22nd Sep 2025 11:28
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 | Spire Healthcare Group plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Corporate Broker to Spire Healthcare Group PLC |
(d) Date dealing undertaken: | 19 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 |
1p ordinary | Purchase | 1,151,723 | 2.5425 GBP | 2.2650 GBP |
| Sale | 981,189 | 2.5375 GBP | 2.2600 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 |
1p ordinary | Equity Swap | Decrease Long | 4,256 | 2.2949 GBP |
1,494 | 2.4702 GBP | |||
33,273 | 2.4726 GBP | |||
108,219 | 2.4832 GBP | |||
3 | 2.4900 GBP | |||
14,880 | 2.5023 GBP | |||
Decrease Short | 6,312 | 2.3750 GBP | ||
5,392 | 2.4458 GBP | |||
1,994 | 2.4545 GBP | |||
4,080 | 2.4613 GBP | |||
4,615 | 2.4622 GBP | |||
1,904 | 2.4638 GBP | |||
6,528 | 2.4685 GBP | |||
1,015 | 2.4718 GBP | |||
3,065 | 2.4735 GBP | |||
3,072 | 2.4804 GBP | |||
10,348 | 2.4889 GBP | |||
4,080 | 2.4998 GBP | |||
8,160 | 2.5172 GBP | |||
Increase Long | 39,800 | 2.4651 GBP | ||
11,528 | 2.4698 GBP | |||
68 | 2.4700 GBP | |||
4,693 | 2.4781 GBP | |||
3,436 | 2.5287 GBP | |||
Increase Short | 72 | 2.3850 GBP | ||
832 | 2.4402 GBP | |||
573 | 2.4802 GBP | |||
5,258 | 2.4998 GBP | |||
5,207 | 2.5104 GBP | |||
Opening a long position | 25 | 2.4000 GBP | ||
5,228 | 2.4812 GBP | |||
1,162 | 2.4969 GBP | |||
3,158 | 2.5198 GBP | |||
Opening a short position | 363 | 2.2951 GBP | ||
1,061 | 2.4459 GBP | |||
1,845 | 2.4540 GBP | |||
62 | 2.4700 GBP | |||
1,014 | 2.4701 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: | 22 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:
Spire Healthcare