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 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

 

02 JULY 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: 4,649,853 1.01% 6,266,776 1.36%
           
(2) Cash-settled derivatives:
648,069 0.14% 210,761 0.05%
           
(3) Stock-settled derivatives (including options)
and agreements to purchase/sell: 0 0.00% 0 0.00%
           
(4)
TOTAL: 5,297,922 1.15% 6,477,537 1.40%
 
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%
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 12 5.4626 GBP
EUR 0.0005 ordinary Purchase 203 5.4539 GBP
EUR 0.0005 ordinary Purchase 572 5.4730 GBP
EUR 0.0005 ordinary Purchase 830 5.4629 GBP
EUR 0.0005 ordinary Purchase 841 5.4370 GBP
EUR 0.0005 ordinary Purchase 841 5.4560 GBP
EUR 0.0005 ordinary Purchase 841 5.4520 GBP
EUR 0.0005 ordinary Purchase 987 5.4699 GBP
EUR 0.0005 ordinary Purchase 1,017 5.4294 GBP
EUR 0.0005 ordinary Purchase 1,304 5.4530 GBP
EUR 0.0005 ordinary Purchase 1,923 5.4540 GBP
EUR 0.0005 ordinary Purchase 2,540 5.4462 GBP
EUR 0.0005 ordinary Purchase 2,841 5.4515 GBP
EUR 0.0005 ordinary Purchase 3,625 5.4721 GBP
EUR 0.0005 ordinary Purchase 3,878 5.4464 GBP
EUR 0.0005 ordinary Purchase 4,757 5.4468 GBP
EUR 0.0005 ordinary Purchase 5,344 5.4491 GBP
EUR 0.0005 ordinary Purchase 5,435 5.4440 GBP
EUR 0.0005 ordinary Purchase 5,965 5.4510 GBP
EUR 0.0005 ordinary Purchase 7,000 5.4973 GBP
EUR 0.0005 ordinary Purchase 7,788 5.4500 GBP
EUR 0.0005 ordinary Purchase 8,051 5.5307 GBP
EUR 0.0005 ordinary Purchase 27,050 5.4582 GBP
EUR 0.0005 ordinary Purchase 28,723 5.4567 GBP
EUR 0.0005 ordinary Purchase 30,000 5.4556 GBP
EUR 0.0005 ordinary Purchase 31,155 5.4437 GBP
EUR 0.0005 ordinary Purchase 68,512 5.4693 GBP
EUR 0.0005 ordinary Purchase 84,770 5.4465 GBP
EUR 0.0005 ordinary Purchase 140,123 5.4610 GBP
EUR 0.0005 ordinary Sale 67 5.5060 GBP
EUR 0.0005 ordinary Sale 310 5.5420 GBP
EUR 0.0005 ordinary Sale 345 5.5340 GBP
EUR 0.0005 ordinary Sale 621 5.4436 GBP
EUR 0.0005 ordinary Sale 841 5.4370 GBP
EUR 0.0005 ordinary Sale 841 5.4560 GBP
EUR 0.0005 ordinary Sale 841 5.4520 GBP
EUR 0.0005 ordinary Sale 842 5.4635 GBP
EUR 0.0005 ordinary Sale 872 5.4435 GBP
EUR 0.0005 ordinary Sale 911 5.4961 GBP
EUR 0.0005 ordinary Sale 932 5.4782 GBP
EUR 0.0005 ordinary Sale 1,094 5.4987 GBP
EUR 0.0005 ordinary Sale 1,304 5.4530 GBP
EUR 0.0005 ordinary Sale 1,363 5.4742 GBP
EUR 0.0005 ordinary Sale 1,442 5.5217 GBP
EUR 0.0005 ordinary Sale 1,923 5.4540 GBP
EUR 0.0005 ordinary Sale 2,736 5.4486 GBP
EUR 0.0005 ordinary Sale 3,412 5.4551 GBP
EUR 0.0005 ordinary Sale 3,677 5.4847 GBP
EUR 0.0005 ordinary Sale 4,458 5.4440 GBP
EUR 0.0005 ordinary Sale 4,793 5.4510 GBP
EUR 0.0005 ordinary Sale 6,000 5.4324 GBP
EUR 0.0005 ordinary Sale 6,049 5.4649 GBP
EUR 0.0005 ordinary Sale 7,630 5.4655 GBP
EUR 0.0005 ordinary Sale 7,788 5.4500 GBP
EUR 0.0005 ordinary Sale 8,459 5.5003 GBP
EUR 0.0005 ordinary Sale 10,224 5.4902 GBP
EUR 0.0005 ordinary Sale 11,359 5.4763 GBP
EUR 0.0005 ordinary Sale 15,958 5.4642 GBP
EUR 0.0005 ordinary Sale 27,839 5.4652 GBP
EUR 0.0005 ordinary Sale 30,368 5.5009 GBP
EUR 0.0005 ordinary Sale 42,842 5.5131 GBP
EUR 0.0005 ordinary Sale 59,518 5.4521 GBP
EUR 0.0005 ordinary Sale 82,598 5.4839 GBP
EUR 0.0005 ordinary Sale 123,674 5.4611 GBP
EUR 0.0005 ordinary Sale 149,898 5.4670 GBP
EUR 0.0005 ordinary Sale 167,800 5.5158 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 21 5.4638 GBP
EUR 0.0005 ordinary CFD Long 161 5.4781 GBP
EUR 0.0005 ordinary SWAP Long 387 5.4500 GBP
EUR 0.0005 ordinary CFD Long 621 5.4436 GBP
EUR 0.0005 ordinary CFD Long 640 5.4485 GBP
EUR 0.0005 ordinary CFD Long 771 5.4782 GBP
EUR 0.0005 ordinary CFD Long 872 5.4435 GBP
EUR 0.0005 ordinary SWAP Long 933 5.5019 GBP
EUR 0.0005 ordinary SWAP Long 1,231 5.5347 GBP
EUR 0.0005 ordinary CFD Long 2,096 5.4486 GBP
EUR 0.0005 ordinary SWAP Long 3,418 5.4440 GBP
EUR 0.0005 ordinary SWAP Long 4,355 5.4891 GBP
EUR 0.0005 ordinary SWAP Long 4,650 5.5162 GBP
EUR 0.0005 ordinary SWAP Long 6,462 5.5132 GBP
EUR 0.0005 ordinary CFD Long 7,630 5.4655 GBP
EUR 0.0005 ordinary CFD Long 10,224 5.4902 GBP
EUR 0.0005 ordinary SWAP Long 10,277 5.4451 GBP
EUR 0.0005 ordinary CFD Long 11,359 5.4763 GBP
EUR 0.0005 ordinary CFD Long 15,958 5.4642 GBP
EUR 0.0005 ordinary SWAP Long 42,009 5.4982 GBP
EUR 0.0005 ordinary CFD Long 42,842 5.5131 GBP
EUR 0.0005 ordinary SWAP Long 46,511 5.4779 GBP
EUR 0.0005 ordinary CFD Long 149,898 5.4670 GBP
EUR 0.0005 ordinary CFD Long 167,800 5.5158 GBP
EUR 0.0005 ordinary SWAP Short 513 5.4961 GBP
EUR 0.0005 ordinary CFD Short 572 5.4730 GBP
EUR 0.0005 ordinary SWAP Short 922 5.4909 GBP
EUR 0.0005 ordinary CFD Short 1,172 5.4510 GBP
EUR 0.0005 ordinary CFD Short 2,766 5.4491 GBP
EUR 0.0005 ordinary SWAP Short 2,905 5.4440 GBP
EUR 0.0005 ordinary CFD Short 3,679 5.4444 GBP
EUR 0.0005 ordinary CFD Short 3,687 5.4615 GBP
EUR 0.0005 ordinary SWAP Short 6,021 5.4937 GBP
EUR 0.0005 ordinary SWAP Short 7,678 5.4533 GBP
EUR 0.0005 ordinary SWAP Short 9,462 5.4561 GBP
EUR 0.0005 ordinary CFD Short 34,712 5.4515 GBP
EUR 0.0005 ordinary SWAP Short 34,712 5.4515 GBP
EUR 0.0005 ordinary SWAP Short 39,449 5.4806 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:  

3 JULY 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 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: 650806
Time of Receipt (offset from UTC): 20180703T114841+0100

Contacts

BARCLAYS PLC

Contacts

BARCLAYS PLC