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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 ·  07/09 03:56

牛牛AI助理已提取核心訊息

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股東將投票表決是否與Bingo Merger Sub,Bingo Holdings I,LLC的子公司在Brightstar Capital Partners公司管理下合併。如果收購獲得批准,每個AGS普通股將被轉換爲每股12.50美元的淨現金權利。合約調整將導致每個合約的新交付品爲1,250.00美元的現金,預計將在2025年下半年完成合並的開業後生效。AGS期權的結算將通過OCC的現金結算系統進行,結算金額爲行使價格與現金交付金額之間的差額。此外,僅調整爲現金交割的股權期權合約將根據OCC規則807經歷加速到期日。
2024年8月6日,PlayAGS股東將投票表決是否與Bingo Merger Sub,Bingo Holdings I,LLC的子公司在Brightstar Capital Partners公司管理下合併。如果收購獲得批准,每個AGS普通股將被轉換爲每股12.50美元的淨現金權利。合約調整將導致每個合約的新交付品爲1,250.00美元的現金,預計將在2025年下半年完成合並的開業後生效。AGS期權的結算將通過OCC的現金結算系統進行,結算金額爲行使價格與現金交付金額之間的差額。此外,僅調整爲現金交割的股權期權合約將根據OCC規則807經歷加速到期日。

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