Form 8.5 (EPT/RI)-Beazley plc

JPMorgan Securities Plc

24 March 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:	23 March 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	5,778,142	12.6700 GBP	12.6400 GBP
	Sale	5,728,024	12.6700 GBP	12.6375 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	25,139	12.6400 GBP
			504	12.6404 GBP
			277	12.6406 GBP
			70,306	12.6419 GBP
			3,069	12.6428 GBP
			82	12.6450 GBP
			46,676	12.6454 GBP
			10,302	12.6471 GBP
			140	12.6500 GBP
			502	12.6588 GBP
			300	12.6600 GBP
			17	12.6612 GBP
		Decrease Short	1,654	12.6372 GBP
			3,351	12.6375 GBP
			123	12.6387 GBP
			44,548	12.6400 GBP
			778	12.6415 GBP
			14,893	12.6418 GBP
			813	12.6422 GBP
			36,290	12.6432 GBP
			176	12.6436 GBP
			2,457	12.6497 GBP
			3,297	12.6519 GBP
			6,687	12.6528 GBP
		Increase Long	1,797	12.6391 GBP
			25,354	12.6393 GBP
			9,089	12.6400 GBP
			2,400	12.6429 GBP
			690	12.6432 GBP
			6,259	12.6442 GBP
			4,930	12.6475 GBP
			70,379	12.6495 GBP
			7,098	12.6500 GBP
			605	12.6502 GBP
			7,722	12.6508 GBP
			896	12.6538 GBP
			8,203	12.6549 GBP
			553	12.6600 GBP
			2,700	12.6603 GBP
		Increase Short	58,630	12.6400 GBP
			17,037	12.6461 GBP
			850	12.6467 GBP
			1	12.6495 GBP
			316	12.6501 GBP
			17,369	12.6507 GBP
			681	12.6519 GBP
			280	12.6521 GBP
			38,315	12.6522 GBP
			2,963	12.6601 GBP
		Opening a long position	12,907	12.6436 GBP
		Opening a short position	58,356	12.6400 GBP
			3,755	12.6414 GBP
			1,608	12.6488 GBP
			14,521	12.6496 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:	24 March 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