Barclays PLC — Director's Dealing 2019

Sep 26, 2019

National Storage Mechanism | Additional information

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FORM 8.5 (EPT/NON-RI) - INMARSAT PLC - AMENDMENT

FORM 8.5 (EPT/NON-RI) - Amendment to Sales

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN

EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY (“RI”) STATUS (OR WHERE RI STATUS IS NOT APPLICABLE)

Rule 8.5 of the Takeover Code (the “Code”)

1. KEY INFORMATION

(a)	Name of exempt principal trader:	BARCLAYS CAPITAL SECURITIES LTD
(b)	Name of offeror/offeree in relation to whose	INMARSAT PLC
	relevant securities this form relates:
(c)	Name of the party to the offer with which exempt	Connect Bidco Limited owned by a consortium of funds advised by Apax Partners LLP; funds advised by Warburg Pincus or its affiliates; Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan
	principal trader is connected
(d)	Date position held/dealing undertaken:	12 September 2019
(e)	In addition to the company in 1(b) above, is the exempt principal	NO:
	trader making disclosures in respect of any other party to the offer?

2. POSITIONS OF THE EXEMPT PRINCIPAL TRADER

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(b), 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:	15,626,918	3.37%	2,443,942	0.53%
(2)	Cash-settled derivatives:
		179,933	0.04%	14,053,893	3.03%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:	0	0.00%	0	0.00%
	TOTAL:	15,806,851	3.41%	16,497,835	3.56%
Class of relevant security:		Convertible Bond XS1486508887
		Interests		Short Positions
		Number	(%)	Number	(%)
(1)	Relevant securities owned
	and/or controlled:	4,600,000	0.71%	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:	4,600,000	0.71%	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 EXEMPT PRINCIPAL TRADER

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), 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	Total number of	Highest price per unit	Lowest price per unit
security		securities	paid/received	paid/received
EUR 0.0005 ordinary	Purchase	428,639	5.9225 GBP	5.8802 GBP
EUR 0.0005 ordinary	Sale	593,494	5.9120 GBP	5.873 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	CFD	Long	4,060	5.8812 GBP
EUR 0.0005 ordinary	CFD	Long	4,897	5.9115 GBP
EUR 0.0005 ordinary	CFD	Long	16,697	5.8933 GBP
EUR 0.0005 ordinary	SWAP	Long	19,740	5.9010 GBP
EUR 0.0005 ordinary	SWAP	Long	20,471	5.8887 GBP
EUR 0.0005 ordinary	SWAP	Long	28,793	5.8827 GBP
EUR 0.0005 ordinary	SWAP	Long	300,000	5.8730 GBP
EUR 0.0005 ordinary	SWAP	Short	3	5.8866 GBP
EUR 0.0005 ordinary	SWAP	Short	7	5.8885 GBP
EUR 0.0005 ordinary	SWAP	Short	7	5.9011 GBP
EUR 0.0005 ordinary	SWAP	Short	12	5.8891 GBP
EUR 0.0005 ordinary	SWAP	Short	74	5.8970 GBP
EUR 0.0005 ordinary	SWAP	Short	82	5.8967 GBP
EUR 0.0005 ordinary	SWAP	Short	120	5.8844 GBP
EUR 0.0005 ordinary	SWAP	Short	173	5.8845 GBP
EUR 0.0005 ordinary	SWAP	Short	206	5.8802 GBP
EUR 0.0005 ordinary	SWAP	Short	233	5.8895 GBP
EUR 0.0005 ordinary	SWAP	Short	304	5.9032 GBP
EUR 0.0005 ordinary	SWAP	Short	431	5.8976 GBP
EUR 0.0005 ordinary	SWAP	Short	547	5.8985 GBP
EUR 0.0005 ordinary	SWAP	Short	734	5.8977 GBP
EUR 0.0005 ordinary	SWAP	Short	776	5.9046 GBP
EUR 0.0005 ordinary	SWAP	Short	1,364	5.8998 GBP
EUR 0.0005 ordinary	SWAP	Short	1,623	5.8894 GBP
EUR 0.0005 ordinary	SWAP	Short	1,663	5.9047 GBP
EUR 0.0005 ordinary	SWAP	Short	2,930	5.8997 GBP
EUR 0.0005 ordinary	SWAP	Short	14,523	5.9056 GBP
EUR 0.0005 ordinary	CFD	Short	16,145	5.8937 GBP
EUR 0.0005 ordinary	SWAP	Short	19,398	5.8870 GBP
EUR 0.0005 ordinary	CFD	Short	28,009	5.8974 GBP
EUR 0.0005 ordinary	SWAP	Short	290,000	8.9966 USD

(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 exempt principal trader 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 exempt principal trader 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:	26 Sep 2019
Contact name:	Large Holdings Regulatory Operations
Telephone number:	020 3134 7213

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.

BARCLAYS PLC

View source version on businesswire.com: https://www.businesswire.com/news/home/20190926005539/en/