Form 8.5 (EPT/RI)-Beazley plc

JPMorgan Securities Plc

27 January 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:	26 January 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	889,991	11.7082 GBP	11.3400 GBP
	Sale	853,825	11.7000 GBP	11.3700 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	593	11.4005 GBP
			16,312	11.4044 GBP
			1,302	11.4077 GBP
			100	11.4100 GBP
			71	11.5287 GBP
		Decrease Short	1,249	11.3976 GBP
			928	11.3977 GBP
			324	11.3984 GBP
			18,020	11.3992 GBP
			6,038	11.3996 GBP
			890	11.3998 GBP
			78,042	11.4000 GBP
			14,236	11.4093 GBP
			2,754	11.4114 GBP
			2,498	11.4134 GBP
			7,743	11.4378 GBP
			22,780	11.4408 GBP
			103,580	11.4414 GBP
			270	11.4542 GBP
			1,888	11.4598 GBP
			35,004	11.4624 GBP
			2,614	11.4717 GBP
			974	11.4774 GBP
			29,540	11.4830 GBP
			325	11.4843 GBP
			2,553	11.4904 GBP
			16,226	11.4920 GBP
			8,408	11.4923 GBP
			1,326	11.4947 GBP
			13,207	11.5034 GBP
			13	11.5107 GBP
			6	11.5132 GBP
			27,942	11.5528 GBP
			517	11.5548 GBP
			7,000	11.5657 GBP
			7,898	11.5684 GBP
			52	11.6050 GBP
			14,667	11.6224 GBP
			3	11.6848 GBP
			769	11.7000 GBP
		Increase Long	111	11.3992 GBP
			17,512	11.4613 GBP
			19	11.6757 GBP
		Increase Short	1,817	11.3400 GBP
			672	11.3494 GBP
			7	11.3602 GBP
			171	11.3650 GBP
			39,986	11.4000 GBP
			4,022	11.4002 GBP
			704	11.4011 GBP
			2,390	11.4096 GBP
			367	11.4111 GBP
			2,343	11.4155 GBP
			25,000	11.4168 GBP
			174	11.4201 GBP
			103	11.4268 GBP
			59,555	11.4290 GBP
			214	11.4294 GBP
			221	11.4317 GBP
			110	11.4339 GBP
			166	11.4363 GBP
			36,718	11.4374 GBP
			70,900	11.4375 GBP
			1,277	11.4576 GBP
		611	11.4659 GBP
		1	11.4676 GBP
		3,889	11.4968 GBP
		114	11.5004 GBP
		2,133	11.5533 GBP
		10,867	11.5635 GBP
		190	11.5692 GBP
		1,396	11.5717 GBP
		317	11.5731 GBP
		4,425	11.5735 GBP
		3,289	11.5759 GBP
		4,109	11.5765 GBP
		42,032	11.5909 GBP
		4,000	11.6219 GBP
		6,000	11.6235 GBP
		5,000	11.6413 GBP
		41,695	11.6414 GBP
		3,976	11.6591 GBP
		5,000	11.6757 GBP
		3	11.6852 GBP
		4,299	11.6894 GBP
		5,000	11.6991 GBP
		3,865	11.7075 GBP
		3,604	11.7082 GBP
	Opening a short position	44,000	11.4202 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 January 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