Source - RNS
RNS Number : 2939R
Citadel Group
13 June 2018
 




















 

 

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:

Citadel Group

(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 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:


(e) Date position held/dealing undertaken:

For an opening position disclosure, state the latest

practicable date prior to the disclosure

12 June, 2018

(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"

ECHOSTAR CORP






















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:

Common Stock  ISIN  GB00B09LSH68


Interests

Short Positions


Number

%

Number

%

(1) Relevant securities owned and/or controlled:

153,366

0.03

0

0.00

(2) Cash-settled derivatives:

8,837,402

1.91

736,036

0.16

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

0

0.00

0

0.00

    TOTAL:

8,990,768

1.95

736,036

0.16

























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

ISIN  GB00B09LSH68

Purchase/sale

Number of securities

Price per unit

Common Stock

Purchase

700

5.132  GBP

Common Stock

Purchase

21

5.134  GBP

Common Stock

Purchase

650

5.136  GBP

Common Stock

Purchase

315

5.137  GBP

Common Stock

Purchase

814

5.138  GBP

Common Stock

Purchase

4,210

5.14  GBP

Common Stock

Purchase

3,226

5.142  GBP

Common Stock

Purchase

630

5.143  GBP

Common Stock

Purchase

9,178

5.144  GBP

Common Stock

Purchase

139

5.145  GBP

Common Stock

Purchase

2,871

5.146  GBP

Common Stock

Purchase

3,013

5.148  GBP

Common Stock

Purchase

5,345

5.15  GBP

Common Stock

Purchase

60,440

5.152  GBP

Common Stock

Purchase

6,543

5.154  GBP

Common Stock

Purchase

2,929

5.156  GBP

Common Stock

Purchase

812

5.158  GBP

Common Stock

Purchase

300

5.16  GBP

Common Stock

Purchase

400

5.162  GBP

Common Stock

Purchase

567

5.178  GBP

Common Stock

Purchase

2,095

5.18  GBP

Common Stock

Purchase

2

5.182  GBP

Common Stock

Purchase

140

5.198  GBP

Common Stock

Purchase

7,773

5.2  GBP

Common Stock

Purchase

1,699

5.202  GBP

Common Stock

Purchase

2,456

5.204  GBP

Common Stock

Purchase

1,328

5.216  GBP

Common Stock

Purchase

617

5.218  GBP

Common Stock

Purchase

2,086

5.22  GBP

Common Stock

Purchase

9,155

5.222  GBP

Common Stock

Purchase

967

5.224  GBP

Common Stock

Purchase

12,970

5.226  GBP

Common Stock

Purchase

12,647

5.228  GBP

Common Stock

Purchase

945

5.23  GBP

Common Stock

Purchase

1,292

5.232  GBP

Common Stock

Purchase

1,706

5.234  GBP

Common Stock

Purchase

1,696

5.238  GBP

Common Stock

Purchase

966

5.24  GBP

Common Stock

Purchase

3,561

5.242  GBP

Common Stock

Purchase

1,868

5.244  GBP

Common Stock

Purchase

910

5.246  GBP

Common Stock

Purchase

13,077

5.25  GBP

Common Stock

Purchase

3,416

5.252  GBP

Common Stock

Purchase

25,270

5.254  GBP

Common Stock

Purchase

5,995

5.256  GBP

Common Stock

Purchase

10,406

5.258  GBP

Common Stock

Purchase

25,815

5.26  GBP

Common Stock

Purchase

18,478

5.262  GBP

Common Stock

Purchase

7,689

5.264  GBP

Common Stock

Purchase

1,845

5.266  GBP

Common Stock

Purchase

6,042

5.268  GBP

Common Stock

Purchase

3,356

5.27  GBP

Common Stock

Purchase

2,587

5.271  GBP

Common Stock

Purchase

419

5.272  GBP

Common Stock

Purchase

1,634

5.276  GBP

Common Stock

Purchase

5,600

5.28  GBP

Common Stock

Purchase

10,335

5.282  GBP

Common Stock

Purchase

1,692

5.284  GBP

Common Stock

Purchase

2,407

5.286  GBP

Common Stock

Purchase

5,767

5.288  GBP

Common Stock

Purchase

80

5.29  GBP

Common Stock

Purchase

5,352

5.292  GBP

Common Stock

Purchase

3,184

5.294  GBP

Common Stock

Purchase

3,362

5.296  GBP

Common Stock

Purchase

8,164

5.298  GBP

Common Stock

Purchase

23

5.3  GBP

Common Stock

Purchase

4,095

5.302  GBP

Common Stock

Purchase

4,557

5.304  GBP

Common Stock

Purchase

2,612

5.306  GBP

Common Stock

Purchase

1,087

5.308  GBP

Common Stock

Purchase

500

5.31  GBP

Common Stock

Purchase

4,595

5.312  GBP

Common Stock

Purchase

2,025

5.314  GBP

Common Stock

Purchase

1,504

5.316  GBP

Common Stock

Purchase

11,414

5.318  GBP

Common Stock

Purchase

3,862

5.32  GBP

Common Stock

Purchase

8,738

5.322  GBP

Common Stock

Purchase

3,711

5.324  GBP

Common Stock

Purchase

9,657

5.326  GBP

Common Stock

Purchase

9,101

5.328  GBP

Common Stock

Purchase

5,544

5.33  GBP

Common Stock

Purchase

3,904

5.332  GBP

Common Stock

Purchase

4,208

5.334  GBP

Common Stock

Purchase

8,025

5.336  GBP

Common Stock

Purchase

16,332

5.338  GBP

Common Stock

Purchase

7,474

5.3384  GBP

Common Stock

Purchase

4,709

5.3392  GBP

Common Stock

Purchase

40,237

5.34  GBP

Common Stock

Purchase

9,973

5.342  GBP

Common Stock

Purchase

3,071

5.344  GBP

Common Stock

Purchase

2,835

5.345  GBP

Common Stock

Purchase

8,319

5.346  GBP

Common Stock

Purchase

2,318

5.3468  GBP

Common Stock

Purchase

2,242

5.347  GBP

Common Stock

Purchase

5,548

5.348  GBP

Common Stock

Purchase

4,450

5.3488  GBP

Common Stock

Purchase

39,464

5.35  GBP

Common Stock

Purchase

2,190

5.3508  GBP

Common Stock

Purchase

2,119

5.3516  GBP

Common Stock

Purchase

10,890

5.352  GBP

Common Stock

Purchase

808

5.353  GBP

Common Stock

Purchase

2,456

5.3532  GBP

Common Stock

Purchase

14,739

5.354  GBP

Common Stock

Purchase

2,996

5.3548  GBP

Common Stock

Purchase

2,601

5.3552  GBP

Common Stock

Purchase

6,837

5.356  GBP

Common Stock

Purchase

597

5.357  GBP

Common Stock

Purchase

3,274

5.358  GBP

Common Stock

Purchase

21,878

5.36  GBP

Common Stock

Purchase

11,416

5.362  GBP

Common Stock

Purchase

10,674

5.364  GBP

Common Stock

Purchase

7,260

5.366  GBP

Common Stock

Purchase

7,161

5.368  GBP

Common Stock

Purchase

562

5.369  GBP

Common Stock

Purchase

23,233

5.37  GBP

Common Stock

Purchase

4,702

5.372  GBP

Common Stock

Purchase

11,220

5.374  GBP

Common Stock

Purchase

2,000

5.376  GBP

Common Stock

Purchase

11,224

5.378  GBP

Common Stock

Purchase

12,229

5.38  GBP

Common Stock

Purchase

1,134

5.382  GBP

Common Stock

Purchase

4,158

5.384  GBP

Common Stock

Purchase

5,189

5.386  GBP

Common Stock

Purchase

2,174

5.3868  GBP

Common Stock

Purchase

5,653

5.388  GBP

Common Stock

Purchase

94

5.389  GBP

Common Stock

Purchase

10,131

5.39  GBP

Common Stock

Purchase

149

5.394  GBP

Common Stock

Purchase

2,981

5.396  GBP

Common Stock

Purchase

4,699

5.398  GBP

Common Stock

Sale

-2,368

5.134  GBP

Common Stock

Sale

-4,213

5.136  GBP

Common Stock

Sale

-3,616

5.138  GBP

Common Stock

Sale

-10,575

5.14  GBP

Common Stock

Sale

-713

5.142  GBP

Common Stock

Sale

-516

5.148  GBP

Common Stock

Sale

-568

5.152  GBP

Common Stock

Sale

-876

5.156  GBP

Common Stock

Sale

-12

5.158  GBP

Common Stock

Sale

-280

5.16  GBP

Common Stock

Sale

-529

5.166  GBP

Common Stock

Sale

-153

5.168  GBP

Common Stock

Sale

-582

5.174  GBP

Common Stock

Sale

-573

5.178  GBP

Common Stock

Sale

-2,347

5.19  GBP

Common Stock

Sale

-7,992

5.196  GBP

Common Stock

Sale

-6,915

5.198  GBP

Common Stock

Sale

-2,858

5.2  GBP

Common Stock

Sale

-1,874

5.202  GBP

Common Stock

Sale

-117

5.203  GBP

Common Stock

Sale

-50

5.204  GBP

Common Stock

Sale

-1,450

5.206  GBP

Common Stock

Sale

-3,638

5.21  GBP

Common Stock

Sale

-640

5.212  GBP

Common Stock

Sale

-2,979

5.214  GBP

Common Stock

Sale

-3,229

5.216  GBP

Common Stock

Sale

-4,165

5.218  GBP

Common Stock

Sale

-11,880

5.22  GBP

Common Stock

Sale

-14,759

5.222  GBP

Common Stock

Sale

-28,719

5.224  GBP

Common Stock

Sale

-10,345

5.226  GBP

Common Stock

Sale

-5,569

5.228  GBP

Common Stock

Sale

-2,500

5.23  GBP

Common Stock

Sale

-2,062

5.232  GBP

Common Stock

Sale

-3,986

5.234  GBP

Common Stock

Sale

-860

5.236  GBP

Common Stock

Sale

-6,342

5.238  GBP

Common Stock

Sale

-232

5.239  GBP

Common Stock

Sale

-3,845

5.24  GBP

Common Stock

Sale

-2,825

5.242  GBP

Common Stock

Sale

-1,567

5.244  GBP

Common Stock

Sale

-2,222

5.246  GBP

Common Stock

Sale

-35,331

5.248  GBP

Common Stock

Sale

-596

5.249  GBP

Common Stock

Sale

-34,102

5.25  GBP

Common Stock

Sale

-2,327

5.2515  GBP

Common Stock

Sale

-17,071

5.252  GBP

Common Stock

Sale

-5,804

5.254  GBP

Common Stock

Sale

-5,419

5.256  GBP

Common Stock

Sale

-14,698

5.258  GBP

Common Stock

Sale

-10,402

5.26  GBP

Common Stock

Sale

-8,363

5.262  GBP

Common Stock

Sale

-1,480

5.264  GBP

Common Stock

Sale

-1,536

5.266  GBP

Common Stock

Sale

-3,440

5.268  GBP

Common Stock

Sale

-2,974

5.27  GBP

Common Stock

Sale

-578

5.272  GBP

Common Stock

Sale

-3,279

5.274  GBP

Common Stock

Sale

-267

5.276  GBP

Common Stock

Sale

-652

5.277  GBP

Common Stock

Sale

-16,927

5.28  GBP

Common Stock

Sale

-1,359

5.282  GBP

Common Stock

Sale

-4,206

5.284  GBP

Common Stock

Sale

-5,782

5.286  GBP

Common Stock

Sale

-1,778

5.288  GBP

Common Stock

Sale

-650

5.29  GBP

Common Stock

Sale

-850

5.292  GBP

Common Stock

Sale

-1,341

5.294  GBP

Common Stock

Sale

-1,091

5.296  GBP

Common Stock

Sale

-8,853

5.298  GBP

Common Stock

Sale

-463

5.299  GBP

Common Stock

Sale

-3,790

5.3  GBP

Common Stock

Sale

-884

5.302  GBP

Common Stock

Sale

-236

5.304  GBP

Common Stock

Sale

-4,309

5.306  GBP

Common Stock

Sale

-4,265

5.308  GBP

Common Stock

Sale

-5,885

5.31  GBP

Common Stock

Sale

-500

5.312  GBP

Common Stock

Sale

-2,373

5.314  GBP

Common Stock

Sale

-4,590

5.316  GBP

Common Stock

Sale

-884

5.318  GBP

Common Stock

Sale

-5,191

5.32  GBP

Common Stock

Sale

-1,212

5.322  GBP

Common Stock

Sale

-5,072

5.324  GBP

Common Stock

Sale

-2,893

5.326  GBP

Common Stock

Sale

-15,557

5.328  GBP

Common Stock

Sale

-393

5.329  GBP

Common Stock

Sale

-5,666

5.33  GBP

Common Stock

Sale

-20,236

5.332  GBP

Common Stock

Sale

-22,012

5.334  GBP

Common Stock

Sale

-3,406

5.335  GBP

Common Stock

Sale

-6,230

5.336  GBP

Common Stock

Sale

-16,366

5.338  GBP

Common Stock

Sale

-8,999

5.34  GBP

Common Stock

Sale

-531

5.341  GBP

Common Stock

Sale

-17,628

5.342  GBP

Common Stock

Sale

-1,029

5.343  GBP

Common Stock

Sale

-8,859

5.344  GBP

Common Stock

Sale

-11,657

5.345  GBP

Common Stock

Sale

-10,951

5.346  GBP

Common Stock

Sale

-21,965

5.348  GBP

Common Stock

Sale

-10,656

5.35  GBP

Common Stock

Sale

-6,790

5.352  GBP

Common Stock

Sale

-478

5.353  GBP

Common Stock

Sale

-5,360

5.354  GBP

Common Stock

Sale

-350

5.355  GBP

Common Stock

Sale

-9,871

5.356  GBP

Common Stock

Sale

-17,363

5.358  GBP

Common Stock

Sale

-36,777

5.36  GBP

Common Stock

Sale

-7,071

5.362  GBP

Common Stock

Sale

-841

5.363  GBP

Common Stock

Sale

-19,611

5.364  GBP

Common Stock

Sale

-1,231

5.365  GBP

Common Stock

Sale

-6,223

5.366  GBP

Common Stock

Sale

-3,668

5.368  GBP

Common Stock

Sale

-4,146

5.37  GBP

Common Stock

Sale

-1,040

5.371  GBP

Common Stock

Sale

-8,880

5.372  GBP

Common Stock

Sale

-6,962

5.374  GBP

Common Stock

Sale

-14,643

5.376  GBP

Common Stock

Sale

-4,457

5.378  GBP

Common Stock

Sale

-350

5.379  GBP

Common Stock

Sale

-5,779

5.38  GBP

Common Stock

Sale

-5,736

5.382  GBP

Common Stock

Sale

-7,332

5.384  GBP

Common Stock

Sale

-6,358

5.386  GBP

Common Stock

Sale

-5,349

5.388  GBP

Common Stock

Sale

-500

5.394  GBP

Common Stock

Sale

-4,571

5.396  GBP






















(b)        Cash-settled derivative transactions




















Class of relevant security

 

ISIN  GB00B09LSH68

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

Common Stock

CFD

Increasing long position

1,425

5.142  GBP

Common Stock

CFD

Increasing long position

5,702

5.142  GBP

Common Stock

CFD

Increasing long position

5,801

5.142  GBP

Common Stock

CFD

Increasing long position

23,203

5.142  GBP

Common Stock

CFD

Increasing long position

7,395

5.142495  GBP

Common Stock

CFD

Increasing long position

1,817

5.142498  GBP

Common Stock

CFD

Increasing long position

456

5.1425  GBP

Common Stock

CFD

Increasing long position

7,071

5.145383  GBP

Common Stock

CFD

Increasing long position

5,355

5.145384  GBP

Common Stock

CFD

Increasing long position

7,195

5.145384  GBP

Common Stock

CFD

Increasing long position

1,768

5.145386  GBP

Common Stock

CFD

Increasing long position

653

5.335332  GBP

Common Stock

CFD

Increasing long position

2,654

5.335332  GBP

Common Stock

CFD

Increasing short position

-25,272

5.261756  GBP

Common Stock

CFD

Increasing short position

-738

5.267209  GBP

Common Stock

CFD

Increasing short position

-70,931

5.325822  GBP

Common Stock

CFD

Increasing short position

-10,019

5.325822  GBP

Common Stock

CFD

Increasing short position

-623

5.350523  GBP

Common Stock

CFD

Reducing long position

-24,375

5.240685  GBP

Common Stock

CFD

Reducing long position

-5,989

5.240685  GBP

Common Stock

CFD

Reducing long position

-23,203

5.261756  GBP

Common Stock

CFD

Reducing long position

-7,395

5.261756  GBP

Common Stock

CFD

Reducing long position

-7,195

5.261756  GBP

Common Stock

CFD

Reducing long position

-2,654

5.261756  GBP

Common Stock

CFD

Reducing long position

-4,495

5.34  GBP

Common Stock

CFD

Reducing long position

-660

5.34  GBP

Common Stock

CFD

Reducing long position

-224

5.34  GBP

Common Stock

CFD

Reducing long position

-221

5.34  GBP

Common Stock

CFD

Reducing long position

-12,906

5.341863  GBP

Common Stock

CFD

Reducing long position

-536

5.341863  GBP

Common Stock

CFD

Reducing long position

-23,902

5.341866  GBP

Common Stock

CFD

Reducing long position

-19,610

5.341866  GBP

Common Stock

CFD

Reducing long position

-5,801

5.341866  GBP

Common Stock

CFD

Reducing long position

-5,355

5.341866  GBP

Common Stock

CFD

Reducing long position

-36

5.341866  GBP

Common Stock

CFD

Reducing long position

-401

5.3419  GBP

Common Stock

CFD

Reducing long position

-98

5.342571  GBP

Common Stock

CFD

Reducing long position

-7,912

5.342689  GBP

Common Stock

CFD

Reducing long position

-1,277

5.342689  GBP

Common Stock

CFD

Reducing long position

-225

5.342689  GBP

Common Stock

CFD

Reducing long position

-29

5.342689  GBP

Common Stock

CFD

Reducing long position

-24

5.342689  GBP

Common Stock

CFD

Reducing long position

-388

5.342691  GBP

Common Stock

CFD

Reducing long position

-5,978

5.342835  GBP

Common Stock

CFD

Reducing long position

-1,468

5.342835  GBP

Common Stock

CFD

Reducing long position

-23,916

5.342836  GBP

Common Stock

CFD

Reducing long position

-5,877

5.342836  GBP

Common Stock

CFD

Reducing long position

-2,582

5.343  GBP

Common Stock

CFD

Reducing long position

-372

5.343  GBP

Common Stock

CFD

Reducing long position

-262

5.343  GBP

Common Stock

CFD

Reducing long position

-1,858

5.367539  GBP

Common Stock

CFD

Reducing long position

-7,427

5.367542  GBP

Common Stock

CFD

Reducing long position

-7,555

5.367549  GBP

Common Stock

CFD

Reducing long position

-30,219

5.36755  GBP

Common Stock

CFD

Reducing short position

423

5.141197  GBP

Common Stock

CFD

Reducing short position

5,646

5.141197  GBP

Common Stock

CFD

Reducing short position

1,850

5.142491  GBP

Common Stock

CFD

Reducing short position

23,422

5.145384  GBP

Common Stock

CFD

Reducing short position

14,227

5.152  GBP

Common Stock

CFD

Reducing short position

1,382

5.290011  GBP

Common Stock

CFD

Reducing short position

53,199

5.290011  GBP

Common Stock

CFD

Reducing short position

9,349

5.344279  GBP

Common Stock

CFD

Reducing short position

932

5.354225  GBP

Common Stock

CFD

Reducing short position

83

5.365084  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:

13 June, 2018

 Contact name:

Alasdair Putt

 Telephone number:

020 7645 9700



















Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [email protected].  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.









 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
RETGGUMWQUPRGGW