Gamesys Group PLC Announces Opening Position Disclosure Forms
Gamesys Group PLC (LSE:GYS)(OTC PINK:JKPTF) disclosed its public opening position as of April 6, 2021. The company reported no interests or short positions in any relevant securities, with all values listed as zero. The disclosure included details of positions held by directors and close relatives, totaling 2,826,119 shares or 2.58% of the issued share capital. The announcement also mentioned that Gamesys is the offeree in a potential offer involving Bally's Corporation, with no other agreements or arrangements affecting securities disclosed. The submission was made on April 7, 2021.
- Directors collectively hold 2,826,119 shares (2.58% of total issued share capital).
- No interests or short positions disclosed, indicating potential lack of investor confidence.
LONDON, UK / ACCESSWIRE / April 7, 2021 / Gamesys Group PLC (LSE:GYS)(OTC PINK:JKPTF):
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: | GAMESYS GROUP 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. | N/A |
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | GAMESYS GROUP PLC |
(d) Is the discloser the offeror or the offeree? | OFFEREE |
(e) Date position held: The latest practicable date prior to the disclosure | 6 APRIL 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, BALLY'S CORPORATION |
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 of 10 pence each in Gamesys Group plc ("Gamesys") | |||
Interests | Short positions | |||
Number | % | Number | % | |
(1) Relevant securities owned and/or controlled: | Nil | - | Nil | - |
(2) Cash-settled derivatives: | Nil | - | Nil | - |
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | Nil | - | Nil | - |
TOTAL: | Nil | - | Nil | - |
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: | ||||||
3(a) Interests of directors of Gamesys (and their close relatives and related trusts) in ordinary shares of 10 pence each in Gamesys ("Gamesys Shares") | ||||||
Name | Number of ordinary shares | Percentage of total issued share capital (%)* | ||||
Neil Goulden | 125,000 | 0.114 | ||||
Lee Fenton | 729,026 | 0.666 | ||||
Robeson Reeves | 779,250** | 0.712 | ||||
Keith Laslop | 1,078,682*** | 0.985 | ||||
Tina Southall | 94,170**** | 0.086 | ||||
Colin Sturgeon | 5,000 | 0.005 | ||||
Nigel Brewster | 4,991 | 0.005 | ||||
Jim Ryan | 10,000 | 0.009 | ||||
Total: | 2,826,119 | 2.581 | ||||
* Based on 109,498,630 Gamesys Shares in issue as at 6 April 2021. ** Includes 200 Gamesys Shares held by Lisa Harvey and 1,650 Gamesys Shares held by Dr. Francis William Hugh Reeves, each being close relatives of Robeson Reeves. *** Includes 1,069,511 Gamesys Shares held by a company that is ultimately controlled by the Laslop Family Settlement, a related trust of Keith Laslop. **** Includes 408 Gamesys Shares held under the Share Incentive Plan ("SIP"). | ||||||
3(b) Interests of directors of Gamesys in Gamesys share options/awards in respect of Gamesys Shares | ||||||
Director | Description of option/award | Number | Date of grant | Exercise price | Vesting date | Lapse date |
Lee Fenton | Long Term Incentive Plan ("LTIP") 3 | 85,149 | 30 September 2019 | Nil | 9 March 2022 | 30 September 2029 |
LTIP 4 | 98,842 | 25 March 2020 | Nil | 8 March 2023 | 25 March 2030 | |
Robeson Reeves | LTIP 3 | 59,604 | 30 September 2019 | Nil | 9 March 2022 | 30 September 2029 |
LTIP 4 | 69,189 | 25 March 2020 | Nil | 8 March 2023 | 25 March 2030 | |
Keith Laslop | LTIP 2 | 55,551 | 28 March 2018 | Nil | 26 March 2021 | 28 March 2028 |
LTIP 3 | 74,591 | 30 September 2019 | Nil | 9 March 2022 | 30 September 2029 | |
LTIP 4 | 95,988 | 25 March 2020 | Nil | 8 March 2023 | 25 March 2030 | |
Tina Southall | LTIP 3 | 25,204 | 30 September 2019 | Nil | 9 March 2022 | 30 September 2029 |
LTIP 4 | 36,165 | 25 March 2020 | Nil | 8 March 2023 | 25 March 2030 | |
3(c) Interests in Gamesys Shares held by other concert parties of Gamesys | ||||||
Concert Party | Number of ordinary shares | Percentage of total issued share capital (%)* | ||||
Macquarie Capital (Europe) Limited | 336,561 | 0.307 | ||||
* Based on 109,498,630 Gamesys Shares in issue as at 6 April 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: | 7 April 2021 |
Contact name: | Dan Talisman |
Telephone number: | +44 (0)7795 418 827 |
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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SOURCE: Gamesys Group PLC
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