- 12 August 2025 14:50:03
- Source: Sharecast
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
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(a) Name of exempt principal trader: |
J.P. Morgan Securities Plc |
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(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree |
Spectris plc |
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(c) Name of the party to the offer with which exempt principal trader is connected: |
Financial advisor to Kohlberg Kravis Roberts & Co. L.P |
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(d) Date dealing undertaken: |
11 August 2025 |
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(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 |
1,606,746
1,368,313 |
40.3414 GBP
40.3400 GBP |
40.0400 GBP
40.1200 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
|
225 258 782 21,800 8,031
20 1,431 20 100,000 148 135 40,242 4,191 27,736 21,670 26,427 9 25,000 25,000 710 76 300 175 217
400 800 13,531 592 96
50,000 6,179 328 67,260 12 225,000 5,605 3,019 1,388 163 47 90,000 108,000 2,847 1,607 48 18,301 165 1,013 2,087
3,014 37,000 18,500 3,949 8,268 3,047 2,333 |
40.2423 GBP 40.2719 GBP 40.3171 GBP 40.3423 GBP 40.3461 GBP
40.1200 GBP 40.1253 GBP 40.1560 GBP 40.1799 GBP 40.1998 GBP 40.2166 GBP 40.2180 GBP 40.2219 GBP 40.2299 GBP 40.2422 GBP 40.2570 GBP 40.2871 GBP 40.2970 GBP 40.2971 GBP 40.3143 GBP 40.3310 GBP 40.3319 GBP 40.3388 GBP 40.3400 GBP
40.1172 GBP 40.1572 GBP 40.2919 GBP 40.3340 GBP 40.3382 GBP
40.0400 GBP 40.1240 GBP 40.1450 GBP 40.1534 GBP 40.1590 GBP 40.1640 GBP 40.1665 GBP 40.1732 GBP 40.1749 GBP 40.1755 GBP 40.1783 GBP 40.1801 GBP 40.1901 GBP 40.2128 GBP 40.2221 GBP 40.2412 GBP 40.3400 GBP 40.3406 GBP 40.3414 GBP 40.3440 GBP
40.1300 GBP 40.1320 GBP 40.1420 GBP 40.1621 GBP 40.1755 GBP 40.2125 GBP 40.2850 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 |
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|
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|
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|
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(ii) Exercise
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Class of relevant security |
Product description e.g. call option |
Exercising/ exercised against |
Number of securities |
Exercise price per unit |
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|
|
|
|
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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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|
|
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3. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
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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" |
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None
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(b) Agreements, arrangements or understandings relating to options or derivatives
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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" |
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None
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Date of disclosure: |
12 August 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.
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