AMENDMENT
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: | 3 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 | 155,634
129,821 | 27.5157 GBP
27.4500 GBP | 25.7700 GBP
25.7700 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 | 1,619 1,230 631 240 962 847 541 62 2,498 1,027 310
73 106 109 390 25 33 746 11 20,495 180
56 4,025 2,606 4,359 2,076 18 501 501 2,350 10 695 2,763 2 9,213 1,451 349
3,060 1,310 2,957 1,000 1,647 66 31 33 16,191 200 23,563 12,000 3,594
1,468 273 651 3,083 1,134 366 33 140
1,713 679 2,062 745 1,057 1,711 386 430 106 202 119 | 25.7706 GBP 25.7726 GBP 26.0575 GBP 26.0590 GBP 26.2438 GBP 26.4626 GBP 26.5053 GBP 26.6796 GBP 26.6845 GBP 27.1955 GBP 27.3683 GBP
25.7661 GBP 26.2929 GBP 26.2935 GBP 26.5044 GBP 26.6104 GBP 26.6105 GBP 26.6106 GBP 26.6108 GBP 27.0037 GBP 27.3182 GBP
26.1566 GBP 26.2839 GBP 26.3416 GBP 26.4979 GBP 26.5643 GBP 26.5685 GBP 26.6080 GBP 26.6099 GBP 26.6339 GBP 26.8133 GBP 26.8163 GBP 26.8445 GBP 26.8573 GBP 26.9045 GBP 27.0746 GBP 27.1580 GBP
25.7705 GBP 25.8408 GBP 25.9876 GBP 26.0797 GBP 26.1044 GBP 26.1355 GBP 26.2197 GBP 26.2211 GBP 26.3176 GBP 26.5003 GBP 26.7035 GBP 26.7334 GBP 26.9948 GBP
25.7700 GBP 26.2089 GBP 26.3095 GBP 26.6047 GBP 26.6361 GBP 26.8470 GBP 26.8499 GBP 27.1999 GBP
25.7700 GBP 25.7713 GBP 26.3254 GBP 26.5053 GBP 26.5233 GBP 26.6228 GBP 26.6456 GBP 26.7500 GBP 26.7887 GBP 26.9101 GBP 27.0655 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.
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