28th May 2026 11:02
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: | Morgan Stanley & Co. International plc |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Intertek Group plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | EQT Fund Management S.a.r.l. |
(d) Date dealing undertaken: | 27 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 |
1p ordinary | PURCHASES | 139,424 | 55.3500 GBP | 55.0000 GBP |
1p ordinary | SALES | 136,188 | 55.4000 GBP | 55.0000 GBP |
1p ordinary | SALES | 6,827 | 74.0783 USD | 74.0783 USD |
(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 |
1p ordinary | CFD | increasing a long position | 193 | 55.0250 GBP |
1p ordinary | CFD | increasing a long position | 190 | 55.0500 GBP |
1p ordinary | CFD | increasing a long position | 914 | 55.0644 GBP |
1p ordinary | CFD | increasing a long position | 1,787 | 55.0644 GBP |
1p ordinary | CFD | increasing a long position | 1,090 | 55.0644 GBP |
1p ordinary | CFD | increasing a long position | 1,197 | 55.0644 GBP |
1p ordinary | CFD | increasing a long position | 560 | 55.0644 GBP |
1p ordinary | CFD | increasing a long position | 426 | 55.0644 GBP |
1p ordinary | CFD | increasing a long position | 621 | 55.0644 GBP |
1p ordinary | CFD | increasing a long position | 3,115 | 55.0644 GBP |
1p ordinary | CFD | increasing a long position | 109 | 55.0644 GBP |
1p ordinary | CFD | increasing a long position | 9,560 | 55.1248 GBP |
1p ordinary | CFD | increasing a long position | 9 | 55.1489 GBP |
1p ordinary | CFD | increasing a long position | 250 | 55.1500 GBP |
1p ordinary | CFD | increasing a long position | 1,949 | 55.1500 GBP |
1p ordinary | CFD | increasing a long position | 2,477 | 55.1500 GBP |
1p ordinary | CFD | increasing a long position | 997 | 55.1500 GBP |
1p ordinary | CFD | increasing a long position | 6,827 | 55.1691 GBP |
1p ordinary | CFD | increasing a long position | 318 | 55.1958 GBP |
1p ordinary | CFD | increasing a long position | 1,703 | 55.2117 GBP |
1p ordinary | CFD | increasing a long position | 42 | 55.3250 GBP |
1p ordinary | CFD | increasing a short position | 69 | 55.0000 GBP |
1p ordinary | CFD | increasing a short position | 51 | 55.0333 GBP |
1p ordinary | CFD | increasing a short position | 200 | 55.0386 GBP |
1p ordinary | CFD | increasing a short position | 214 | 55.1206 GBP |
1p ordinary | CFD | increasing a short position | 488 | 55.1252 GBP |
1p ordinary | CFD | increasing a short position | 2,565 | 55.1331 GBP |
1p ordinary | CFD | increasing a short position | 202 | 55.1438 GBP |
1p ordinary | CFD | increasing a short position | 334 | 55.1500 GBP |
1p ordinary | CFD | increasing a short position | 163 | 55.1500 GBP |
1p ordinary | CFD | increasing a short position | 15,497 | 55.1500 GBP |
1p ordinary | CFD | increasing a short position | 1 | 55.1500 GBP |
1p ordinary | CFD | increasing a short position | 6,300 | 55.1567 GBP |
1p ordinary | CFD | increasing a short position | 7,915 | 55.1567 GBP |
1p ordinary | CFD | increasing a short position | 18,905 | 55.1567 GBP |
1p ordinary | CFD | increasing a short position | 318 | 55.1638 GBP |
1p ordinary | CFD | increasing a short position | 8,259 | 55.1667 GBP |
1p ordinary | CFD | increasing a short position | 3,981 | 55.1667 GBP |
1p ordinary | CFD | increasing a short position | 2,760 | 55.1667 GBP |
1p ordinary | CFD | increasing a short position | 17 | 55.1765 GBP |
1p ordinary | CFD | increasing a short position | 1,462 | 55.1910 GBP |
1p ordinary | CFD | increasing a short position | 9,694 | 55.1927 GBP |
1p ordinary | CFD | increasing a short position | 860 | 55.2131 GBP |
1p ordinary | CFD | increasing a short position | 60 | 55.2202 GBP |
1p ordinary | CFD | increasing a short position | 348 | 55.2618 GBP |
1p ordinary | CFD | increasing a short position | 21 | 55.3381 GBP |
1p ordinary | CFD | increasing a short position | 38 | 55.3382 GBP |
1p ordinary | CFD | increasing a short position | 4 | 55.3500 GBP |
1p ordinary | CFD | reducing a long position | 142 | 55.0309 GBP |
1p ordinary | CFD | reducing a long position | 262 | 55.0348 GBP |
1p ordinary | CFD | reducing a long position | 1,052 | 55.1284 GBP |
1p ordinary | CFD | reducing a long position | 708 | 55.1397 GBP |
1p ordinary | CFD | reducing a long position | 3 | 55.1500 GBP |
1p ordinary | CFD | reducing a long position | 223 | 55.1500 GBP |
1p ordinary | CFD | reducing a long position | 21 | 55.1500 GBP |
1p ordinary | CFD | reducing a long position | 163 | 55.1500 GBP |
1p ordinary | CFD | reducing a long position | 559 | 55.1511 GBP |
1p ordinary | CFD | reducing a long position | 62 | 55.1623 GBP |
1p ordinary | CFD | reducing a long position | 420 | 55.1848 GBP |
1p ordinary | CFD | reducing a short position | 130 | 55.0099 GBP |
1p ordinary | CFD | reducing a short position | 873 | 55.0361 GBP |
1p ordinary | CFD | reducing a short position | 1,318 | 55.0549 GBP |
1p ordinary | CFD | reducing a short position | 3 | 55.0833 GBP |
1p ordinary | CFD | reducing a short position | 639 | 55.0873 GBP |
1p ordinary | CFD | reducing a short position | 1,478 | 55.1000 GBP |
1p ordinary | CFD | reducing a short position | 889 | 55.1184 GBP |
1p ordinary | CFD | reducing a short position | 204 | 55.1233 GBP |
1p ordinary | CFD | reducing a short position | 75 | 55.1251 GBP |
1p ordinary | CFD | reducing a short position | 189 | 55.1251 GBP |
1p ordinary | CFD | reducing a short position | 313 | 55.1251 GBP |
1p ordinary | CFD | reducing a short position | 14,746 | 55.1261 GBP |
1p ordinary | CFD | reducing a short position | 1,582 | 55.1265 GBP |
1p ordinary | CFD | reducing a short position | 4,040 | 55.1320 GBP |
1p ordinary | CFD | reducing a short position | 373 | 55.1369 GBP |
1p ordinary | CFD | reducing a short position | 1,103 | 55.1390 GBP |
1p ordinary | CFD | reducing a short position | 610 | 55.1390 GBP |
1p ordinary | CFD | reducing a short position | 11 | 55.1418 GBP |
1p ordinary | CFD | reducing a short position | 486 | 55.1500 GBP |
1p ordinary | CFD | reducing a short position | 114 | 55.1500 GBP |
1p ordinary | CFD | reducing a short position | 517 | 55.1500 GBP |
1p ordinary | CFD | reducing a short position | 225 | 55.1500 GBP |
1p ordinary | CFD | reducing a short position | 9 | 55.1511 GBP |
1p ordinary | CFD | reducing a short position | 65 | 55.1521 GBP |
1p ordinary | CFD | reducing a short position | 4,950 | 55.1538 GBP |
1p ordinary | CFD | reducing a short position | 1,368 | 55.1794 GBP |
1p ordinary | CFD | reducing a short position | 16 | 55.1830 GBP |
1p ordinary | CFD | reducing a short position | 209 | 55.1830 GBP |
1p ordinary | CFD | reducing a short position | 4 | 55.1830 GBP |
1p ordinary | CFD | reducing a short position | 174 | 55.1830 GBP |
1p ordinary | CFD | reducing a short position | 5 | 55.1830 GBP |
1p ordinary | CFD | reducing a short position | 7 | 55.1830 GBP |
1p ordinary | CFD | reducing a short position | 8 | 55.1830 GBP |
1p ordinary | CFD | reducing a short position | 48 | 55.1830 GBP |
1p ordinary | CFD | reducing a short position | 2,070 | 55.1906 GBP |
1p ordinary | CFD | reducing a short position | 11,129 | 55.1958 GBP |
1p ordinary | CFD | reducing a short position | 1,440 | 55.3083 GBP |
1p ordinary | CFD | reducing a short position | 33 | 55.3209 GBP |
1p ordinary | CFD | reducing a short position | 248 | 55.3322 GBP |
1p ordinary | CFD | reducing a short position | 206 | 55.3718 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 |
N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
N/A | N/A | N/A | N/A | N/A |
(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) |
N/A | N/A | N/A | N/A |
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: | 28 May 2026 |
| Contact name: | Claire Gordon |
| Telephone number: | +44 141 245-8893 |
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:
Intertek Group