Last checked at 1 Mar 2022 11:29
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 | Oxford Instruments 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: | 28 February 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, Spectris 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 | 893,450
733,746 | 26.9000 GBP
27.5500 GBP | 20.0000 GBP
19.9980 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
| 72,113 218 71 2,832 2,000 4,131 285 1,192 96 821 7,645 1,125 350 385 567 1,705 7,436 719 471 156
77 1,070 1,630 1,600 600 18,681 20,000 25,109 67,868 84,068 959 2,319 2,932 8,536 23,286 30,389 44,905 100 19,128 32 208 175 2,137 43,681 25,672 22,648 84,868 7,578
5 63 393 112 1,000 1,244 1,769 1,734 87 5,005 350 2,844 828 75 35 304 10,714 158 469 182 80 2,131 2,175 178 1,513 4,601
70 1,255 112
14,245 536
424 112 14,245 6,930 132,788 280,000 30,000 17,325 153,300 13,860 | 20.0000 GBP 20.1505 GBP 20.5506 GBP 25.5066 GBP 25.8308 GBP 25.9756 GBP 25.9872 GBP 26.0656 GBP 26.2266 GBP 26.2292 GBP 26.2967 GBP 26.3698 GBP 26.4508 GBP 26.4661 GBP 26.5594 GBP 26.6500 GBP 26.6501 GBP 26.6513 GBP 26.6527 GBP 26.6630 GBP
20.1485 GBP 21.9582 GBP 24.0177 GBP 24.0446 GBP 24.1462 GBP 25.1549 GBP 26.0791 GBP 26.2434 GBP 26.2830 GBP 26.3487 GBP 26.3541 GBP 26.4040 GBP 26.4091 GBP 26.4368 GBP 26.4421 GBP 26.4611 GBP 26.4921 GBP 26.5231 GBP 26.5670 GBP 26.5697 GBP 26.6460 GBP 26.6468 GBP 26.6947 GBP 26.7170 GBP 26.7546 GBP 26.7650 GBP 26.8170 GBP 27.2076 GBP
19.9985 GBP 19.9999 GBP 20.4604 GBP 20.7499 GBP 21.2766 GBP 22.1406 GBP 22.9506 GBP 22.9532 GBP 23.5606 GBP 24.0235 GBP 24.1232 GBP 24.4052 GBP 24.4126 GBP 25.1499 GBP 25.2499 GBP 25.5796 GBP 25.6786 GBP 25.8561 GBP 26.3486 GBP 26.3492 GBP 26.3992 GBP 26.5233 GBP 26.5235 GBP 26.5259 GBP 26.6338 GBP 26.6500 GBP
20.0000 GBP 26.5385 GBP 26.7505 GBP
26.5053 GBP 26.7250 GBP
21.3084 GBP 21.6454 GBP 24.6019 GBP 26.1005 GBP 26.1251 GBP 26.3995 GBP 26.6016 GBP 26.6883 GBP 26.7445 GBP 26.7613 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: | 1 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.