Form 8.5 (EPT/RI)-Beazley plc

JPMorgan Securities Plc

30 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 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	3,665,494	12.6806 GBP	12.6502 GBP
	Sale	813,607	12.6800 GBP	12.6496 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	1,346	12.6600 GBP
			1,900	12.6658 GBP
			52,834	12.6672 GBP
			5,996	12.6762 GBP
			1,433	12.6792 GBP
			14,949	12.6797 GBP
			15,362	12.6800 GBP
			1	12.6806 GBP
		Decrease Short	17,776	12.6496 GBP
			384	12.6587 GBP
			924	12.6595 GBP
			5,926	12.6599 GBP
			2,773	12.6625 GBP
			1,927	12.6640 GBP
			5,544	12.6667 GBP
			393	12.6670 GBP
			2,105	12.6671 GBP
			2,182	12.6787 GBP
			125,337	12.6800 GBP
		Increase Long	400	12.6525 GBP
			27,887	12.6572 GBP
			4,400	12.6591 GBP
			3,528	12.6600 GBP
			6,792	12.6626 GBP
			2,978	12.6633 GBP
			911	12.6652 GBP
			675	12.6653 GBP
			107	12.6687 GBP
			19,800	12.6693 GBP
			442	12.6696 GBP
			1,184	12.6700 GBP
			752	12.6733 GBP
			5,598	12.6737 GBP
			2,537	12.6750 GBP
			2,433	12.6762 GBP
			73,285	12.6771 GBP
			1,384	12.6794 GBP
			17,832	12.6800 GBP
		Increase Short	116,900	12.6600 GBP
			17,468	12.6601 GBP
			437	12.6604 GBP
			5,922	12.6701 GBP
			731,937	12.6800 GBP
		Opening a short position	79	12.6573 GBP
			2,500,000	12.6700 GBP
			4,058	12.6732 GBP
			267	12.6739 GBP
			95,964	12.6800 GBP
			115	12.6802 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:	30 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