7th Aug 2025 16:52
AMENDMENT
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 | Spectris plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Financial advisor to Kohlberg Kravis Roberts & Co. L.P |
(d) Date dealing undertaken: | 5 August 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 | Purchase
Sale | 972,994
618,456 | 41.6200 GBP
41.5600 GBP | 41.0800 GBP
41.0938 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 | Equity Swap | Decrease Long
Decrease Short
Increase Long
Increase Short | 4,932 500 3,341
9 1,953 2,934 1,699 868 36 29 1,461 21 19,611 55 15,000 271 10,000
1,040 3 104 2,797 2,059 709 1,500 554
16,924 5,000 6,748 20,000 25,000 81,000 50,000 3,414 12,596 12,973 96 625 21 80,000 4,358 728 112 8,215 26,511 13,597 380 2,328 | 41.1038 GBP 41.1338 GBP 41.2323 GBP
41.0959 GBP 41.0994 GBP 41.1181 GBP 41.2281 GBP 41.2712 GBP 41.3200 GBP 41.3662 GBP 41.4034 GBP 41.4486 GBP 41.4969 GBP 41.4988 GBP 41.4992 GBP 41.5074 GBP 41.5969 GBP
41.0938 GBP 41.0967 GBP 41.0982 GBP 41.1288 GBP 41.3186 GBP 41.3717 GBP 41.5180 GBP 41.5317 GBP
41.0810 GBP 41.0850 GBP 41.1000 GBP 41.1031 GBP 41.1063 GBP 41.1377 GBP 41.1406 GBP 41.1549 GBP 41.1606 GBP 41.1679 GBP 41.2250 GBP 41.2288 GBP 41.2317 GBP 41.2579 GBP 41.2677 GBP 41.2681 GBP 41.3504 GBP 41.3507 GBP 41.3849 GBP 41.5183 GBP 41.5202 GBP 41.5327 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 |
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(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) |
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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
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(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
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| Date of disclosure: | 7 August 2025 |
| 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:
Spectris