Form 8.5 (EPT/RI)-Beazley plc

JPMorgan Securities Plc

31 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:	30 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	1,498,389	12.6906 GBP	12.6600 GBP
	Sale	1,063,708	12.6900 GBP	12.6600 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	107	12.6600 GBP
			1,271	12.6611 GBP
			189	12.6656 GBP
			102	12.6700 GBP
			3,800	12.6750 GBP
			41,339	12.6767 GBP
			7,953	12.6777 GBP
			307	12.6805 GBP
			4,848	12.6830 GBP
			299	12.6844 GBP
			6,813	12.6868 GBP
			1,397	12.6889 GBP
			126	12.6900 GBP
			416	12.6904 GBP
			32	12.6906 GBP
			6,524	12.6910 GBP
			1,709	12.6913 GBP
		Decrease Short	2,250	12.6598 GBP
			6,913	12.6653 GBP
			1,446	12.6697 GBP
			5	12.6699 GBP
			205	12.6722 GBP
			2,964	12.6746 GBP
			1,253	12.6791 GBP
			1,990	12.6796 GBP
			134,876	12.6900 GBP
		Increase Long	3,072	12.6691 GBP
			14,669	12.6797 GBP
			276	12.6800 GBP
			7,000	12.6839 GBP
			16,000	12.6843 GBP
			345	12.6894 GBP
			3,906	12.6900 GBP
		Increase Short	1,258	12.6653 GBP
			960	12.6687 GBP
			115	12.6702 GBP
			411	12.6704 GBP
			17,634	12.6707 GBP
			29,926	12.6750 GBP
			350	12.6758 GBP
			537	12.6857 GBP
			57,085	12.6900 GBP
			4,308	12.6902 GBP
		Opening a short position	98,384	12.6900 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:	31 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