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

プレイAGS:PlayAGS社―想定キャッシュ決済オプションシンボル:AGS

OCC ·  07/09 03:56

Summary by Futu AI

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株式会社の株主は、Brightstar Capital Partnersが管理するBingo Holdings I、LLCの子会社であるBingo Merger Sub、Inc.との提案された合併について投票します。合併が承認された場合、各AGS Common Shareは、1株あたり純現金12.50ドルの権利に換算されます。契約の調整により、契約あたりの新しい引渡し物は現金1,250.00ドルであり、2025年の後半に合併完了の翌営業日から有効になります。AGSオプションの解決は、OCCの現金決済システムを介して行われ、解決金額はストライク金額と現金引き渡し額の差になります。さらに、現金引き渡しに調整された株式オプション契約は、OCCルール807に従い、加速された満期日を経験します。
2024年8月6日、PlayAGS株式会社の株主は、Brightstar Capital Partnersが管理するBingo Holdings I、LLCの子会社であるBingo Merger Sub、Inc.との提案された合併について投票します。合併が承認された場合、各AGS Common Shareは、1株あたり純現金12.50ドルの権利に換算されます。契約の調整により、契約あたりの新しい引渡し物は現金1,250.00ドルであり、2025年の後半に合併完了の翌営業日から有効になります。AGSオプションの解決は、OCCの現金決済システムを介して行われ、解決金額はストライク金額と現金引き渡し額の差になります。さらに、現金引き渡しに調整された株式オプション契約は、OCCルール807に従い、加速された満期日を経験します。

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