Form 8.5 EPT/Non RI BEAZLEY PLC

Barclays PLC

23 February 2026

 

FORM 8.5 (EPT/NON-RI)
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN
EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS
(OR WHERE RI STATUS IS NOT APPLICABLE)
Rule 8.5 of the Takeover Code (the "Code")
1.				KEY INFORMATION
(a)	Name of exempt principal trader:				BARCLAYS CAPITAL SECURITIES LTD
(b)	Name of offeror/offeree in relation to whose				BEAZLEY PLC
	relevant securities this form relates:
(c)	Name of the party to the offer with which exempt				BEAZLEY PLC
	principal trader is connected
(d)	Date position held/dealing undertaken:				20 Feb 2026
(e)	In addition to the company in 1(b) above, is the exempt principal				NO
	trader making disclosures in respect of any other party to the offer?
2.				POSITIONS OF THE EXEMPT PRINCIPAL TRADER
(a)	Interests and short positions in the relevant securities of the offeror or offeree
	to which the disclosure relates following the dealing (if any)
Class of relevant security:				5p ordinary
				Interests		Short Positions
				Number	(%)	Number	(%)
(1)	Relevant securities owned
	and/or controlled:			11,907,220	1.99%	4,613,878	0.77%
(2)	Cash-settled derivatives:
	and/or controlled:			182,902	0.03%	10,329,946	1.72%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%
	TOTAL:			12,090,122	2.02%	14,943,824	2.49%
(b)	Rights to subscribe for new securities (including directors and other executive
	options)
Class of relevant security in relation to
which subscription right exists
Details, including nature of the rights
concerned and relevant percentages:
3.				DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER
(a)	Purchases and sales
Class of relevant		Purchase/sale		Total number of		Highest price per unit	Lowest price per unit
security				securities		paid/received	paid/received
5p ordinary		Purchase		691,350		12.2600  GBP	12.1700  GBP
5p ordinary		Sale		348,183		12.2600  GBP	12.1700  GBP
(b)	Cash-settled derivative transactions
Class of		Product		Nature of dealing		Number of	Price per
relevant		description				reference	unit
security						securities
5p ordinary		SWAP		Decreasing Short		776	12.1872  GBP
5p ordinary		SWAP		Decreasing Short		52	12.1890  GBP
5p ordinary		SWAP		Decreasing Short		49,953	12.1900  GBP
5p ordinary		SWAP		Decreasing Short		164	12.1976  GBP
5p ordinary		SWAP		Decreasing Short		1,735	12.2056  GBP
5p ordinary		SWAP		Decreasing Short		2,745	12.2076  GBP
5p ordinary		SWAP		Decreasing Short		49	12.2104  GBP
5p ordinary		SWAP		Decreasing Short		978	12.2105  GBP
5p ordinary		SWAP		Decreasing Short		2,773	12.2130  GBP
5p ordinary		SWAP		Decreasing Short		8,560	12.2137  GBP
5p ordinary		SWAP		Decreasing Short		23,896	12.2141  GBP
5p ordinary		SWAP		Decreasing Short		6,916	12.2147  GBP
5p ordinary		SWAP		Decreasing Short		1,371	12.2149  GBP
5p ordinary		SWAP		Decreasing Short		29,661	12.2162  GBP
5p ordinary		SWAP		Decreasing Short		49	12.2198  GBP
5p ordinary		SWAP		Increasing Short		193,002	12.1900  GBP
5p ordinary		SWAP		Increasing Short		12,501	12.2074  GBP
5p ordinary		SWAP		Increasing Short		62,729	12.2119  GBP
5p ordinary		SWAP		Increasing Short		6	12.2176  GBP
5p ordinary		SWAP		Increasing Short		2,269	12.2186  GBP
5p ordinary		SWAP		Increasing Short		4,526	12.2272  GBP
5p ordinary		SWAP		Increasing Short		2,296	12.2306  GBP
5p ordinary		SWAP		Increasing Short		95,015	12.2316  GBP
5p ordinary		SWAP		Increasing Short		18,136	12.2352  GBP
5p ordinary		SWAP		Increasing Short		15,976	12.2358  GBP
5p ordinary		SWAP		Increasing Short		43,127	12.2376  GBP
5p ordinary		SWAP		Increasing Short		9,174	12.2417  GBP
5p ordinary		CFD		Decreasing Short		2,845	12.2188  GBP
5p ordinary		CFD		Decreasing Short		9,830	12.2245  GBP
5p ordinary		CFD		Increasing Short		865	12.2132  GBP
5p ordinary		CFD		Increasing Short		1,391	12.2172  GBP
(c)	Stock-settled derivative transactions (including options)
(i)	Writing, selling, purchasing or varying
Class	Product	Writing,	Number	Exercise	Type	Expiry	Option
of	description	purchasing,	of	price		date	money
relevant		selling,	securities	per unit			paid/
security		varying etc	to which				received
			option				per unit
			relates
(ii)	Exercising
Class of relevant		Product description		Exercising/ exercised against		Number of	Exercise price per
security						securities	unit
(d)	Other dealings (including subscribing for new securities)
Class of relevant		Nature of Dealings		Details		Price per unit (if
security						applicable)
4.				OTHER INFORMATION
(a)	Indemnity and other dealings 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:
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 of future acquisition or disposal of any relevant securities to which
any derivative is referenced:
NONE
(c)	Attachments
Is a Supplemental Form 8 (Open Positions) attached?				NO
Date of disclosure:				23 Feb 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END