18th Jun 2025 11:19
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: | 17 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 | 380,529
363,363 | 33.4800 GBP
33.4800 GBP | 33.1000 GBP
33.0977 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
| 8,456 1,671 676 28 1,403 38
1,663 72 627 22,231 204 5 1,303 70 599 208 1,662 147 2 742 5 67 83 5 28 1 48
452 448 62 27,060 153 16,023 2,253 1,577 67 809 139 4,050 100 18,275 156 1,000
964 1,974 14 3,250 25 9,289 10,000 816 2,000 2 513 363 91 101 447 10,844 204 | 33.1000 GBP 33.1196 GBP 33.2171 GBP 33.2602 GBP 33.2953 GBP 33.3208 GBP
33.0967 GBP 33.1567 GBP 33.1811 GBP 33.1903 GBP 33.2360 GBP 33.2570 GBP 33.2659 GBP 33.2717 GBP 33.2808 GBP 33.2880 GBP 33.2911 GBP 33.2954 GBP 33.2967 GBP 33.2989 GBP 33.3170 GBP 33.3245 GBP 33.3298 GBP 33.3370 GBP 33.4095 GBP 33.4170 GBP 33.4249 GBP
33.0967 GBP 33.0977 GBP 33.0988 GBP 33.0997 GBP 33.1000 GBP 33.1122 GBP 33.1321 GBP 33.1439 GBP 33.2190 GBP 33.2263 GBP 33.2533 GBP 33.2877 GBP 33.2977 GBP 33.2984 GBP 33.3000 GBP 33.3059 GBP
33.1005 GBP 33.1319 GBP 33.1605 GBP 33.1617 GBP 33.1825 GBP 33.2132 GBP 33.2162 GBP 33.2174 GBP 33.2314 GBP 33.2433 GBP 33.2550 GBP 33.2555 GBP 33.2889 GBP 33.2959 GBP 33.3002 GBP 33.3775 GBP 33.3898 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: | 18 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