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Monday 18 October, 2021

D E Shaw & Co LP

Form 8.3 - DraftKings Inc

RNS Number : 4234P
D E Shaw & Co LP
18 October 2021
 

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:

D. E. Shaw & Co., 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 in relation to whose relevant securities this form relates:

  Use a separate form for each offeror/offeree

DraftKings Inc

(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

October 15, 2021

(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"

Yes, the discloser has previously made disclosures in respect of Entain plc

 

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:

 

USD 0.0001 class A common

 

 

Interests

Short positions


Number

%

Number

%

(1) Relevant securities owned and/or controlled:

517,713

0.12%

2,112,133

0.52%

(2) Cash-settled derivatives:

 





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

808,500

0.19%

2,443,900

0.60%

 

  TOTAL:

1,326,213

0.32%

4,556,033

1.12%

 

 

 

 

 

Class of relevant security:

Convertible Senior Notes 2028


Interests

Short positions


Number

%

Number

%

(1) Relevant securities owned and/or controlled:

 49,500,000

3.91%



(2) Cash-settled derivatives:





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





TOTAL:

49,500,000

3.91%



 

 

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

USD 0.0001 class A common

Purchase

100

USD 48.93

USD 0.0001 class A common

Purchase

814

USD 48.94

USD 0.0001 class A common

Purchase

200

USD 48.95

USD 0.0001 class A common

Purchase

1000

USD 48.96

USD 0.0001 class A common

Purchase

100

USD 48.98

USD 0.0001 class A common

Purchase

900

USD 48.99

USD 0.0001 class A common

Purchase

100

USD 49.02

USD 0.0001 class A common

Purchase

300

USD 49.03

USD 0.0001 class A common

Purchase

100

USD 49.04

USD 0.0001 class A common

Purchase

400

USD 49.05

USD 0.0001 class A common

Purchase

2500

USD 49.06

USD 0.0001 class A common

Purchase

100

USD 49.07

USD 0.0001 class A common

Purchase

300

USD 49.09

USD 0.0001 class A common

Purchase

500

USD 49.11

USD 0.0001 class A common

Purchase

11

USD 49.12

USD 0.0001 class A common

Purchase

100

USD 49.13

USD 0.0001 class A common

Purchase

327

USD 49.14

USD 0.0001 class A common

Purchase

200

USD 49.15

USD 0.0001 class A common

Purchase

100

USD 49.16

USD 0.0001 class A common

Purchase

100

USD 49.17

USD 0.0001 class A common

Purchase

200

USD 49.19

 

(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






 

 

(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"

 

 

 

 

(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"

 

 

 

 

(c)  Attachments

 

Is a Supplemental Form 8 (Open Positions) attached?

Yes

 

 

Date of disclosure:

October 18, 2021

Contact name:

Kevin Krist (Compliance Department)

Telephone number*:

+44 (0) 20 7409 4420

 

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 .



SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

 

DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the "Code")

 

 

1.  KEY INFORMATION

 

Full name of person making disclosure:

D. E. Shaw & Co., L.P.

Name of offeror/offeree in relation to whose relevant securities the disclosure relates:

DraftKings Inc

 

2.  STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)

 

Class of relevant security

Product description e.g. call option

Written or purchased

Number of securities to which option or derivative relates

Exercise price per unit

Type

e.g. American, European etc.

Expiry date

USD 0.0001 class A common

Listed Call Option

Purchased

110,000

USD 100.0

American

20220121

USD 0.0001 class A common

Listed Call Option

Purchased

120,000

USD 90.0

American

20220414

USD 0.0001 class A common

Listed Call Option

Purchased

10,000

USD 65.0

American

20220414

USD 0.0001 class A common

Listed Call Option

Purchased

80,000

USD 95.0

American

20230120

USD 0.0001 class A common

Listed Call Option

Purchased

100,000

USD 90.0

American

20230120

USD 0.0001 class A common

Listed Call Option

Purchased

45,000

USD 105.0

American

20230120

USD 0.0001 class A common

Listed Call Option

Purchased

 80,000

USD 50.00

American

20230120

USD 0.0001 class A common

Listed Call Option

Written

400,000

USD 60.0

American

20211119

USD 0.0001 class A common

Listed Call Option

Written

330,000

USD 65.0

American

20220121

USD 0.0001 class A common

Listed Call Option

Written

87,400

USD 65.0

American

20230120

USD 0.0001 class A common

Listed Put Option

Purchased

40,000

USD 50.0

American

20211119

USD 0.0001 class A common

Listed Put Option

Purchased

150,000

USD 45.0

American

20220121

USD 0.0001 class A common

Listed Put Option

Purchased

336,000

USD 40.0

American

20220121

USD 0.0001 class A common

Listed Put Option

Purchased

150,000

USD 35.0

American

20220121

USD 0.0001 class A common

Listed Put Option

Purchased

45,000

USD 40.0

American

20220414

USD 0.0001 class A common

Listed Put Option

Purchased

200,000

USD 45.0

American

20220414

USD 0.0001 class A common

Listed Put Option

Purchased

130,000

USD 40.0

American

20220520

USD 0.0001 class A common

Listed Put Option

Purchased

28,000

USD 50.0

American

20220715

USD 0.0001 class A common

Listed Put Option

Purchased

120,000

USD 30.0

American

20220715

USD 0.0001 class A common

Listed Put Option

Purchased

70,000

USD 30.0

American

20230120

USD 0.0001 class A common

Listed Put Option

Purchased

150,000

USD 40.0

American

20230120

USD 0.0001 class A common

Listed Put Option

Purchased

160,000

USD 45.0

American

20230120

USD 0.0001 class A common

Listed Put Option

Purchased

10,000

USD 50.0

American

20230120

USD 0.0001 class A common

Listed Put Option

Purchased

 37,500

USD 30.00

American

20240119

USD 0.0001 class A common

Listed Put Option

Written

218,700

USD 60.0

American

20211119

USD 0.0001 class A common

Listed Put Option

Written

44,800

USD 60.0

American

20230120

 

3.  AGREEMENTS TO PURCHASE OR SELL ETC.

 

Full details should be given so that the nature of the interest or position can be fully understood:

 

 

 

 

 

 

It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to cash-settled derivatives.

 

The currency of all prices and other monetary amounts should be stated.

 

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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