Form 8.5 (EPT/RI)-Beazley plc

JPMorgan Securities Plc

05 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:	04 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	6,266,633	12.7076 GBP	12.4000 GBP
	Sale	6,132,933	12.6937 GBP	12.3975 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	799	12.4006 GBP
			5,988	12.4092 GBP
			1,863	12.4451 GBP
			5,051	12.4886 GBP
			38	12.4906 GBP
			183	12.5846 GBP
			34,325	12.6191 GBP
		Decrease Short	1,433	12.3988 GBP
			3,402	12.4000 GBP
			2,825	12.4189 GBP
			3,677	12.4191 GBP
			307	12.4393 GBP
			133	12.4485 GBP
			4,232	12.4498 GBP
			117	12.4500 GBP
			38,615	12.4527 GBP
			26,600	12.4529 GBP
			16,623	12.4544 GBP
			211	12.4588 GBP
			3,839	12.4621 GBP
			262,910	12.4652 GBP
			15,709	12.4777 GBP
			17,209	12.4815 GBP
			900	12.4915 GBP
			639	12.4979 GBP
			685	12.4980 GBP
			294	12.4981 GBP
			18,646	12.5161 GBP
			130	12.5164 GBP
			255,503	12.5612 GBP
			40,290	12.5640 GBP
			396	12.5664 GBP
			6,948	12.5681 GBP
			5,100	12.5691 GBP
			2,364	12.5735 GBP
			696	12.5747 GBP
			1,851	12.5792 GBP
			72,682	12.5836 GBP
			2,594	12.5837 GBP
			134,139	12.5862 GBP
			94,007	12.5866 GBP
			6,109	12.5878 GBP
			33,091	12.5912 GBP
			124	12.5948 GBP
			539	12.5959 GBP
			1,638	12.5986 GBP
			12,540	12.6010 GBP
			925,000	12.6039 GBP
			13,745	12.6072 GBP
			40,427	12.6085 GBP
			197	12.6100 GBP
			8,314	12.6200 GBP
			83,449	12.6251 GBP
			3,636	12.6330 GBP
			44,000	12.6374 GBP
			25,054	12.6381 GBP
			3,445	12.6400 GBP
			86,847	12.6412 GBP
			1,479	12.6500 GBP
			380,000	12.6937 GBP
		Increase Long	3,331	12.3975 GBP
			1,873	12.4751 GBP
			1,970	12.4770 GBP
			2,800	12.6025 GBP
	Increase Short	50,000	12.4009 GBP
		120,000	12.4012 GBP
		13,807	12.4126 GBP
		43,697	12.4207 GBP
		236,712	12.4411 GBP
		83,214	12.4533 GBP
		50,000	12.4679 GBP
		827	12.4695 GBP
		9,147	12.4753 GBP
		500,000	12.4762 GBP
		14,000	12.4825 GBP
		14,424	12.4838 GBP
		100,000	12.4848 GBP
		10,534	12.4895 GBP
		22,014	12.4925 GBP
		237,831	12.5009 GBP
		50,000	12.5063 GBP
		3,168	12.5188 GBP
		10,248	12.5215 GBP
		2,444	12.5309 GBP
		17,335	12.5924 GBP
		124	12.5953 GBP
		630,627	12.5978 GBP
		3,512	12.5981 GBP
		8,135	12.6011 GBP
		11,501	12.6018 GBP
		2,510	12.6025 GBP
		68,184	12.6063 GBP
		627	12.6093 GBP
		32,552	12.6100 GBP
		73,866	12.6163 GBP
		105	12.6210 GBP
		28,840	12.6216 GBP
		136	12.6300 GBP
		86,847	12.6589 GBP
		50,000	12.7076 GBP
	Opening a long position	2,465	12.4747 GBP
		12,586	12.5794 GBP
		15,288	12.5817 GBP
		57,863	12.5959 GBP
		13,545	12.5967 GBP
		22,768	12.5990 GBP
	Opening a short position	60,617	12.4000 GBP
		27,471	12.5579 GBP
		12,709	12.5997 GBP
		24,989	12.6164 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:	05 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