Form 8.5 (EPT/RI)-Beazley plc

JPMorgan Securities Plc

13 February 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:	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:	12 February 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	824,616	12.4500 GBP	12.2850 GBP
	Sale	448,730	12.4500 GBP	12.2753 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	112	12.3456 GBP
			30	12.3675 GBP
			18	12.3678 GBP
			1	12.3706 GBP
			9,937	12.3817 GBP
			400	12.3850 GBP
			2,904	12.3878 GBP
			39	12.4161 GBP
		Decrease Short	333	12.2753 GBP
			79	12.3193 GBP
			242	12.3247 GBP
			35,624	12.3446 GBP
			4,700	12.3491 GBP
			17,663	12.3529 GBP
			5,483	12.3538 GBP
			873	12.3600 GBP
			4,200	12.3679 GBP
			83	12.3681 GBP
			521	12.3695 GBP
			22,715	12.3696 GBP
			12,903	12.3700 GBP
			23,810	12.3740 GBP
			488	12.3800 GBP
			3,113	12.3832 GBP
			6,187	12.3864 GBP
			5,928	12.3923 GBP
			770	12.3927 GBP
			105	12.3997 GBP
			1,536	12.4052 GBP
			1,292	12.4175 GBP
			58,887	12.4207 GBP
			5,530	12.4293 GBP
			29,065	12.4471 GBP
		Increase Long	4,883	12.3641 GBP
			795	12.3694 GBP
			19,988	12.3696 GBP
		Increase Short	50,000	12.2909 GBP
			4,572	12.3024 GBP
			49,946	12.3348 GBP
			1,376	12.3496 GBP
			58,889	12.3587 GBP
			1	12.3600 GBP
			7,937	12.3700 GBP
			36,209	12.3702 GBP
			600	12.3703 GBP
			8,843	12.3704 GBP
			7,790	12.3707 GBP
			526	12.3712 GBP
			2	12.3713 GBP
			7,652	12.3800 GBP
			16,922	12.3834 GBP
			365	12.4005 GBP
			1,876	12.4032 GBP
			25	12.4220 GBP
			931	12.4244 GBP
		Opening a long position	7,033	12.3257 GBP
			12,652	12.3390 GBP
			1,637	12.3509 GBP
			21,559	12.3700 GBP
			1,534	12.3928 GBP
			7,066	12.4034 GBP
			1,980	12.4085 GBP
		Opening a short position	431	12.3404 GBP
			2,387	12.3450 GBP
		409,912	12.3700 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:	13 February 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