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: 29 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: 4,843,484 1.05% 5,961,333 1.29%
           
(2) Cash-settled derivatives:
630,075 0.14% 794,728 0.17%
           
(3) Stock-settled derivatives (including options)
and agreements to purchase/sell: 0 0.00% 0 0.00%
           
 
TOTAL: 5,473,559 1.19% 6,756,061 1.46%
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%
           
 
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 3 5.4480 GBP
EUR 0.0005 ordinary Purchase 320 5.4660 GBP
EUR 0.0005 ordinary Purchase 841 5.4620 GBP
ADR Purchase 900 7.2100 USD
EUR 0.0005 ordinary Purchase 933 5.4610 GBP
EUR 0.0005 ordinary Purchase 1,257 5.4747 GBP
EUR 0.0005 ordinary Purchase 1,682 5.4520 GBP
EUR 0.0005 ordinary Purchase 1,766 5.4400 GBP
EUR 0.0005 ordinary Purchase 1,766 5.4394 GBP
EUR 0.0005 ordinary Purchase 3,101 5.5023 GBP
EUR 0.0005 ordinary Purchase 4,577 5.4750 GBP
EUR 0.0005 ordinary Purchase 4,646 5.4702 GBP
EUR 0.0005 ordinary Purchase 5,000 5.5040 GBP
EUR 0.0005 ordinary Purchase 13,658 5.4908 GBP
EUR 0.0005 ordinary Purchase 20,534 5.5000 GBP
EUR 0.0005 ordinary Purchase 31,556 5.4633 GBP
EUR 0.0005 ordinary Purchase 32,458 5.4909 GBP
EUR 0.0005 ordinary Purchase 33,261 5.4525 GBP
EUR 0.0005 ordinary Purchase 44,430 5.4939 GBP
EUR 0.0005 ordinary Purchase 48,304 5.4997 GBP
EUR 0.0005 ordinary Purchase 83,331 5.4514 GBP
EUR 0.0005 ordinary Purchase 149,150 5.4505 GBP
EUR 0.0005 ordinary Purchase 334,795 5.4628 GBP
EUR 0.0005 ordinary Purchase 680,065 5.4845 GBP
EUR 0.0005 ordinary Sale 3 5.4480 GBP
EUR 0.0005 ordinary Sale 201 5.4700 GBP
EUR 0.0005 ordinary Sale 300 5.5140 GBP
EUR 0.0005 ordinary Sale 841 5.4620 GBP
EUR 0.0005 ordinary Sale 875 5.4678 GBP
ADR Sale 900 7.2100 USD
EUR 0.0005 ordinary Sale 933 5.4610 GBP
EUR 0.0005 ordinary Sale 1,682 5.4520 GBP
EUR 0.0005 ordinary Sale 1,766 5.4400 GBP
EUR 0.0005 ordinary Sale 2,001 5.4661 GBP
EUR 0.0005 ordinary Sale 4,414 5.4653 GBP
EUR 0.0005 ordinary Sale 4,577 5.4750 GBP
EUR 0.0005 ordinary Sale 4,642 5.4573 GBP
EUR 0.0005 ordinary Sale 5,000 5.4660 GBP
EUR 0.0005 ordinary Sale 6,734 5.4651 GBP
EUR 0.0005 ordinary Sale 10,155 5.4837 GBP
EUR 0.0005 ordinary Sale 14,392 5.4581 GBP
EUR 0.0005 ordinary Sale 16,775 5.4996 GBP
EUR 0.0005 ordinary Sale 20,534 5.5000 GBP
EUR 0.0005 ordinary Sale 31,414 5.5002 GBP
EUR 0.0005 ordinary Sale 51,755 5.4775 GBP
EUR 0.0005 ordinary Sale 53,706 5.5001 GBP
EUR 0.0005 ordinary Sale 97,808 5.4745 GBP
EUR 0.0005 ordinary Sale 134,235 5.4763 GBP
EUR 0.0005 ordinary Sale 522,995 5.4982 GBP
EUR 0.0005 ordinary Sale 1,285,824 5.4724 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 300 5.5160 GBP
EUR 0.0005 ordinary SWAP Long 603 5.4667 GBP
EUR 0.0005 ordinary SWAP Long 1,300 5.5056 GBP
EUR 0.0005 ordinary CFD Long 1,675 5.4652 GBP
EUR 0.0005 ordinary CFD Long 4,642 5.4573 GBP
EUR 0.0005 ordinary CFD Long 5,059 5.4651 GBP
EUR 0.0005 ordinary CFD Long 10,155 5.4837 GBP
EUR 0.0005 ordinary CFD Long 16,775 5.4996 GBP
EUR 0.0005 ordinary SWAP Long 18,036 5.4796 GBP
EUR 0.0005 ordinary SWAP Long 55,944 5.4778 GBP
EUR 0.0005 ordinary CFD Long 97,808 5.4745 GBP
EUR 0.0005 ordinary CFD Long 134,235 5.4763 GBP
EUR 0.0005 ordinary CFD Long 464,108 5.4995 GBP
EUR 0.0005 ordinary SWAP Short 475 5.5100 GBP
EUR 0.0005 ordinary CFD Short 900 5.4264 GBP
EUR 0.0005 ordinary CFD Short 3,101 5.5023 GBP
EUR 0.0005 ordinary CFD Short 4,646 5.4702 GBP
EUR 0.0005 ordinary SWAP Short 5,761 5.4748 GBP
EUR 0.0005 ordinary SWAP Short 6,682 5.4819 GBP
EUR 0.0005 ordinary SWAP Short 8,336 5.4869 GBP
EUR 0.0005 ordinary SWAP Short 15,266 5.5097 GBP
EUR 0.0005 ordinary SWAP Short 18,289 5.4851 GBP
EUR 0.0005 ordinary CFD Short 31,556 5.4633 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: 2 Jul 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: 650643
Time of Receipt (offset from UTC): 20180702T112008+0100

Contacts

BARCLAYS PLC

Contacts

BARCLAYS PLC