale 867 5.5140 GBP
EUR 0.0005 ordinary Sale 1,180 5.5172 GBP
EUR 0.0005 ordinary Sale 1,226 5.5300 GBP
EUR 0.0005 ordinary Sale 1,241 5.4780 GBP
EUR 0.0005 ordinary Sale 1,312 5.5160 GBP
EUR 0.0005 ordinary Sale 1,313 5.5040 GBP
EUR 0.0005 ordinary Sale 1,316 5.5000 GBP
EUR 0.0005 ordinary Sale 1,324 5.4736 GBP
EUR 0.0005 ordinary Sale 1,361 5.4981 GBP
EUR 0.0005 ordinary Sale 1,700 5.5098 GBP
EUR 0.0005 ordinary Sale 2,000 7.2100 USD
EUR 0.0005 ordinary Sale 2,501 5.4986 GBP
EUR 0.0005 ordinary Sale 2,693 5.4980 GBP
EUR 0.0005 ordinary Sale 2,907 5.4972 GBP
EUR 0.0005 ordinary Sale 3,906 5.4832 GBP
EUR 0.0005 ordinary Sale 5,653 5.5064 GBP
EUR 0.0005 ordinary Sale 7,203 5.5118 GBP
EUR 0.0005 ordinary Sale 9,193 5.5055 GBP
EUR 0.0005 ordinary Sale 20,365 5.4941 GBP
EUR 0.0005 ordinary Sale 22,573 5.4938 GBP
EUR 0.0005 ordinary Sale 29,281 5.4821 GBP
EUR 0.0005 ordinary Sale 34,547 5.4802 GBP
EUR 0.0005 ordinary Sale 45,500 5.4800 GBP
EUR 0.0005 ordinary Sale 46,589 5.4947 GBP
EUR 0.0005 ordinary Sale 100,000 5.5003 GBP
EUR 0.0005 ordinary Sale 166,395 5.5079 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 100 5.4819 GBP
EUR 0.0005 ordinary SWAP Long 2,506 5.4797 GBP
EUR 0.0005 ordinary SWAP Long 2,907 5.4972 GBP
EUR 0.0005 ordinary CFD Long 3,906 5.4832 GBP
EUR 0.0005 ordinary CFD Long 3,923 5.4978 GBP
EUR 0.0005 ordinary CFD Long 5,260 5.4806 GBP
EUR 0.0005 ordinary CFD Long 5,653 5.5064 GBP
EUR 0.0005 ordinary CFD Long 7,203 5.5118 GBP
EUR 0.0005 ordinary SWAP Long 7,484 5.5111 GBP
EUR 0.0005 ordinary SWAP Long 10,400 5.5124 GBP
EUR 0.0005 ordinary SWAP Long 13,245 5.4800 GBP
EUR 0.0005 ordinary CFD Long 19,967 5.4957 GBP
EUR 0.0005 ordinary CFD Long 22,573 5.4938 GBP
EUR 0.0005 ordinary CFD Long 29,281 5.4821 GBP
EUR 0.0005 ordinary SWAP Long 53,085 5.5215 GBP
EUR 0.0005 ordinary SWAP Long 61,821 5.4871 GBP
EUR 0.0005 ordinary SWAP Long 81,804 5.5084 GBP
EUR 0.0005 ordinary SWAP Short 200 5.5500 GBP
EUR 0.0005 ordinary SWAP Short 264 5.4820 GBP
EUR 0.0005 ordinary CFD Short 964 5.5443 GBP
EUR 0.0005 ordinary CFD Short 1,443 5.5065 GBP
EUR 0.0005 ordinary SWAP Short 3,309 5.4837 GBP
EUR 0.0005 ordinary SWAP Short 4,881 5.4781 GBP
EUR 0.0005 ordinary SWAP Short 5,754 5.4761 GBP
EUR 0.0005 ordinary SWAP Short 43,375 5.4960 GBP
EUR 0.0005 ordinary SWAP Short 73,928 5.5015 GBP
EUR 0.0005 ordinary SWAP Short 157,548 5.5095 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: 22 Jun 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.

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: 650022
Time of Receipt (offset from UTC): 20180622T125553+0100

Contacts

BARCLAYS PLC

Contacts

BARCLAYS PLC