Gamesys Group PLC Announces Revised: Opening Position Disclosure Form- Gamesys

Rhea-AI Summary

Gamesys Group PLC has filed a revised Form 8 (OPD) regarding its public opening position disclosure as of April 7, 2021. The company, which is the offeree in a takeover bid by Bally's Corporation, reported no interests or short positions in relevant securities. The total number of ordinary shares held by directors and related parties amounts to 2,826,119, representing 2.58% of the issued share capital, with no current cash-settled or stock-settled derivatives. This disclosure aims to maintain compliance with the UK Takeover Code regulations.

Positive

• Directors and related parties hold 2,826,119 shares, demonstrating insider ownership.
• No short positions reported, indicating possible confidence in the company's stability.

Negative

• No interests in relevant securities reported, suggesting a lack of market engagement or confidence.
• Total shareholding by directors and concert parties is relatively low at 2.58%.

LONDON, UK / ACCESSWIRE / April 8, 2021 / Gamesys Group PLC (LSE:GYS)(OTC PINK:JKPTF):

FORM 8 (OPD)

AMENDMENT - CHANGE TO SECTION 3

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	7 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 109,503,120 Gamesys Shares in issue as at 7 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 (and their close relatives) 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
Tasha Harvey*	LTIP 3	17,711	30 September 2019	Nil	9 March 2022	30 September 2029
	LTIP 4	20,331	25 March 2020	Nil	8 March 2023	25 March 2030
* A close relative of Robeson Reeves.
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 109,503,120 Gamesys Shares in issue as at 7 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:	8 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

View source version on accesswire.com:
https://www.accesswire.com/639498/Gamesys-Group-PLC-Announces-Revised-Opening-Position-Disclosure-Form-Gamesys

FAQ

What is the significance of the revised Form 8 (OPD) from Gamesys Group PLC on April 8, 2021?

The revised Form 8 discloses that Gamesys has no interests or short positions in relevant securities, reflecting its status as the offeree in a takeover bid by Bally's Corporation.

How many shares do Gamesys Group PLC directors own as of April 7, 2021?

As of April 7, 2021, directors and related parties own a total of 2,826,119 Gamesys shares, which is 2.58% of the total issued share capital.

What does the lack of interests in relevant securities mean for Gamesys Group PLC?

The absence of interests in relevant securities may indicate a lack of market confidence or engagement from the company's executive team.

Who is the offeror in the Gamesys Group PLC takeover?

Bally's Corporation is the offeror in the takeover bid for Gamesys Group PLC.

What are stock-settled derivatives and did Gamesys report any?

Stock-settled derivatives are financial instruments that derive their value from the underlying shares. Gamesys reported no open stock-settled derivatives.