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: | 12 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 | 3,471,483 | 14.4850 GBP | 14.2100 GBP |
| EUR 0.01 ordinary | PURCHASES | 1,684,042 | 14.5762 GBP | 14.2100 GBP |
| EUR 0.01 ordinary | SALES | 298 | 15.8946 EUR | 15.8946 EUR |
| EUR 0.01 ordinary | PURCHASES | 298 | 15.9500 EUR | 15.8000 EUR |
| EUR 0.01 ordinary | PURCHASES | 257,000 | 19.5747 USD | 19.4190 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 | 250 | 14.2100 GBP |
| EUR 0.01 ordinary | CFD | LONG | 200 | 14.2100 GBP |
| EUR 0.01 ordinary | CFD | LONG | 4,292 | 14.2372 GBP |
| EUR 0.01 ordinary | CFD | LONG | 17,622 | 14.2372 GBP |
| EUR 0.01 ordinary | CFD | LONG | 17,896 | 14.2372 GBP |
| EUR 0.01 ordinary | CFD | LONG | 481 | 14.2372 GBP |
| EUR 0.01 ordinary | CFD | LONG | 22,404 | 14.2372 GBP |
| EUR 0.01 ordinary | CFD | LONG | 7,246 | 14.2372 GBP |
| EUR 0.01 ordinary | CFD | LONG | 10,266 | 14.2372 GBP |
| EUR 0.01 ordinary | CFD | LONG | 1,832 | 14.2372 GBP |
| EUR 0.01 ordinary | CFD | LONG | 5,037 | 14.2372 GBP |
| EUR 0.01 ordinary | CFD | LONG | 426 | 14.2850 GBP |
| EUR 0.01 ordinary | CFD | LONG | 63 | 14.2943 GBP |
| EUR 0.01 ordinary | CFD | LONG | 1,703 | 14.3090 GBP |
| EUR 0.01 ordinary | CFD | LONG | 879 | 14.3114 GBP |
| EUR 0.01 ordinary | CFD | LONG | 192 | 14.3153 GBP |
| EUR 0.01 ordinary | CFD | LONG | 3,660 | 14.3257 GBP |
| EUR 0.01 ordinary | CFD | LONG | 10,706 | 14.3314 GBP |
| EUR 0.01 ordinary | CFD | LONG | 8,448 | 14.3314 GBP |
| EUR 0.01 ordinary | CFD | LONG | 15,176 | 14.3314 GBP |
| EUR 0.01 ordinary | CFD | LONG | 51 | 14.3336 GBP |
| EUR 0.01 ordinary | CFD | LONG | 1,285 | 14.3419 GBP |
| EUR 0.01 ordinary | CFD | LONG | 8,001 | 14.3534 GBP |
| EUR 0.01 ordinary | CFD | LONG | 23,172 | 14.3630 GBP |
| EUR 0.01 ordinary | CFD | LONG | 20,664 | 14.3630 GBP |
| EUR 0.01 ordinary | CFD | LONG | 1,432 | 14.3630 GBP |
| EUR 0.01 ordinary | CFD | LONG | 107,303 | 14.3630 GBP |
| EUR 0.01 ordinary | CFD | LONG | 124,315 | 14.3630 GBP |
| EUR 0.01 ordinary | CFD | LONG | 62,565 | 14.3630 GBP |
| EUR 0.01 ordinary | CFD | LONG | 613 | 14.3688 GBP |
| EUR 0.01 ordinary | CFD | LONG | 2,156 | 14.3698 GBP |
| EUR 0.01 ordinary | CFD | LONG | 34,475 | 14.3744 GBP |
| EUR 0.01 ordinary | CFD | LONG | 20,101 | 14.3744 GBP |
| EUR 0.01 ordinary | CFD | LONG | 6,639 | 14.3744 GBP |
| EUR 0.01 ordinary | CFD | LONG | 7,445 | 14.3744 GBP |
| EUR 0.01 ordinary | CFD | LONG | 460 | 14.3744 GBP |
| EUR 0.01 ordinary | CFD | LONG | 39,940 | 14.3744 GBP |
| EUR 0.01 ordinary | CFD | LONG | 2,477 | 14.3749 GBP |
| EUR 0.01 ordinary | CFD | LONG | 21,335 | 14.3772 GBP |
| EUR 0.01 ordinary | CFD | LONG | 31,952 | 14.3822 GBP |
| EUR 0.01 ordinary | CFD | LONG | 5,312 | 14.3822 GBP |
| EUR 0.01 ordinary | CFD | LONG | 16,080 | 14.3822 GBP |
| EUR 0.01 ordinary | CFD | LONG | 368 | 14.3822 GBP |
| EUR 0.01 ordinary | CFD | LONG | 27,580 | 14.3822 GBP |
| EUR 0.01 ordinary | CFD | LONG | 5,956 | 14.3822 GBP |
| EUR 0.01 ordinary | CFD | LONG | 469 | 14.3833 GBP |
| EUR 0.01 ordinary | CFD | LONG | 7,595 | 14.3833 GBP |
| EUR 0.01 ordinary | CFD | LONG | 6,773 | 14.3833 GBP |
| EUR 0.01 ordinary | CFD | LONG | 35,171 | 14.3833 GBP |
| EUR 0.01 ordinary | CFD | LONG | 20,507 | 14.3833 GBP |
| EUR 0.01 ordinary | CFD | LONG | 40,747 | 14.3833 GBP |
| EUR 0.01 ordinary | CFD | LONG | 1,999 | 14.3890 GBP |
| EUR 0.01 ordinary | CFD | LONG | 3,000 | 14.3890 GBP |
| EUR 0.01 ordinary | CFD | LONG | 91 | 14.3890 GBP |
| EUR 0.01 ordinary | CFD | LONG | 1 | 14.3900 GBP |
| EUR 0.01 ordinary | CFD | LONG | 192 | 14.3902 GBP |
| EUR 0.01 ordinary | CFD | LONG | 909 | 14.3990 GBP |
| EUR 0.01 ordinary | CFD | LONG | 327 | 14.4465 GBP |
| EUR 0.01 ordinary | CFD | LONG | 2,447 | 14.4783 GBP |
| EUR 0.01 ordinary | CFD | LONG | 39,607 | 14.4783 GBP |
| EUR 0.01 ordinary | CFD | LONG | 106,937 | 14.4783 GBP |
| EUR 0.01 ordinary | CFD | LONG | 212,484 | 14.4783 GBP |
| EUR 0.01 ordinary | CFD | LONG | 35,320 | 14.4783 GBP |
| EUR 0.01 ordinary | CFD | LONG | 183,405 | 14.4783 GBP |
| EUR 0.01 ordinary | CFD | LONG | 3,586 | 14.4808 GBP |
| EUR 0.01 ordinary | CFD | LONG | 268,790 | 14.4808 GBP |
| EUR 0.01 ordinary | CFD | LONG | 51,764 | 14.4808 GBP |
| EUR 0.01 ordinary | CFD | LONG | 156,723 | 14.4808 GBP |
| EUR 0.01 ordinary | CFD | LONG | 311,405 | 14.4808 GBP |
| EUR 0.01 ordinary | CFD | LONG | 58,045 | 14.4808 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 10,229 | 14.2100 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 4,701 | 14.2100 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 3,106 | 14.2100 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 2,923 | 14.2100 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 13,939 | 14.2100 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 170 | 14.2100 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 713 | 14.2100 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 4,202 | 14.2100 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 8,709 | 14.2100 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 5,790 | 14.2114 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 14,972 | 14.2733 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 700 | 14.2879 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 102 | 14.3043 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 12 | 14.3143 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 643 | 14.3143 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 555 | 14.3143 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 443 | 14.3143 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 126 | 14.3143 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 238 | 14.3143 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 43 | 14.3143 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 59 | 14.3168 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 66,826 | 14.3226 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 29,380 | 14.3226 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 53,794 | 14.3226 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 8,500 | 14.3319 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 1,285 | 14.3367 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 4,826 | 14.3382 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 29,380 | 14.3554 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 66,826 | 14.3554 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 6,262 | 14.3554 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 4,476 | 14.3602 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 53,794 | 14.3640 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 4,406 | 14.3651 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 4,379 | 14.3661 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 254 | 14.3850 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 262 | 14.3850 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 15,000 | 14.3898 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 6,802 | 14.3900 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 11,000 | 14.3900 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 18,154 | 14.3920 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 14,964 | 14.3954 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 59,763 | 14.4095 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 3,229 | 14.4095 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 22,802 | 14.4095 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 1,890 | 14.4095 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 12,316 | 14.4095 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 484 | 14.4600 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 13 | 14.5015 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 788 | 14.5017 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 13 | 14.5017 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 8,500 | 14.5762 GBP |
| EUR 0.01 ordinary | CFD | SHORT | 257,000 | 19.5100 USD |
(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: | 14 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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