Form 8.5 (EPT/RI)-Beazley plc

JPMorgan Securities Plc

13 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:	12 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	3,752,804	12.9000 GBP	12.8700 GBP
	Sale	2,795,585	12.8900 GBP	12.8700 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	6,181	12.8776 GBP
			8,946	12.8800 GBP
			73,189	12.8806 GBP
			19,170	12.8807 GBP
			254	12.8905 GBP
			2,400	12.8908 GBP
			421	12.8913 GBP
		Decrease Short	26,028	12.8696 GBP
			36,488	12.8700 GBP
			596	12.8774 GBP
			128	12.8796 GBP
			1,090	12.8797 GBP
			12,647	12.8802 GBP
			9,623	12.8804 GBP
			598	12.8853 GBP
			15,754	12.8877 GBP
			311	12.8899 GBP
		Increase Long	4,300	12.8791 GBP
			1,302	12.8796 GBP
			3,778	12.8800 GBP
			3,800	12.8805 GBP
			10,026	12.8815 GBP
			10,397	12.8816 GBP
			10	12.8885 GBP
			2,234	12.8888 GBP
			870	12.8900 GBP
		Increase Short	64,691	12.8700 GBP
			6,432	12.8777 GBP
			1	12.8788 GBP
			982	12.8813 GBP
			1,745	12.8823 GBP
			7,000	12.8828 GBP
			4,448	12.8840 GBP
			121	12.8904 GBP
		Opening a long position	5,980	12.8800 GBP
			8,290	12.8840 GBP
		Opening a short position	1,304	12.8826 GBP
			8,851	12.8973 GBP
			4,115	12.9002 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 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