Form 8.5 (EPT/RI)-Beazley plc

JPMorgan Securities Plc

14 April 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:	13 April 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	659,031	12.7310 GBP	12.7150 GBP
	Sale	553,041	12.7300 GBP	12.7200 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	23	12.7234 GBP
			1,540	12.7272 GBP
			4,600	12.7274 GBP
			23,520	12.7306 GBP
			165	12.7309 GBP
		Decrease Short	1	12.7223 GBP
			2,296	12.7247 GBP
			819	12.7249 GBP
			4,063	12.7250 GBP
			468	12.7251 GBP
			66,234	12.7257 GBP
			351	12.7270 GBP
			16,574	12.7276 GBP
			7,563	12.7292 GBP
			5,787	12.7295 GBP
			212	12.7298 GBP
			78,074	12.7300 GBP
		Increase Long	5,300	12.7240 GBP
			1	12.7250 GBP
			7,800	12.7255 GBP
		Increase Short	559	12.7203 GBP
			2,083	12.7218 GBP
			916	12.7222 GBP
			1,155	12.7235 GBP
			2,147	12.7249 GBP
			2,607	12.7251 GBP
			1,557	12.7254 GBP
			16,691	12.7264 GBP
			710	12.7269 GBP
			825	12.7270 GBP
			8,226	12.7280 GBP
			3,251	12.7285 GBP
			42,523	12.7293 GBP
			44,343	12.7300 GBP
			1,498	12.7302 GBP
			15,113	12.7303 GBP
			5,214	12.7313 GBP
		Opening a long position	75,000	12.7206 GBP
			75,000	12.7244 GBP
		Opening a short position	58,894	12.7300 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:	14 April 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