17th Jun 2025 15:14
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 Limited |
(d) Date dealing undertaken: | 13 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 | 93,571 | 31.9347 GBP | 31.5800 GBP |
5p ordinary | SALES | 263,334 | 32.1800 GBP | 31.5600 GBP |
5p ordinary | SALES | 1,002 | 42.9460 USD | 42.9460 USD |
5p ordinary | PURCHASES | 12,317 | 43.0712 USD | 43.0712 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 | 3,425 | 31.5774 GBP |
5p ordinary | CFD | increasing a long position | 9,034 | 31.5774 GBP |
5p ordinary | CFD | increasing a long position | 87 | 31.5774 GBP |
5p ordinary | CFD | increasing a long position | 34 | 31.5776 GBP |
5p ordinary | CFD | increasing a long position | 3,616 | 31.5778 GBP |
5p ordinary | CFD | increasing a long position | 186 | 31.5778 GBP |
5p ordinary | CFD | increasing a long position | 1,002 | 31.5800 GBP |
5p ordinary | CFD | increasing a long position | 6,233 | 31.5847 GBP |
5p ordinary | CFD | increasing a long position | 240 | 31.5849 GBP |
5p ordinary | CFD | increasing a long position | 80 | 31.5850 GBP |
5p ordinary | CFD | increasing a long position | 1,810 | 31.5850 GBP |
5p ordinary | CFD | increasing a long position | 3,806 | 31.6124 GBP |
5p ordinary | CFD | increasing a long position | 194 | 31.6124 GBP |
5p ordinary | CFD | increasing a long position | 9 | 31.6181 GBP |
5p ordinary | CFD | increasing a long position | 856 | 31.6181 GBP |
5p ordinary | CFD | increasing a long position | 2,258 | 31.6181 GBP |
5p ordinary | CFD | increasing a long position | 22 | 31.6181 GBP |
5p ordinary | CFD | increasing a long position | 9 | 31.6233 GBP |
5p ordinary | CFD | increasing a long position | 22 | 31.6236 GBP |
5p ordinary | CFD | increasing a long position | 2,257 | 31.6237 GBP |
5p ordinary | CFD | increasing a long position | 856 | 31.6237 GBP |
5p ordinary | CFD | increasing a long position | 5,252 | 31.6598 GBP |
5p ordinary | CFD | increasing a long position | 1,240 | 31.6623 GBP |
5p ordinary | CFD | increasing a long position | 1,109 | 31.6639 GBP |
5p ordinary | CFD | increasing a long position | 10,787 | 31.6639 GBP |
5p ordinary | CFD | increasing a long position | 297 | 31.6691 GBP |
5p ordinary | CFD | increasing a long position | 775 | 31.6719 GBP |
5p ordinary | CFD | increasing a long position | 846 | 31.6832 GBP |
5p ordinary | CFD | increasing a long position | 190 | 31.7281 GBP |
5p ordinary | CFD | increasing a long position | 14 | 31.7736 GBP |
5p ordinary | CFD | increasing a long position | 572 | 31.7736 GBP |
5p ordinary | CFD | increasing a long position | 1,507 | 31.7736 GBP |
5p ordinary | CFD | increasing a long position | 5 | 31.7740 GBP |
5p ordinary | CFD | increasing a long position | 323 | 32.1800 GBP |
5p ordinary | CFD | increasing a short position | 591 | 31.5800 GBP |
5p ordinary | CFD | increasing a short position | 2 | 31.5800 GBP |
5p ordinary | CFD | increasing a short position | 139 | 31.5800 GBP |
5p ordinary | CFD | increasing a short position | 6,204 | 31.5800 GBP |
5p ordinary | CFD | increasing a short position | 43 | 31.5800 GBP |
5p ordinary | CFD | increasing a short position | 760 | 31.5987 GBP |
5p ordinary | CFD | increasing a short position | 40 | 31.5987 GBP |
5p ordinary | CFD | increasing a short position | 2,220 | 31.6049 GBP |
5p ordinary | CFD | increasing a short position | 858 | 31.6049 GBP |
5p ordinary | CFD | increasing a short position | 6,921 | 31.6049 GBP |
5p ordinary | CFD | increasing a short position | 4,826 | 31.6049 GBP |
5p ordinary | CFD | increasing a short position | 3,727 | 31.6049 GBP |
5p ordinary | CFD | increasing a short position | 354 | 31.6049 GBP |
5p ordinary | CFD | increasing a short position | 105 | 31.6129 GBP |
5p ordinary | CFD | increasing a short position | 1,599 | 31.6188 GBP |
5p ordinary | CFD | increasing a short position | 5,963 | 31.6188 GBP |
5p ordinary | CFD | increasing a short position | 3,655 | 31.6188 GBP |
5p ordinary | CFD | increasing a short position | 2,080 | 31.6188 GBP |
5p ordinary | CFD | increasing a short position | 376 | 31.6188 GBP |
5p ordinary | CFD | increasing a short position | 327 | 31.6188 GBP |
5p ordinary | CFD | increasing a short position | 5,000 | 31.6361 GBP |
5p ordinary | CFD | increasing a short position | 5 | 31.6840 GBP |
5p ordinary | CFD | increasing a short position | 2,000 | 31.7000 GBP |
5p ordinary | CFD | increasing a short position | 2,971 | 31.7135 GBP |
5p ordinary | CFD | increasing a short position | 199 | 31.7141 GBP |
5p ordinary | CFD | increasing a short position | 80 | 31.7570 GBP |
5p ordinary | CFD | increasing a short position | 4,989 | 31.7646 GBP |
5p ordinary | CFD | increasing a short position | 78 | 31.7651 GBP |
5p ordinary | CFD | increasing a short position | 5,000 | 31.7999 GBP |
5p ordinary | CFD | increasing a short position | 157 | 31.8448 GBP |
5p ordinary | CFD | increasing a short position | 236 | 31.9606 GBP |
5p ordinary | CFD | reducing a long position | 77 | 31.5784 GBP |
5p ordinary | CFD | reducing a long position | 26 | 31.5800 GBP |
5p ordinary | CFD | reducing a long position | 255 | 31.5800 GBP |
5p ordinary | CFD | reducing a long position | 317 | 31.5800 GBP |
5p ordinary | CFD | reducing a long position | 5 | 31.5802 GBP |
5p ordinary | CFD | reducing a long position | 2,061 | 31.5956 GBP |
5p ordinary | CFD | reducing a long position | 297 | 31.7135 GBP |
5p ordinary | CFD | reducing a short position | 2,801 | 31.5794 GBP |
5p ordinary | CFD | reducing a short position | 5 | 31.5800 GBP |
5p ordinary | CFD | reducing a short position | 1 | 31.5800 GBP |
5p ordinary | CFD | reducing a short position | 7,020 | 31.6164 GBP |
5p ordinary | CFD | reducing a short position | 35 | 31.6400 GBP |
5p ordinary | CFD | reducing a short position | 3,220 | 31.6739 GBP |
5p ordinary | CFD | reducing a short position | 22,005 | 31.6854 GBP |
5p ordinary | CFD | reducing a short position | 170 | 31.6996 GBP |
5p ordinary | CFD | reducing a short position | 5,204 | 31.7281 GBP |
5p ordinary | CFD | reducing a short position | 49 | 31.7420 GBP |
5p ordinary | CFD | reducing a short position | 2,217 | 31.7793 GBP |
5p ordinary | CFD | reducing a short position | 587 | 31.7800 GBP |
5p ordinary | CFD | reducing a short position | 215 | 31.7807 GBP |
5p ordinary | CFD | reducing a short position | 124 | 31.8311 GBP |
5p ordinary | CFD | reducing a short position | 1,684 | 32.1800 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: | 17 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.
Related Shares:
Spectris