Form 8.5 (EPT/RI)-Beazley plc

JPMorgan Securities Plc

09 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:	06 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	1,551,950	12.4800 GBP	12.3200 GBP
	Sale	705,827	12.4907 GBP	12.3200 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	162,973	12.3600 GBP
			3,550	12.3606 GBP
			19,954	12.3619 GBP
			6,579	12.3678 GBP
			108	12.4002 GBP
			252	12.4256 GBP
		Decrease Short	85	12.3348 GBP
			5,193	12.3600 GBP
			5,175	12.3612 GBP
			88	12.3620 GBP
			23,901	12.3651 GBP
			2,983	12.3669 GBP
			9,309	12.3708 GBP
			12,307	12.3717 GBP
			6,148	12.3764 GBP
			44,810	12.3765 GBP
			3,417	12.3770 GBP
			374	12.3776 GBP
			1,494	12.3800 GBP
			23,520	12.3810 GBP
			74	12.3905 GBP
			3,797	12.3930 GBP
			53	12.3998 GBP
			20,644	12.4045 GBP
			73	12.4048 GBP
			6,016	12.4128 GBP
			444	12.4133 GBP
			995	12.4158 GBP
			5,074	12.4368 GBP
			126	12.4514 GBP
			557	12.4515 GBP
			6,700	12.4821 GBP
			5,356	12.4907 GBP
		Increase Long	11,790	12.3590 GBP
			697	12.3594 GBP
			131,368	12.3600 GBP
			15,020	12.3788 GBP
			24	12.3884 GBP
			10,941	12.3896 GBP
			4,103	12.3910 GBP
			2,946	12.4190 GBP
		Increase Short	88	12.3376 GBP
			332,278	12.3600 GBP
			43,048	12.3602 GBP
			426	12.3612 GBP
			20,140	12.3631 GBP
			14,186	12.3632 GBP
			24,288	12.3662 GBP
			191,790	12.3687 GBP
			4,052	12.3720 GBP
			430	12.3747 GBP
			186,625	12.3753 GBP
			5,921	12.3797 GBP
			19,348	12.3807 GBP
			67	12.3812 GBP
			158	12.3814 GBP
			10,414	12.3878 GBP
			5,000	12.3954 GBP
			29,877	12.3959 GBP
			4,553	12.4025 GBP
			7,588	12.4134 GBP
			8,703	12.4225 GBP
			5,513	12.4264 GBP
			50,000	12.4350 GBP
		43,929	12.4545 GBP
		2,756	12.4547 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:	09 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