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: | 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- 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 | 1,823,041 | 14.7575 GBP | 14.5200 GBP |
| EUR 0.01 ordinary | SALES | 1,533,285 | 14.7650 GBP | 14.5167 GBP |
| EUR 0.01 ordinary | SALES | 839 | 16.0846 EUR | 16.0846 EUR |
| EUR 0.01 ordinary | PURCHASES | 839 | 16.1000 EUR | 16.0500 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 | 1,141 | 14.5167 GBP |
| EUR 0.01 ordinary | CFD | LONG | 381 | 14.5889 GBP |
| EUR 0.01 ordinary | CFD | LONG | 1,541 | 14.5900 GBP |
| EUR 0.01 ordinary | CFD | LONG | 389 | 14.6040 GBP |
| EUR 0.01 ordinary | CFD | LONG | 482 | 14.6081 GBP |
| EUR 0.01 ordinary | CFD | LONG | 137 | 14.6300 GBP |
| EUR 0.01 ordinary | CFD | LONG | 611 | 14.6300 GBP |
| EUR 0.01 ordinary | CFD | LONG | 459 | 14.6354 GBP |
| EUR 0.01 ordinary | CFD | LONG | 634 | 14.6375 GBP |
| EUR 0.01 ordinary | CFD | LONG | 2,876 | 14.6494 GBP |
| EUR 0.01 ordinary | CFD | LONG | 90 | 14.6498 GBP |
| EUR 0.01 ordinary | CFD | LONG | 3,075 | 14.6499 GBP |
| EUR 0.01 ordinary | CFD | LONG | 1,062 | 14.6500 GBP |
| EUR 0.01 ordinary | CFD | LONG | 40,000 | 14.6521 GBP |
| EUR 0.01 ordinary | CFD | LONG | 10,211 | 14.6522 GBP |
| EUR 0.01 ordinary | CFD | LONG | 600 | 14.6563 GBP |
| EUR 0.01 ordinary | CFD | LONG | 250 | 14.6590 GBP |
| EUR 0.01 ordinary | CFD | LONG | 7,296 | 14.6619 GBP |
| EUR 0.01 ordinary | CFD | LONG | 9,778 | 14.6619 GBP |
| EUR 0.01 ordinary | CFD | LONG | 10,086 | 14.6619 GBP |
| EUR 0.01 ordinary | CFD | LONG | 64 | 14.6630 GBP |
| EUR 0.01 ordinary | CFD | LONG | 472 | 14.6630 GBP |
| EUR 0.01 ordinary | CFD | LONG | 41 | 14.6630 GBP |
| EUR 0.01 ordinary | CFD | LONG | 250 | 14.6789 GBP |
| EUR 0.01 ordinary | CFD | LONG | 192 | 14.6841 GBP |
| EUR 0.01 ordinary | CFD | LONG | 52 | 14.6929 GBP |
| EUR 0.01 ordinary | CFD | LONG | 1,725 | 14.7000 GBP |
| EUR 0.01 ordinary | CFD | LONG | 100,000 | 14.7332 GBP |
| EUR 0.01 ordinary | CFD | LONG | 5,714 | 14.7500 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 1,988 | 14.6365 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 4,545 | 14.6387 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 8,183 | 14.6473 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 4,250 | 14.6473 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 132 | 14.6499 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 37 | 14.6499 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 166 | 14.6499 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 13 | 14.6499 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 4 | 14.6499 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 176 | 14.6499 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 66 | 14.6499 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 28 | 14.6500 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 12,500 | 14.6500 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 12,500 | 14.6524 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 1,062 | 14.6532 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 13,723 | 14.6546 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 6,926 | 14.6552 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 12,547 | 14.6575 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 6,218 | 14.6606 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 40,000 | 14.6634 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 67 | 14.6645 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 156 | 14.6646 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 88 | 14.6646 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 29 | 14.6646 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 309 | 14.6646 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 412 | 14.6646 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 8 | 14.6646 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 387 | 14.6646 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 5,457 | 14.6699 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 1,690 | 14.6699 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 10,818 | 14.6699 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 762 | 14.6699 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 1,567 | 14.6699 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 2,993 | 14.6699 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 2,096 | 14.6699 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 140 | 14.6767 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 1,841 | 14.6767 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 1,960 | 14.6767 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 417 | 14.6767 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 1,470 | 14.6767 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 319 | 14.6767 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 740 | 14.6767 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 39 | 14.6767 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 16 | 14.6769 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 67 | 14.6770 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 35,565 | 14.6790 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 140,203 | 14.6816 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 52,595 | 14.6968 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 59,763 | 14.7032 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 22,802 | 14.7032 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 3,229 | 14.7032 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 12,316 | 14.7032 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 1,890 | 14.7032 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 41,202 | 14.7176 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 3,886 | 14.7183 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 6,690 | 14.7183 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 2,389 | 14.7183 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 1,537 | 14.7183 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 7,874 | 14.7183 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 9,768 | 14.7183 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 11,546 | 14.7183 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 218 | 14.7183 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 4,421 | 14.7183 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 88 | 14.7183 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 472 | 14.7183 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 602 | 14.7183 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 2,000 | 14.7183 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 1,116 | 14.7183 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 1,114 | 14.7183 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 4,189 | 14.7183 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 1,368 | 14.7233 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 1,531 | 14.7400 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 676 | 14.7400 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 119 | 14.7432 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 3,784 | 14.7500 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: | 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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