3rd Mar 2022 10:56
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 Oxford Instruments PLC |
(d) Date dealing undertaken: | 2 March 2022 |
(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" | Yes, Oxford Instruments plc |
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 | 224,301
162,223 | 27.8200 GBP
27.8200 GBP | 26.3303 GBP
26.1800 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 Short Position
| 66,000 993 1,780 993 3,184 507 383 5,589 3,354 14 65 945 38 7,596 7,434 22 984 265 71 360 1,522 328 610
2,428 13,470 694 424 376
565 2,187 106 1,076 1,614 4,349 2,821 46 19,728 5,926 6,151 286 383 621 398 3,670 1,593 3,443 19,950 921 574 4,847 606 600 113 50
4,000 242 5,013 22,390 2,098 3,450 7,924 3,757 107 968 361 367 371 112
8,891 30 714 | 26.4000 GBP 26.4001 GBP 27.0527 GBP 27.1528 GBP 27.2892 GBP 27.3178 GBP 27.3227 GBP 27.3411 GBP 27.3490 GBP 27.3506 GBP 27.3751 GBP 27.4612 GBP 27.4658 GBP 27.5410 GBP 27.5500 GBP 27.5528 GBP 27.5703 GBP 27.5951 GBP 27.5968 GBP 27.6176 GBP 27.6991 GBP 27.7015 GBP 27.7934 GBP
27.3925 GBP 27.4811 GBP 27.5901 GBP 27.6253 GBP 27.6620 GBP
26.3999 GBP 26.9374 GBP 26.9684 GBP 27.0735 GBP 27.4027 GBP 27.4266 GBP 27.4419 GBP 27.4666 GBP 27.4842 GBP 27.4901 GBP 27.5486 GBP 27.5493 GBP 27.5500 GBP 27.5641 GBP 27.5722 GBP 27.5737 GBP 27.5901 GBP 27.5908 GBP 27.5984 GBP 27.6397 GBP 27.6520 GBP 27.6542 GBP 27.6790 GBP 27.6898 GBP 27.7792 GBP 27.8092 GBP
26.9428 GBP 27.0585 GBP 27.2352 GBP 27.2835 GBP 27.3828 GBP 27.3938 GBP 27.4499 GBP 27.4854 GBP 27.5534 GBP 27.5541 GBP 27.5667 GBP 27.5677 GBP 27.5989 GBP 27.7506 GBP
27.5228 GBP 27.5229 GBP 27.5500 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: | 3 March 2022 |
| Contact name: | Alwyn Basch |
| Telephone number: | 020 7742 7407 |
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