Form 8.3 - Beazley plc

Citadel Group

26 January 2026

 

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the "Code")

1.         KEY INFORMATION

(a) Full name of discloser:	Citadel Group
(b) Owner or controller of interests and short positions disclosed, if different from 1(a):      The naming of nominee or vehicle companies is insufficient.  For a trust, the trustee(s), settlor and beneficiaries must be named.	N/A
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a separate form for each offeror/offeree	BEAZLEY PLC
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:	N/A
(e) Date position held/dealing undertaken:      For an opening position disclosure, state the latest practicable date prior to the disclosure	23 January 2026
(f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?      If it is a cash offer or possible cash offer, state "N/A"	N/A

2.         POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a)        Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:	ISIN GB00BYQ0JC66 5p ordinary
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	5,771	0.00	2,578	0.00
(2) Cash-settled derivatives:	6,787,419	1.13	115,743	0.01
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	6,793,190	1.13	118,321	0.01

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b)        Rights to subscribe for new securities (including directors' and other employee options)

Class of relevant security in relation to which subscription right exists:	N/A
Details, including nature of the rights concerned and relevant percentages:	N/A

3.         DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(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	Purchase/sale	Number of securities	Price per unit
Common	Buy Transaction	700	11.1100 GBP
Common	Buy Transaction	1,618	11.1300 GBP
Common	Buy Transaction	417	11.1500 GBP
Common	Buy Transaction	849	11.1600 GBP
Common	Buy Transaction	1,953	11.1700 GBP
Common	Buy Transaction	1,553	11.1800 GBP
Common	Buy Transaction	2,506	11.1900 GBP
Common	Buy Transaction	1,502	11.2000 GBP
Common	Buy Transaction	3,493	11.2100 GBP
Common	Buy Transaction	2,301	11.2200 GBP
Common	Buy Transaction	1,716	11.2300 GBP
Common	Buy Transaction	844	11.2400 GBP
Common	Buy Transaction	6,097	11.2500 GBP
Common	Buy Transaction	950	11.2600 GBP
Common	Buy Transaction	3,857	11.2700 GBP
Common	Buy Transaction	2,104	11.2800 GBP
Common	Buy Transaction	1,181	11.2900 GBP
Common	Buy Transaction	828	11.3000 GBP
Common	Buy Transaction	1,942	11.3100 GBP
Common	Buy Transaction	790	11.3200 GBP
Common	Buy Transaction	448	11.3300 GBP
Common	Buy Transaction	564	11.3350 GBP
Common	Buy Transaction	1,585	11.3400 GBP
Common	Buy Transaction	1,415	11.3500 GBP
Common	Buy Transaction	986	11.3600 GBP
Common	Buy Transaction	2,804	11.3700 GBP
Common	Buy Transaction	2,176	11.3800 GBP
Common	Buy Transaction	4,278	11.3900 GBP
Common	Buy Transaction	942	11.4000 GBP
Common	Buy Transaction	908	11.4100 GBP
Common	Buy Transaction	468	11.4200 GBP
Common	Buy Transaction	313	11.4300 GBP
Common	Buy Transaction	6,178	11.4400 GBP
Common	Buy Transaction	1,476	11.4500 GBP
Common	Buy Transaction	1,971	11.4600 GBP
Common	Buy Transaction	482	11.4700 GBP
Common	Buy Transaction	788	11.4800 GBP
Common	Buy Transaction	2,096	11.4900 GBP
Common	Buy Transaction	7,399	11.5000 GBP
Common	Buy Transaction	1,268	11.5100 GBP
Common	Buy Transaction	12,532	11.5200 GBP
Common	Buy Transaction	6,350	11.5300 GBP
Common	Buy Transaction	4,672	11.5400 GBP
Common	Buy Transaction	3,861	11.5500 GBP
Common	Buy Transaction	1,768	11.5550 GBP
Common	Buy Transaction	11,223	11.5600 GBP
Common	Buy Transaction	680	11.5700 GBP
Common	Buy Transaction	7,262	11.5800 GBP
Common	Buy Transaction	901	11.6000 GBP
Common	Buy Transaction	872	11.6100 GBP
Common	Sell Transaction	1	11.1000 GBP
Common	Sell Transaction	780	11.1100 GBP
Common	Sell Transaction	166	11.1200 GBP
Common	Sell Transaction	986	11.1600 GBP
Common	Sell Transaction	1,967	11.1700 GBP
Common	Sell Transaction	6,290	11.1800 GBP
Common	Sell Transaction	4,171	11.1900 GBP
Common	Sell Transaction	2,081	11.2000 GBP
Common	Sell Transaction	1,958	11.2100 GBP
Common	Sell Transaction	4,614	11.2200 GBP
Common	Sell Transaction	2,033	11.2300 GBP
Common	Sell Transaction	1,833	11.2400 GBP
Common	Sell Transaction	1,443	11.2500 GBP
Common	Sell Transaction	1,140	11.2600 GBP
Common	Sell Transaction	3,075	11.2700 GBP
Common	Sell Transaction	1,735	11.2800 GBP
Common	Sell Transaction	1,063	11.2900 GBP
Common	Sell Transaction	2,402	11.3000 GBP
Common	Sell Transaction	1,895	11.3100 GBP
Common	Sell Transaction	1,159	11.3200 GBP
Common	Sell Transaction	1,398	11.3300 GBP
Common	Sell Transaction	1,786	11.3400 GBP
Common	Sell Transaction	6,452	11.3500 GBP
Common	Sell Transaction	447	11.3600 GBP
Common	Sell Transaction	1,319	11.3700 GBP
Common	Sell Transaction	4,280	11.3800 GBP
Common	Sell Transaction	2,334	11.3900 GBP
Common	Sell Transaction	4,317	11.4000 GBP
Common	Sell Transaction	1,005	11.4100 GBP
Common	Sell Transaction	1,349	11.4200 GBP
Common	Sell Transaction	1	11.4300 GBP
Common	Sell Transaction	1,959	11.4400 GBP
Common	Sell Transaction	2,233	11.4500 GBP
Common	Sell Transaction	2,869	11.4600 GBP
Common	Sell Transaction	621	11.4700 GBP
Common	Sell Transaction	73	11.4800 GBP
Common	Sell Transaction	3,337	11.5000 GBP
Common	Sell Transaction	412	11.5200 GBP
Common	Sell Transaction	663	11.5250 GBP
Common	Sell Transaction	2,000	11.5300 GBP
Common	Sell Transaction	6,241	11.5400 GBP
Common	Sell Transaction	11,758	11.5500 GBP
Common	Sell Transaction	1,970	11.5550 GBP
Common	Sell Transaction	509	11.5550 GBP
Common	Sell Transaction	7,494	11.5600 GBP
Common	Sell Transaction	2,279	11.5700 GBP
Common	Sell Transaction	1,192	11.5800 GBP
Common	Sell Transaction	4,100	11.5900 GBP
Common	Sell Transaction	10,123	11.6000 GBP
Common	Sell Transaction	3,178	11.6200 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
Common	CFD	Increasing long position	478,007	11.2000 GBP
Common	CFD	Increasing long position	21	11.2100 GBP
Common	CFD	Increasing long position	208,000	11.2350 GBP
Common	CFD	Increasing long position	9,855	11.2937 GBP
Common	CFD	Reducing long position	11	11.3500 GBP
Common	CFD	Reducing long position	59,569	11.4287 GBP
Common	CFD	Increasing long position	259,586	11.4294 GBP
Common	CFD	Increasing long position	19	11.4350 GBP
Common	CFD	Increasing long position	33,188	11.5200 GBP
Common	CFD	Reducing long position	12,619	11.5200 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)

4.         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 person 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 person 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

(c)        Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:	26 January 2026
Contact name:	Paula Santos
Telephone number*:	020 7645 9700

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 disclosure requirements on [phone].

*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel's Market Surveillance Unit.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

END