Form 8.3 - Inmarsat - Amendment

LONDON--()--

FORM 8.3 Amendment to Sale

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:   03 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: 4,368,062 0.95% 5,903,602 1.28%
                     
(2) Cash-settled derivatives:
525,767 0.11% 90,963 0.02%
                     
(3) Stock-settled derivatives (including options)
and agreements to purchase/sell: 0 0.00% 0 0.00%
                     
(4)
TOTAL: 4,893,829 1.06% 5,994,565 1.30%
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   1   5.4440 GBP
EUR 0.0005 ordinary   Purchase   3   5.4420 GBP
EUR 0.0005 ordinary   Purchase   62   5.1668 GBP
EUR 0.0005 ordinary   Purchase   387   5.0540 GBP
EUR 0.0005 ordinary   Purchase   750   5.0680 GBP
EUR 0.0005 ordinary   Purchase   1,197   5.1320 GBP
EUR 0.0005 ordinary   Purchase   1,291   5.1212 GBP
EUR 0.0005 ordinary   Purchase   1,848   5.1880 GBP
EUR 0.0005 ordinary   Purchase   1,856   5.1840 GBP
EUR 0.0005 ordinary   Purchase   2,546   5.1634 GBP
EUR 0.0005 ordinary   Purchase   2,547   5.1230 GBP
EUR 0.0005 ordinary   Purchase   4,544   5.1787 GBP
EUR 0.0005 ordinary   Purchase   5,732   5.4685 GBP
EUR 0.0005 ordinary   Purchase   7,927   5.1137 GBP
EUR 0.0005 ordinary   Purchase   9,298   5.1550 GBP
EUR 0.0005 ordinary   Purchase   10,939   5.0571 GBP
EUR 0.0005 ordinary   Purchase   13,130   5.1232 GBP
EUR 0.0005 ordinary   Purchase   16,062   5.1543 GBP
EUR 0.0005 ordinary   Purchase   17,347   5.4054 GBP
EUR 0.0005 ordinary   Purchase   22,000   5.1520 GBP
EUR 0.0005 ordinary   Purchase   24,256   5.1746 GBP
EUR 0.0005 ordinary   Purchase   25,151   5.1270 GBP
EUR 0.0005 ordinary   Purchase   27,049   5.3912 GBP
EUR 0.0005 ordinary   Purchase   28,435   5.0630 GBP
EUR 0.0005 ordinary   Purchase   29,362   5.1143 GBP
EUR 0.0005 ordinary   Purchase   29,692   5.4713 GBP
EUR 0.0005 ordinary   Purchase   43,821   5.1140 GBP
EUR 0.0005 ordinary   Purchase   50,000   5.1169 GBP
EUR 0.0005 ordinary   Purchase  

119,320

  5.0520 GBP
EUR 0.0005 ordinary   Purchase   121,048   5.1725 GBP
EUR 0.0005 ordinary   Purchase   227,612   5.1244 GBP
EUR 0.0005 ordinary   Purchase   347,255   5.1694 GBP
EUR 0.0005 ordinary   Sale   4   5.3820 GBP
EUR 0.0005 ordinary   Sale   171   5.4520 GBP
EUR 0.0005 ordinary   Sale   500   5.0360 GBP
EUR 0.0005 ordinary   Sale   925   5.4511 GBP
EUR 0.0005 ordinary   Sale   956   5.1550 GBP
EUR 0.0005 ordinary   Sale   1,036   5.3095 GBP
EUR 0.0005 ordinary   Sale   1,124   5.4700 GBP
EUR 0.0005 ordinary   Sale   1,197   5.1320 GBP
EUR 0.0005 ordinary   Sale   1,218   5.4800 GBP
EUR 0.0005 ordinary   Sale   1,431   5.1197 GBP
EUR 0.0005 ordinary   Sale   1,848   5.1880 GBP
EUR 0.0005 ordinary   Sale   1,856   5.1840 GBP
EUR 0.0005 ordinary   Sale   2,109   5.1387 GBP
EUR 0.0005 ordinary   Sale   2,547   5.1230 GBP
EUR 0.0005 ordinary   Sale   2,676   5.1191 GBP
EUR 0.0005 ordinary   Sale   2,683   5.4944 GBP
EUR 0.0005 ordinary   Sale   2,951   5.0943 GBP
EUR 0.0005 ordinary   Sale   3,200   5.1140 GBP
EUR 0.0005 ordinary   Sale   3,643   5.1345 GBP
EUR 0.0005 ordinary   Sale   5,140   5.1917 GBP
EUR 0.0005 ordinary   Sale   5,727   5.1146 GBP
EUR 0.0005 ordinary   Sale   8,033   5.1902 GBP
EUR 0.0005 ordinary   Sale   8,390   5.4237 GBP
EUR 0.0005 ordinary   Sale   9,303   5.1526 GBP
EUR 0.0005 ordinary   Sale   9,825   5.1163 GBP
EUR 0.0005 ordinary   Sale   10,369   5.1397 GBP
EUR 0.0005 ordinary   Sale   12,013   5.0942 GBP
EUR 0.0005 ordinary   Sale   15,749   5.4731 GBP
EUR 0.0005 ordinary   Sale   20,996   5.1088 GBP
EUR 0.0005 ordinary   Sale   22,000   5.1520 GBP
EUR 0.0005 ordinary   Sale   29,430   5.0957 GBP
EUR 0.0005 ordinary   Sale   30,231   5.1180 GBP
EUR 0.0005 ordinary   Sale   30,944   5.1175 GBP
EUR 0.0005 ordinary   Sale   32,256   5.1938 GBP
EUR 0.0005 ordinary   Sale   33,603   5.4701 GBP
EUR 0.0005 ordinary   Sale   39,783   5.1162 GBP
EUR 0.0005 ordinary   Sale   40,000   5.0343 GBP
EUR 0.0005 ordinary   Sale   52,175   5.2310 GBP
EUR 0.0005 ordinary   Sale   66,907   5.1044 GBP
EUR 0.0005 ordinary   Sale   85,696   5.1216 GBP
EUR 0.0005 ordinary   Sale   122,233   5.1179 GBP
EUR 0.0005 ordinary   Sale   149,228   5.1664 GBP
EUR 0.0005 ordinary   Sale   172,919   5.2421 GBP
Convertible Bond   Sale  

400,000

  126.6250 USD

NB: The below transactions which were previously disclosed have been cancelled

Class of relevant   Purchase/sale   Number of   Price per unit
security       securities    
ORD   Purchase   59,660   5.0520 GBP
Convertible Bond Sale 400,000 126.6250 USD

(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   1,958   5.4685 GBP
EUR 0.0005 ordinary   CFD   Long   2,109   5.1387 GBP
EUR 0.0005 ordinary   SWAP   Long   2,904   5.1232 GBP
EUR 0.0005 ordinary   CFD   Long   3,643   5.1345 GBP
EUR 0.0005 ordinary   CFD   Long   3,687   5.1009 GBP
EUR 0.0005 ordinary   SWAP   Long   5,020   5.4019 GBP
EUR 0.0005 ordinary   CFD   Long   5,140   5.1917 GBP
EUR 0.0005 ordinary   SWAP   Long   5,143   5.0968 GBP
EUR 0.0005 ordinary   CFD   Long   5,727   5.1146 GBP
EUR 0.0005 ordinary   CFD   Long   6,347   5.1175 GBP
EUR 0.0005 ordinary   SWAP   Long   6,400   5.4263 GBP
EUR 0.0005 ordinary   CFD   Long   8,033   5.1902 GBP
EUR 0.0005 ordinary   CFD   Long   8,390   5.4237 GBP
EUR 0.0005 ordinary   CFD   Long   20,996   5.1088 GBP
EUR 0.0005 ordinary   CFD   Long   29,430   5.0957 GBP
EUR 0.0005 ordinary   SWAP   Long   32,683   5.1137 GBP
EUR 0.0005 ordinary   CFD   Long   40,000   5.0343 GBP
EUR 0.0005 ordinary   CFD   Long   60,560   5.1031 GBP
EUR 0.0005 ordinary   SWAP   Long   75,906   5.3085 GBP
EUR 0.0005 ordinary   SWAP   Long   137,439   5.1912 GBP
EUR 0.0005 ordinary   CFD   Long   149,228   5.1664 GBP
EUR 0.0005 ordinary   CFD   Short   1,000   5.0372 GBP
EUR 0.0005 ordinary   CFD   Short   1,000   5.0378 GBP
EUR 0.0005 ordinary   CFD   Short   1,000   5.0471 GBP
EUR 0.0005 ordinary   CFD   Short   1,000   5.0599 GBP
EUR 0.0005 ordinary   CFD   Short   1,000   5.0744 GBP
EUR 0.0005 ordinary   CFD   Short   1,000   5.0764 GBP
EUR 0.0005 ordinary   CFD   Short   1,000   5.0765 GBP
EUR 0.0005 ordinary   CFD   Short   1,000   5.0784 GBP
EUR 0.0005 ordinary   CFD   Short   1,000   5.0797 GBP
EUR 0.0005 ordinary   CFD   Short   1,000   5.0804 GBP
EUR 0.0005 ordinary   CFD   Short   1,000   5.0824 GBP
EUR 0.0005 ordinary   CFD   Short   1,000   5.1104 GBP
EUR 0.0005 ordinary   CFD   Short   1,000   5.1124 GBP
EUR 0.0005 ordinary   CFD   Short   1,000   5.1134 GBP
EUR 0.0005 ordinary   CFD   Short   1,000   5.1155 GBP
EUR 0.0005 ordinary   CFD   Short   1,000   5.1204 GBP
EUR 0.0005 ordinary   CFD   Short   1,000   5.1262 GBP
EUR 0.0005 ordinary   CFD   Short   1,000   5.1304 GBP
EUR 0.0005 ordinary   CFD   Short   1,000   5.1313 GBP
EUR 0.0005 ordinary   CFD   Short   1,000   5.1344 GBP
EUR 0.0005 ordinary   CFD   Short   1,000   5.1345 GBP
EUR 0.0005 ordinary   CFD   Short   1,000   5.1364 GBP
EUR 0.0005 ordinary   CFD   Short   1,000   5.1380 GBP
EUR 0.0005 ordinary   SWAP   Short   1,291   5.1212 GBP
EUR 0.0005 ordinary   SWAP   Short   11,024   5.3992 GBP
EUR 0.0005 ordinary   CFD   Short   17,347   5.4054 GBP
EUR 0.0005 ordinary   CFD   Short   27,049   5.3912 GBP
EUR 0.0005 ordinary   CFD   Short   29,362   5.1143 GBP
EUR 0.0005 ordinary   SWAP   Short   31,893   5.1267 GBP
EUR 0.0005 ordinary   SWAP   Short   35,439   5.1326 GBP
EUR 0.0005 ordinary   SWAP   Short   36,529   5.1205 GBP
EUR 0.0005 ordinary   CFD   Short   121,431   5.1144 GBP
EUR 0.0005 ordinary   SWAP   Short   130,427   5.1929 GBP
EUR 0.0005 ordinary   SWAP   Short   157,697   5.1940 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”

 

(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”

 

(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: 650989
Time of Receipt (offset from UTC): 20180705T191318+0100

Contacts

BARCLAYS PLC

Contacts

BARCLAYS PLC