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PlayAGS: PlayAGS, Inc. - Anticipated Cash Settlement Option Symbol: AGS

PlayAGS: PlayAGS, Inc. - Anticipated Cash Settlement Option Symbol: AGS

PlayAGS：PlayAGS公司 - 预计现金结算选择 标的: AGS
OCC期权清算公司 ·  07/08 15:56
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On August 6, 2024, shareholders of PlayAGS, Inc. will cast their votes on a proposed merger with Bingo Merger Sub, Inc., a subsidiary of Bingo Holdings I, LLC, under the management of Brightstar Capital Partners. If the merger is approved, each AGS Common Share will be converted into a right to receive $12.50 in net cash per share. The contract adjustment, which will result in a new deliverable per contract of $1,250.00 cash, is expected to take place in the second half of 2025, effective the opening of the business day following the merger's completion. The settlement of AGS options will be conducted through the OCC's cash settlement system, with the settlement amount being the difference between the strike amount and the cash deliverable. Additionally, equity stock option contracts adjusted for cash-only delivery will experience an accelerated expiration date as per OCC Rule 807.
On August 6, 2024, shareholders of PlayAGS, Inc. will cast their votes on a proposed merger with Bingo Merger Sub, Inc., a subsidiary of Bingo Holdings I, LLC, under the management of Brightstar Capital Partners. If the merger is approved, each AGS Common Share will be converted into a right to receive $12.50 in net cash per share. The contract adjustment, which will result in a new deliverable per contract of $1,250.00 cash, is expected to take place in the second half of 2025, effective the opening of the business day following the merger's completion. The settlement of AGS options will be conducted through the OCC's cash settlement system, with the settlement amount being the difference between the strike amount and the cash deliverable. Additionally, equity stock option contracts adjusted for cash-only delivery will experience an accelerated expiration date as per OCC Rule 807.
2024年8月6日，PlayAGS股东将就与Bingo Holdings I，LLC的子公司Bingo Merger Sub，Inc.的合并提案进行投票，由Brightstar Capital Partners管理。如果合并获得批准，每个AGS普通股将转换为每股净现金12.50美元的权利。合同调整将导致每份合同的新交付物为1,250.00美元的现金，预计将在2025年下半年完成合并后的第一个营业日生效。AGS期权的结算将通过OCC的现金结算系统进行，结算金额为行权价格和现金交付金额之间的差额。此外，仅调整为现金交付的股票期权合同将根据OCC规则807体验加速到期日。
2024年8月6日，PlayAGS股东将就与Bingo Holdings I，LLC的子公司Bingo Merger Sub，Inc.的合并提案进行投票，由Brightstar Capital Partners管理。如果合并获得批准，每个AGS普通股将转换为每股净现金12.50美元的权利。合同调整将导致每份合同的新交付物为1,250.00美元的现金，预计将在2025年下半年完成合并后的第一个营业日生效。AGS期权的结算将通过OCC的现金结算系统进行，结算金额为行权价格和现金交付金额之间的差额。此外，仅调整为现金交付的股票期权合同将根据OCC规则807体验加速到期日。
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