Form 8.5 (EPT/RI)-Beazley plc

JPMorgan Securities Plc

03 February 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:	02 February 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	1,139,591	11.7600 GBP	11.4300 GBP
	Sale	1,056,501	11.7194 GBP	11.4000 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	219	11.5860 GBP
			1,237	11.6147 GBP
			28,533	11.6805 GBP
			1	11.7200 GBP
		Decrease Short	3,600	11.5027 GBP
			47,435	11.5203 GBP
			641	11.5382 GBP
			2,689	11.5504 GBP
			40	11.5777 GBP
			192	11.5800 GBP
			6,078	11.5862 GBP
			5,277	11.6019 GBP
			3,759	11.6128 GBP
			1,155	11.6170 GBP
			54	11.6199 GBP
			943	11.6200 GBP
			806	11.6297 GBP
			34,312	11.6329 GBP
			2,282	11.6347 GBP
			192	11.6400 GBP
			1,038	11.6413 GBP
			25,152	11.6438 GBP
			4,258	11.6469 GBP
			9,181	11.6486 GBP
			1,865	11.6523 GBP
			9,097	11.6572 GBP
			4,400	11.6592 GBP
			184	11.6634 GBP
			198	11.6640 GBP
			129	11.6645 GBP
			8,856	11.6711 GBP
			15	11.6724 GBP
			1,155	11.6788 GBP
			3,169	11.6800 GBP
			888	11.6899 GBP
			11,445	11.6995 GBP
			603	11.7182 GBP
			7,831	11.7491 GBP
		Increase Long	18	11.4839 GBP
			2,099	11.6507 GBP
			7,081	11.6684 GBP
			936	11.6791 GBP
			400	11.7050 GBP
		Increase Short	13,573	11.5325 GBP
			6,686	11.5785 GBP
			639	11.5953 GBP
			2,373	11.6162 GBP
			6,975	11.6206 GBP
			1,634	11.6240 GBP
			1,089	11.6333 GBP
			1,888	11.6570 GBP
			26,320	11.6603 GBP
			25,311	11.6647 GBP
			4,686	11.6746 GBP
			29,177	11.6768 GBP
			8,342	11.6776 GBP
			5,799	11.6798 GBP
			94,805	11.6800 GBP
			814	11.6830 GBP
			34,791	11.6864 GBP
			191	11.6912 GBP
		Opening a long position	18,083	11.4013 GBP
			11,930	11.5134 GBP
			33,508	11.6526 GBP
		10,816	11.6800 GBP
		1,779	11.7000 GBP
	Opening a short position	6,467	11.4827 GBP
		9,267	11.5619 GBP
		1,818	11.6504 GBP
		1,081	11.6506 GBP
		57,483	11.6800 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:	03 February 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