REG - BNP Paribas London MGM Resorts Intnl. - Form 8.3 - MGM Resorts International

MGM Resorts InternationalAnnouncement

15/01/2021 14:40

RNS Number : 9078L
  
BNP Paribas London
  
15 January 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


MGM Resorts International




 (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


14/01/2021




 (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 0.01 common (US5529531015)



 



 
 


Interests
 


Short Positions
 



 



 


Number


%


Number


%




  (1) Relevant securities owned and/or controlled:


           5,288,871


   1.07


          -5,046,596


  -1.02




  (2) Cash-settled derivatives:
 


 


 


 


 




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


           4,973,500


   1.01


          -2,633,700


   -.53




       TOTAL:


          10,262,371


   2.07


          -7,680,296


  -1.55



 



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




US5529531015


Sale


                  -2


              30.2800 USD




US5529531015


Sale


                 -98


              30.2800 USD




US5529531015


Purchase


                  18


              30.2800 USD




US5529531015


Purchase


              10,572


              30.2700 USD




US5529531015


Sale


                 -41


              30.2800 USD




US5529531015


Purchase


                  51


              30.2800 USD




US5529531015


Sale


                 -80


              30.2800 USD




US5529531015


Purchase


              29,596


              30.2800 USD




US5529531015


Purchase


                  29


              30.2800 USD




US5529531015


Purchase


               3,405


              30.2800 USD




US5529531015


Purchase


               1,546


              30.2800 USD




US5529531015


Sale


                -162


              30.2800 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




 
 


 
 


 
 


 
 


 
 



 



(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:
 


     15/01/2021




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:


MGM Resorts International



 



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 0.01 common (US5529531015)


Call Option


W


-29200


37


american


15/01/2021




USD 0.01 common (US5529531015)


Put Option


W


92700


23


american


15/01/2021




USD 0.01 common (US5529531015)


Put Option


P


-18000


18


american


21/01/2022




USD 0.01 common (US5529531015)


Call Option


P


29200


37


american


15/01/2021




USD 0.01 common (US5529531015)


Put Option


P


-92700


23


american


15/01/2021




USD 0.01 common (US5529531015)


Put Option


W


18000


18


american


21/01/2022




USD 0.01 common (US5529531015)


Put Option


W


63700


13


american


18/06/2021




USD 0.01 common (US5529531015)


Put Option


W


56800


13


american


21/01/2022




USD 0.01 common (US5529531015)


Put Option


W


62600


13


american


18/06/2021




USD 0.01 common (US5529531015)


Put Option


W


53100


13


american


21/01/2022




USD 0.01 common (US5529531015)


Put Option


W


45200


23


american


15/01/2021




USD 0.01 common (US5529531015)


Put Option


W


62400


12


american


15/01/2021




USD 0.01 common (US5529531015)


Put Option


W


54700


13


american


15/01/2021




USD 0.01 common (US5529531015)


Put Option


W


127900


10


american


15/01/2021




USD 0.01 common (US5529531015)


Put Option


W


89800


15


american


15/01/2021




USD 0.01 common (US5529531015)


Put Option


W


48800


15


american


21/01/2022




USD 0.01 common (US5529531015)


Put Option


W


54100


13


american


21/01/2022




USD 0.01 common (US5529531015)


Put Option


W


59200


17


american


19/03/2021




USD 0.01 common (US5529531015)


Put Option


W


55200


18


american


21/01/2022




USD 0.01 common (US5529531015)


Call Option


W


-75800


23


american


21/01/2022




USD 0.01 common (US5529531015)


Put Option


W


49800


18


american


18/06/2021




USD 0.01 common (US5529531015)


Put Option


P


-45200


23


american


15/01/2021




USD 0.01 common (US5529531015)


Put Option


P


-89800


15


american


15/01/2021




USD 0.01 common (US5529531015)


Put Option


P


-49800


18


american


18/06/2021




USD 0.01 common (US5529531015)


Put Option


P


-54700


13


american


15/01/2021




USD 0.01 common (US5529531015)


Put Option


P


-63700


13


american


18/06/2021




USD 0.01 common (US5529531015)


Put Option


P


-59200


17


american


19/03/2021




USD 0.01 common (US5529531015)


Put Option


P


-48800


15


american


21/01/2022




USD 0.01 common (US5529531015)


Put Option


P


-127900


10


american


15/01/2021




USD 0.01 common (US5529531015)


Put Option


P


-62600


13


american


18/06/2021




USD 0.01 common (US5529531015)


Put Option


P


-56800


13


american


21/01/2022




USD 0.01 common (US5529531015)


Put Option


P


-53100


13


american


21/01/2022




USD 0.01 common (US5529531015)


Put Option


P


-62400


12


american


15/01/2021




USD 0.01 common (US5529531015)


Put Option


P


-55200


18


american


21/01/2022




USD 0.01 common (US5529531015)


Call Option


P


75800


23


american


21/01/2022




USD 0.01 common (US5529531015)


Put Option


P


-54100


13


american


21/01/2022




USD 0.01 common (US5529531015)


Put Option


W


2500000


30.28


european


28/04/2021




USD 0.01 common (US5529531015)


Call Option


P


20000


30.28


american


21/01/2022




USD 0.01 common (US5529531015)


Put Option


P


-54500


30.28


american


15/01/2021




USD 0.01 common (US5529531015)


Put Option


W


100000


30.28


american


21/01/2022




USD 0.01 common (US5529531015)


Call Option


P


29400


30.28


american


15/01/2021




USD 0.01 common (US5529531015)


Put Option


P


-23000


30.28


american


21/01/2022




USD 0.01 common (US5529531015)


Put Option


P


-95000


30.28


american


15/01/2021




USD 0.01 common (US5529531015)


Put Option


P


-300


30.28


american


15/01/2021




USD 0.01 common (US5529531015)


Put Option


P


-100


30.28


american


15/01/2021




USD 0.01 common (US5529531015)


Call Option


P


200


30.28


american


21/01/2022




USD 0.01 common (US5529531015)


Put Option


P


-241000


30.28


american


15/01/2021




USD 0.01 common (US5529531015)


Put Option


W


26000


30.28


american


15/01/2021




USD 0.01 common (US5529531015)


Put Option


P


-34500


30.28


american


15/01/2021




USD 0.01 common (US5529531015)


Call Option


W


-13900


30.28


american


21/01/2022




USD 0.01 common (US5529531015)


Put Option


P


-13900


30.28


american


21/01/2022




USD 0.01 common (US5529531015)


Put Option


P


-35000


30.28


american


15/01/2021




USD 0.01 common (US5529531015)


Call Option


W


-3500


30.28


american


15/01/2021




USD 0.01 common (US5529531015)


Put Option


P


-88000


30.28


american


15/01/2021




USD 0.01 common (US5529531015)


Call Option


P


27900


30.28


american


15/01/2021




USD 0.01 common (US5529531015)


Call Option


W


-9300


30.28


american


15/01/2021




USD 0.01 common (US5529531015)


Call Option


W


-146300


30.28


american


15/01/2021




USD 0.01 common (US5529531015)


Put Option


P


-55400


30.28


american


15/01/2021




USD 0.01 common (US5529531015)


Call Option


P


191000


30.28


american


15/01/2021




USD 0.01 common (US5529531015)


Call Option


W


-99800


30.28


american


15/01/2021




USD 0.01 common (US5529531015)


Call Option


P


53500


30.28


american


15/01/2021




USD 0.01 common (US5529531015)


Call Option


W


-70000


30.28


american


15/01/2021




USD 0.01 common (US5529531015)


Call Option


W


-18500


30.28


american


15/01/2021




USD 0.01 common (US5529531015)


Put Option


W


7500


30.28


american


21/01/2022




USD 0.01 common (US5529531015)


Call Option


P


12300


30.28


american


21/01/2022




USD 0.01 common (US5529531015)


Call Option


P


21600


30.28


american


15/01/2021




USD 0.01 common (US5529531015)


Call Option


P


1400


30.28


american


21/01/2022




USD 0.01 common (US5529531015)


Call Option


W


-71800


30.28


american


15/01/2021




USD 0.01 common (US5529531015)


Call Option


W


-283000


30.28


american


15/01/2021




USD 0.01 common (US5529531015)


Call Option


W


-300


30.28


american


15/01/2021




USD 0.01 common (US5529531015)


Call Option


W


-1600


30.28


american


15/01/2021




USD 0.01 common (US5529531015)


Call Option


P


29200


30.28


american


15/01/2021




USD 0.01 common (US5529531015)


Put Option


W


128000


30.28


american


15/01/2021




USD 0.01 common (US5529531015)


Put Option


W


58500


30.28


american


15/01/2021




USD 0.01 common (US5529531015)


Call Option


W


-76000


30.28


american


21/01/2022




USD 0.01 common (US5529531015)


Put Option


W


60000


30.28


american


19/03/2021




USD 0.01 common (US5529531015)


Put Option


W


90000


30.28


american


15/01/2021




USD 0.01 common (US5529531015)


Put Option


P


-100000


30.28


american


15/01/2021




USD 0.01 common (US5529531015)


Put Option


W


73000


30.28


american


21/01/2022




USD 0.01 common (US5529531015)


Put Option


W


126000


30.28


american


18/06/2021




USD 0.01 common (US5529531015)


Put Option


W


164000


30.28


american


21/01/2022




USD 0.01 common (US5529531015)


Put Option


W


55000


30.28


american


15/01/2021




USD 0.01 common (US5529531015)


Put Option


W


50000


30.28


american


18/06/2021




USD 0.01 common (US5529531015)


Put Option


W


50000


30.28


american


21/01/2022



 



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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