REG - BNP Paribas London DraftKings Inc. - Form 8.3 - Draftkings Inc.

DraftKingsAnnouncement

22/10/2021 14:20

RNS Number : 9967P
  
BNP Paribas London
  
22 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


21/10/2021




 (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:


           1,946,785


    .48


          -2,884,942


   -.71




  (2) Cash-settled derivatives:
 


           1,004,629


    .25


            -505,000


   -.12




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


          10,167,400


   2.50


          -9,562,971


  -2.36




       TOTAL:


          13,118,814


   3.23


         -12,952,913


  -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


Purchase


              10,063


              48.9200 USD




US26142R1041


Sale


             -10,402


              48.9200 USD




US26142R1041


Purchase


               9,200


              48.9200 USD




US26142R1041


Purchase


               1,000


              48.9200 USD




US26142R1041


Sale


             -10,063


              48.9200 USD




US26142R1041


Purchase


               1,400


              48.9200 USD




US26142R1041


Purchase


               5,083


              48.9200 USD




US26142R1041


Sale


                 -87


              48.9200 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


Reducing Short Position


              -1,000


              63.7500 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




US26142R1041


Long Put Option


Writing


          69,400


              30.0000 USD


american


19/01/2024 


 




US26142R1041


Short Put Option


Purchasing


          69,400


              30.0000 USD


american


19/01/2024 


 




US26142R1041


Short Put Option


Writing


          69,400


              48.9200 USD


american


19/01/2024 


 




 




(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:
 


     22/10/2021




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


 




 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
RETFLFLVIVLFFIL