Source - RNS
RNS Number : 4136R
Citadel Group
14 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

13 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:

143,310

0.03

0

0.00

(2) Cash-settled derivatives:

8,849,309

1.92

593,343

0.13

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

0

0.00

0

0.00

    TOTAL:

8,992,619

1.95

593,343

0.13

























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

117

5.13  GBP

Common Stock

Purchase

545

5.138  GBP

Common Stock

Purchase

497

5.14  GBP

Common Stock

Purchase

4,041

5.142  GBP

Common Stock

Purchase

996

5.144  GBP

Common Stock

Purchase

1,362

5.146  GBP

Common Stock

Purchase

3,230

5.148  GBP

Common Stock

Purchase

4,165

5.152  GBP

Common Stock

Purchase

3,542

5.154  GBP

Common Stock

Purchase

4,620

5.156  GBP

Common Stock

Purchase

1,628

5.158  GBP

Common Stock

Purchase

1,648

5.16  GBP

Common Stock

Purchase

1,100

5.162  GBP

Common Stock

Purchase

1,345

5.164  GBP

Common Stock

Purchase

371

5.166  GBP

Common Stock

Purchase

4,708

5.168  GBP

Common Stock

Purchase

1,533

5.172  GBP

Common Stock

Purchase

586

5.174  GBP

Common Stock

Purchase

740

5.176  GBP

Common Stock

Purchase

307

5.178  GBP

Common Stock

Purchase

3,705

5.18  GBP

Common Stock

Purchase

2,915

5.182  GBP

Common Stock

Purchase

557

5.184  GBP

Common Stock

Purchase

1,512

5.186  GBP

Common Stock

Purchase

573

5.188  GBP

Common Stock

Purchase

1,531

5.189  GBP

Common Stock

Purchase

6,315

5.19  GBP

Common Stock

Purchase

2,631

5.192  GBP

Common Stock

Purchase

521

5.193  GBP

Common Stock

Purchase

2,883

5.194  GBP

Common Stock

Purchase

5,011

5.196  GBP

Common Stock

Purchase

2,804

5.198  GBP

Common Stock

Purchase

1,636

5.2  GBP

Common Stock

Purchase

384

5.203  GBP

Common Stock

Purchase

476

5.204  GBP

Common Stock

Purchase

1,027

5.206  GBP

Common Stock

Purchase

351

5.208  GBP

Common Stock

Purchase

1,964

5.21  GBP

Common Stock

Purchase

526

5.211  GBP

Common Stock

Purchase

4,547

5.212  GBP

Common Stock

Purchase

2,125

5.214  GBP

Common Stock

Purchase

1,820

5.216  GBP

Common Stock

Purchase

1,834

5.218  GBP

Common Stock

Purchase

1,434

5.22  GBP

Common Stock

Purchase

6,657

5.222  GBP

Common Stock

Purchase

6,387

5.224  GBP

Common Stock

Purchase

3,723

5.226  GBP

Common Stock

Purchase

7,343

5.228  GBP

Common Stock

Purchase

10,512

5.23  GBP

Common Stock

Purchase

862

5.232  GBP

Common Stock

Purchase

1,318

5.234  GBP

Common Stock

Purchase

389

5.235  GBP

Common Stock

Purchase

2,586

5.236  GBP

Common Stock

Purchase

9,943

5.238  GBP

Common Stock

Purchase

19,758

5.24  GBP

Common Stock

Purchase

60,259

5.242  GBP

Common Stock

Purchase

18,995

5.244  GBP

Common Stock

Purchase

31,153

5.246  GBP

Common Stock

Purchase

2,386

5.2468  GBP

Common Stock

Purchase

23,523

5.248  GBP

Common Stock

Purchase

66,348

5.25  GBP

Common Stock

Purchase

1,304

5.251  GBP

Common Stock

Purchase

27,744

5.252  GBP

Common Stock

Purchase

3,460

5.253  GBP

Common Stock

Purchase

11,335

5.254  GBP

Common Stock

Purchase

269

5.255  GBP

Common Stock

Purchase

18,706

5.256  GBP

Common Stock

Purchase

384

5.257  GBP

Common Stock

Purchase

28,015

5.258  GBP

Common Stock

Purchase

2,182

5.2588  GBP

Common Stock

Purchase

753

5.259  GBP

Common Stock

Purchase

38,339

5.26  GBP

Common Stock

Purchase

3,927

5.261  GBP

Common Stock

Purchase

17,402

5.262  GBP

Common Stock

Purchase

2,855

5.264  GBP

Common Stock

Purchase

1,828

5.266  GBP

Common Stock

Purchase

1,372

5.268  GBP

Common Stock

Purchase

6,490

5.27  GBP

Common Stock

Purchase

5,175

5.272  GBP

Common Stock

Purchase

1,398

5.273  GBP

Common Stock

Purchase

4,115

5.274  GBP

Common Stock

Purchase

3,391

5.276  GBP

Common Stock

Purchase

659

5.277  GBP

Common Stock

Purchase

539

5.278  GBP

Common Stock

Purchase

4,239

5.28  GBP

Common Stock

Purchase

566

5.281  GBP

Common Stock

Purchase

2,543

5.282  GBP

Common Stock

Purchase

6,734

5.284  GBP

Common Stock

Purchase

783

5.285  GBP

Common Stock

Purchase

6,962

5.286  GBP

Common Stock

Purchase

7,617

5.288  GBP

Common Stock

Purchase

15,869

5.29  GBP

Common Stock

Purchase

5,647

5.292  GBP

Common Stock

Purchase

4,047

5.294  GBP

Common Stock

Purchase

3,851

5.296  GBP

Common Stock

Purchase

465

5.299  GBP

Common Stock

Purchase

5,423

5.3  GBP

Common Stock

Purchase

929

5.304  GBP

Common Stock

Purchase

29

5.306  GBP

Common Stock

Purchase

1,139

5.308  GBP

Common Stock

Purchase

1,305

5.31  GBP

Common Stock

Purchase

564

5.318  GBP

Common Stock

Purchase

2,181

5.3184  GBP

Common Stock

Purchase

397

5.32  GBP

Common Stock

Sale

-500

5.132  GBP

Common Stock

Sale

-1,111

5.138  GBP

Common Stock

Sale

-921

5.139  GBP

Common Stock

Sale

-1,139

5.142  GBP

Common Stock

Sale

-801

5.146  GBP

Common Stock

Sale

-1,900

5.148  GBP

Common Stock

Sale

-7,975

5.15  GBP

Common Stock

Sale

-5,114

5.152  GBP

Common Stock

Sale

-1,241

5.154  GBP

Common Stock

Sale

-546

5.155  GBP

Common Stock

Sale

-1,235

5.156  GBP

Common Stock

Sale

-3,558

5.158  GBP

Common Stock

Sale

-679

5.159  GBP

Common Stock

Sale

-1,170

5.16  GBP

Common Stock

Sale

-562

5.161  GBP

Common Stock

Sale

-3,548

5.162  GBP

Common Stock

Sale

-9,670

5.164  GBP

Common Stock

Sale

-547

5.165  GBP

Common Stock

Sale

-5,178

5.166  GBP

Common Stock

Sale

-2,521

5.168  GBP

Common Stock

Sale

-14,228

5.17  GBP

Common Stock

Sale

-3,896

5.172  GBP

Common Stock

Sale

-562

5.173  GBP

Common Stock

Sale

-1,100

5.176  GBP

Common Stock

Sale

-5,213

5.178  GBP

Common Stock

Sale

-1,847

5.18  GBP

Common Stock

Sale

-489

5.184  GBP

Common Stock

Sale

-1,733

5.186  GBP

Common Stock

Sale

-3,428

5.188  GBP

Common Stock

Sale

-8,086

5.19  GBP

Common Stock

Sale

-6,053

5.192  GBP

Common Stock

Sale

-13,769

5.194  GBP

Common Stock

Sale

-10,260

5.196  GBP

Common Stock

Sale

-2,748

5.198  GBP

Common Stock

Sale

-4,865

5.2  GBP

Common Stock

Sale

-2,163

5.202  GBP

Common Stock

Sale

-3,456

5.204  GBP

Common Stock

Sale

-442

5.208  GBP

Common Stock

Sale

-2,357

5.21  GBP

Common Stock

Sale

-700

5.212  GBP

Common Stock

Sale

-660

5.214  GBP

Common Stock

Sale

-906

5.216  GBP

Common Stock

Sale

-454

5.217  GBP

Common Stock

Sale

-2,664

5.218  GBP

Common Stock

Sale

-3,147

5.219  GBP

Common Stock

Sale

-3,744

5.22  GBP

Common Stock

Sale

-764

5.222  GBP

Common Stock

Sale

-8,540

5.224  GBP

Common Stock

Sale

-19,112

5.226  GBP

Common Stock

Sale

-19,495

5.228  GBP

Common Stock

Sale

-10,644

5.23  GBP

Common Stock

Sale

-8,902

5.232  GBP

Common Stock

Sale

-356

5.233  GBP

Common Stock

Sale

-1,797

5.2335  GBP

Common Stock

Sale

-9,809

5.234  GBP

Common Stock

Sale

-7,233

5.236  GBP

Common Stock

Sale

-21,525

5.238  GBP

Common Stock

Sale

-255

5.239  GBP

Common Stock

Sale

-17,678

5.24  GBP

Common Stock

Sale

-695

5.241  GBP

Common Stock

Sale

-29,931

5.242  GBP

Common Stock

Sale

-54,028

5.244  GBP

Common Stock

Sale

-32,703

5.246  GBP

Common Stock

Sale

-724

5.247  GBP

Common Stock

Sale

-37,497

5.248  GBP

Common Stock

Sale

-12,222

5.249  GBP

Common Stock

Sale

-15,960

5.25  GBP

Common Stock

Sale

-11,635

5.252  GBP

Common Stock

Sale

-27,085

5.254  GBP

Common Stock

Sale

-519

5.255  GBP

Common Stock

Sale

-13,213

5.256  GBP

Common Stock

Sale

-18,147

5.258  GBP

Common Stock

Sale

-4,225

5.259  GBP

Common Stock

Sale

-9,783

5.26  GBP

Common Stock

Sale

-302

5.261  GBP

Common Stock

Sale

-8,210

5.262  GBP

Common Stock

Sale

-4,314

5.264  GBP

Common Stock

Sale

-7,319

5.266  GBP

Common Stock

Sale

-4,975

5.268  GBP

Common Stock

Sale

-2,488

5.27  GBP

Common Stock

Sale

-700

5.272  GBP

Common Stock

Sale

-3,660

5.274  GBP

Common Stock

Sale

-2,052

5.276  GBP

Common Stock

Sale

-539

5.277  GBP

Common Stock

Sale

-1,121

5.278  GBP

Common Stock

Sale

-198

5.28  GBP

Common Stock

Sale

-2,937

5.282  GBP

Common Stock

Sale

-5,868

5.284  GBP

Common Stock

Sale

-315

5.285  GBP

Common Stock

Sale

-7,025

5.286  GBP

Common Stock

Sale

-4,770

5.288  GBP

Common Stock

Sale

-517

5.289  GBP

Common Stock

Sale

-10,600

5.29  GBP

Common Stock

Sale

-1,395

5.292  GBP

Common Stock

Sale

-1,314

5.296  GBP

Common Stock

Sale

-4,745

5.298  GBP

Common Stock

Sale

-124

5.302  GBP

Common Stock

Sale

-1,777

5.304  GBP

Common Stock

Sale

-665

5.318  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

1,544

5.147267  GBP

Common Stock

CFD

Increasing long position

380

5.147268  GBP

Common Stock

CFD

Increasing long position

1,518

5.147269  GBP

Common Stock

CFD

Increasing long position

6,178

5.14727  GBP

Common Stock

CFD

Increasing long position

91

5.149011  GBP

Common Stock

CFD

Increasing long position

1,468

5.149012  GBP

Common Stock

CFD

Increasing long position

361

5.149014  GBP

Common Stock

CFD

Increasing long position

367

5.149014  GBP

Common Stock

CFD

Increasing short position

-3,414

5.159278  GBP

Common Stock

CFD

Increasing short position

-325

5.176708  GBP

Common Stock

CFD

Increasing short position

-1,192

5.215191  GBP

Common Stock

CFD

Reducing short position

375

5.201168  GBP

Common Stock

CFD

Reducing short position

3,819

5.242  GBP

Common Stock

CFD

Reducing short position

78,114

5.247381  GBP

Common Stock

CFD

Reducing short position

92

5.24813  GBP

Common Stock

CFD

Reducing short position

623

5.276049  GBP

Common Stock

CFD

Reducing short position

738

5.276049  GBP

Common Stock

CFD

Reducing short position

6,542

5.276049  GBP

Common Stock

CFD

Reducing short position

3,102

5.277244  GBP

Common Stock

CFD

Reducing short position

54,220

5.277244  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:

14 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.









 


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END
 
 
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