26th May 2026 10:30
FORM 8.5 (EPT/RI)
PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
Rule 8.5 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Name of exempt principal trader: | J.P. Morgan Securities Plc |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Bodycote plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Financial adviser to Apollo Management X, L.P. (together with Apollo Global Management, Inc. and its subsidiaries) |
(d) Date dealing undertaken: | 22 May 2026 |
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer? If it is a cash offer or possible cash offer, state "N/A" | N/A |
2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
The currency of all prices and other monetary amounts should be stated.
(a) Purchases and sales
Class of relevant security | Purchases/ sales
| Total number of securities | Highest price per unit paid/received | Lowest price per unit paid/received |
17 3/11p ordinary | Purchase | 519,110 | 8.3150 GBP | 7.0900 GBP |
| Sale | 394,410 | 8.3300 GBP | 7.0950 GBP |
(b) Cash-settled derivative transactions
Class of relevant security | Product description e.g. CFD | Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position | Number of reference securities | Price per unit |
17 3/11p ordinary | Equity Swap | Opening a long position | 1 | 7.1048 GBP |
1,011 | 7.2909 GBP | |||
6,621 | 7.3184 GBP | |||
485 | 7.3833 GBP | |||
330 | 7.4998 GBP | |||
1,663 | 7.5454 GBP | |||
261 | 7.5998 GBP | |||
19,766 | 7.9533 GBP | |||
23,267 | 7.9862 GBP | |||
732 | 8.0786 GBP | |||
3,702 | 8.0939 GBP | |||
3,833 | 8.1499 GBP | |||
27,071 | 8.2400 GBP | |||
600 | 8.2523 GBP | |||
1,099 | 8.2562 GBP | |||
13,329 | 8.2681 GBP | |||
157 | 8.2779 GBP | |||
157 | 8.2869 GBP | |||
4,958 | 8.3024 GBP | |||
25 | 8.3117 GBP | |||
122 | 8.3140 GBP | |||
283 | 8.3142 GBP | |||
2,092 | 8.3146 GBP | |||
Opening a short position | 2 | 7.1552 GBP | ||
1 | 7.1652 GBP | |||
3,702 | 7.2578 GBP | |||
600 | 7.2834 GBP | |||
3,790 | 7.4628 GBP | |||
1,745 | 7.6589 GBP | |||
2,570 | 7.6590 GBP | |||
1,755 | 7.7399 GBP | |||
2,069 | 7.8144 GBP | |||
225 | 7.8885 GBP | |||
24 | 7.8952 GBP | |||
4,990 | 7.9240 GBP | |||
21,644 | 8.1416 GBP | |||
61,689 | 8.1486 GBP | |||
3,835 | 8.1561 GBP | |||
4,330 | 8.1726 GBP | |||
44,855 | 8.1738 GBP | |||
2,400 | 8.1796 GBP | |||
35,253 | 8.2370 GBP | |||
4 | 8.2388 GBP | |||
12,031 | 8.2714 GBP | |||
2 | 8.3150 GBP |
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
Class of relevant security | Product description e.g. call option | Writing, purchasing, selling, varying etc. | Number of securities to which option relates | Exercise price per unit | Type e.g. American, European etc. | Expiry date | Option money paid/ received per unit |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
(d) Other dealings (including subscribing for new securities)
Class of relevant security | Nature of dealing e.g. subscription, conversion | Details | Price per unit (if applicable) |
|
|
|
|
3. 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 exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: 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 exempt principal trader making the disclosure 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
|
| Date of disclosure: | 26 May 2026 |
| Contact name: | Hetvi Shah |
| Telephone number: | 44 2034 936359 |
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 dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
Related Shares:
Bodycote