Form 8.5 (EPT/RI) - Replacement of Schroders plc

Morgan Stanley & Co. Int'l plc

29 April 2026

 

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	Schroders plc
(c) Name of the party to the offer with which exempt principal trader is connected:	Schroders plc
(d) Date dealing undertaken:	27 April 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
20p ordinary	SALES	825,001	5.7951 GBP	5.7842 GBP
20p ordinary	PURCHASES	1,261,679	5.7953 GBP	5.7846 GBP
20p ordinary	PURCHASES	1	7.8449 USD	7.8449 USD
20p ordinary	SALES	5,158	7.8467 USD	7.8452 USD

(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
20p ordinary	CFD	increasing a long position	331	5.7919 GBP
20p ordinary	CFD	increasing a short position	5,701	5.7850 GBP
20p ordinary	CFD	increasing a short position	909	5.7854 GBP
20p ordinary	CFD	increasing a short position	8,962	5.7861 GBP
20p ordinary	CFD	increasing a short position	2,294	5.7861 GBP
20p ordinary	CFD	increasing a short position	6,273	5.7861 GBP
20p ordinary	CFD	increasing a short position	4,320	5.7861 GBP
20p ordinary	CFD	increasing a short position	4,448	5.7861 GBP
20p ordinary	CFD	increasing a short position	2,151	5.7861 GBP
20p ordinary	CFD	increasing a short position	2,868	5.7861 GBP
20p ordinary	CFD	increasing a short position	1,414	5.7861 GBP
20p ordinary	CFD	increasing a short position	1,613	5.7861 GBP
20p ordinary	CFD	increasing a short position	15,812	5.7861 GBP
20p ordinary	CFD	increasing a short position	3,824	5.7861 GBP
20p ordinary	CFD	increasing a short position	5,520	5.7861 GBP
20p ordinary	CFD	increasing a short position	2,330	5.7861 GBP
20p ordinary	CFD	increasing a short position	28,044	5.7862 GBP
20p ordinary	CFD	increasing a short position	64,035	5.7862 GBP
20p ordinary	CFD	increasing a short position	2,159	5.7862 GBP
20p ordinary	CFD	increasing a short position	2,158	5.7862 GBP
20p ordinary	CFD	increasing a short position	10,421	5.7862 GBP
20p ordinary	CFD	increasing a short position	1,493	5.7862 GBP
20p ordinary	CFD	increasing a short position	11,551	5.7862 GBP
20p ordinary	CFD	increasing a short position	3,284	5.7862 GBP
20p ordinary	CFD	increasing a short position	15,755	5.7862 GBP
20p ordinary	CFD	increasing a short position	2,695	5.7862 GBP
20p ordinary	CFD	increasing a short position	5,535	5.7862 GBP
20p ordinary	CFD	increasing a short position	109,041	5.7862 GBP
20p ordinary	CFD	increasing a short position	2,348	5.7878 GBP
20p ordinary	CFD	increasing a short position	3,515	5.7889 GBP
20p ordinary	CFD	increasing a short position	1,016	5.7891 GBP
20p ordinary	CFD	increasing a short position	1,412	5.7892 GBP
20p ordinary	CFD	increasing a short position	7,157	5.7892 GBP
20p ordinary	CFD	increasing a short position	3,846	5.7894 GBP
20p ordinary	CFD	increasing a short position	6,383	5.7900 GBP
20p ordinary	CFD	increasing a short position	1	5.7900 GBP
20p ordinary	CFD	increasing a short position	2,681	5.7900 GBP
20p ordinary	CFD	increasing a short position	1,316	5.7900 GBP
20p ordinary	CFD	increasing a short position	645	5.7900 GBP
20p ordinary	CFD	increasing a short position	860	5.7900 GBP
20p ordinary	CFD	increasing a short position	657	5.7901 GBP
20p ordinary	CFD	increasing a short position	397	5.7904 GBP
20p ordinary	CFD	increasing a short position	7,823	5.7905 GBP
20p ordinary	CFD	increasing a short position	766	5.7905 GBP
20p ordinary	CFD	increasing a short position	2,134	5.7905 GBP
20p ordinary	CFD	increasing a short position	3,682	5.7905 GBP
20p ordinary	CFD	increasing a short position	2,301	5.7909 GBP
20p ordinary	CFD	increasing a short position	49	5.7910 GBP
20p ordinary	CFD	increasing a short position	3	5.7917 GBP
20p ordinary	CFD	increasing a short position	1,198	5.7919 GBP
20p ordinary	CFD	increasing a short position	1,798	5.7919 GBP
20p ordinary	CFD	increasing a short position	1,389	5.7922 GBP
20p ordinary	CFD	increasing a short position	3,706	5.7923 GBP
20p ordinary	CFD	increasing a short position	24	5.7925 GBP
20p ordinary	CFD	increasing a short position	29	5.7928 GBP
20p ordinary	CFD	increasing a short position	55,528	5.7932 GBP
20p ordinary	CFD	increasing a short position	39,434	5.7932 GBP
20p ordinary	CFD	increasing a short position	85,226	5.7932 GBP
20p ordinary	CFD	increasing a short position	108,790	5.7932 GBP
20p ordinary	CFD	increasing a short position	266,438	5.7932 GBP
20p ordinary	CFD	increasing a short position	19,584	5.7932 GBP
20p ordinary	CFD	increasing a short position	28	5.7949 GBP
20p ordinary	CFD	increasing a short position	349	5.7950 GBP
20p ordinary	CFD	increasing a short position	1,367	5.7950 GBP
20p ordinary	CFD	increasing a short position	2,316	5.7950 GBP
20p ordinary	CFD	increasing a short position	5,280	5.7950 GBP
20p ordinary	CFD	increasing a short position	2,763	5.7950 GBP
20p ordinary	CFD	increasing a short position	29,535	5.7950 GBP
20p ordinary	CFD	increasing a short position	400	5.7950 GBP
20p ordinary	CFD	increasing a short position	34,185	5.7953 GBP
20p ordinary	CFD	increasing a short position	7	5.7962 GBP
20p ordinary	CFD	reducing a long position	347	5.7900 GBP
20p ordinary	CFD	reducing a long position	5,069	5.7925 GBP
20p ordinary	CFD	reducing a long position	9,197	5.7936 GBP
20p ordinary	CFD	reducing a short position	33,670	5.7842 GBP
20p ordinary	CFD	reducing a short position	2,909	5.7842 GBP
20p ordinary	CFD	reducing a short position	12,534	5.7842 GBP
20p ordinary	CFD	reducing a short position	87,534	5.7842 GBP
20p ordinary	CFD	reducing a short position	42,593	5.7842 GBP
20p ordinary	CFD	reducing a short position	41,203	5.7842 GBP
20p ordinary	CFD	reducing a short position	242	5.7861 GBP
20p ordinary	CFD	reducing a short position	61	5.7878 GBP
20p ordinary	CFD	reducing a short position	1,648	5.7879 GBP
20p ordinary	CFD	reducing a short position	5,633	5.7879 GBP
20p ordinary	CFD	reducing a short position	206	5.7881 GBP
20p ordinary	CFD	reducing a short position	338	5.7883 GBP
20p ordinary	CFD	reducing a short position	9,650	5.7883 GBP
20p ordinary	CFD	reducing a short position	7,105	5.7900 GBP
20p ordinary	CFD	reducing a short position	120	5.7900 GBP
20p ordinary	CFD	reducing a short position	97	5.7900 GBP
20p ordinary	CFD	reducing a short position	44	5.7900 GBP
20p ordinary	CFD	reducing a short position	56	5.7902 GBP
20p ordinary	CFD	reducing a short position	5,102	5.7913 GBP
20p ordinary	CFD	reducing a short position	900	5.7919 GBP
20p ordinary	CFD	reducing a short position	3,130	5.7922 GBP
20p ordinary	CFD	reducing a short position	41	5.7934 GBP
20p ordinary	CFD	reducing a short position	235	5.7944 GBP
20p ordinary	CFD	reducing a short position	2,940	5.7949 GBP
20p ordinary	CFD	reducing a short position	4,979	5.7950 GBP
20p ordinary	CFD	reducing a short position	411	5.7950 GBP
20p ordinary	CFD	reducing a short position	1,367	5.7950 GBP
20p ordinary	CFD	reducing a short position	166	5.7950 GBP
20p ordinary	CFD	reducing a short position	16,873	5.7950 GBP
20p ordinary	CFD	reducing a short position	270,600	5.7950 GBP
20p ordinary	CFD	reducing a short position	53,931	5.7950 GBP
20p ordinary	CFD	reducing a short position	1,662	5.7950 GBP
20p ordinary	CFD	reducing a short position	29,535	5.7950 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:	29 April 2026
Contact name:	Claire Gordon
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