Gamesys Group PLC Announces Opening Position Disclosure Forms 2

Rhea-AI Summary

Gamesys Group PLC (LSE:GYS, OTC PINK:JKPTF) announced its public opening position disclosure related to an offer by Bally's Corporation on April 7, 2021. The disclosure highlights that Gamesys is an offeree, confirming nil interests or short positions in Bally's common stock as of April 6, 2021. Additionally, it states the ownership interests of directors in Bally's common stock, which are minimal. The document also confirms that no supplemental forms regarding open positions or securities lending were attached.

Positive

• Gamesys confirmed its offeree status in the offer from Bally's Corporation.
• No interests or short positions were reported, indicating a clean slate on liabilities.

Negative

• Directors' holdings of Bally's stock are minimal, raising concerns about confidence in the offer.

LONDON, UK / ACCESSWIRE / April 7, 2021 / Gamesys Group PLC (LSE:GYS)(OTC PINK:JKPTF):

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:	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	BALLY'S CORPORATION
(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, GAMESYS GROUP PLC

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:	Common stock of par value $0.01 each in Bally's Corporation ("Bally's")
	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:
Interests of directors of Gamesys Group plc in common stock of par value $0.01 each in Bally's
Name	Number of common stock	Percentage of total issued share capital of Bally's (%)*
Keith Laslop	3,600	0.012
Lee Fenton	10,306	0.033
* Percentages have been rounded and are based on Bally's issued share capital of 30,980,829 shares of common stock (excluding common stock held in treasury) as at 23 March 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Gamesys Group PLC

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https://www.accesswire.com/639283/Gamesys-Group-PLC-Announces-Opening-Position-Disclosure-Forms-2

FAQ

What does the recent press release from Gamesys Group PLC on April 7, 2021, state?

The press release details Gamesys Group PLC's public opening position disclosure as an offeree in relation to Bally's Corporation's offer, confirming no interests or short positions.

What is the significance of Gamesys being the offeree in Bally's offer?

It indicates that Gamesys is the recipient of an offer from Bally's Corporation, which impacts its market operations and shareholder interests.

What information was disclosed regarding the ownership positions of Gamesys Group PLC directors?

The disclosure shows that the directors of Gamesys hold minimal amounts of Bally's common stock, suggesting limited personal investment in the offer.

Is there any evidence of positions or rights to subscribe for new securities in the Gamesys press release?

No, the press release states that there are no rights to subscribe for new securities or relevant securities concerning Bally's.