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Friday 15 January, 2021

Morgan Stanley Cap

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

RNS Number : 9047L
Morgan Stanley Capital Services LLC
15 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:

08 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

PURCHASES

48,064

31.7050 USD

30.4400 USD

USD 0.01 common

SALES

109,371

31.7300 USD

30.5500 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

2,959

30.5600 USD

USD 0.01 common

CFD

LONG

75

31.1200 USD

USD 0.01 common

CFD

LONG

4,100

31.2445 USD

USD 0.01 common

CFD

LONG

464

31.3148 USD

USD 0.01 common

CFD

LONG

639,167

31.3600 USD

USD 0.01 common

CFD

LONG

7

31.3600 USD

USD 0.01 common

CFD

LONG

7

31.3600 USD

USD 0.01 common

CFD

LONG

7

31.3600 USD

USD 0.01 common

CFD

LONG

1,760

31.3600 USD

USD 0.01 common

CFD

LONG

132,239

31.3600 USD

USD 0.01 common

CFD

LONG

3

31.3600 USD

USD 0.01 common

CFD

LONG

383,735

31.3600 USD

USD 0.01 common

CFD

LONG

7

31.3600 USD

USD 0.01 common

CFD

LONG

13

31.5000 USD

USD 0.01 common

CFD

LONG

22,802

31.6292 USD

USD 0.01 common

CFD

LONG

100,000

31.6292 USD

USD 0.01 common

CFD

LONG

12,316

31.6292 USD

USD 0.01 common

CFD

LONG

119,526

31.6292 USD

USD 0.01 common

CFD

LONG

12,316

31.6292 USD

USD 0.01 common

CFD

LONG

22,802

31.6292 USD

USD 0.01 common

CFD

LONG

1,890

31.6292 USD

USD 0.01 common

CFD

LONG

6,458

31.6292 USD

USD 0.01 common

CFD

SHORT

18

30.4400 USD

USD 0.01 common

CFD

SHORT

400

30.9425 USD

USD 0.01 common

CFD

SHORT

753

31.0526 USD

USD 0.01 common

CFD

SHORT

4,300

31.1795 USD

USD 0.01 common

CFD

SHORT

6,626

31.2240 USD

USD 0.01 common

CFD

SHORT

4,900

31.2310 USD

USD 0.01 common

CFD

SHORT

11,500

31.2509 USD

USD 0.01 common

CFD

SHORT

15,800

31.2998 USD

USD 0.01 common

CFD

SHORT

900

31.2998 USD

USD 0.01 common

CFD

SHORT

1,700

31.2998 USD

USD 0.01 common

CFD

SHORT

400

31.3500 USD

USD 0.01 common

CFD

SHORT

232

31.3562 USD

USD 0.01 common

CFD

SHORT

7

31.3600 USD

USD 0.01 common

CFD

SHORT

7

31.3600 USD

USD 0.01 common

CFD

SHORT

639,167

31.3600 USD

USD 0.01 common

CFD

SHORT

7

31.3600 USD

USD 0.01 common

CFD

SHORT

3

31.3600 USD

USD 0.01 common

CFD

SHORT

194

31.3600 USD

USD 0.01 common

CFD

SHORT

132,239

31.3600 USD

USD 0.01 common

CFD

SHORT

383,735

31.3600 USD

USD 0.01 common

CFD

SHORT

7

31.3600 USD

USD 0.01 common

CFD

SHORT

165

31.4155 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:

15 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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