AMENDMENT(2(a), 2(b))
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: | Morgan Stanley & Co. International plc |
| (b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | John Wood Group plc |
| (c) Name of the party to the offer with which exempt principal trader is connected: | John Wood Group plc |
| (d) Date dealing undertaken: | 10 July 2024 |
| (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 |
| 4 2/7p ordinary | PURCHASES | 2,874,158 | 2.0720 GBP | 1.9146 GBP |
| 4 2/7p ordinary | SALES | 2,066,203 | 2.0720 GBP | 1.9110 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 |
| 4 2/7p ordinary | CFD | increasing a long position | 636 | 1.9110 GBP |
| 4 2/7p ordinary | CFD | increasing a long position | 20,392 | 1.9472 GBP |
| 4 2/7p ordinary | CFD | increasing a long position | 15,658 | 1.9472 GBP |
| 4 2/7p ordinary | CFD | increasing a long position | 69,693 | 1.9472 GBP |
| 4 2/7p ordinary | CFD | increasing a long position | 2,300 | 1.9477 GBP |
| 4 2/7p ordinary | CFD | increasing a long position | 3,863 | 1.9481 GBP |
| 4 2/7p ordinary | CFD | increasing a long position | 24,000 | 1.9499 GBP |
| 4 2/7p ordinary | CFD | increasing a long position | 3,969 | 1.9509 GBP |
| 4 2/7p ordinary | CFD | increasing a long position | 1 | 1.9600 GBP |
| 4 2/7p ordinary | CFD | increasing a long position | 114,920 | 1.9612 GBP |
| 4 2/7p ordinary | CFD | increasing a long position | 18,789 | 1.9836 GBP |
| 4 2/7p ordinary | CFD | increasing a long position | 3,000 | 2.0025 GBP |
| 4 2/7p ordinary | CFD | increasing a long position | 6,118 | 2.0044 GBP |
| 4 2/7p ordinary | CFD | increasing a long position | 650 | 2.0044 GBP |
| 4 2/7p ordinary | CFD | increasing a long position | 1,798 | 2.0720 GBP |
| 4 2/7p ordinary | CFD | increasing a long position | 21,911 | 2.0720 GBP |
| 4 2/7p ordinary | CFD | increasing a long position | 12,785 | 2.0720 GBP |
| 4 2/7p ordinary | CFD | increasing a short position | 949 | 1.9146 GBP |
| 4 2/7p ordinary | CFD | increasing a short position | 15,992 | 1.9414 GBP |
| 4 2/7p ordinary | CFD | increasing a short position | 31,035 | 1.9462 GBP |
| 4 2/7p ordinary | CFD | increasing a short position | 105,133 | 1.9465 GBP |
| 4 2/7p ordinary | CFD | increasing a short position | 24,877 | 1.9465 GBP |
| 4 2/7p ordinary | CFD | increasing a short position | 18,390 | 1.9465 GBP |
| 4 2/7p ordinary | CFD | increasing a short position | 151,600 | 1.9465 GBP |
| 4 2/7p ordinary | CFD | increasing a short position | 5,637 | 1.9598 GBP |
| 4 2/7p ordinary | CFD | increasing a short position | 820 | 1.9846 GBP |
| 4 2/7p ordinary | CFD | increasing a short position | 2,491 | 1.9846 GBP |
| 4 2/7p ordinary | CFD | increasing a short position | 2,243 | 1.9846 GBP |
| 4 2/7p ordinary | CFD | increasing a short position | 1,387 | 1.9846 GBP |
| 4 2/7p ordinary | CFD | increasing a short position | 1,639 | 1.9848 GBP |
| 4 2/7p ordinary | CFD | increasing a short position | 429 | 1.9869 GBP |
| 4 2/7p ordinary | CFD | increasing a short position | 6,431 | 1.9877 GBP |
| 4 2/7p ordinary | CFD | increasing a short position | 3,977 | 1.9877 GBP |
| 4 2/7p ordinary | CFD | increasing a short position | 7,140 | 1.9877 GBP |
| 4 2/7p ordinary | CFD | increasing a short position | 2,351 | 1.9877 GBP |
| 4 2/7p ordinary | CFD | increasing a short position | 1,000 | 2.0036 GBP |
| 4 2/7p ordinary | CFD | increasing a short position | 35,000 | 2.0160 GBP |
| 4 2/7p ordinary | CFD | increasing a short position | 16,585 | 2.0214 GBP |
| 4 2/7p ordinary | CFD | increasing a short position | 70,088 | 2.0214 GBP |
| 4 2/7p ordinary | CFD | increasing a short position | 101,067 | 2.0214 GBP |
| 4 2/7p ordinary | CFD | increasing a short position | 12,260 | 2.0214 GBP |
| 4 2/7p ordinary | CFD | increasing a short position | 27,100 | 2.0309 GBP |
| 4 2/7p ordinary | CFD | increasing a short position | 102,143 | 2.0444 GBP |
| 4 2/7p ordinary | CFD | increasing a short position | 12,379 | 2.0448 GBP |
| 4 2/7p ordinary | CFD | increasing a short position | 16,772 | 2.0448 GBP |
| 4 2/7p ordinary | CFD | increasing a short position | 68,706 | 2.0448 GBP |
| 4 2/7p ordinary | CFD | increasing a short position | 515,520 | 2.0720 GBP |
| 4 2/7p ordinary | CFD | increasing a short position | 13,155 | 2.0720 GBP |
| 4 2/7p ordinary | CFD | reducing a long position | 2,594 | 1.9505 GBP |
| 4 2/7p ordinary | CFD | reducing a long position | 1,724 | 1.9540 GBP |
| 4 2/7p ordinary | CFD | reducing a long position | 100,000 | 2.0196 GBP |
| 4 2/7p ordinary | CFD | reducing a long position | 114,920 | 2.0443 GBP |
| 4 2/7p ordinary | CFD | reducing a long position | 128,782 | 2.0720 GBP |
| 4 2/7p ordinary | CFD | reducing a long position | 13 | 2.0720 GBP |
| 4 2/7p ordinary | CFD | reducing a long position | 636 | 2.0720 GBP |
| 4 2/7p ordinary | CFD | reducing a long position | 263 | 2.0720 GBP |
| 4 2/7p ordinary | CFD | reducing a long position | 5,210 | 2.0720 GBP |
| 4 2/7p ordinary | CFD | reducing a long position | 2,356 | 2.0720 GBP |
| 4 2/7p ordinary | CFD | reducing a short position | 224,550 | 1.9450 GBP |
| 4 2/7p ordinary | CFD | reducing a short position | 22,835 | 1.9472 GBP |
| 4 2/7p ordinary | CFD | reducing a short position | 900 | 1.9494 GBP |
| 4 2/7p ordinary | CFD | reducing a short position | 1,600 | 1.9494 GBP |
| 4 2/7p ordinary | CFD | reducing a short position | 1,000 | 1.9499 GBP |
| 4 2/7p ordinary | CFD | reducing a short position | 112,375 | 1.9505 GBP |
| 4 2/7p ordinary | CFD | reducing a short position | 5,637 | 1.9653 GBP |
| 4 2/7p ordinary | CFD | reducing a short position | 149 | 2.0004 GBP |
| 4 2/7p ordinary | CFD | reducing a short position | 27,687 | 2.0121 GBP |
| 4 2/7p ordinary | CFD | reducing a short position | 1,573 | 2.0176 GBP |
| 4 2/7p ordinary | CFD | reducing a short position | 66,000 | 2.0379 GBP |
| 4 2/7p ordinary | CFD | reducing a short position | 60,000 | 2.0412 GBP |
| 4 2/7p ordinary | CFD | reducing a short position | 46,859 | 2.0505 GBP |
| 4 2/7p ordinary | CFD | reducing a short position | 5,846 | 2.0622 GBP |
| 4 2/7p ordinary | CFD | reducing a short position | 36,857 | 2.0720 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 |
| N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
(ii) Exercise
| Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
| N/A | N/A | N/A | N/A | N/A |
(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) |
| N/A | N/A | N/A | N/A |
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: | 12 July 2024 |
Contact name: | Craig Horsley |
Telephone number: | +44 141 245-7736 |
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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