Form 8.5 (EPT/RI)-Beazley plc

JPMorgan Securities Plc

27 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:	24 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	636,110	12.7591 GBP	12.7400 GBP
	Sale	284,209	12.7500 GBP	12.7387 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	10	12.7406 GBP
			400	12.7424 GBP
			311	12.7431 GBP
			885	12.7446 GBP
			350	12.7455 GBP
		Decrease Short	59	12.7387 GBP
			21,566	12.7390 GBP
			14,792	12.7400 GBP
			1,903	12.7401 GBP
			12,741	12.7407 GBP
			18,099	12.7408 GBP
			10,350	12.7427 GBP
			14,679	12.7431 GBP
			208	12.7437 GBP
			2,886	12.7446 GBP
			5,429	12.7449 GBP
			1	12.7450 GBP
			1,644	12.7496 GBP
		Increase Long	19,331	12.7391 GBP
			3,034	12.7422 GBP
			1,669	12.7466 GBP
		Increase Short	40,202	12.7400 GBP
			8,056	12.7404 GBP
			2	12.7413 GBP
			1,033	12.7419 GBP
			1,741	12.7422 GBP
			9,088	12.7423 GBP
			3,730	12.7424 GBP
			2,010	12.7428 GBP
			668	12.7433 GBP
			4,734	12.7437 GBP
			2,820	12.7446 GBP
			17,332	12.7450 GBP
			5,140	12.7457 GBP
			1,900	12.7458 GBP
			167,517	12.7500 GBP
			218,149	12.7591 GBP
		Opening a long position	24	12.7438 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:	27 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