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: | 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- 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 | 3,218,419 | 14.9400 GBP | 13.9829 GBP |
| EUR 0.01 ordinary | SALES | 2,657,041 | 14.9400 GBP | 14.6000 GBP |
| EUR 0.01 ordinary | SALES | 2,231 | 16.1570 EUR | 16.1570 EUR |
| EUR 0.01 ordinary | PURCHASES | 2,231 | 16.2000 EUR | 16.1500 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 | 248 | 14.6686 GBP |
| EUR 0.01 ordinary | CFD | LONG | 2,000 | 14.6700 GBP |
| EUR 0.01 ordinary | CFD | LONG | 39,978 | 14.6700 GBP |
| EUR 0.01 ordinary | CFD | LONG | 7,874 | 14.6700 GBP |
| EUR 0.01 ordinary | CFD | LONG | 1,537 | 14.6700 GBP |
| EUR 0.01 ordinary | CFD | LONG | 6,690 | 14.6700 GBP |
| EUR 0.01 ordinary | CFD | LONG | 15,568 | 14.6700 GBP |
| EUR 0.01 ordinary | CFD | LONG | 27,027 | 14.6700 GBP |
| EUR 0.01 ordinary | CFD | LONG | 8,778 | 14.6700 GBP |
| EUR 0.01 ordinary | CFD | LONG | 602 | 14.6700 GBP |
| EUR 0.01 ordinary | CFD | LONG | 5,940 | 14.6700 GBP |
| EUR 0.01 ordinary | CFD | LONG | 1,114 | 14.6700 GBP |
| EUR 0.01 ordinary | CFD | LONG | 2,659 | 14.6700 GBP |
| EUR 0.01 ordinary | CFD | LONG | 11,546 | 14.6700 GBP |
| EUR 0.01 ordinary | CFD | LONG | 249 | 14.6700 GBP |
| EUR 0.01 ordinary | CFD | LONG | 32,202 | 14.6700 GBP |
| EUR 0.01 ordinary | CFD | LONG | 701 | 14.6700 GBP |
| EUR 0.01 ordinary | CFD | LONG | 218 | 14.6700 GBP |
| EUR 0.01 ordinary | CFD | LONG | 2,000 | 14.6714 GBP |
| EUR 0.01 ordinary | CFD | LONG | 396 | 14.6757 GBP |
| EUR 0.01 ordinary | CFD | LONG | 242 | 14.6846 GBP |
| EUR 0.01 ordinary | CFD | LONG | 655 | 14.6860 GBP |
| EUR 0.01 ordinary | CFD | LONG | 11,676 | 14.6876 GBP |
| EUR 0.01 ordinary | CFD | LONG | 60,000 | 14.6925 GBP |
| EUR 0.01 ordinary | CFD | LONG | 409 | 14.6963 GBP |
| EUR 0.01 ordinary | CFD | LONG | 1,298 | 14.7003 GBP |
| EUR 0.01 ordinary | CFD | LONG | 237 | 14.7006 GBP |
| EUR 0.01 ordinary | CFD | LONG | 747 | 14.7017 GBP |
| EUR 0.01 ordinary | CFD | LONG | 1,435 | 14.7035 GBP |
| EUR 0.01 ordinary | CFD | LONG | 20,237 | 14.7042 GBP |
| EUR 0.01 ordinary | CFD | LONG | 1,200 | 14.7073 GBP |
| EUR 0.01 ordinary | CFD | LONG | 16 | 14.7088 GBP |
| EUR 0.01 ordinary | CFD | LONG | 226 | 14.7151 GBP |
| EUR 0.01 ordinary | CFD | LONG | 1,933 | 14.7152 GBP |
| EUR 0.01 ordinary | CFD | LONG | 21,568 | 14.7198 GBP |
| EUR 0.01 ordinary | CFD | LONG | 12,263 | 14.7198 GBP |
| EUR 0.01 ordinary | CFD | LONG | 12,865 | 14.7198 GBP |
| EUR 0.01 ordinary | CFD | LONG | 129 | 14.7199 GBP |
| EUR 0.01 ordinary | CFD | LONG | 2,337 | 14.7211 GBP |
| EUR 0.01 ordinary | CFD | LONG | 791 | 14.7252 GBP |
| EUR 0.01 ordinary | CFD | LONG | 25,624 | 14.7255 GBP |
| EUR 0.01 ordinary | CFD | LONG | 1,404 | 14.7317 GBP |
| EUR 0.01 ordinary | CFD | LONG | 125 | 14.7397 GBP |
| EUR 0.01 ordinary | CFD | LONG | 18,130 | 14.8027 GBP |
| EUR 0.01 ordinary | CFD | LONG | 768 | 14.9224 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 2,538 | 14.5894 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 13,582 | 14.5894 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 966 | 14.5894 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 102,364 | 14.5894 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 1,968 | 14.5894 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 14,777 | 14.6022 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 3,928 | 14.6500 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 7,136 | 14.6500 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 8,936 | 14.6500 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 10,000 | 14.6675 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 92 | 14.6700 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 242 | 14.6700 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 778 | 14.6700 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 18,293 | 14.6800 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 4,501 | 14.6800 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 667 | 14.6823 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 5,654 | 14.6917 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 190 | 14.6931 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 655 | 14.6950 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 407 | 14.6953 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 52,541 | 14.6967 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 4,494 | 14.7005 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 55,162 | 14.7007 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 71,400 | 14.7035 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 8,936 | 14.7047 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 3,928 | 14.7047 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 7,136 | 14.7047 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 25,000 | 14.7061 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 2,456 | 14.7067 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 967 | 14.7067 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 826 | 14.7067 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 2,457 | 14.7068 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 1,793 | 14.7068 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 3,229 | 14.7098 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 12,316 | 14.7098 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 22,802 | 14.7098 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 59,763 | 14.7098 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 1,890 | 14.7098 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 3,278 | 14.7111 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 2,393 | 14.7111 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 129 | 14.7150 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 12,500 | 14.7150 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 1,890 | 14.7155 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 59,763 | 14.7155 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 22,802 | 14.7155 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 3,229 | 14.7155 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 12,316 | 14.7155 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 41,202 | 14.7268 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 3,917 | 14.7358 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 8,910 | 14.7358 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 7,173 | 14.7358 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 12,500 | 14.7375 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 7,381 | 14.7441 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 50,000 | 14.7499 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 2 | 14.7550 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 3,000 | 14.7669 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 13,572 | 14.7675 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 12,224 | 14.7675 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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