Form 8.5 (EPT/RI)-Beazley plc

JPMorgan Securities Plc

10 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:	09 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	860,822	12.4800 GBP	12.3800 GBP
	Sale	872,278	12.4800 GBP	12.3844 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	18,933	12.4116 GBP
			26,423	12.4492 GBP
			1,067	12.4506 GBP
			2,562	12.4509 GBP
		Decrease Short	2,186	12.3891 GBP
			3,831	12.4105 GBP
			20,554	12.4128 GBP
			939	12.4164 GBP
			15,858	12.4172 GBP
			38,195	12.4186 GBP
			14,200	12.4191 GBP
			2	12.4198 GBP
			2,659	12.4200 GBP
			6,444	12.4208 GBP
			5,753	12.4247 GBP
			2	12.4250 GBP
			5,403	12.4270 GBP
			1,543	12.4280 GBP
			35	12.4350 GBP
			4,375	12.4364 GBP
			18,260	12.4376 GBP
			14,701	12.4392 GBP
			8	12.4400 GBP
			1,096	12.4409 GBP
			8,417	12.4413 GBP
			500	12.4441 GBP
			2,733	12.4470 GBP
			71,240	12.4484 GBP
			3,181	12.4487 GBP
			495	12.4498 GBP
			12,765	12.4500 GBP
		Increase Long	36	12.4022 GBP
			3,211	12.4187 GBP
			904	12.4311 GBP
			6,753	12.4475 GBP
			2,319	12.4481 GBP
			767	12.4491 GBP
			49	12.4494 GBP
		Increase Short	415	12.3802 GBP
			1	12.3900 GBP
			4,977	12.4010 GBP
			134	12.4021 GBP
			3,014	12.4046 GBP
			25,075	12.4063 GBP
			840	12.4101 GBP
			8,483	12.4124 GBP
			562	12.4200 GBP
			2	12.4203 GBP
			14,954	12.4212 GBP
			9,820	12.4217 GBP
			3,137	12.4413 GBP
			63,738	12.4499 GBP
			28,744	12.4500 GBP
			200	12.4502 GBP
			26	12.4513 GBP
			3,311	12.4587 GBP
		Opening a long position	21,975	12.3868 GBP
			6,592	12.4125 GBP
			116,583	12.4500 GBP
		Opening a short position	3,275	12.4204 GBP
			80	12.4229 GBP
			141,795	12.4500 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:	10 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