Form 8.5 (EPT/RI)-Beazley plc

JPMorgan Securities Plc

02 March 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:	27 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	2,061,950	12.7700 GBP	12.4500 GBP
	Sale	1,993,714	12.7600 GBP	12.4471 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	900	12.4711 GBP
			25,792	12.6261 GBP
			1,534	12.6671 GBP
			103	12.6706 GBP
			1,006	12.6709 GBP
			148	12.6963 GBP
		Decrease Short	594	12.4483 GBP
			14,868	12.4503 GBP
			24,837	12.4607 GBP
			413,003	12.4613 GBP
			9,586	12.4697 GBP
			210	12.4700 GBP
			1,107	12.4767 GBP
			2,506	12.4816 GBP
			2,347	12.4991 GBP
			212	12.5000 GBP
			2,563	12.5029 GBP
			467	12.5297 GBP
			1,917	12.5897 GBP
			1,259	12.6000 GBP
			1,096	12.6115 GBP
			25,706	12.6125 GBP
			104	12.6147 GBP
			4,664	12.6153 GBP
			2,662	12.6223 GBP
			1,336	12.6233 GBP
			77,710	12.6517 GBP
			4,351	12.6548 GBP
			1,121	12.6687 GBP
			435,571	12.6700 GBP
			9,328	12.6737 GBP
			2,328	12.6757 GBP
			13,154	12.6768 GBP
			22,000	12.7014 GBP
			20,739	12.7024 GBP
			36,420	12.7032 GBP
			579	12.7033 GBP
			1,283	12.7045 GBP
			22,816	12.7160 GBP
			7,330	12.7180 GBP
			10	12.7198 GBP
		Increase Long	1,700	12.4591 GBP
			12	12.4692 GBP
			42,444	12.6723 GBP
			100	12.7000 GBP
		Increase Short	11,288	12.4501 GBP
			37,948	12.4510 GBP
			6,871	12.4601 GBP
			10,000	12.4619 GBP
			211,766	12.4687 GBP
			5,427	12.4716 GBP
			20,567	12.4909 GBP
			989	12.5039 GBP
			633	12.5042 GBP
			1,107	12.5223 GBP
			128	12.5500 GBP
			17,118	12.5746 GBP
			22,064	12.6270 GBP
			4,862	12.6395 GBP
			413	12.6493 GBP
			5,396	12.6579 GBP
			10,000	12.6661 GBP
			437,856	12.6700 GBP
			28,911	12.6701 GBP
		1,056	12.6702 GBP
		315	12.6713 GBP
		1,850	12.6763 GBP
		203,000	12.6777 GBP
		203,000	12.6793 GBP
		110	12.6913 GBP
		10	12.6990 GBP
		6,633	12.7107 GBP
		10	12.7203 GBP
		114	12.7213 GBP
	Opening a short position	2,220	12.6871 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:	02 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