Carlson Cap L.P. Form 8.3 - Inmarsat PLC

 
TIDMISAT 
 
 

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:               Carlson Capital, L.P. 
(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               Inmarsat plc 
in relation to whose                      (XS1486508887 and GB00B09LSH68) 
relevant securities this form relates: 
Use a separate form for 
each offeror/offeree 
(d) If an exempt fund manager connected 
with an offeror/offeree, 
state this and specify identity 
of offeror/offeree: 
(e) Date position held/dealing            December 03 2019 
undertaken: 
For an opening position disclosure, 
state the latest 
practicable date prior to the disclosure 
(f) In addition to the company in         NO 
1(c) above, is the discloser              If YES, specify which: 
making disclosures in respect of 
any other party to the offer?             N/A 
If it is a cash offer or possible 
cash offer, state "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: 
Class: Convertible Bond 
ISIN: XS1486508887 
                                  Interests        Short positions 
                                  Number %         Number % 
(1) Relevant securities owned 
and/or controlled: 
(2) Cash-settled derivatives: 
 
(3) Stock-settled derivatives 
(including options) 
and agreements to purchase/sell: 
 
TOTAL: 
 
 
Class of relevant security: 
Class: EUR 0.0005 ordinary 
ISIN: GB00B09LSH68 
                             Interests           Short positions 
                             Number    %         Number % 
(1) Relevant securities      100       .000021% 
owned 
and/or controlled: 
(2) Cash-settled             9,071,156 1.93097% 
derivatives: 
 
(3) Stock-settled 
derivatives 
(including options) 
and agreements to 
purchase/sell: 
                             9,071,256 1.93099% 
TOTAL: 
 
 

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 securities Price per unit 
security                                              (net) 
 
 

(b) Cash-settled derivative transactions

 
Class of    Product     Nature of           Number of reference Price per unit 
relevant    description dealing             securities          (net) 
security    e.g. CFD    e.g. 
                        opening/closing 
                        a 
                        long/short 
                        position, 
                        increasing/reducing 
                        a 
                        long/short 
                        position 
EUR 0.0005  Equity Swap Decreasing an       1,000,000           7.0551 USD 
ordinary    Equity Swap existing            250,000             7.0501 USD 
EUR 0.0005  Equity Swap long position       500,000             7.052565 USD 
ordinary    Equity Swap Decreasing an       190,000             7.0451 USD 
EUR 0.0005  Equity Swap existing            1,000,000           7.046486 USD 
ordinary    Equity Swap long position       500,000             7.065064 USD 
EUR 0.0005  Equity Swap Decreasing an       100,000             7.045075 USD 
ordinary    Equity Swap existing            1,500,000           7.055057 USD 
EUR 0.0005  Equity Swap long position       1,179,859           7.04506 USD 
ordinary                Decreasing an 
EUR 0.0005              existing 
ordinary                long position 
EUR 0.0005              Decreasing an 
ordinary                existing 
EUR 0.0005              long position 
ordinary                Decreasing an 
EUR 0.0005              existing 
ordinary                long position 
                        Decreasing an 
                        existing 
                        long position 
                        Decreasing an 
                        existing 
                        long position 
                        Decreasing an 
                        existing 
                        long position 
 
 

(c) Stock-settled derivative transactions (including options)

(i) Writing, selling, purchasing or varying

 
Class of  Product     Writing,    Number     Exercise Type      Expiry date Option 
relevant  description purchasing, of         price    e.g.                  money 
security  e.g.        selling,    securities per unit American,             paid/ 
          call        varying     to                  European              received 
          option      etc.        which               etc.                  per 
                                  option                                    unit 
                                  relates 
 
 

(ii) Exercise

 
Class of relevant  Product     Exercising/ Number        Exercise price 
security           description exercised   of securities per unit 
                   e.g. call   against 
                   option 
 
 

(d) Other dealings (including subscribing for new securities)

 
Class of relevant security  Nature of dealing  Details Price per unit (if 
                            e.g. subscription,         applicable) 
                            conversion 
 
 

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?  YES/NO 
                                                     No 
 
 
Date of disclosure:  December 04 2019 
Contact name:        Luis Contreras 
Telephone number:    214 932 9608 
 
 

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 [phone].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

View source version on businesswire.com: https://www.businesswire.com/news/home/20191204005098/en/

 
This information is provided by Business Wire 
 
 

(END) Dow Jones Newswires

December 04, 2019 10:15 ET (15:15 GMT)