Form 8.5 (EPT/RI)-Beazley plc

JPMorgan Securities Plc

06 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:	05 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	1,546,186	12.4300 GBP	12.3400 GBP
	Sale	1,615,788	12.4132 GBP	12.3400 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	5	12.3546 GBP
			2,447	12.3584 GBP
			476	12.3609 GBP
			55	12.3802 GBP
		Decrease Short	277	12.3412 GBP
			1,551	12.3533 GBP
			7,147	12.3541 GBP
			73	12.3553 GBP
			2,084	12.3565 GBP
			148	12.3570 GBP
			15,264	12.3586 GBP
			2,161	12.3588 GBP
			31,438	12.3591 GBP
			642	12.3599 GBP
			32,235	12.3600 GBP
			10,774	12.3612 GBP
			4,296	12.3631 GBP
			13,653	12.3632 GBP
			52,890	12.3633 GBP
			41,046	12.3636 GBP
			1,420	12.3643 GBP
			9,015	12.3644 GBP
			846	12.3646 GBP
			59,142	12.3650 GBP
			12,747	12.3656 GBP
			33,220	12.3679 GBP
			5,371	12.3693 GBP
			1,592	12.3700 GBP
			11,495	12.3705 GBP
			12,377	12.3720 GBP
			1,883	12.3726 GBP
			68,375	12.3732 GBP
			1,820	12.3735 GBP
			22,947	12.3761 GBP
			69,432	12.3789 GBP
			4,867	12.3794 GBP
			184	12.3796 GBP
			42	12.3800 GBP
			31,510	12.3824 GBP
			9,635	12.3825 GBP
			3,200	12.3980 GBP
			77	12.4039 GBP
		Increase Long	1,549	12.3425 GBP
			4,892	12.3561 GBP
			766	12.3594 GBP
			40,230	12.3617 GBP
			1,898	12.3631 GBP
			800	12.3975 GBP
		Increase Short	16,235	12.3530 GBP
			4,024	12.3544 GBP
			47,212	12.3553 GBP
			18,107	12.3589 GBP
			68,793	12.3600 GBP
			1,656	12.3603 GBP
			512	12.3604 GBP
			14,404	12.3606 GBP
			7,608	12.3610 GBP
			7	12.3614 GBP
			38,613	12.3618 GBP
			3,426	12.3766 GBP
			2,803	12.3785 GBP
			7,521	12.3828 GBP
			4,232	12.3866 GBP
			11,804	12.4011 GBP
		1,657	12.4235 GBP
		11,513	12.4299 GBP
	Opening a long position	689	12.3391 GBP
	Opening a short position	2,875	12.3609 GBP
		263,000	12.3855 GBP
		2,221	12.3874 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:	06 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