7th Mar 2022 11:05
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: | 4 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 | 452,915
89,550 | 30.3721 GBP
25.4900 GBP | 24.3000 GBP
24.3300 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
| 290 4,100 1,340 36 1,363 50 15 231 59 802 158 1,250 321 2 151,330 193,000
2,000 2,890 2,695 1,082 3,860 7,697 1,680 1,113
18 29 1,261 2,920 714 559 48 355 1,093 1,643 526 3,968 945 27 542 561 650 318
1,000 8 1,894 1,633 586 1,325 2,934 17,675 5,945 4,651
11,728 281 59 65 481 787 1,412 3,728 268 452
39 333 446 85 2,613 755 423 12,140 52 200 1,586 127 462 | 24.3335 GBP 24.4696 GBP 24.5425 GBP 24.5689 GBP 24.5769 GBP 24.5800 GBP 24.5806 GBP 24.5810 GBP 24.5825 GBP 24.5831 GBP 24.6642 GBP 24.6989 GBP 24.7209 GBP 25.0075 GBP 25.1800 GBP 30.3721 GBP
24.4973 GBP 24.5575 GBP 24.5705 GBP 24.5763 GBP 24.5795 GBP 24.5798 GBP 24.7086 GBP 24.8686 GBP
24.4516 GBP 24.4913 GBP 24.5678 GBP 24.5705 GBP 24.5794 GBP 24.5862 GBP 24.5971 GBP 24.5976 GBP 24.6272 GBP 24.6298 GBP 24.6425 GBP 24.6536 GBP 24.7286 GBP 24.7910 GBP 24.9301 GBP 24.9432 GBP 25.0454 GBP 25.0745 GBP
24.3820 GBP 24.4518 GBP 24.5736 GBP 24.5759 GBP 24.6001 GBP 24.6471 GBP 24.6596 GBP 24.6953 GBP 24.7923 GBP 24.9996 GBP
24.5800 GBP 24.5807 GBP 24.5999 GBP 24.6000 GBP 24.6013 GBP 24.6808 GBP 24.7231 GBP 24.7232 GBP 24.7672 GBP 25.1799 GBP
24.3001 GBP 24.4263 GBP 24.4401 GBP 24.4901 GBP 24.5296 GBP 24.5752 GBP 24.5812 GBP 24.5984 GBP 24.6407 GBP 24.6509 GBP 24.6573 GBP 24.6657 GBP 24.6733 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: | 7 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