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Monday 11 January, 2021

Morgan Stanley Cap

Form 8.5 (EPT/RI)-Replacement of MGM Resorts

RNS Number : 3020L
Morgan Stanley Capital Services LLC
11 January 2021
 

AMENDMENT(2(b))

FORM 8.5 (EPT/RI)

 

PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY

Rule 8.5 of the Takeover Code (the "Code")

 

1.  KEY INFORMATION

 

(a) Name of exempt principal trader:

Morgan Stanley Capital Services LLC

(b) Name of offeror/offeree in relation to whose relevant securities this form relates:

  Use a separate form for each offeror/offeree

MGM Resorts International

(c) Name of the party to the offer with which exempt principal trader is connected:

Entain plc

(d) Date dealing undertaken:

07 January 2021

(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer?

  If it is a cash offer or possible cash offer, state "N/A"

YES- Entain plc

 

2.  DEALINGS BY THE EXEMPT PRINCIPAL TRADER

 

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(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

Purchases/ sales

 

Total number of securities

Highest price per unit paid/received

Lowest price per unit paid/received

USD 0.01 common

SALES

12,337

31.3100 USD

30.5040 USD

USD 0.01 common

PURCHASES

38,827

31.3350 USD

30.3400 USD

 

(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

USD 0.01 common

CFD

LONG

69

30.6000 USD

USD 0.01 common

CFD

LONG

383,735

30.6000 USD

USD 0.01 common

CFD

LONG

3

30.6000 USD

USD 0.01 common

CFD

LONG

7

30.6000 USD

USD 0.01 common

CFD

LONG

7

30.6000 USD

USD 0.01 common

CFD

LONG

639,167

30.6000 USD

USD 0.01 common

CFD

LONG

7

30.6000 USD

USD 0.01 common

CFD

LONG

7

30.6000 USD

USD 0.01 common

CFD

LONG

132,239

30.6000 USD

USD 0.01 common

CFD

LONG

1,594

30.6000 USD

USD 0.01 common

CFD

LONG

350

30.6000 USD

USD 0.01 common

CFD

LONG

5,400

30.7193 USD

USD 0.01 common

CFD

LONG

200

30.7300 USD

USD 0.01 common

CFD

LONG

100

30.7350 USD

USD 0.01 common

CFD

LONG

900

30.7350 USD

USD 0.01 common

CFD

LONG

769

31.1528 USD

USD 0.01 common

CFD

LONG

2,940

31.3200 USD

USD 0.01 common

CFD

SHORT

383,735

30.6000 USD

USD 0.01 common

CFD

SHORT

2,100

30.6000 USD

USD 0.01 common

CFD

SHORT

50

30.6000 USD

USD 0.01 common

CFD

SHORT

639,167

30.6000 USD

USD 0.01 common

CFD

SHORT

7

30.6000 USD

USD 0.01 common

CFD

SHORT

132,239

30.6000 USD

USD 0.01 common

CFD

SHORT

7

30.6000 USD

USD 0.01 common

CFD

SHORT

7

30.6000 USD

USD 0.01 common

CFD

SHORT

3

30.6000 USD

USD 0.01 common

CFD

SHORT

7

30.6000 USD

USD 0.01 common

CFD

SHORT

368

30.6735 USD

USD 0.01 common

CFD

SHORT

6,500

30.7346 USD

USD 0.01 common

CFD

SHORT

2,500

30.7405 USD

USD 0.01 common

CFD

SHORT

7,600

30.7429 USD

USD 0.01 common

CFD

SHORT

6,300

30.7472 USD

USD 0.01 common

CFD

SHORT

7,214

30.7786 USD

USD 0.01 common

CFD

SHORT

5,400

30.8631 USD

USD 0.01 common

CFD

SHORT

600

30.9467 USD

USD 0.01 common

CFD

SHORT

189

31.0595 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

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

 

(ii)  Exercise

 

Class of relevant security

Product description

e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

N/A

N/A

N/A

N/A

N/A

 

(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)

N/A

N/A

N/A

N/A

 

3.  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 exempt principal trader 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 exempt principal trader 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

 

 

 

Date of disclosure:

11 January 2021

Contact name:

Craig Horsley

Telephone number:

+44 141 245-7736

 

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 dealing 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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