Form 8.5 (EPT/RI)-Beazley plc Amend

JPMorgan Securities Plc

20 March 2026

 

AMENDMENT

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	Beazley plc
(c) Name of the party to the offer with which exempt principal trader is connected:	Corporate Broker and Financial Adviser to Beazley Plc
(d) Date dealing undertaken:	02 March 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
5p ordinary	Purchase	13,949,867	12.9202 GBP	12.2000 GBP
	Sale	7,572,511	12.9200 GBP	12.2000 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	1,700	12.3765 GBP
			12,892	12.5431 GBP
			64	12.5706 GBP
			2,259	12.7754 GBP
			38 1,841,071	12.9113 GBP 12.5000 GBP
		Decrease Short	20	12.2300 GBP
			2,500	12.2982 GBP
			179	12.3383 GBP
			7,455	12.3449 GBP
			1	12.3450 GBP
			8,461	12.3482 GBP
			29	12.3600 GBP
			16,808	12.3625 GBP
			9	12.3698 GBP
			8,456	12.3733 GBP
			2,400	12.3762 GBP
			17	12.3800 GBP
			1,284	12.3806 GBP
			3,962	12.3831 GBP
			21	12.3840 GBP
			2,411	12.3894 GBP
			149	12.3961 GBP
			2,929	12.3979 GBP
			58,051	12.4086 GBP
			11,786	12.4087 GBP
			25,000	12.4486 GBP
			2,239	12.4641 GBP
			3,714	12.4786 GBP
			301,302	12.5335 GBP
			5,936	12.5364 GBP
			3,867	12.6015 GBP
			32,792	12.6273 GBP
			1,039	12.6339 GBP
			8,690	12.6516 GBP
			2,071	12.6862 GBP
			33,798	12.7098 GBP
			1,235	12.7243 GBP
			6,863	12.7523 GBP
			7,125	12.7532 GBP
			11,321	12.8065 GBP
			34,758	12.8700 GBP
			424,928	12.8910 GBP
			64,036	12.8960 GBP
			156,334	12.8981 GBP
			10,000	12.9010 GBP
			181	12.9031 GBP
			375,753	12.9061 GBP
			40,000	12.9081 GBP
			57,878	12.9083 GBP
			1,510	12.9086 GBP
			769	12.9087 GBP
			70,405	12.9089 GBP
			5,950	12.9095 GBP
			3,992	12.9097 GBP
			448,165	12.9100 GBP
			13,586	12.9101 GBP
			8,411	12.9102 GBP
			472	12.9119 GBP
			1,375	12.9197 GBP
			939	12.9200 GBP
		Increase Long	39	12.3420 GBP
			2,000	12.3971 GBP
			3,300	12.7331 GBP
			1,665	12.7482 GBP
			1,100	12.8918 GBP
			83,843	12.9092 GBP
		Increase Short	124,000	12.2981 GBP
			7,633	12.3296 GBP
			3,152	12.3407 GBP
			124,956	12.3439 GBP
			5	12.3460 GBP
			8	12.3503 GBP
			579	12.3523 GBP
			7,394	12.3598 GBP
			33,755	12.3687 GBP
			31	12.3694 GBP
			289	12.3801 GBP
			22	12.3912 GBP
			4,302	12.4018 GBP
			949	12.4043 GBP
			17,562	12.4313 GBP
			4	12.4350 GBP
			37,500	12.4725 GBP
			5,426	12.5033 GBP
			37,306	12.5170 GBP
			48,418	12.6071 GBP
			100	12.6950 GBP
			68	12.6951 GBP
			218,067	12.7702 GBP
			34,068	12.8265 GBP
			8,543	12.8324 GBP
			100,000	12.8791 GBP
			100,000	12.8810 GBP
			7,181	12.8853 GBP
			101,775	12.8910 GBP
			200,000	12.8968 GBP
			100,000	12.8978 GBP
			100,000	12.8986 GBP
			250,000	12.9001 GBP
			244,000	12.9007 GBP
			100,000	12.9008 GBP
			75,000	12.9009 GBP
			701,235	12.9010 GBP
			60,955	12.9026 GBP
			160,000	12.9039 GBP
			250,000	12.9065 GBP
			200,000	12.9077 GBP
			80,000	12.9089 GBP
			200,000	12.9090 GBP
			240,000	12.9097 GBP
			339,078	12.9100 GBP
			158,000	12.9107 GBP
			2,071	12.9120 GBP
			4,051	12.9204 GBP
			25,334	12.9207 GBP
		Opening a short position	1,213,113	12.4300 GBP
			5,400	12.8803 GBP
			150,000	12.9129 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:	20 March 2026
Contact name:	Hetvi Shah
Telephone number:	44 2034 936359

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