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: 04 July 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: 4,430,234 0.96% 5,574,459 1.21%
           
(2) Cash-settled derivatives:
231,966 0.05% 174,370 0.04%
           
(3) Stock-settled derivatives (including options)
and agreements to purchase/sell: 0 0.00% 0 0.00%
           
(4)
TOTAL: 4,662,200 1.01% 5,748,829 1.25%
 
Class of relevant security: Convertible Bond XS1486508887
Interests Short Positions
    Number (%) Number (%)
(1) Relevant securities owned
and/or controlled: 7,800,000 1.20% 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: 7,800,000 1.20% 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 500 5.2960 GBP
EUR 0.0005 ordinary Purchase 500 5.2592 GBP
EUR 0.0005 ordinary Purchase 1,893 5.2860 GBP
EUR 0.0005 ordinary Purchase 1,914 5.3151 GBP
EUR 0.0005 ordinary Purchase 4,132 5.2787 GBP
EUR 0.0005 ordinary Purchase 6,454 5.2893 GBP
EUR 0.0005 ordinary Purchase 7,437 5.3232 GBP
EUR 0.0005 ordinary Purchase 9,000 5.2191 GBP
EUR 0.0005 ordinary Purchase 18,171 5.2357 GBP
EUR 0.0005 ordinary Purchase 32,577 5.3016 GBP
EUR 0.0005 ordinary Purchase 42,824 5.2568 GBP
EUR 0.0005 ordinary Purchase 43,865 5.1656 GBP
EUR 0.0005 ordinary Purchase 71,127 5.2360 GBP
EUR 0.0005 ordinary Purchase 122,979 5.2997 GBP
EUR 0.0005 ordinary Purchase 468,375 5.2627 GBP
EUR 0.0005 ordinary Sale 216 5.3092 GBP
EUR 0.0005 ordinary Sale 788 5.2833 GBP
EUR 0.0005 ordinary Sale 1,066 5.3165 GBP
EUR 0.0005 ordinary Sale 1,455 5.2356 GBP
EUR 0.0005 ordinary Sale 1,809 5.2789 GBP
EUR 0.0005 ordinary Sale 3,836 5.2794 GBP
EUR 0.0005 ordinary Sale 3,983 5.3187 GBP
EUR 0.0005 ordinary Sale 4,292 5.1639 GBP
EUR 0.0005 ordinary Sale 7,832 5.1620 GBP
EUR 0.0005 ordinary Sale 10,357 5.1676 GBP
EUR 0.0005 ordinary Sale 10,735 5.2897 GBP
EUR 0.0005 ordinary Sale 11,510 5.2745 GBP
EUR 0.0005 ordinary Sale 13,337 5.2424 GBP
EUR 0.0005 ordinary Sale 13,533 5.3110 GBP
EUR 0.0005 ordinary Sale 35,873 5.3311 GBP
EUR 0.0005 ordinary Sale 52,536 5.2830 GBP
EUR 0.0005 ordinary Sale 76,652 5.2937 GBP
EUR 0.0005 ordinary Sale 82,023 5.1905 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 694 5.2370 GBP
EUR 0.0005 ordinary SWAP Long 1,277 5.2595 GBP
EUR 0.0005 ordinary CFD Long 1,455 5.2356 GBP
EUR 0.0005 ordinary SWAP Long 1,548 5.1226 GBP
EUR 0.0005 ordinary CFD Long 1,809 5.2789 GBP
EUR 0.0005 ordinary CFD Long 5,378 5.2936 GBP
EUR 0.0005 ordinary SWAP Long 8,968 5.2357 GBP
EUR 0.0005 ordinary CFD Long 10,735 5.2897 GBP
EUR 0.0005 ordinary SWAP Long 22,289 5.2823 GBP
EUR 0.0005 ordinary CFD Long 24,000 5.1465 GBP
EUR 0.0005 ordinary SWAP Long 30,684 5.2717 GBP
EUR 0.0005 ordinary CFD Long 35,873 5.3311 GBP
EUR 0.0005 ordinary SWAP Long 82,664 5.2990 GBP
EUR 0.0005 ordinary SWAP Short 900 5.3073 GBP
EUR 0.0005 ordinary SWAP Short 2,000 5.1300 GBP
EUR 0.0005 ordinary SWAP Short 2,336 5.2749 GBP
EUR 0.0005 ordinary SWAP Short 3,200 5.2631 GBP
EUR 0.0005 ordinary CFD Short 4,132 5.2787 GBP
EUR 0.0005 ordinary CFD Short 5,495 5.2826 GBP
EUR 0.0005 ordinary CFD Short 6,454 5.2893 GBP
EUR 0.0005 ordinary CFD Short 14,285 5.2776 GBP
EUR 0.0005 ordinary CFD Short 32,577 5.3016 GBP
EUR 0.0005 ordinary SWAP Short 35,904 5.2691 GBP
EUR 0.0005 ordinary SWAP Short 41,224 5.2360 GBP
EUR 0.0005 ordinary SWAP Short 103,727 5.3072 GBP
EUR 0.0005 ordinary CFD Short 182,264 5.2364 GBP
EUR 0.0005 ordinary SWAP Short 285,084 5.2808 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: 5 Jul 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: 650972
Time of Receipt (offset from UTC): 20180705T165240+0100

Contacts

BARCLAYS PLC

Contacts

BARCLAYS PLC