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: 27 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: 5,090,038 1.10% 5,388,889 1.17%
           
(2) Cash-settled derivatives:
690,462 0.15% 1,480,393 0.32%
           
(3) Stock-settled derivatives (including options)
and agreements to purchase/sell: 0 0.00% 0 0.00%
           
(4)
TOTAL: 5,780,500 1.25% 6,869,282 1.49%
 
Class of relevant security:   Convertible Bond XS1486508887
Interests Short Positions
    Number (%) Number (%)
(1) Relevant securities owned
and/or controlled: 8,200,000 1.26% 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: 8,200,000 1.26% 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 81 5.4180 GBP
EUR 0.0005 ordinary Purchase 841 5.4670 GBP
ADR Purchase 900 7.2711 USD
EUR 0.0005 ordinary Purchase 954 5.6013 GBP
EUR 0.0005 ordinary Purchase 1,100 5.4652 GBP
EUR 0.0005 ordinary Purchase 1,218 5.4640 GBP
EUR 0.0005 ordinary Purchase 1,339 5.4742 GBP
EUR 0.0005 ordinary Purchase 2,441 5.4512 GBP
EUR 0.0005 ordinary Purchase 4,000 5.5194 GBP
EUR 0.0005 ordinary Purchase 10,000 5.5511 GBP
EUR 0.0005 ordinary Purchase 10,892 5.5292 GBP
EUR 0.0005 ordinary Purchase 10,915 5.5478 GBP
EUR 0.0005 ordinary Purchase 11,867 5.5497 GBP
EUR 0.0005 ordinary Purchase 23,647 5.5093 GBP
EUR 0.0005 ordinary Purchase 34,600 5.4625 GBP
EUR 0.0005 ordinary Purchase 48,145 5.5309 GBP
EUR 0.0005 ordinary Purchase 75,000 5.4712 GBP
EUR 0.0005 ordinary Purchase 100,712 5.5092 GBP
EUR 0.0005 ordinary Purchase 122,277 5.5500 GBP
EUR 0.0005 ordinary Purchase 207,249 5.5193 GBP
EUR 0.0005 ordinary Purchase 274,204 5.5385 GBP
EUR 0.0005 ordinary Purchase 840,000 5.5669 GBP
Convertible Bond Purchase 1,400,000 139.0500 USD
EUR 0.0005 ordinary Sale 309 5.6115 GBP
EUR 0.0005 ordinary Sale 800 5.5537 GBP
ADR Sale 900 7.2711 USD
EUR 0.0005 ordinary Sale 1,218 5.4640 GBP
EUR 0.0005 ordinary Sale 1,223 5.4395 GBP
EUR 0.0005 ordinary Sale 1,639 5.4693 GBP
EUR 0.0005 ordinary Sale 2,059 5.4652 GBP
EUR 0.0005 ordinary Sale 4,117 5.5500 GBP
EUR 0.0005 ordinary Sale 4,263 5.4440 GBP
EUR 0.0005 ordinary Sale 8,254 5.5502 GBP
EUR 0.0005 ordinary Sale 9,864 5.5176 GBP
EUR 0.0005 ordinary Sale 10,083 5.5737 GBP
EUR 0.0005 ordinary Sale 11,351 5.5452 GBP
EUR 0.0005 ordinary Sale 11,468 5.5371 GBP
EUR 0.0005 ordinary Sale 14,281 5.5156 GBP
EUR 0.0005 ordinary Sale 23,118 5.5055 GBP
EUR 0.0005 ordinary Sale 28,868 5.4977 GBP
EUR 0.0005 ordinary Sale 33,227 5.5034 GBP
EUR 0.0005 ordinary Sale 60,965 5.5268 GBP
EUR 0.0005 ordinary Sale 64,865 5.5496 GBP
EUR 0.0005 ordinary Sale 116,363 5.5357 GBP
EUR 0.0005 ordinary Sale 141,180 5.5000 GBP
EUR 0.0005 ordinary Sale 235,000 5.5665 GBP
EUR 0.0005 ordinary Sale 409,976 5.5470 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 309 5.6115 GBP
EUR 0.0005 ordinary SWAP Long 1,639 5.4693 GBP
EUR 0.0005 ordinary SWAP Long 3,749 5.4928 GBP
EUR 0.0005 ordinary SWAP Long 5,750 5.5500 GBP
EUR 0.0005 ordinary SWAP Long 5,850 5.5674 GBP
EUR 0.0005 ordinary SWAP Long 9,764 5.5113 GBP
EUR 0.0005 ordinary CFD Long 9,864 5.5176 GBP
EUR 0.0005 ordinary CFD Long 10,083 5.5737 GBP
EUR 0.0005 ordinary SWAP Long 11,417 5.5386 GBP
EUR 0.0005 ordinary CFD Long 60,965 5.5269 GBP
EUR 0.0005 ordinary SWAP Long 79,083 5.5326 GBP
EUR 0.0005 ordinary SWAP Long 83,733 5.5532 GBP
EUR 0.0005 ordinary CFD Short 900 5.4736 GBP
EUR 0.0005 ordinary CFD Short 954 5.6013 GBP
EUR 0.0005 ordinary CFD Short 1,339 5.4742 GBP
EUR 0.0005 ordinary SWAP Short 2,742 5.5374 GBP
EUR 0.0005 ordinary SWAP Short 3,548 5.4790 GBP
EUR 0.0005 ordinary CFD Short 4,544 5.5503 GBP
EUR 0.0005 ordinary SWAP Short 5,815 5.4503 GBP
EUR 0.0005 ordinary SWAP Short 7,404 5.4867 GBP
EUR 0.0005 ordinary CFD Short 19,103 5.4996 GBP
EUR 0.0005 ordinary CFD Short 34,600 5.4625 GBP
EUR 0.0005 ordinary SWAP Short 73,174 5.5366 GBP
EUR 0.0005 ordinary SWAP Short 73,947 5.5226 GBP
EUR 0.0005 ordinary SWAP Short 86,044 5.5500 GBP
EUR 0.0005 ordinary CFD Short 169,553 5.5504 GBP
EUR 0.0005 ordinary CFD Short 207,249 5.5193 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: 28 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: 650454
Time of Receipt (offset from UTC): 20180628T135159+0100

Contacts

BARCLAYS PLC

Contacts

BARCLAYS PLC