REG - Star Innovation Tst DraftKings Inc. Entain PLC - Form 8 (DD) - DraftKings Inc

DraftKingsAnnouncement

25/10/2021 15:35

RNS Number : 1814Q
  
Star Innovation Trust (The)
  
25 October 2021
  
 

FORM 8 (DD)
 
PUBLIC DEALING DISCLOSURE BY A PARTY TO AN OFFER OR PERSON ACTING IN CONCERT (INCLUDING DEALINGS FOR THE ACCOUNT OF DISCRETIONARY INVESTMENT CLIENTS)
Rules 8.1, 8.2 and 8.4 of the Takeover Code (the "Code")
 
1.         KEY INFORMATION
 



(a) Full name of discloser:


The Star Innovation Trust




(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.


Settlor:  Shalom Meckenzie
Trustee:  Salix Trust Company (BVI) Ltd
Beneficiaries:  Shalom Meckenzie's wife, children and future descendants




(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) Status of person making the disclosure:
     e.g. offeror, offeree, person acting in concert with the offeror/offeree (specify name of offeror/offeree)


Person acting in concert with the offeror (DraftKings Inc.)
 




(e) Date dealing undertaken:


18 October 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"


NO 



 
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
 



Class of relevant security:
 


Class A common stock, par value $0.0001 each(1)




 
 


Interests


Short positions




Number


%


Number


%




(1) Relevant securities owned and/or controlled:


18,525,875


4.56%


Nil


-




(2) Cash-settled derivatives:
 


Nil


-


Nil


-




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


Nil


-


Nil


-




 
     TOTAL:


18,525,875


4.56%


Nil


-



 
Notes
(1)   All shares held by Star Innovation TR Holdings Ltd, a wholly owned subsidiary of the trust.
 
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).
 
Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).
 
(b)        Rights to subscribe for new securities (including directors' and other employee options)
 



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


None




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


N/A



 
3.         DEALINGS 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
 
(i)         Party to an offer or person acting in concert (except for a principal trader in the same group as a connected adviser)
 



Class of relevant security


Purchase/sale(1) (2)
 


Number of securities


Price per unit




Class A common stock, par value $0.0001 each


Sale


3,057


48.695




Sale


9,332


48.59




Sale


1,270


48.52




Sale


100


49.0175




Sale


100


48.915




Sale


4,029


48.84




Sale


5,739


48.73




Sale


900


49.015




Sale


4,487


49.33




Sale


4,425


48.855




Sale


2,349


48.79




Sale


200


49.555




Sale


937


49.145




Sale


3,932


48.88




Sale


750


49.45




Sale


375


49.46




Sale


801


48.805




Sale


2,720


48.535




Sale


3,926


49.32




Sale


1,341


49.37




Sale


813


49.545




Sale


316


48.985




Sale


2,208


48.49




Sale


700


49.24




Sale


2,978


49.065




Sale


3,464


48.69




Sale


2,450


48.585




Sale


23,170


48.63




Sale


3


49.13




Sale


496


49.485




Sale


7,325


49.04




Sale


8,542


49.18




Sale


1,786


49.205




Sale


1,180


48.99




Sale


2,595


49.09




Sale


1,084


48.595




Sale


3,221


48.565




Sale


6,624


48.9




Sale


200


49.335




Sale


1,358


49.165




Sale


1,872


48.53




Sale


200


49.5575




Sale


5,328


49.34




Sale


2,552


49.185




Sale


200


49.42




Sale


1,901


49.22




Sale


3,483


48.735




Sale


22


48.6275




Sale


7,813


49.07




Sale


3,453


48.93




Sale


3,294


48.525




Sale


395


49.27




Sale


20


49.125




Sale


2,820


48.94




Sale


444


49.51




Sale


51


49.265




Sale


302


48.795




Sale


9,900


48.76




Sale


2,956


48.555




Sale


4,374


49.29




Sale


2,601


48.665




Sale


5,434


48.705




Sale


5,771


48.89




Sale


200


49.095




Sale


900


49.355




Sale


300


49.0675




Sale


1,727


48.505




Sale


187


49.49




Sale


3,167


48.83




Sale


148


49.43




Sale


2,257


49.285




Sale


5,933


48.58




Sale


14,008


48.61




Sale


909


48.825




Sale


868


49.54




Sale


701


49.155




Sale


4,771


48.645




Sale


871


48.495




Sale


3,744


48.55




Sale


445


48.975




Sale


4,252


48.77




Sale


2,163


49.035




Sale


21,782


48.62




Sale


2,161


48.97




Sale


4,518


49.08




Sale


5,342


49.045




Sale


1,016


48.845




Sale


1,224


48.935




Sale


512


48.995




Sale


6,432


49.16




Sale


841


48.685




Sale


120


49.365




Sale


100


48.5575




Sale


1,685


49.03




Sale


2,506


48.745




Sale


504


48.925




Sale


7,129


48.615




Sale


955


48.725




Sale


100


48.7375




Sale


2,200


48.655




Sale


9,030


48.72




Sale


3,718


48.56




Sale


413


49.325




Sale


1,744


48.51




Sale


75


49.475




Sale


1,107


48.895




Sale


986


49.12




Sale


3,934


49.55




Sale


112


49.025




Sale


100


48.865




Sale


100


48.875




Sale


6,701


48.7




Sale


1,342


48.66




Sale


1,007


49.085




Sale


62


48.815




Sale


1,229


48.68




Sale


5,348


49.175




Sale


1,701


48.765




Sale


1,100


49.535




Sale


3,710


48.575




Sale


1,551


49.115




Sale


8,750


48.605




Sale


1,813


49.26




Sale


7,644


49.06




Sale


966


48.515




Sale


5,319


48.98




Sale


808


48.82




Sale


417


49.275




Sale


4,173


49.17




Sale


1,121


49.11




Sale


2,988


48.8




Sale


555


49.01




Sale


2,489


49.28




Sale


1,479


49.15




Sale


1,162


48.885




Sale


300


49.415




Sale


1,001


49.31




Sale


2,496


48.78




Sale


10,172


48.71




Sale


2,698


48.85




Sale


400


49.53




Sale


858


49.21




Sale


787


49.3




Sale


300


49.02




Sale


3,906


48.755




Sale


11,041


48.74




Sale


673


48.835




Sale


742


48.48




Sale


260


48.5




Sale


6,826


49.25




Sale


3,744


48.715




Sale


743


48.945




Sale


1,199


49.245




Sale


385


49.255




Sale


109


48.785




Sale


300


49.5375




Sale


6,535


48.625




Sale


533


48.47




Sale


2,262


49.35




Sale


269


49.2




Sale


100


49.295




Sale


450


49.455




Sale


6,973


49.36




Sale


1,299


49




Sale


2,300


48.545




Sale


2,079


49.105




Sale


3,175


48.87




Sale


61


49.5




Sale


1,956


49.19




Sale


2,378


48.95




Sale


11,887


48.635




Sale


824


49.215




Sale


696


49.23




Sale


3,200


48.6




Sale


14,641


49.05




Sale


352


48.485




Sale


124


49.48




Sale


3,562


48.81




Sale


732


49.1




Sale


3,312


48.91




Sale


1,049


49.075




Sale


3,524


48.86




Sale


1,145


48.96




Sale


2,015


49.055




Sale


1,847


48.775




Sale


14,720


48.64




Sale


9,751


48.65




Sale


706


48.905




Sale


1,744


48.92




Sale


2,320


48.54




Sale


3,306


48.75




Sale


3,174


48.67




Sale


7,128


48.57




Sale


1,030


48.675



 
Notes
(1)   These dealings were carried out by Star Innovation TR Holdings Ltd, a wholly owned subsidiary of the trust.
 
(2)   These dealings were carried out pursuant to The Star Innovation Trust's existing Rule 10b5-1 plan.
 
(ii)        Principal trader where the sole reason for the connection is that the principal trader is in the same group as a connected adviser
 



Class of relevant security


Purchases/ sales
 


Total number of securities


Highest price per unit paid/received


Lowest price per unit paid/received








 
 















 
(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








 
 















 
(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 party to the offer or person acting in concert making the disclosure and any other person:
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 party to the offer or person acting in concert 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.
 



 
(c)        Attachments
 
Are any Supplemental Forms attached?
 



Supplemental Form 8 (Open Positions)


NO




Supplemental Form 8 (SBL)


NO



 
 



Date of disclosure:


25 October 2021




Contact name:


Erez Abu




Telephone number:


+972 3 692 2020



 
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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