30th Jun 2025 13:44
AMENDMENT(2(a), 2(b))
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 | Spectris plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Advent International, L.P. |
(d) Date dealing undertaken: | 26 June 2025 |
(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 |
5p ordinary | PURCHASES | 706,633 | 38.7600 GBP | 38.1541 GBP |
5p ordinary | SALES | 184,015 | 38.7608 GBP | 38.1400 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 |
5p ordinary | CFD | increasing a long position | 192 | 38.5800 GBP |
5p ordinary | CFD | increasing a long position | 321 | 38.6279 GBP |
5p ordinary | CFD | increasing a long position | 374 | 38.6279 GBP |
5p ordinary | CFD | increasing a long position | 1,362 | 38.6741 GBP |
5p ordinary | CFD | increasing a long position | 178 | 38.7026 GBP |
5p ordinary | CFD | increasing a long position | 305 | 38.7402 GBP |
5p ordinary | CFD | increasing a long position | 114 | 38.7518 GBP |
5p ordinary | CFD | increasing a long position | 98 | 38.7518 GBP |
5p ordinary | CFD | increasing a long position | 8 | 38.7600 GBP |
5p ordinary | CFD | increasing a short position | 30,000 | 38.2468 GBP |
5p ordinary | CFD | increasing a short position | 2,683 | 38.3091 GBP |
5p ordinary | CFD | increasing a short position | 18,520 | 38.3091 GBP |
5p ordinary | CFD | increasing a short position | 4,314 | 38.3091 GBP |
5p ordinary | CFD | increasing a short position | 3,439 | 38.3091 GBP |
5p ordinary | CFD | increasing a short position | 12,978 | 38.3091 GBP |
5p ordinary | CFD | increasing a short position | 35,000 | 38.4269 GBP |
5p ordinary | CFD | increasing a short position | 2,058 | 38.4985 GBP |
5p ordinary | CFD | increasing a short position | 1,279 | 38.4985 GBP |
5p ordinary | CFD | increasing a short position | 6,190 | 38.4985 GBP |
5p ordinary | CFD | increasing a short position | 8,833 | 38.4985 GBP |
5p ordinary | CFD | increasing a short position | 1,640 | 38.4985 GBP |
5p ordinary | CFD | increasing a short position | 2,959 | 38.5283 GBP |
5p ordinary | CFD | increasing a short position | 540 | 38.5837 GBP |
5p ordinary | CFD | increasing a short position | 75,000 | 38.6070 GBP |
5p ordinary | CFD | increasing a short position | 14,067 | 38.6074 GBP |
5p ordinary | CFD | increasing a short position | 1,425 | 38.6074 GBP |
5p ordinary | CFD | increasing a short position | 1,131 | 38.6074 GBP |
5p ordinary | CFD | increasing a short position | 7,928 | 38.6282 GBP |
5p ordinary | CFD | increasing a short position | 36,657 | 38.6282 GBP |
5p ordinary | CFD | increasing a short position | 2,325 | 38.6282 GBP |
5p ordinary | CFD | increasing a short position | 53,458 | 38.6282 GBP |
5p ordinary | CFD | increasing a short position | 4,054 | 38.6288 GBP |
5p ordinary | CFD | increasing a short position | 257 | 38.6288 GBP |
5p ordinary | CFD | increasing a short position | 5,912 | 38.6288 GBP |
5p ordinary | CFD | increasing a short position | 877 | 38.6288 GBP |
5p ordinary | CFD | increasing a short position | 30,000 | 38.6376 GBP |
5p ordinary | CFD | increasing a short position | 53,262 | 38.6379 GBP |
5p ordinary | CFD | increasing a short position | 2,316 | 38.6379 GBP |
5p ordinary | CFD | increasing a short position | 36,523 | 38.6379 GBP |
5p ordinary | CFD | increasing a short position | 7,899 | 38.6379 GBP |
5p ordinary | CFD | increasing a short position | 213 | 38.6485 GBP |
5p ordinary | CFD | increasing a short position | 500 | 38.6600 GBP |
5p ordinary | CFD | increasing a short position | 31,769 | 38.6828 GBP |
5p ordinary | CFD | increasing a short position | 1,199 | 38.6858 GBP |
5p ordinary | CFD | increasing a short position | 1,361 | 38.6984 GBP |
5p ordinary | CFD | increasing a short position | 50,938 | 38.7109 GBP |
5p ordinary | CFD | increasing a short position | 32,139 | 38.7232 GBP |
5p ordinary | CFD | increasing a short position | 83 | 38.7255 GBP |
5p ordinary | CFD | increasing a short position | 1 | 38.7500 GBP |
5p ordinary | CFD | increasing a short position | 11,486 | 38.7600 GBP |
5p ordinary | CFD | increasing a short position | 27 | 38.7600 GBP |
5p ordinary | CFD | increasing a short position | 186 | 38.7600 GBP |
5p ordinary | CFD | reducing a long position | 90 | 38.1647 GBP |
5p ordinary | CFD | reducing a long position | 298 | 38.5283 GBP |
5p ordinary | CFD | reducing a long position | 71 | 38.5676 GBP |
5p ordinary | CFD | reducing a long position | 48 | 38.6193 GBP |
5p ordinary | CFD | reducing a long position | 82 | 38.6194 GBP |
5p ordinary | CFD | reducing a long position | 564 | 38.6194 GBP |
5p ordinary | CFD | reducing a long position | 195 | 38.6194 GBP |
5p ordinary | CFD | reducing a long position | 307 | 38.6194 GBP |
5p ordinary | CFD | reducing a long position | 782 | 38.6195 GBP |
5p ordinary | CFD | reducing a long position | 36 | 38.6195 GBP |
5p ordinary | CFD | reducing a long position | 95 | 38.6195 GBP |
5p ordinary | CFD | reducing a long position | 58 | 38.6195 GBP |
5p ordinary | CFD | reducing a long position | 55 | 38.6195 GBP |
5p ordinary | CFD | reducing a long position | 2,094 | 38.6273 GBP |
5p ordinary | CFD | reducing a long position | 1,482 | 38.6333 GBP |
5p ordinary | CFD | reducing a long position | 40 | 38.6630 GBP |
5p ordinary | CFD | reducing a long position | 874 | 38.6986 GBP |
5p ordinary | CFD | reducing a long position | 117 | 38.6986 GBP |
5p ordinary | CFD | reducing a long position | 819 | 38.7136 GBP |
5p ordinary | CFD | reducing a long position | 717 | 38.7463 GBP |
5p ordinary | CFD | reducing a long position | 1,135 | 38.7584 GBP |
5p ordinary | CFD | reducing a long position | 2,049 | 38.7584 GBP |
5p ordinary | CFD | reducing a long position | 23 | 38.7600 GBP |
5p ordinary | CFD | reducing a long position | 188 | 38.7600 GBP |
5p ordinary | CFD | reducing a long position | 209 | 38.7600 GBP |
5p ordinary | CFD | reducing a long position | 3 | 38.7600 GBP |
5p ordinary | CFD | reducing a short position | 566 | 38.1764 GBP |
5p ordinary | CFD | reducing a short position | 2,836 | 38.5628 GBP |
5p ordinary | CFD | reducing a short position | 18,100 | 38.5715 GBP |
5p ordinary | CFD | reducing a short position | 596 | 38.5761 GBP |
5p ordinary | CFD | reducing a short position | 24,732 | 38.5992 GBP |
5p ordinary | CFD | reducing a short position | 5,000 | 38.6181 GBP |
5p ordinary | CFD | reducing a short position | 231 | 38.6332 GBP |
5p ordinary | CFD | reducing a short position | 312 | 38.6481 GBP |
5p ordinary | CFD | reducing a short position | 118 | 38.6594 GBP |
5p ordinary | CFD | reducing a short position | 102 | 38.6659 GBP |
5p ordinary | CFD | reducing a short position | 4 | 38.6800 GBP |
5p ordinary | CFD | reducing a short position | 1,114 | 38.7259 GBP |
5p ordinary | CFD | reducing a short position | 28,717 | 38.7450 GBP |
5p ordinary | CFD | reducing a short position | 364 | 38.7600 GBP |
5p ordinary | CFD | reducing a short position | 11,486 | 38.7600 GBP |
5p ordinary | CFD | reducing a short position | 77 | 38.7600 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: | 30 June 2025 |
| Contact name: | Craig Horsley |
| Telephone number: | +44 141 245-7736 |
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.