Form 8.3 - INMARSAT PLC- Amendment

LONDON--()--

FORM 8.3 - Amendment to Purchase

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 PLC

(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

 

26 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: 4,921,981 1.07% 5,777,823 1.25%
           
(2) Cash-settled derivatives:
751,937 0.16% 1,133,158 0.25%
           
(3) Stock-settled derivatives (including options)
and agreements to purchase/sell: 0 0.00% 0 0.00%
           
(4)
TOTAL: 5,673,918 1.23% 6,910,981 1.50%
 
Class of relevant security:   Convertible Bond XS1486508887      
Interests   Short Positions  
    Number (%) Number (%)
(1) Relevant securities owned
and/or controlled: 9,200,000 1.41% 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: 9,200,000 1.41% 0 0.00%
0

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 41 5.5655 GBP
EUR 0.0005 ordinary Purchase 49 5.5682 GBP
EUR 0.0005 ordinary Purchase 246 5.7004 GBP
EUR 0.0005 ordinary Purchase 391 5.6004 GBP
EUR 0.0005 ordinary Purchase 403 5.5362 GBP
EUR 0.0005 ordinary Purchase 411 5.5317 GBP
EUR 0.0005 ordinary Purchase 841 5.8200 GBP
EUR 0.0005 ordinary Purchase 841 5.8280 GBP
EUR 0.0005 ordinary Purchase 841 5.8390 GBP
EUR 0.0005 ordinary Purchase 1,199 5.7339 GBP
EUR 0.0005 ordinary Purchase 1,254 5.5380 GBP
EUR 0.0005 ordinary Purchase 1,318 5.9300 GBP
EUR 0.0005 ordinary Purchase 1,431 5.5242 GBP
EUR 0.0005 ordinary Purchase 1,699 5.5670 GBP
EUR 0.0005 ordinary Purchase 1,800 5.7577 GBP
EUR 0.0005 ordinary Purchase 2,431 5.8209 GBP
EUR 0.0005 ordinary Purchase 3,998 5.8335 GBP
EUR 0.0005 ordinary Purchase 4,076 5.6899 GBP
EUR 0.0005 ordinary Purchase 4,462 5.8495 GBP
EUR 0.0005 ordinary Purchase 5,000 5.8560 GBP
EUR 0.0005 ordinary Purchase 12,334 7.5163 USD
EUR 0.0005 ordinary Purchase 16,945 5.7305 GBP
EUR 0.0005 ordinary Purchase 36,203 5.6441 GBP
EUR 0.0005 ordinary Purchase 85,000 5.7534 GBP
EUR 0.0005 ordinary Purchase 122,158 5.8973 GBP
EUR 0.0005 ordinary Purchase 129,701 5.7407 GBP
EUR 0.0005 ordinary Purchase 186,923 5.5320 GBP
EUR 0.0005 ordinary Purchase 344,896 5.7231 GBP
Convertible Bond Purchase 600,000 150.4247 USD
EUR 0.0005 ordinary Sale 535 5.6370 GBP
EUR 0.0005 ordinary Sale 715 5.7138 GBP
EUR 0.0005 ordinary Sale 841 5.8200 GBP
EUR 0.0005 ordinary Sale 841 5.8280 GBP
EUR 0.0005 ordinary Sale 841 5.8390 GBP
EUR 0.0005 ordinary Sale 888 5.8727 GBP
EUR 0.0005 ordinary Sale 1,254 5.5380 GBP
EUR 0.0005 ordinary Sale 1,679 5.8903 GBP
EUR 0.0005 ordinary Sale 1,958 5.9235 GBP
EUR 0.0005 ordinary Sale 4,703 5.8325 GBP
EUR 0.0005 ordinary Sale 6,000 5.6406 GBP
EUR 0.0005 ordinary Sale 6,378 5.8655 GBP
EUR 0.0005 ordinary Sale 6,707 5.8021 GBP
EUR 0.0005 ordinary Sale 6,898 5.6205 GBP
EUR 0.0005 ordinary Sale 8,492 5.5322 GBP
EUR 0.0005 ordinary Sale 9,094 5.6135 GBP
EUR 0.0005 ordinary Sale 9,921 5.6731 GBP
ADR Sale 12,334 7.5163 USD
EUR 0.0005 ordinary Sale 20,861 5.8482 GBP
EUR 0.0005 ordinary Sale 27,454 5.7377 GBP
EUR 0.0005 ordinary Sale 29,010 5.7340 GBP
EUR 0.0005 ordinary Sale 38,047 5.5655 GBP
EUR 0.0005 ordinary Sale 38,661 5.7697 GBP
EUR 0.0005 ordinary Sale 40,623 5.6610 GBP
EUR 0.0005 ordinary Sale 44,048 5.8599 GBP
EUR 0.0005 ordinary Sale 80,152 5.7357 GBP
EUR 0.0005 ordinary Sale 96,905 5.7252 GBP
EUR 0.0005 ordinary Sale 212,433 5.7296 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 200 5.8900 GBP
EUR 0.0005 ordinary SWAP Long 200 6.0500 GBP
EUR 0.0005 ordinary SWAP Long 1,152 5.7528 GBP
EUR 0.0005 ordinary SWAP Long 1,958 5.9235 GBP
EUR 0.0005 ordinary CFD Long 3,098 5.7309 GBP
EUR 0.0005 ordinary CFD Long 4,462 5.5316 GBP
EUR 0.0005 ordinary SWAP Long 6,840 5.7963 GBP
EUR 0.0005 ordinary CFD Long 9,094 5.6135 GBP
EUR 0.0005 ordinary CFD Long 9,921 5.6731 GBP
EUR 0.0005 ordinary SWAP Long 10,026 5.6630 GBP
EUR 0.0005 ordinary CFD Long 15,000 5.6131 GBP
EUR 0.0005 ordinary CFD Long 33,585 5.5700 GBP
EUR 0.0005 ordinary CFD Long 38,661 5.7697 GBP
EUR 0.0005 ordinary CFD Long 40,623 5.6610 GBP
EUR 0.0005 ordinary SWAP Long 52,719 5.7187 GBP
EUR 0.0005 ordinary SWAP Long 111,396 5.7405 GBP
EUR 0.0005 ordinary SWAP Long 187,598 5.7126 GBP
EUR 0.0005 ordinary CFD Short 246 5.7004 GBP
EUR 0.0005 ordinary CFD Short 391 5.6004 GBP
EUR 0.0005 ordinary CFD Short 403 5.5362 GBP
EUR 0.0005 ordinary CFD Short 780 5.8316 GBP
EUR 0.0005 ordinary CFD Short 1,431 5.5242 GBP
EUR 0.0005 ordinary CFD Short 3,098 5.6926 GBP
EUR 0.0005 ordinary SWAP Short 5,696 5.8216 GBP
EUR 0.0005 ordinary SWAP Short 9,778 5.5805 GBP
EUR 0.0005 ordinary CFD Short 12,334 5.6375 GBP
EUR 0.0005 ordinary CFD Short 15,000 5.7341 GBP
EUR 0.0005 ordinary SWAP Short 30,663 5.6910 GBP
EUR 0.0005 ordinary SWAP Short 39,254 5.6954 GBP
EUR 0.0005 ordinary CFD Short 122,158 5.8973 GBP
EUR 0.0005 ordinary SWAP Short 124,941 5.7232 GBP
EUR 0.0005 ordinary SWAP Short 128,612 5.5320 GBP
EUR 0.0005 ordinary SWAP Short 277,356 5.7416 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 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: 650481
Time of Receipt (offset from UTC): 20180628T170403+0100

Contacts

BARCLAYS PLC

Contacts

BARCLAYS PLC