Form 8.5 (EPT/RI)-Beazley plc

JPMorgan Securities Plc

17 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:	16 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	1,196,596	12.9006 GBP	12.8800 GBP
	Sale	1,388,853	12.9085 GBP	12.8786 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	702	12.8800 GBP
			155	12.8845 GBP
			3,900	12.8895 GBP
			16	12.8900 GBP
			3,300	12.8909 GBP
			11,824	12.8934 GBP
			199	12.8956 GBP
			49	12.8957 GBP
			9,208	12.8979 GBP
			4,152	12.8996 GBP
			37,668	12.8997 GBP
			30	12.9000 GBP
			12,823	12.9004 GBP
			692	12.9006 GBP
		Decrease Short	7,181	12.8740 GBP
			556,869	12.8786 GBP
			1,778	12.8796 GBP
			900	12.8810 GBP
			730	12.8896 GBP
			1,169	12.8934 GBP
			752	12.8998 GBP
			10,288	12.9086 GBP
		Increase Long	13	12.8802 GBP
			800	12.8803 GBP
			157	12.8835 GBP
			642	12.8853 GBP
			749	12.8863 GBP
			4,327	12.8870 GBP
			3,700	12.8891 GBP
			652	12.8900 GBP
			22,396	12.8903 GBP
			3,280	12.8930 GBP
			37,301	12.8974 GBP
			6,806	12.8977 GBP
			8,989	12.8991 GBP
		Increase Short	1,234	12.8808 GBP
			4,134	12.8847 GBP
			1,988	12.8884 GBP
			221,500	12.8897 GBP
			17,576	12.8901 GBP
			31,761	12.8910 GBP
			68	12.8913 GBP
			4,379	12.8933 GBP
			70	12.8934 GBP
			108,005	12.9000 GBP
			413	12.9013 GBP
		Opening a long position	17,620	12.9000 GBP
		Opening a short position	9,802	12.8849 GBP
			210	12.8854 GBP
			7,608	12.8886 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:	17 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