26th Jun 2025 11:34
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: | 25 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 | Purchase
Sale | 542,377
287,277 | 38.3688 GBP
38.3656 GBP | 38.1400 GBP
37.5500 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
Opening a Long Position
Opening a Short Position
| 483 2,472 1,510 168 21,133 1,761 29 68 932
40 349 191 94 3 18 188 21
1,715 16 719 4,004 2,429 300 4,844 3,935 485
525 3,375 101 9,603 1,256 263 121 4,723 444 11,138 16,743 3,373 58,000 385 2,209 438 41,862
1,169 1,122 66
334 10,060 100,000 9,547 914 | 38.1600 GBP 38.1604 GBP 38.1731 GBP 38.2002 GBP 38.2009 GBP 38.2211 GBP 38.2399 GBP 38.2404 GBP 38.2439 GBP
38.1394 GBP 38.1594 GBP 38.1600 GBP 38.1748 GBP 38.1933 GBP 38.1962 GBP 38.1998 GBP 38.2424 GBP
38.1562 GBP 38.1583 GBP 38.1622 GBP 38.1901 GBP 38.1902 GBP 38.1977 GBP 38.2018 GBP 38.2660 GBP 38.3129 GBP
38.1448 GBP 38.1606 GBP 38.1638 GBP 38.1749 GBP 38.1992 GBP 38.1997 GBP 38.2122 GBP 38.2197 GBP 38.2246 GBP 38.2395 GBP 38.2549 GBP 38.2694 GBP 38.2817 GBP 38.2977 GBP 38.3016 GBP 38.3687 GBP 38.3688 GBP
38.1707 GBP 38.2398 GBP 38.2589 GBP
38.1554 GBP 38.1600 GBP 38.1791 GBP 38.2023 GBP 38.2220 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 |
|
|
|
|
|
(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) |
|
|
|
|
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: | 26 June 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