REG - Entain PLC - Form 8 (OPD) (Entain PLC / DraftKings Inc)

EntainAnnouncement

05/10/2021 11:40

RNS Number : 0777O
  
Entain PLC
  
05 October 2021
  
 

FORM 8 (OPD)
 
PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER
Rules 8.1 and 8.2 of the Takeover Code (the "Code")
 
1.         KEY INFORMATION
 



(a) Full name of discloser:


ENTAIN PLC




(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


ENTAIN PLC (OFFEREE)




(d) Is the discloser the offeror or the offeree?


OFFEREE




(e) Date position held:
     The latest practicable date prior to the disclosure


4 OCTOBER2021




(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: DRAFTKINGS INC (OFFEROR)



 
2.         POSITIONS OF THE PARTY TO THE OFFER 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
 



Class of relevant security:
 


ORDINARY SHARES




 
 


Interests


Short positions




Number


%


Number


%




(1) Relevant securities owned and/or controlled:


Nil 


0.000


Nil 


0.000




(2) Cash-settled derivatives:
 


Nil 


0.000


Nil 


0.000




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


Nil 


0.000


Nil 


0.000




 
     TOTAL:


Nil 


0.000


Nil 


0.000



 
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
 



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


NONE




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


NONE



 
 
3.         POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE
 



Details of any interests, short positions and rights to subscribe (including directors' and other employee options) of any person acting in concert with the party to the offer making the disclosure:




1.   Interests held by directors of Entain and their close relatives and related trusts (excluding the options and awards set out below):
 



Entain director / close relatives / related trusts


Number of ordinary shares 


% of issued ordinary share capital*




Jette Nygaard-Andersen


9,900


0.00169




Rob Wood


18,000


0.00307




John Wood (Rob Wood's father)


1,000


0.00017




Wood Family Trust (Rob Wood's father's trust for the benefit of family members)


6,500


0.00111




Robert Hoskin


12,010


0.00205




Sian Hoskin (wife of Robert Hoskin)


486


0.00008




Barry Gibson


27,210


0.00464




Brenda Gibson (wife of Barry Gibson)


39,277


0.00670




Pierre Bouchut


38,500


0.00657




Peter Isola


36,135


0.00616




Virginia McDowell


15,000


0.00256




Sandeep Tiku


8,972


0.00153



        *Figures are rounded to 5 decimal places.
 
2. Options and awards held by directors of Entain in Entain shares:
 
Long Term Incentive Plan, Restricted Stock Awards and Conditional Share Awards
 



Director


Number of ordinary shares


Date of grant


Award price (pence)


Vesting date




Robert Hoskin


56,939 


20/09/2018


0


20/09/2021




Robert Hoskin


180,886


26/03/2019


0


26/03/2022




Robert Hoskin


119,160


10/06/2020


0


10/06/2023




Robert Hoskin


65,573


24/03/2021


0


24/03/2024




Sian Hoskin (wife of Robert Hoskin)


2,545


10/06/2020


0


10/06/2023




Sian Hoskin (wife of Robert Hoskin)


1,393


24/03/2021


0


24/03/2024




Rob Wood


27,519 


20/09/2018


0


20/09/2021




Rob Wood


197,044


26/03/2019


0


26/03/2022




Rob Wood


136,803


10/06/2020


0


10/06/2023




Rob Wood 
 


86,065
 


24/03/2021


0


24/03/2024




Jette Nygaard-Andersen


147,540


24/03/2021


0


24/03/2024




Sandeep Tiku


13,755


28/12/2017


0


28/12/2020




Sandeep Tiku 


72,235


26/03/2019


0


26/03/2022




Sandeep Tiku


52,090


10/06/2020


0


10/06/2023




Sandeep Tiku


49,180


24/03/2021


0


24/03/2024



 
Deferred Bonus Plan 
 



Director


Number of Entain Shares


Date of grant


Award price (pence)


Vesting date




Rob Wood


39,067


10/06/2020


0


10/06/2023



3. Interests held by connected advisors of Entain in Entain:
 



Entain concert party


Number of ordinary shares 


% of issued ordinary share capital**




Parametric Portfolio Associates LLC***


256,876


0.0438



 



Entain concert party


Number of American depositary receipts 


% of issued ordinary share capital**




Parametric Portfolio Associates LLC***


309,100


0.0528



 
**Figures are rounded to 4 decimal places.
***Position as at the close of business on 1 October 2021.
 



 
 
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).
 
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 making the disclosure or any person acting in concert with it:
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 making the disclosure, or any person acting in concert with it, 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:


5 October 2021 




Contact name:


Emily Carey, Company Secretary
 




Telephone number:


+44 7929 850134



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

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