Last checked at 13 Jan 2021 12:07
FORM 8.3
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: | Barclays PLC. |
| (b) | Owner or controller of interest and short |
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| positions disclosed, if different from 1(a): | ||
| (c) | Name of offeror/offeree in relation to whose | MGM RESORTS INTERNATIONAL |
| relevant securities this form relates: | ||
| (d) | If an exempt fund manager connected with an |
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| offeror/offeree, state this and specify identity of | ||
| offeror/offeree: | ||
| (e) | Date position held/dealing undertaken: | 12 January 2021 |
| (f) | In addition to the company in 1(c) above, is the discloser making | YES: |
| disclosures in respect of any other party to the offer? | ENTAIN PLC | |
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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 | ||||
| Interests | Short Positions | ||||
| Number | (%) | Number | (%) | ||
(1) | Relevant securities owned | ||||
| and/or controlled: | 455,547 | 0.09% | 515,025 | 0.10% | |
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(2) | Cash-settled derivatives: |
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425,199 | 0.09% | 0 | 0.00% | ||
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(3) | Stock-settled derivatives (including options) |
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| and agreements to purchase/sell: | 1,021,000 | 0.21% | 633,000 | 0.13% | |
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| TOTAL: | 1,901,746 | 0.38% | 1,148,025 | 0.23% | |
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: |
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Details, including nature of the rights concerned and relevant percentages: |
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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 | Purchase/sale | Number of | Price per unit |
security |
| securities |
|
USD 0.01 common | Purchase | 200 | 30.3300 USD |
USD 0.01 common | Purchase | 200 | 30.5050 USD |
USD 0.01 common | Purchase | 224 | 30.3900 USD |
USD 0.01 common | Purchase | 300 | 30.4600 USD |
USD 0.01 common | Purchase | 700 | 30.4428 USD |
USD 0.01 common | Purchase | 709 | 30.3882 USD |
USD 0.01 common | Purchase | 800 | 30.4750 USD |
USD 0.01 common | Purchase | 1,700 | 30.4364 USD |
USD 0.01 common | Purchase | 2,000 | 30.4255 USD |
USD 0.01 common | Purchase | 2,006 | 30.4338 USD |
USD 0.01 common | Purchase | 6,904 | 30.3874 USD |
USD 0.01 common | Purchase | 9,828 | 30.4266 USD |
USD 0.01 common | Purchase | 11,146 | 30.4849 USD |
USD 0.01 common | Purchase | 19,390 | 30.4088 USD |
USD 0.01 common | Purchase | 19,450 | 30.4154 USD |
USD 0.01 common | Purchase | 20,702 | 30.4445 USD |
USD 0.01 common | Purchase | 31,748 | 30.4806 USD |
USD 0.01 common | Purchase | 36,320 | 30.2900 USD |
USD 0.01 common | Purchase | 39,078 | 30.4277 USD |
USD 0.01 common | Purchase | 68,671 | 30.3536 USD |
USD 0.01 common | Purchase | 83,681 | 30.4371 USD |
USD 0.01 common | Purchase | 90,546 | 30.3110 USD |
USD 0.01 common | Sale | 8 | 30.3700 USD |
USD 0.01 common | Sale | 16 | 30.3725 USD |
USD 0.01 common | Sale | 18 | 30.5300 USD |
USD 0.01 common | Sale | 24 | 30.3300 USD |
USD 0.01 common | Sale | 48 | 30.3850 USD |
USD 0.01 common | Sale | 56 | 30.4085 USD |
USD 0.01 common | Sale | 56 | 30.3771 USD |
USD 0.01 common | Sale | 77 | 30.3878 USD |
USD 0.01 common | Sale | 88 | 30.3972 USD |
USD 0.01 common | Sale | 100 | 30.4350 USD |
USD 0.01 common | Sale | 100 | 30.5200 USD |
USD 0.01 common | Sale | 100 | 30.4250 USD |
USD 0.01 common | Sale | 100 | 30.4900 USD |
USD 0.01 common | Sale | 100 | 30.4950 USD |
USD 0.01 common | Sale | 114 | 30.4256 USD |
USD 0.01 common | Sale | 128 | 30.3781 USD |
USD 0.01 common | Sale | 148 | 30.4050 USD |
USD 0.01 common | Sale | 160 | 30.3955 USD |
USD 0.01 common | Sale | 418 | 30.5000 USD |
USD 0.01 common | Sale | 500 | 30.5100 USD |
USD 0.01 common | Sale | 2,183 | 30.4821 USD |
USD 0.01 common | Sale | 2,900 | 30.3813 USD |
USD 0.01 common | Sale | 3,300 | 30.3869 USD |
USD 0.01 common | Sale | 5,868 | 30.3662 USD |
USD 0.01 common | Sale | 6,213 | 30.4674 USD |
USD 0.01 common | Sale | 9,755 | 30.4619 USD |
USD 0.01 common | Sale | 11,040 | 30.3795 USD |
USD 0.01 common | Sale | 11,426 | 30.4325 USD |
USD 0.01 common | Sale | 28,538 | 30.4455 USD |
USD 0.01 common | Sale | 32,865 | 30.4202 USD |
USD 0.01 common | Sale | 36,320 | 30.2900 USD |
USD 0.01 common | Sale | 92,630 | 30.3291 USD |
USD 0.01 common | Sale | 200,906 | 30.4086 USD |
(b) Cash-settled derivative transactions
Class of | Product | Nature of dealing | Number of | Price per |
relevant | description |
| reference | unit |
security |
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| securities |
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USD 0.01 common | SWAP | Long | 3,136 | 30.4845 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 |
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(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
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(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) |
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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” |
None
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(b) Agreements, arrangements or understandings relating to options or derivatives
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” |
None
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(c) Attachments
| Is a Supplemental Form 8 (Open Positions) attached? | YES |
| Date of disclosure: | 13 Jan 2021 |
| Contact name: | Large Holdings Regulatory Operations |
| Telephone number: | 020 3134 7213 |
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.
SUPPLEMENTAL FORM 8 (OPEN POSITIONS)
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
| Identity of the person whose positions/dealings | Barclays PLC. |
| are being disclosed: | |
| Name of offeror/offeree in relation to whose | MGM RESORTS INTERNATIONAL |
| relevant securities this from relates: |
2. STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)
Class | Product | Writing, | Number | Exercise | Type | Expiry |
of | description | purchasing, | of | price |
| date |
relevant |
| selling, | securities | per unit |
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security |
| varying etc | to which |
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| option |
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USD 0.01 common | Call Options | Purchased | 10,500 | 20.0000 | American | 15 Jan 2021 |
USD 0.01 common | Call Options | Purchased | 15,800 | 20.0000 | American | 21 Jan 2022 |
USD 0.01 common | Call Options | Purchased | 25,000 | 31.0000 | American | 15 Jan 2021 |
USD 0.01 common | Call Options | Purchased | 99,800 | 15.0000 | American | 15 Jan 2021 |
USD 0.01 common | Call Options | Purchased | 185,100 | 18.0000 | American | 15 Jan 2021 |
USD 0.01 common | Call Options | Written | -244,000 | 23.0000 | American | 15 Jan 2021 |
USD 0.01 common | Call Options | Written | -31,600 | 40.0000 | American | 21 Jan 2022 |
USD 0.01 common | Put Options | Purchased | -120,000 | 27.0000 | American | 18 Jun 2021 |
USD 0.01 common | Put Options | Purchased | -100,000 | 26.0000 | American | 19 Mar 2021 |
USD 0.01 common | Put Options | Purchased | -99,400 | 20.0000 | American | 15 Jan 2021 |
USD 0.01 common | Put Options | Purchased | -31,000 | 27.0000 | American | 15 Jan 2021 |
USD 0.01 common | Put Options | Purchased | -5,700 | 5.0000 | American | 15 Jan 2021 |
USD 0.01 common | Put Options | Purchased | -1,300 | 18.0000 | American | 18 Jun 2021 |
USD 0.01 common | Put Options | Written | 120,000 | 20.0000 | American | 18 Jun 2021 |
USD 0.01 common | Put Options | Written | 125,000 | 10.0000 | American | 15 Jan 2021 |
USD 0.01 common | Put Options | Written | 200,000 | 35.0000 | American | 15 Jan 2021 |
USD 0.01 common | Put Options | Written | 239,800 | 30.0000 | American | 15 Jan 2021 |
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: |
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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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