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: | 05 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 | 1,678,310 | 14.1250 GBP | 13.9350 GBP |
| EUR 0.01 ordinary | PURCHASES | 2,175,137 | 14.1350 GBP | 13.9350 GBP |
| EUR 0.01 ordinary | SALES | 3,800 | 15.3336 EUR | 15.3336 EUR |
| EUR 0.01 ordinary | PURCHASES | 3,800 | 15.6000 EUR | 15.2000 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 | 155 | 13.9790 GBP |
| EUR 0.01 ordinary | CFD | LONG | 1,234 | 13.9884 GBP |
| EUR 0.01 ordinary | CFD | LONG | 294 | 13.9971 GBP |
| EUR 0.01 ordinary | CFD | LONG | 36,124 | 14.0030 GBP |
| EUR 0.01 ordinary | CFD | LONG | 38,326 | 14.0031 GBP |
| EUR 0.01 ordinary | CFD | LONG | 29,157 | 14.0046 GBP |
| EUR 0.01 ordinary | CFD | LONG | 9,360 | 14.0081 GBP |
| EUR 0.01 ordinary | CFD | LONG | 368 | 14.0110 GBP |
| EUR 0.01 ordinary | CFD | LONG | 1,285 | 14.0122 GBP |
| EUR 0.01 ordinary | CFD | LONG | 4,056 | 14.0122 GBP |
| EUR 0.01 ordinary | CFD | LONG | 6,144 | 14.0122 GBP |
| EUR 0.01 ordinary | CFD | LONG | 2,371 | 14.0122 GBP |
| EUR 0.01 ordinary | CFD | LONG | 3,259 | 14.0122 GBP |
| EUR 0.01 ordinary | CFD | LONG | 6,701 | 14.0122 GBP |
| EUR 0.01 ordinary | CFD | LONG | 1,363 | 14.0142 GBP |
| EUR 0.01 ordinary | CFD | LONG | 4,728 | 14.0156 GBP |
| EUR 0.01 ordinary | CFD | LONG | 4,021 | 14.0174 GBP |
| EUR 0.01 ordinary | CFD | LONG | 3,405 | 14.0191 GBP |
| EUR 0.01 ordinary | CFD | LONG | 603 | 14.0191 GBP |
| EUR 0.01 ordinary | CFD | LONG | 487 | 14.0191 GBP |
| EUR 0.01 ordinary | CFD | LONG | 1,965 | 14.0191 GBP |
| EUR 0.01 ordinary | CFD | LONG | 861 | 14.0191 GBP |
| EUR 0.01 ordinary | CFD | LONG | 450 | 14.0191 GBP |
| EUR 0.01 ordinary | CFD | LONG | 219 | 14.0191 GBP |
| EUR 0.01 ordinary | CFD | LONG | 182 | 14.0217 GBP |
| EUR 0.01 ordinary | CFD | LONG | 7,300 | 14.0238 GBP |
| EUR 0.01 ordinary | CFD | LONG | 1,082 | 14.0262 GBP |
| EUR 0.01 ordinary | CFD | LONG | 2,100 | 14.0272 GBP |
| EUR 0.01 ordinary | CFD | LONG | 1,057 | 14.0282 GBP |
| EUR 0.01 ordinary | CFD | LONG | 384 | 14.0291 GBP |
| EUR 0.01 ordinary | CFD | LONG | 28,964 | 14.0297 GBP |
| EUR 0.01 ordinary | CFD | LONG | 568 | 14.0300 GBP |
| EUR 0.01 ordinary | CFD | LONG | 1,344 | 14.0306 GBP |
| EUR 0.01 ordinary | CFD | LONG | 282 | 14.0316 GBP |
| EUR 0.01 ordinary | CFD | LONG | 1,609 | 14.0358 GBP |
| EUR 0.01 ordinary | CFD | LONG | 972 | 14.0400 GBP |
| EUR 0.01 ordinary | CFD | LONG | 453 | 14.0549 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 10,000 | 13.9494 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 50,000 | 13.9918 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 50,000 | 13.9933 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 50,000 | 14.0000 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 15,601 | 14.0076 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 12,316 | 14.0098 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 59,764 | 14.0098 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 3,228 | 14.0098 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 1,890 | 14.0098 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 22,802 | 14.0098 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 9,989 | 14.0105 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 20,000 | 14.0150 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 2,993 | 14.0187 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 11,000 | 14.0224 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 3,567 | 14.0225 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 1,963 | 14.0225 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 4,470 | 14.0225 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 10,905 | 14.0231 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 30,532 | 14.0235 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 21,894 | 14.0278 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 5,605 | 14.0281 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 282 | 14.0285 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 12,316 | 14.0288 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 22,802 | 14.0288 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 1,890 | 14.0288 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 3,229 | 14.0288 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 59,763 | 14.0288 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 130 | 14.0300 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 768 | 14.0300 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 6,256 | 14.0300 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 61,500 | 14.0300 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 3,233 | 14.0300 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 1,100 | 14.0304 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 1,474 | 14.0331 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 27,322 | 14.0333 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 25,219 | 14.0333 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 3,228 | 14.0540 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 5,208 | 14.0540 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 9,229 | 14.0540 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 16,416 | 14.0540 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 1,421 | 14.0540 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 370 | 14.0540 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 23,164 | 14.0540 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 14,481 | 14.0540 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 243 | 14.0836 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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