Source - LSE Regulatory
RNS Number : 1787Q
BNP Paribas London
25 October 2021
 

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR

MORE

Rule 8.3 of the Takeover Code (the "Code")

 

1.

KEY INFORMATION


 

 (a)  Full name of discloser:

 

BNP Paribas SA

 (b)  Owner or controller of interests and short positions disclosed, if different from 1(a):

       The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.

 

 (c)  Name of offeror/offeree in relation to whose relevant securities this form relates:

       Use a separate form for each offeror/offeree

DraftKings Inc

 (d)  If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:

 

 (e)  Date position held/dealing undertaken:

       For an opening position disclosure, state the latest practicable date prior to the disclosure

22/10/2021

 (f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?

       If it is a cash offer or possible cash offer, state "N/A"

Yes: Entain plc

 

2.

POSITIONS OF THE PERSON MAKING THE DISCLOSURE


 

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.


 

(a)

Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)


 

Class of relevant security:

 

USD 0.0001 class A common (US26142R1041)

 

 

 

Interests

 

Short Positions

 

 


Number

%

Number

%

  (1) Relevant securities owned and/or controlled:

           1,950,039

    .48

          -2,886,336

   -.71

  (2) Cash-settled derivatives:

 

           1,005,569

    .25

            -505,000

   -.12

  (3) Stock-settled derivatives (including options) and agreements to purchase/sell:

          10,167,400

   2.50

          -9,562,971

  -2.35

       TOTAL:

          13,123,008

   3.23

         -12,954,307

  -3.19

 

 

 

 

 

 

 

 

 

 

Class of relevant security:

 

Convertible Senior Notes 2028 (US26142RAA23)

 

 

 

Interests

 

Short Positions

 

 


Number

%

Number

%

  (1) Relevant securities owned and/or controlled:

 

 

 

 

  (2) Cash-settled derivatives:

 

             20,458,000

    1.68

             - 20,458,000

    -1.68

  (3) Stock-settled derivatives (including options) and agreements to purchase/sell:

 

 

 

 

       TOTAL:

             20,458,000

    1.68

             - 20,458,000

   -1.68

 

 

All interests and all short positions should be disclosed.


 

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).


 

(b)

Rights to subscribe for new securities (including directors'' and other employee options)


 

Class of relevant security in relation to which subscription right exists:

 

Details, including nature of the rights concerned and relevant percentages:

 

 

3.

DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE


 

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(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

Purchase/sale

Number of

securities

Price per unit

US26142R1041

Sale

                -940

              46.1100 USD

US26142R1041

Purchase

                 334

              46.1100 USD

US26142R1041

Sale

              -2,534

              46.1100 USD

US26142R1041

Purchase

                  15

              46.1100 USD

US26142R1041

Purchase

               3,981

              46.1100 USD

US26142R1041

Purchase

               1,792

              46.1100 USD

US26142R1041

Purchase

                   4

              46.1100 USD

US26142R1041

Sale

                -792

              46.1100 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

references

securities

Price per

unit

US26142R1041

Contract for Difference

Increasing a long position

               2,033

              47.2980 USD

US26142R1041

Contract for Difference

Increasing a long position

                  38

              47.2980 USD

US26142R1041

Contract for Difference

Reducing a long position

                -294

              44.0960 USD

US26142R1041

Contract for Difference

 Reducing a long position

                 -21

              52.1624 USD

US26142R1041

Contract for Difference

 Reducing a long position

                -816

              43.6261 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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(ii)

Exercise


 

Class of

relevant

security

Product

description

e.g. call option

Exercising/

exercised

against

Number of

securities

Exercise price

per unit

 

 

 

 

 

 

 

 

 

 

 

(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)

 

 

 

 

 

 

 

 

 

4.

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 person 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"

 

 

 

 

(b)

Indemnity and other dealing arrangements


 

Details of any agreement, arrangement or understanding, formal or informal, between the person 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"

 

 

 

 

(c)

Attachments


 

Is a supplemental Form 8 (Open Positions) attached?

 

Yes

 

 

Date of Disclosure:

 

     25/10/2021

Contact Name

 

     Compliance Control Room

Telephone Number:

 

     0207 595 9695

 

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 disclosure requirements on +44 (0)20 7638 0129.


 

*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel's Market Surveillance Unit.


 

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk

 

 


 

DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS,

AGREEMENTS TO PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the "Code")

 

1.

KEY INFORMATION


 

 Full name of person making disclosure:

 

BNP Paribas SA

 Name of offeror/offeree in relation to whose

 relevant securities the disclosure relates:

DraftKings Inc

 

2.

STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)


 

Class of

relevant

security

Product

description

e.g. call

option

Written or

purchased

Number of

securities

to which

option or

derivative

relates

Exercise

price

per unit

Type

e.g.

American,

European

etc.

Expiry

date

USD 0.0001 class A common (US26142R1041)

Forward

W

1700000

45.52838

european

22/11/2021

USD 0.0001 class A common (US26142R1041)

Forward

W

-88800

 

american

21/01/2022

USD 0.0001 class A common (US26142R1041)

Forward

P

-600000

 

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Forward

P

-200000

 

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Forward

P

0

30

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Forward

P

0

30

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Forward

P

-360000

 

american

15/07/2022

USD 0.0001 class A common (US26142R1041)

Forward

P

0

35

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Forward

P

-1700000

45.52838

european

22/11/2021

USD 0.0001 class A common (US26142R1041)

Forward

W

360000

 

american

15/07/2022

USD 0.0001 class A common (US26142R1041)

Forward

P

88800

 

american

21/01/2022

USD 0.0001 class A common (US26142R1041)

Forward

W

0

35

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Forward

W

600000

 

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Forward

W

200000

 

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Forward

W

0

30

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Forward

W

0

30

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Equity Linked Note

 

-1271

48.92

european

28/04/2022

USD 0.0001 class A common (US26142R1041)

Call Option

W

-88800

85

american

21/01/2022

USD 0.0001 class A common (US26142R1041)

Call Option

P

2000

70.466

european

10/12/2021

USD 0.0001 class A common (US26142R1041)

Call Option

P

88800

85

american

21/01/2022

USD 0.0001 class A common (US26142R1041)

Put Option

W

29000

55

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

W

126000

30

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

P

-71700

35

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

W

112000

35

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

P

-106500

35

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

P

-35900

35

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

W

57700

45

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

W

52400

50

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

W

62300

40

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

W

26300

50

american

15/07/2022

USD 0.0001 class A common (US26142R1041)

Put Option

W

101400

40

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

W

50000

35

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

P

-126000

30

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

W

145400

35

american

14/04/2022

USD 0.0001 class A common (US26142R1041)

Put Option

P

-163300

35

american

14/04/2022

USD 0.0001 class A common (US26142R1041)

Put Option

P

-64000

30

american

19/01/2024

USD 0.0001 class A common (US26142R1041)

Put Option

P

-113300

45

american

14/04/2022

USD 0.0001 class A common (US26142R1041)

Put Option

P

-112000

35

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

W

257900

35

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

P

-111300

35

american

14/04/2022

USD 0.0001 class A common (US26142R1041)

Put Option

P

-69400

30

american

19/01/2024

USD 0.0001 class A common (US26142R1041)

Put Option

P

-62300

40

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

W

34200

40

american

15/07/2022

USD 0.0001 class A common (US26142R1041)

Put Option

P

-121500

35

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

W

80100

35

american

15/07/2022

USD 0.0001 class A common (US26142R1041)

Put Option

P

-57700

45

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

W

37900

40

american

21/01/2022

USD 0.0001 class A common (US26142R1041)

Put Option

P

-146000

30

american

15/07/2022

USD 0.0001 class A common (US26142R1041)

Put Option

W

102400

35

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

P

-327500

30

american

21/01/2022

USD 0.0001 class A common (US26142R1041)

Put Option

W

71700

35

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

P

-69000

30

american

19/01/2024

USD 0.0001 class A common (US26142R1041)

Put Option

P

-94200

50

american

21/01/2022

USD 0.0001 class A common (US26142R1041)

Put Option

P

-45500

60

american

21/01/2022

USD 0.0001 class A common (US26142R1041)

Put Option

P

-101400

40

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

P

-32000

55

american

21/01/2022

USD 0.0001 class A common (US26142R1041)

Put Option

P

-80100

35

american

15/07/2022

USD 0.0001 class A common (US26142R1041)

Put Option

P

-27400

40

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

P

-52400

50

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

P

-27700

30

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

P

-55300

35

american

21/01/2022

USD 0.0001 class A common (US26142R1041)

Put Option

P

-225000

30

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

P

-26300

50

american

15/07/2022

USD 0.0001 class A common (US26142R1041)

Put Option

P

-23900

35

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

P

-33400

55

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

P

-29000

55

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

W

225000

30

american

21/01/2022

USD 0.0001 class A common (US26142R1041)

Put Option

W

106500

35

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

P

-40000

25

american

21/01/2022

USD 0.0001 class A common (US26142R1041)

Put Option

P

-7300

30

american

21/01/2022

USD 0.0001 class A common (US26142R1041)

Put Option

W

72600

30

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

P

-117100

30

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

P

-55000

40

american

21/01/2022

USD 0.0001 class A common (US26142R1041)

Put Option

P

-89300

30

american

21/01/2022

USD 0.0001 class A common (US26142R1041)

Put Option

P

-34200

40

american

15/07/2022

USD 0.0001 class A common (US26142R1041)

Put Option

W

35900

35

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

P

-1700000

48.92

european

22/11/2021

USD 0.0001 class A common (US26142R1041)

Put Option

P

-101400

40

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

P

-50000

35

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

P

-72600

30

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

W

80100

35

american

15/07/2022

USD 0.0001 class A common (US26142R1041)

Put Option

W

89300

30

american

21/01/2022

USD 0.0001 class A common (US26142R1041)

Put Option

W

111300

35

american

14/04/2022

USD 0.0001 class A common (US26142R1041)

Put Option

W

7300

30

american

21/01/2022

USD 0.0001 class A common (US26142R1041)

Put Option

W

146000

30

american

15/07/2022

USD 0.0001 class A common (US26142R1041)

Put Option

W

69400

30

american

19/01/2024

USD 0.0001 class A common (US26142R1041)

Put Option

W

327500

30

american

21/01/2022

USD 0.0001 class A common (US26142R1041)

Put Option

W

40000

25

american

21/01/2022

USD 0.0001 class A common (US26142R1041)

Put Option

W

32000

55

american

21/01/2022

USD 0.0001 class A common (US26142R1041)

Put Option

W

121500

35

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

W

117100

30

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

P

-102400

35

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

W

27700

30

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

P

-80100

35

american

15/07/2022

USD 0.0001 class A common (US26142R1041)

Put Option

P

-257900

35

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

P

-34200

40

american

15/07/2022

USD 0.0001 class A common (US26142R1041)

Put Option

P

-225000

30

american

21/01/2022

USD 0.0001 class A common (US26142R1041)

Put Option

W

94200

50

american

21/01/2022

USD 0.0001 class A common (US26142R1041)

Put Option

W

34200

40

american

15/07/2022

USD 0.0001 class A common (US26142R1041)

Put Option

W

23900

35

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

W

69000

30

american

19/01/2024

USD 0.0001 class A common (US26142R1041)

Put Option

P

-145400

35

american

14/04/2022

USD 0.0001 class A common (US26142R1041)

Put Option

W

33400

55

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

P

-37900

40

american

21/01/2022

USD 0.0001 class A common (US26142R1041)

Put Option

W

27400

40

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

W

55300

35

american

21/01/2022

USD 0.0001 class A common (US26142R1041)

Put Option

W

45500

60

american

21/01/2022

USD 0.0001 class A common (US26142R1041)

Put Option

W

64000

30

american

19/01/2024

USD 0.0001 class A common (US26142R1041)

Put Option

W

55000

40

american

21/01/2022

USD 0.0001 class A common (US26142R1041)

Put Option

W

225000

30

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

W

113300

45

american

14/04/2022

USD 0.0001 class A common (US26142R1041)

Put Option

W

101400

40

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

W

163300

35

american

14/04/2022

USD 0.0001 class A common (US26142R1041)

Put Option

W

133400

48.92

american

19/01/2024

USD 0.0001 class A common (US26142R1041)

Put Option

W

113300

48.92

american

14/04/2022

USD 0.0001 class A common (US26142R1041)

Put Option

W

129200

48.92

american

14/04/2022

USD 0.0001 class A common (US26142R1041)

Put Option

P

-88800

48.92

american

21/01/2022

USD 0.0001 class A common (US26142R1041)

Put Option

W

163900

48.92

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

W

57700

48.92

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

W

25600

48.92

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

W

126000

48.92

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

P

-80100

48.92

american

15/07/2022

USD 0.0001 class A common (US26142R1041)

Put Option

P

-34200

48.92

american

15/07/2022

USD 0.0001 class A common (US26142R1041)

Put Option

W

130000

48.92

american

21/01/2022

USD 0.0001 class A common (US26142R1041)

Put Option

P

-40000

48.92

american

21/01/2022

USD 0.0001 class A common (US26142R1041)

Put Option

W

30000

48.92

american

21/01/2022

USD 0.0001 class A common (US26142R1041)

Put Option

W

140000

48.92

american

15/07/2022

USD 0.0001 class A common (US26142R1041)

Put Option

W

80000

48.92

american

15/07/2022

USD 0.0001 class A common (US26142R1041)

Put Option

W

360000

48.92

american

15/07/2022

USD 0.0001 class A common (US26142R1041)

Put Option

P

-400000

48.92

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

W

26000

48.92

american

15/07/2022

USD 0.0001 class A common (US26142R1041)

Put Option

W

34200

48.92

american

15/07/2022

USD 0.0001 class A common (US26142R1041)

Put Option

W

55000

48.92

american

21/01/2022

USD 0.0001 class A common (US26142R1041)

Put Option

W

94200

48.92

american

21/01/2022

USD 0.0001 class A common (US26142R1041)

Put Option

P

-120000

48.92

american

15/07/2022

USD 0.0001 class A common (US26142R1041)

Put Option

W

32000

48.92

american

21/01/2022

USD 0.0001 class A common (US26142R1041)

Put Option

W

45000

48.92

american

21/01/2022

USD 0.0001 class A common (US26142R1041)

Put Option

P

-200

48.92

american

21/01/2022

USD 0.0001 class A common (US26142R1041)

Put Option

W

40000

48.92

american

21/01/2022

USD 0.0001 class A common (US26142R1041)

Put Option

W

69000

48.92

american

19/01/2024

USD 0.0001 class A common (US26142R1041)

Put Option

W

52400

48.92

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

W

63000

48.92

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

W

497400

48.92

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

W

542300

48.92

american

20/01/2023

USD 0.0001 class A common (US26142R1041)

Put Option

W

27400

48.92

american

20/01/2023

 

3.

AGREEMENTS TO PURCHASE OR SELL ETC.


 

Full details should be given so that the nature of the interest or position can be fully understood:

 

 

 

 

It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to cash-settled derivatives.


 

The currency of all prices and other monetary amounts should be stated.


 

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's 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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