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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 - 預計現金結算選擇 標的: AGS
OCC期權清算公司 ·  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股東將就與Bingo Merger Sub, Inc.(Bingo Holdings I,LLC的子公司)的擬議合併投票,並在Brightstar Capital Partners的管理下進行。如果合併獲得批准,則每個AGS Common Share將轉換爲每股12.50美元的淨現金權。預計合約調整將導致每個合約的新交付額爲1,250.00美元現金,將在合併完成後的第二個半年有所變化,有效期爲開業日。 AGS期權的結算將通過OCC的現金結算系統進行,結算金額將是行使價格與現金交收之間的差額。此外,僅調整爲現金交付的股票期權合約將根據OCC規則807體驗加速到期日期。
2024年8月6日,PlayAGS股東將就與Bingo Merger Sub, Inc.(Bingo Holdings I,LLC的子公司)的擬議合併投票,並在Brightstar Capital Partners的管理下進行。如果合併獲得批准,則每個AGS Common Share將轉換爲每股12.50美元的淨現金權。預計合約調整將導致每個合約的新交付額爲1,250.00美元現金,將在合併完成後的第二個半年有所變化,有效期爲開業日。 AGS期權的結算將通過OCC的現金結算系統進行,結算金額將是行使價格與現金交收之間的差額。此外,僅調整爲現金交付的股票期權合約將根據OCC規則807體驗加速到期日期。
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