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 KKR & CO INV. |
| (d) Date dealing undertaken: | 19 June 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 |
| 5p ordinary | Purchase
Sale | 488,084
251,214 | 33.6800 GBP
33.6800 GBP | 33.2600 GBP
33.2975 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 | 11,294 322 169 95 2,923 105 942 79
2,438 76 45 221 1,444 32,541 2 1,438 6,849 2,052 459 211 1,300 76 3,424 16 42 46
45 240 4 15,002 4,238 300 39 4,094 101 2,136 1,299 600
500 4,905 9 25,000 35 13,266 17,308 18 33,165 40,087 360 688 20
9,047 | 33.4000 GBP 33.4016 GBP 33.4300 GBP 33.4516 GBP 33.4724 GBP 33.5101 GBP 33.5234 GBP 33.5291 GBP
33.2975 GBP 33.3424 GBP 33.3722 GBP 33.4191 GBP 33.4362 GBP 33.4421 GBP 33.4467 GBP 33.4616 GBP 33.4636 GBP 33.4713 GBP 33.4739 GBP 33.4839 GBP 33.5178 GBP 33.5217 GBP 33.5904 GBP 33.6010 GBP 33.6095 GBP 33.6488 GBP
33.2990 GBP 33.3967 GBP 33.3985 GBP 33.3990 GBP 33.3997 GBP 33.4430 GBP 33.4503 GBP 33.4555 GBP 33.4778 GBP 33.5045 GBP 33.5048 GBP 33.5306 GBP
33.3188 GBP 33.4005 GBP 33.4033 GBP 33.4117 GBP 33.4374 GBP 33.4534 GBP 33.4800 GBP 33.5050 GBP 33.5181 GBP 33.5182 GBP 33.5288 GBP 33.5738 GBP 33.6105 GBP
33.4000 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: | 24 June 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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