Form 8.5 (EPT/RI) - IP Group plc

Bank of America Merrill Lynch

23 June 2026

 

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:	Merrill Lynch International
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	IP Group PLC
(c) Name of the party to the offer with which exempt principal trader is connected:	IP Group PLC
(d) Date dealing undertaken:	22/06/2026
(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
Common Stock	Purchase	773,425	0.687967 GBP	0.631899 GBP
Common Stock	Sale	960,094	0.687967 GBP	0.629000 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
Common Stock	Swaps - Equity Swaps	Increasing a Long Position	26,718	0.670733 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Long Position	26,718	0.650000 GBP
Common Stock	Swaps - Equity Swaps	Increasing a Short Position	7,724	0.650000 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	7,724	0.650000 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Long Position	2,086	0.631500 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Long Position	2,779	0.631500 GBP
Common Stock	Swaps - Equity Swaps	Increasing a Long Position	2,086	0.631500 GBP
Common Stock	Swaps - Equity Swaps	Increasing a Long Position	2,779	0.631500 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	16,200	0.659983 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	788	0.656388 GBP
Common Stock	Swaps - Equity Swaps	Increasing a Short Position	61	0.635940 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	2,064	0.656388 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	93	0.656388 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	5,797	0.656388 GBP
Common Stock	Swaps - Equity Swaps	Increasing a Long Position	6,717	0.665092 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Long Position	7	0.660013 GBP
Common Stock	Swaps - Equity Swaps	Increasing a Short Position	1,895	0.641505 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	26,718	0.650000 GBP
Common Stock	Swaps - Equity Swaps	Increasing a Short Position	7,724	0.650000 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	124,196	0.649586 GBP
Common Stock	Swaps - Equity Swaps	Increasing a Short Position	788	0.649730 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	3	0.633000 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Long Position	9	0.668734 GBP
Common Stock	Swaps - Equity Swaps	Increasing a Long Position	11	0.649935 GBP
Common Stock	Swaps - Equity Swaps	Increasing a Short Position	1,078	0.633548 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	7,945	0.633850 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	1,078	0.633850 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	1,415	0.632137 GBP
Common Stock	Swaps - Equity Swaps	Increasing a Short Position	586	0.633549 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	4,903	0.633850 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	847	0.632120 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Long Position	6,887	0.644297 GBP
Common Stock	Swaps - Equity Swaps	Increasing a Short Position	12,169	0.639170 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	5,359	0.677876 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	12,366	0.677876 GBP
Common Stock	Swaps - Equity Swaps	Opening a Short Position	452,834	0.661834 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	452,834	0.658941 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	172,422	0.670733 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	547	0.670733 GBP
Common Stock	Swaps - Equity Swaps	Increasing a Short Position	172,422	0.647830 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:	23/06/2026
Contact name:	Kamil Dziedzic
Telephone number:	[phone]

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 [phone].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

END