Form 8.5 (EPT/RI)-Beazley plc

JPMorgan Securities Plc

02 April 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:	01 April 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	553,589	12.7006 GBP	12.6700 GBP
	Sale	773,715	12.7000 GBP	12.6696 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	628	12.6701 GBP
			4,593	12.6794 GBP
			29	12.6834 GBP
			3,670	12.6869 GBP
			91,423	12.6884 GBP
			2,300	12.6896 GBP
			19,290	12.6897 GBP
			65	12.6900 GBP
			58	12.6906 GBP
			180	12.6913 GBP
			80	12.6918 GBP
			97	12.6930 GBP
			1,835	12.6934 GBP
			28,992	12.6976 GBP
			506	12.6994 GBP
			51	12.7000 GBP
			3,138	12.7004 GBP
			17	12.7006 GBP
			3,893	12.7013 GBP
			1,415	12.7025 GBP
		Decrease Short	26,705	12.6696 GBP
			4,138	12.6716 GBP
			300,000	12.6787 GBP
			94	12.6847 GBP
			74	12.6848 GBP
			323	12.6896 GBP
			1,338	12.6906 GBP
			23,670	12.6984 GBP
		Increase Long	200	12.6700 GBP
			2,720	12.6728 GBP
			28	12.6800 GBP
			1,286	12.6856 GBP
			12	12.6883 GBP
			1	12.6900 GBP
			1,920	12.6971 GBP
			71,323	12.7000 GBP
		Increase Short	146	12.6704 GBP
			6	12.6804 GBP
			711	12.6819 GBP
			16,862	12.6914 GBP
			30,959	12.7000 GBP
		Opening a long position	4,298	12.7000 GBP
		Opening a short position	2,187	12.6762 GBP
			1,907	12.6851 GBP
			204	12.6866 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 April 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