24th Jul 2019 11:15
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: | Jefferies International Limited |
(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. |
N/A |
(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: |
N/A |
(e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure | 23rd July 2019 |
(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" |
N/A |
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:
| Convertible Bond | |||
| Interests | Short positions | ||
| Number | % | Number | % |
(1) Relevant securities owned and/or controlled: | 0 | 0 | 0 | 0 |
(2) Cash-settled derivatives:
| 0 | 0 | 0 | 0 |
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0 | 0 | 0 |
TOTAL: | 0 | 0 | 0 | 0 |
Class of relevant security:
| EUR 0.0005 ordinary | |||
| Interests | Short positions | ||
| Number | % | Number | % |
(1) Relevant securities owned and/or controlled: | 1,794,722 | 0.38 | 0 | 0 |
(2) Cash-settled derivatives:
| 9,630,000 | 2.07 | 11,424,722 | 2.46 |
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0 | 0 | 0 |
TOTAL: | 11,424,722 | 2.46 | 11,424,722 | 2.46 |
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 security | Purchase/sale
| Number of securities | Price per unit |
Convertible Bond
Euro 0.0005 ordinary |
Purchase
Total
Sale
Total
Purchase
Total
Sale
Total |
1,000,000 5,000,000
6,000,000
4,000,000 2,000,000
6,000,000
50,000 865,000 76,936 600,000 127 18,357 4,000 1,176,909 1,284 1,000,000 1,450 87,914 71,922 132,411 7,719 82,905 39,751 9,462 100,000 600,000 198,182 1,818 14,799 1,800,000
6,940,946
100,000 1,878 10,482 39,518 100,000 4,328 74,954 20,718 10,000 938,401 200,000 23,259 250,000 500,000 483 75,000 64,856 4,161 36,819 16,097 14,585 1,690 7,262 3,574 7,103 6,598 61,917 14,973 150,000 33,047 2,659 100,000 50,000 3,650 200,000 416,603 1,537 28,810 3,051 7,140 34,069 9,178 6,228 1,795 1,216 100,000 138,508 14,799 2,600,000 250,000
6,740,946
|
144.7500 USD 145.0000 USD
145.2000 USD 145.2500 USD
552.7200 GBX 553.6750 GBX 553.8000 GBX 553.8300 GBX 554.0000 GBX 554.1415 GBX 554.2000 GBX 554.3659 GBX 554.4000 GBX 554.4770 GBX 554.5000 GBX 554.6000 GBX 554.6043 GBX 554.7000 GBX 554.7873 GBX 555.0000 GBX 555.0896 GBX 555.1000 GBX 555.2000 GBX 555.5009 GBX 555.8422 GBX 556.5000 GBX 556.8000 GBX 558.0000 GBX
550.1800 GBX 552.2000 GBX 552.8000 GBX 552.8025 GBX 553.9000 GBX 554.0000 GBX 554.0003 GBX 554.0199 GBX 554.0737 GBX 554.0858 GBX 554.1400 GBX 554.2525 GBX 554.4000 GBX 554.4545 GBX 554.5371 GBX 554.5510 GBX 554.6000 GBX 554.6207 GBX 554.6653 GBX 554.6662 GBX 554.7485 GBX 554.7737 GBX 554.7738 GBX 554.8000 GBX 554.8794 GBX 554.9074 GBX 555.0000 GBX 555.0520 GBX 555.0950 GBX 555.1170 GBX 555.2000 GBX 555.3000 GBX 555.3500 GBX 555.4000 GBX 555.6510 GBX 556.0000 GBX 556.0718 GBX 556.1469 GBX 556.1475 GBX 556.1590 GBX 556.2588 GBX 556.2835 GBX 556.2837 GBX 556.3209 GBX 556.3770 GBX 556.5023 GBX 556.6000 GBX 557.0000 GBX 558.0000 GBX 692.7143 GBX |
(b) Cash-settled derivative transactions
Class of relevant security | Product description e.g. CFD | Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position | Number of reference securities | Price per unit |
Euro 0.0005 ordinary
|
Swap
Swap
Swap
Swap
Swap
Swap
Swap
Swap
Swap
Swap
Swap
Swap
Swap
Swap
Swap
Swap
Swap
Swap |
Opening a long position
Reducing a short position
Reducing a long position
Reducing a long position
Reducing a long position
Reducing a long position
Reducing a long position
Reducing a long position
Reducing a long position
Reducing a long position
Reducing a long position
Reducing a long position
Reducing a long position
Reducing a long position
Reducing a long position
Reducing a long position
Reducing a long position
Reducing a long position
|
2,000,000
600,000
31,253
402,732
381,973
184,042
120,333
15,627
190,986
92,021
81,033
329,790
523,552
158,946
22,079
18,551
166,774
80,308
|
6.9300 USD
6.9064 USD
6.8977 USD
6.8977 USD
6.8977 USD
6.8977 USD
6.9005 USD
6.9005 USD
6.9005 USD
6.9005 USD
6.9005 USD
6.9096 USD
6.9096 USD
6.9096 USD
6.9096 USD
6.9096 USD
6.9096 USD
6.9096 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 |
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(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
|
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(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) |
|
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|
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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: | 24th July 2019 |
| Contact name: | Zara Watters |
| Telephone number*: | 020 7029 8661 |
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.
*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel's Market Surveillance Unit.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
Related Shares:
Inmarsat