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: | 06 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 | SALES | 1,784,628 | 14.6650 GBP | 13.9986 GBP |
| EUR 0.01 ordinary | PURCHASES | 3,080,049 | 14.6750 GBP | 14.0662 GBP |
| EUR 0.01 ordinary | SALES | 283 | 15.8991 EUR | 15.8991 EUR |
| EUR 0.01 ordinary | PURCHASES | 283 | 15.9000 EUR | 15.6500 EUR |
| EUR 0.01 ordinary | SALES | 51 | 19.8185 USD | 19.8185 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 |
| EUR 0.01 ordinary | CFD | LONG | 7 | 13.9986 GBP |
| EUR 0.01 ordinary | CFD | LONG | 164 | 14.3202 GBP |
| EUR 0.01 ordinary | CFD | LONG | 289 | 14.3754 GBP |
| EUR 0.01 ordinary | CFD | LONG | 289 | 14.3754 GBP |
| EUR 0.01 ordinary | CFD | LONG | 711 | 14.3928 GBP |
| EUR 0.01 ordinary | CFD | LONG | 711 | 14.3929 GBP |
| EUR 0.01 ordinary | CFD | LONG | 76 | 14.4039 GBP |
| EUR 0.01 ordinary | CFD | LONG | 24,039 | 14.4121 GBP |
| EUR 0.01 ordinary | CFD | LONG | 27,949 | 14.4142 GBP |
| EUR 0.01 ordinary | CFD | LONG | 3,203 | 14.4648 GBP |
| EUR 0.01 ordinary | CFD | LONG | 11,298 | 14.4743 GBP |
| EUR 0.01 ordinary | CFD | LONG | 14,207 | 14.4743 GBP |
| EUR 0.01 ordinary | CFD | LONG | 25,623 | 14.4743 GBP |
| EUR 0.01 ordinary | CFD | LONG | 941 | 14.4781 GBP |
| EUR 0.01 ordinary | CFD | LONG | 704 | 14.4781 GBP |
| EUR 0.01 ordinary | CFD | LONG | 337 | 14.4781 GBP |
| EUR 0.01 ordinary | CFD | LONG | 1,345 | 14.4781 GBP |
| EUR 0.01 ordinary | CFD | LONG | 760 | 14.4781 GBP |
| EUR 0.01 ordinary | CFD | LONG | 5,114 | 14.4781 GBP |
| EUR 0.01 ordinary | CFD | LONG | 2,465 | 14.4947 GBP |
| EUR 0.01 ordinary | CFD | LONG | 50,000 | 14.5001 GBP |
| EUR 0.01 ordinary | CFD | LONG | 2,099 | 14.5015 GBP |
| EUR 0.01 ordinary | CFD | LONG | 2,263 | 14.5237 GBP |
| EUR 0.01 ordinary | CFD | LONG | 106 | 14.5640 GBP |
| EUR 0.01 ordinary | CFD | LONG | 30,000 | 14.5890 GBP |
| EUR 0.01 ordinary | CFD | LONG | 465 | 14.5950 GBP |
| EUR 0.01 ordinary | CFD | LONG | 335 | 14.5985 GBP |
| EUR 0.01 ordinary | CFD | LONG | 5,201 | 14.6000 GBP |
| EUR 0.01 ordinary | CFD | LONG | 3,242 | 14.6000 GBP |
| EUR 0.01 ordinary | CFD | LONG | 22,456 | 14.6000 GBP |
| EUR 0.01 ordinary | CFD | LONG | 4,887 | 14.6059 GBP |
| EUR 0.01 ordinary | CFD | LONG | 2,150 | 14.6065 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 9 | 14.0660 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 16 | 14.0660 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 2,583 | 14.3686 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 28,545 | 14.3775 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 35,741 | 14.3775 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 15,714 | 14.3775 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 25,000 | 14.4000 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 138 | 14.4000 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 700 | 14.4007 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 16,182 | 14.4205 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 4,495 | 14.4445 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 78,926 | 14.4474 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 3 | 14.4583 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 21,409 | 14.5045 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 26,806 | 14.5045 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 11,785 | 14.5045 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 41,202 | 14.5293 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 59,763 | 14.5361 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 3,229 | 14.5361 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 22,802 | 14.5361 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 1,890 | 14.5361 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 12,316 | 14.5361 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 9,309 | 14.5405 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 375,335 | 14.5405 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 49,799 | 14.5405 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 3,542 | 14.5405 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 7,216 | 14.5405 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 34,893 | 14.5616 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 11,401 | 14.5708 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 6,158 | 14.5708 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 29,881 | 14.5708 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 1,615 | 14.5708 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 945 | 14.5708 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 83,007 | 14.5728 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 2,719 | 14.5746 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 12,546 | 14.5746 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 16,814 | 14.5746 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 315 | 14.5746 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 6,339 | 14.5746 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 3,570 | 14.5746 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 15,786 | 14.5746 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 1,229 | 14.5746 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 622 | 14.5820 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 700 | 14.5900 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 300 | 14.5900 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 800 | 14.5900 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 34,121 | 14.5900 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 4,500 | 14.5900 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 100,000 | 14.5925 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 4,887 | 14.5943 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 992 | 14.5950 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 50,000 | 14.5975 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 13,551 | 14.6000 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 371 | 14.6000 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 100 | 14.6000 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 13,402 | 14.6065 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 5,976 | 14.6065 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 8,190 | 14.6065 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 5,893 | 14.6065 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 10,705 | 14.6065 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 1,805 | 14.6098 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 288 | 14.6098 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 11,400 | 14.6193 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 100,000 | 14.6437 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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