4th Jul 2025 14:42
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: | 02 July 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 | SALES | 1,781,681 | 40.3697 GBP | 39.7121 GBP |
5p ordinary | PURCHASES | 1,155,165 | 40.5405 GBP | 39.7000 GBP |
5p ordinary | SALES | 512 | 54.0861 USD | 54.0861 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 |
5p ordinary | CFD | increasing a long position | 4,834 | 39.7121 GBP |
5p ordinary | CFD | increasing a long position | 4,879 | 39.7121 GBP |
5p ordinary | CFD | increasing a long position | 946 | 39.7121 GBP |
5p ordinary | CFD | increasing a long position | 1,226 | 39.7140 GBP |
5p ordinary | CFD | increasing a long position | 6 | 39.7200 GBP |
5p ordinary | CFD | increasing a long position | 512 | 39.7200 GBP |
5p ordinary | CFD | increasing a long position | 1,331 | 39.7200 GBP |
5p ordinary | CFD | increasing a long position | 5,389 | 39.7214 GBP |
5p ordinary | CFD | increasing a long position | 504 | 39.7715 GBP |
5p ordinary | CFD | increasing a long position | 1,616 | 39.8930 GBP |
5p ordinary | CFD | increasing a long position | 442 | 39.9128 GBP |
5p ordinary | CFD | increasing a long position | 447 | 39.9128 GBP |
5p ordinary | CFD | increasing a long position | 86 | 39.9128 GBP |
5p ordinary | CFD | increasing a long position | 677 | 40.0400 GBP |
5p ordinary | CFD | increasing a short position | 17,449 | 39.7200 GBP |
5p ordinary | CFD | increasing a short position | 46 | 39.7200 GBP |
5p ordinary | CFD | increasing a short position | 418 | 39.7200 GBP |
5p ordinary | CFD | increasing a short position | 2,000 | 39.7200 GBP |
5p ordinary | CFD | increasing a short position | 10,000 | 39.7594 GBP |
5p ordinary | CFD | increasing a short position | 5,000 | 39.7700 GBP |
5p ordinary | CFD | increasing a short position | 1,162 | 39.7796 GBP |
5p ordinary | CFD | increasing a short position | 856 | 39.7796 GBP |
5p ordinary | CFD | increasing a short position | 1,616 | 39.7796 GBP |
5p ordinary | CFD | increasing a short position | 3,147 | 39.7796 GBP |
5p ordinary | CFD | increasing a short position | 102 | 39.7796 GBP |
5p ordinary | CFD | increasing a short position | 366 | 39.7796 GBP |
5p ordinary | CFD | increasing a short position | 3,393 | 39.7930 GBP |
5p ordinary | CFD | increasing a short position | 6,426 | 39.8498 GBP |
5p ordinary | CFD | increasing a short position | 5,208 | 39.8498 GBP |
5p ordinary | CFD | increasing a short position | 1,468 | 39.8498 GBP |
5p ordinary | CFD | increasing a short position | 4,170 | 39.8515 GBP |
5p ordinary | CFD | increasing a short position | 6,227 | 39.8600 GBP |
5p ordinary | CFD | increasing a short position | 10,772 | 39.8600 GBP |
5p ordinary | CFD | increasing a short position | 100,000 | 39.8622 GBP |
5p ordinary | CFD | increasing a short position | 21,544 | 39.8795 GBP |
5p ordinary | CFD | increasing a short position | 13,923 | 39.9070 GBP |
5p ordinary | CFD | increasing a short position | 3,180 | 39.9070 GBP |
5p ordinary | CFD | increasing a short position | 11,283 | 39.9070 GBP |
5p ordinary | CFD | increasing a short position | 16,158 | 39.9078 GBP |
5p ordinary | CFD | increasing a short position | 10,772 | 39.9099 GBP |
5p ordinary | CFD | increasing a short position | 6,627 | 39.9138 GBP |
5p ordinary | CFD | increasing a short position | 6,360 | 39.9141 GBP |
5p ordinary | CFD | increasing a short position | 27,846 | 39.9141 GBP |
5p ordinary | CFD | increasing a short position | 22,566 | 39.9141 GBP |
5p ordinary | CFD | increasing a short position | 3,925 | 39.9200 GBP |
5p ordinary | CFD | increasing a short position | 446 | 39.9200 GBP |
5p ordinary | CFD | increasing a short position | 1,273 | 39.9200 GBP |
5p ordinary | CFD | increasing a short position | 2,253 | 39.9200 GBP |
5p ordinary | CFD | increasing a short position | 309 | 39.9202 GBP |
5p ordinary | CFD | increasing a short position | 20,000 | 39.9385 GBP |
5p ordinary | CFD | increasing a short position | 17,276 | 39.9404 GBP |
5p ordinary | CFD | increasing a short position | 100,400 | 39.9598 GBP |
5p ordinary | CFD | increasing a short position | 50,000 | 40.0121 GBP |
5p ordinary | CFD | increasing a short position | 3,280 | 40.0175 GBP |
5p ordinary | CFD | increasing a short position | 2,559 | 40.0175 GBP |
5p ordinary | CFD | increasing a short position | 4,116 | 40.0175 GBP |
5p ordinary | CFD | increasing a short position | 17,666 | 40.0175 GBP |
5p ordinary | CFD | increasing a short position | 12,379 | 40.0175 GBP |
5p ordinary | CFD | increasing a short position | 45,550 | 40.0320 GBP |
5p ordinary | CFD | increasing a short position | 187 | 40.0479 GBP |
5p ordinary | CFD | increasing a short position | 325 | 40.0479 GBP |
5p ordinary | CFD | increasing a short position | 4,900 | 40.0500 GBP |
5p ordinary | CFD | increasing a short position | 2,096 | 40.0500 GBP |
5p ordinary | CFD | increasing a short position | 9,255 | 40.0500 GBP |
5p ordinary | CFD | increasing a short position | 149,519 | 40.0668 GBP |
5p ordinary | CFD | increasing a short position | 24,025 | 40.0668 GBP |
5p ordinary | CFD | increasing a short position | 41,456 | 40.0668 GBP |
5p ordinary | CFD | increasing a short position | 60 | 40.1070 GBP |
5p ordinary | CFD | increasing a short position | 10,260 | 40.1070 GBP |
5p ordinary | CFD | increasing a short position | 698 | 40.1070 GBP |
5p ordinary | CFD | increasing a short position | 2,268 | 40.1070 GBP |
5p ordinary | CFD | increasing a short position | 5,434 | 40.1070 GBP |
5p ordinary | CFD | increasing a short position | 10,404 | 40.1401 GBP |
5p ordinary | CFD | increasing a short position | 41,523 | 40.1401 GBP |
5p ordinary | CFD | increasing a short position | 23,144 | 40.1401 GBP |
5p ordinary | CFD | increasing a short position | 45,926 | 40.1401 GBP |
5p ordinary | CFD | increasing a short position | 24,318 | 40.1401 GBP |
5p ordinary | CFD | increasing a short position | 2,012 | 40.1401 GBP |
5p ordinary | CFD | increasing a short position | 1,645 | 40.1443 GBP |
5p ordinary | CFD | increasing a short position | 926 | 40.1983 GBP |
5p ordinary | CFD | increasing a short position | 8,833 | 40.2602 GBP |
5p ordinary | CFD | increasing a short position | 6,190 | 40.2602 GBP |
5p ordinary | CFD | increasing a short position | 2,058 | 40.2602 GBP |
5p ordinary | CFD | increasing a short position | 1,279 | 40.2602 GBP |
5p ordinary | CFD | increasing a short position | 1,640 | 40.2602 GBP |
5p ordinary | CFD | increasing a short position | 5,000 | 40.3000 GBP |
5p ordinary | CFD | increasing a short position | 1,279 | 40.5405 GBP |
5p ordinary | CFD | increasing a short position | 6,190 | 40.5405 GBP |
5p ordinary | CFD | increasing a short position | 8,833 | 40.5405 GBP |
5p ordinary | CFD | increasing a short position | 2,058 | 40.5405 GBP |
5p ordinary | CFD | increasing a short position | 1,640 | 40.5405 GBP |
5p ordinary | CFD | reducing a long position | 3,891 | 39.8071 GBP |
5p ordinary | CFD | reducing a long position | 169 | 39.8516 GBP |
5p ordinary | CFD | reducing a long position | 20 | 39.8516 GBP |
5p ordinary | CFD | reducing a long position | 67 | 39.8516 GBP |
5p ordinary | CFD | reducing a long position | 387 | 39.8516 GBP |
5p ordinary | CFD | reducing a long position | 1 | 39.8700 GBP |
5p ordinary | CFD | reducing a long position | 7,026 | 39.8858 GBP |
5p ordinary | CFD | reducing a long position | 61 | 39.9138 GBP |
5p ordinary | CFD | reducing a long position | 1,181 | 39.9202 GBP |
5p ordinary | CFD | reducing a long position | 96 | 39.9600 GBP |
5p ordinary | CFD | reducing a long position | 54 | 40.0200 GBP |
5p ordinary | CFD | reducing a short position | 70 | 39.7200 GBP |
5p ordinary | CFD | reducing a short position | 22 | 39.7218 GBP |
5p ordinary | CFD | reducing a short position | 4,807 | 39.8600 GBP |
5p ordinary | CFD | reducing a short position | 153 | 39.8650 GBP |
5p ordinary | CFD | reducing a short position | 48,015 | 39.8761 GBP |
5p ordinary | CFD | reducing a short position | 19,726 | 39.8800 GBP |
5p ordinary | CFD | reducing a short position | 127,912 | 39.8800 GBP |
5p ordinary | CFD | reducing a short position | 22,871 | 39.8852 GBP |
5p ordinary | CFD | reducing a short position | 6,374 | 39.8863 GBP |
5p ordinary | CFD | reducing a short position | 7 | 39.9000 GBP |
5p ordinary | CFD | reducing a short position | 485 | 39.9050 GBP |
5p ordinary | CFD | reducing a short position | 309 | 39.9134 GBP |
5p ordinary | CFD | reducing a short position | 162 | 39.9822 GBP |
5p ordinary | CFD | reducing a short position | 248 | 39.9848 GBP |
5p ordinary | CFD | reducing a short position | 822 | 39.9937 GBP |
5p ordinary | CFD | reducing a short position | 130 | 39.9954 GBP |
5p ordinary | CFD | reducing a short position | 494 | 40.0021 GBP |
5p ordinary | CFD | reducing a short position | 2,720 | 40.0200 GBP |
5p ordinary | CFD | reducing a short position | 17,635 | 40.0200 GBP |
5p ordinary | CFD | reducing a short position | 250 | 40.0200 GBP |
5p ordinary | CFD | reducing a short position | 111,130 | 40.0400 GBP |
5p ordinary | CFD | reducing a short position | 720,587 | 40.0400 GBP |
5p ordinary | CFD | reducing a short position | 346 | 40.0441 GBP |
5p ordinary | CFD | reducing a short position | 1,444 | 40.0525 GBP |
5p ordinary | CFD | reducing a short position | 57,551 | 40.1171 GBP |
5p ordinary | CFD | reducing a short position | 373,176 | 40.1171 GBP |
5p ordinary | CFD | reducing a short position | 5,274 | 40.1851 GBP |
5p ordinary | CFD | reducing a short position | 17,919 | 40.2446 GBP |
5p ordinary | CFD | reducing a short position | 11,291 | 40.2898 GBP |
5p ordinary | CFD | reducing a short position | 1,741 | 40.2898 GBP |
5p ordinary | CFD | reducing a short position | 27,000 | 40.3697 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: | 04 July 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.
Related Shares:
Spectris