Form 8.5 (EPT/RI)-Beazley plc

JPMorgan Securities Plc

04 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:	03 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	423,651	11.6591 GBP	11.5800 GBP
	Sale	387,691	11.6600 GBP	11.5600 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	107	11.6005 GBP
			26,699	11.6041 GBP
			300	11.6400 GBP
		Decrease Short	4,500	11.5992 GBP
			451	11.5997 GBP
			4,189	11.6000 GBP
			27,181	11.6001 GBP
			4,018	11.6013 GBP
			4,872	11.6034 GBP
			15,112	11.6046 GBP
			6,680	11.6057 GBP
			15,065	11.6060 GBP
			17,498	11.6066 GBP
			2,275	11.6068 GBP
			46,713	11.6072 GBP
			360	11.6088 GBP
			450	11.6094 GBP
			5,750	11.6096 GBP
			19,946	11.6150 GBP
			7,638	11.6169 GBP
			1,242	11.6188 GBP
			21,782	11.6194 GBP
			1,837	11.6199 GBP
			130	11.6200 GBP
			10,724	11.6208 GBP
			4,853	11.6373 GBP
			10,035	11.6423 GBP
			2,255	11.6448 GBP
			919	11.6510 GBP
			366	11.6548 GBP
			872	11.6600 GBP
		Increase Long	13	11.5985 GBP
			329	11.5995 GBP
			5,683	11.6006 GBP
			68	11.6092 GBP
			4,482	11.6103 GBP
			691	11.6108 GBP
			33,294	11.6128 GBP
		Increase Short	7,198	11.5920 GBP
			1,085	11.6000 GBP
			1,384	11.6001 GBP
			760	11.6004 GBP
			14,633	11.6005 GBP
			2,324	11.6012 GBP
			48,182	11.6028 GBP
			498	11.6055 GBP
			24,750	11.6090 GBP
			18,733	11.6096 GBP
			12,535	11.6099 GBP
			51,681	11.6100 GBP
			720	11.6105 GBP
			4,910	11.6107 GBP
			33,825	11.6121 GBP
			4,013	11.6166 GBP
			10,153	11.6170 GBP
			16,827	11.6179 GBP
			622	11.6189 GBP
			3,892	11.6212 GBP
			2,521	11.6281 GBP
			1,155	11.6360 GBP
			424	11.6462 GBP
			2,621	11.6466 GBP
		Opening a long position	10,465	11.6000 GBP
			2,933	11.6094 GBP
		30,912	11.6111 GBP
		242	11.6297 GBP
		36	11.6497 GBP
	Opening a short position	37,815	11.6000 GBP
		6,773	11.6404 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:	04 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