Company Announcements

Form 8.3 - MGM Resorts International - Amendment

Source: RNS
RNS Number : 2212M
Bank of America Merrill Lynch
19 January 2021
 

FORM 8.3 Replacement

 

The Form 8.3 MGM Resorts International announcement released on 19/01/2021 under RNS No 1994M has been amended.

 

Amendments are identified with an asterisk (*).

 

The full amended text is shown below.

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:

Bank of America Corporation

(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

MGM Resorts International

(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

18/01/2021

(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"

NO

If YES, specify which:


(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:

Common - US5529531015


Interests

Short Positions

Number

%

Number

%

(1)

Relevant securities owned
and/or controlled:

7,176,507 *

1.451% *

2,220,683 *

0.449% *

(2)

Cash-settled derivatives:

3,610,211

0.73%

5,937,253

1.2%

(3)

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

49,764 *

0.010% *

100,100 *

0.02% *

TOTAL:

10,836,482 *

2.191% *

8,258,036 *

1.669% *

 

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:

N/A

Details, including nature of the rights
concerned and relevant percentages:

N/A

 

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

Common - ISIN US5529531015

Purchase

900

29.568 USD

Common - ISIN US5529531015

Purchase

400

29.57 USD

Common - ISIN US5529531015

Purchase

213

29.649 USD

Common - ISIN US5529531015

Purchase

4,800

29.732 USD

Common - ISIN US5529531015

Purchase

1,470

29.741 USD

Common - ISIN US5529531015

Purchase

100

29.795 USD

Common - ISIN US5529531015

Purchase

6,794

29.835 USD

 

Class of relevant security

Purchase/sale

Number of
securities

Price per unit

Common - ISIN US5529531015

Sale

2,600

29.568 USD

Common - ISIN US5529531015

Sale

5,550

29.682 USD

Common - ISIN US5529531015

Sale

788

29.745 USD

Common - ISIN US5529531015

Sale

2,096

29.76 USD

Common - ISIN US5529531015

Sale

1,762

29.856 USD

Common - ISIN US5529531015

Sale

1,142

29.906 USD

Common - ISIN US5529531015

Sale

1,130

29.922 USD

Common - ISIN US5529531015

Sale

7,064

29.929 USD

Common - ISIN US5529531015

Sale

173

30.032 USD

Common - ISIN US5529531015

Sale

148

30.058 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

N/A

N/A

N/A

N/A

N/A

 

(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

 

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?

Yes

 

Date of disclosure:

19/01/2021

Contact name:

Tolu Tade

Telephone number:

+44207 996 3410

 

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.

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:

Bank of America Corporation

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

MGM Resorts International

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

Common - ISIN US5529531015

Call OTC Derivatives

Long

49,764

30.770 USD

EXOTIC

10/05/2021

Common - ISIN US5529531015

Call Option

Short

100,000

27 USD

AMERICAN

19/03/2021

Common - ISIN US5529531015

Call Option

Short

100

35 USD

AMERICAN

19/03/2021

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:

None

 

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
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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