12th Sep 2025 17:09
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 KKR & CO INV. |
(d) Date dealing undertaken: | 10 September 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 | 56,325 | 40.9600 GBP | 40.8800 GBP |
Sale | 71,150 | 40.9707 GBP | 40.8742 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 | 2 | 40.8818 GBP |
2,321 | 40.8861 GBP | |||
5,183 | 40.8926 GBP | |||
780 | 40.9002 GBP | |||
45 | 40.9112 GBP | |||
Decrease Short | 91 | 40.8742 GBP | ||
95 | 40.8759 GBP | |||
9 | 40.8766 GBP | |||
935 | 40.8794 GBP | |||
16 | 40.8800 GBP | |||
2,710 | 40.9065 GBP | |||
25 | 40.9088 GBP | |||
5 | 40.9199 GBP | |||
918 | 40.9253 GBP | |||
1,892 | 40.9314 GBP | |||
664 | 40.9388 GBP | |||
56 | 40.9392 GBP | |||
25,000 | 40.9395 GBP | |||
311 | 40.9430 GBP | |||
8,773 | 40.9569 GBP | |||
451 | 40.9578 GBP | |||
10,000 | 40.9769 GBP | |||
Increase Long | 2,501 | 40.8769 GBP | ||
14 | 40.8782 GBP | |||
Increase Short | 10,863 | 40.8800 GBP | ||
155 | 40.8806 GBP | |||
227 | 40.8812 GBP | |||
2,888 | 40.8841 GBP | |||
887 | 40.9083 GBP | |||
24 | 40.9283 GBP | |||
8 | 40.9441 GBP | |||
9 | 40.9445 GBP | |||
36 | 40.9508 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: | 12 September 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