Morgan Stanley & Co.

Form 8.5 (EPT/RI)-Replacement of Entain plc

RNS Number : 7518L
Morgan Stanley & Co. Int'l plc
14 January 2021
 

AMENDMENT(2(a), 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 & Co. International plc

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

  Use a separate form for each offeror/offeree

Entain plc

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

Entain plc

(d) Date dealing undertaken:

11 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- MGM Resorts International

 

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

EUR 0.01 ordinary

PURCHASES

1,876,035

14.6800 GBP

14.3800 GBP

EUR 0.01 ordinary

SALES

2,246,346

14.6800 GBP

14.3800 GBP

EUR 0.01 ordinary

SALES

3,771

15.9299 EUR

15.9299 EUR

EUR 0.01 ordinary

PURCHASES

3,771

16.1200 EUR

15.8000 EUR

 

(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

EUR 0.01 ordinary

CFD

LONG

472

14.3800 GBP

EUR 0.01 ordinary

CFD

LONG

809

14.4537 GBP

EUR 0.01 ordinary

CFD

LONG

194,756

14.4701 GBP

EUR 0.01 ordinary

CFD

LONG

98,016

14.4701 GBP

EUR 0.01 ordinary

CFD

LONG

168,103

14.4701 GBP

EUR 0.01 ordinary

CFD

LONG

36,302

14.4701 GBP

EUR 0.01 ordinary

CFD

LONG

32,374

14.4701 GBP

EUR 0.01 ordinary

CFD

LONG

2,243

14.4701 GBP

EUR 0.01 ordinary

CFD

LONG

11,225

14.4758 GBP

EUR 0.01 ordinary

CFD

LONG

2,424

14.4758 GBP

EUR 0.01 ordinary

CFD

LONG

6,545

14.4758 GBP

EUR 0.01 ordinary

CFD

LONG

150

14.4758 GBP

EUR 0.01 ordinary

CFD

LONG

13,005

14.4758 GBP

EUR 0.01 ordinary

CFD

LONG

2,162

14.4758 GBP

EUR 0.01 ordinary

CFD

LONG

192

14.4881 GBP

EUR 0.01 ordinary

CFD

LONG

340

14.4899 GBP

EUR 0.01 ordinary

CFD

LONG

3,886

14.4899 GBP

EUR 0.01 ordinary

CFD

LONG

981

14.4899 GBP

EUR 0.01 ordinary

CFD

LONG

4,421

14.4899 GBP

EUR 0.01 ordinary

CFD

LONG

7,385

14.4899 GBP

EUR 0.01 ordinary

CFD

LONG

2,389

14.4899 GBP

EUR 0.01 ordinary

CFD

LONG

6,075

14.4899 GBP

EUR 0.01 ordinary

CFD

LONG

9,768

14.4899 GBP

EUR 0.01 ordinary

CFD

LONG

104

14.4899 GBP

EUR 0.01 ordinary

CFD

LONG

202

14.4899 GBP

EUR 0.01 ordinary

CFD

LONG

1,735

14.4899 GBP

EUR 0.01 ordinary

CFD

LONG

4,189

14.4899 GBP

EUR 0.01 ordinary

CFD

LONG

1,183

14.4899 GBP

EUR 0.01 ordinary

CFD

LONG

10,942

14.4899 GBP

EUR 0.01 ordinary

CFD

LONG

1,019

14.4899 GBP

EUR 0.01 ordinary

CFD

LONG

52

14.5073 GBP

EUR 0.01 ordinary

CFD

LONG

14,320

14.5083 GBP

EUR 0.01 ordinary

CFD

LONG

16,290

14.5153 GBP

EUR 0.01 ordinary

CFD

LONG

10,850

14.5153 GBP

EUR 0.01 ordinary

CFD

LONG

12,970

14.5153 GBP

EUR 0.01 ordinary

CFD

LONG

100,000

14.5201 GBP

EUR 0.01 ordinary

CFD

LONG

5,835

14.5211 GBP

EUR 0.01 ordinary

CFD

LONG

27

14.5214 GBP

EUR 0.01 ordinary

CFD

LONG

15

14.5214 GBP

EUR 0.01 ordinary

CFD

LONG

579

14.5237 GBP

EUR 0.01 ordinary

CFD

LONG

64

14.5277 GBP

EUR 0.01 ordinary

CFD

LONG

1,068

14.5574 GBP

EUR 0.01 ordinary

CFD

LONG

288

14.6200 GBP

EUR 0.01 ordinary

CFD

LONG

992

14.6203 GBP

EUR 0.01 ordinary

CFD

LONG

600

14.6215 GBP

EUR 0.01 ordinary

CFD

LONG

1,447

14.6225 GBP

EUR 0.01 ordinary

CFD

LONG

386

14.6227 GBP

EUR 0.01 ordinary

CFD

LONG

600

14.6243 GBP

EUR 0.01 ordinary

CFD

LONG

31,606

14.6317 GBP

EUR 0.01 ordinary

CFD

LONG

905

14.6463 GBP

EUR 0.01 ordinary

CFD

LONG

265

14.6465 GBP

EUR 0.01 ordinary

CFD

LONG

1,103

14.6525 GBP

EUR 0.01 ordinary

CFD

SHORT

2,868

14.3800 GBP

EUR 0.01 ordinary

CFD

SHORT

25,698

14.3800 GBP

EUR 0.01 ordinary

CFD

SHORT

4,995

14.3800 GBP

EUR 0.01 ordinary

CFD

SHORT

550

14.3800 GBP

EUR 0.01 ordinary

CFD

SHORT

106,000

14.3800 GBP

EUR 0.01 ordinary

CFD

SHORT

100

14.3800 GBP

EUR 0.01 ordinary

CFD

SHORT

272

14.3800 GBP

EUR 0.01 ordinary

CFD

SHORT

17,262

14.3814 GBP

EUR 0.01 ordinary

CFD

SHORT

13,124

14.4134 GBP

EUR 0.01 ordinary

CFD

SHORT

30,000

14.4272 GBP

EUR 0.01 ordinary

CFD

SHORT

440

14.4487 GBP

EUR 0.01 ordinary

CFD

SHORT

300

14.4686 GBP

EUR 0.01 ordinary

CFD

SHORT

9,000

14.4836 GBP

EUR 0.01 ordinary

CFD

SHORT

9,000

14.4836 GBP

EUR 0.01 ordinary

CFD

SHORT

50

14.4871 GBP

EUR 0.01 ordinary

CFD

SHORT

6,836

14.4880 GBP

EUR 0.01 ordinary

CFD

SHORT

41,899

14.4971 GBP

EUR 0.01 ordinary

CFD

SHORT

6

14.5045 GBP

EUR 0.01 ordinary

CFD

SHORT

1,721

14.5045 GBP

EUR 0.01 ordinary

CFD

SHORT

4

14.5045 GBP

EUR 0.01 ordinary

CFD

SHORT

5

14.5045 GBP

EUR 0.01 ordinary

CFD

SHORT

8

14.5045 GBP

EUR 0.01 ordinary

CFD

SHORT

3

14.5050 GBP

EUR 0.01 ordinary

CFD

SHORT

4,250

14.5160 GBP

EUR 0.01 ordinary

CFD

SHORT

472

14.5200 GBP

EUR 0.01 ordinary

CFD

SHORT

1,890

14.5238 GBP

EUR 0.01 ordinary

CFD

SHORT

3,229

14.5238 GBP

EUR 0.01 ordinary

CFD

SHORT

59,763

14.5238 GBP

EUR 0.01 ordinary

CFD

SHORT

12,316

14.5238 GBP

EUR 0.01 ordinary

CFD

SHORT

22,802

14.5238 GBP

EUR 0.01 ordinary

CFD

SHORT

13,989

14.5325 GBP

EUR 0.01 ordinary

CFD

SHORT

7,835

14.5435 GBP

EUR 0.01 ordinary

CFD

SHORT

14,345

14.5435 GBP

EUR 0.01 ordinary

CFD

SHORT

17,820

14.5435 GBP

EUR 0.01 ordinary

CFD

SHORT

24,113

14.5527 GBP

EUR 0.01 ordinary

CFD

SHORT

900

14.5573 GBP

EUR 0.01 ordinary

CFD

SHORT

2,087

14.5603 GBP

EUR 0.01 ordinary

CFD

SHORT

1,068

14.5710 GBP

EUR 0.01 ordinary

CFD

SHORT

19,834

14.5753 GBP

EUR 0.01 ordinary

CFD

SHORT

8,804

14.5870 GBP

EUR 0.01 ordinary

CFD

SHORT

50,761

14.6099 GBP

EUR 0.01 ordinary

CFD

SHORT

4,977

14.6115 GBP

EUR 0.01 ordinary

CFD

SHORT

8,500

14.6573 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

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:

14 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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