25th Feb 2026 15:00
FORM 8.5 (EPT/NON-RI) | |||||||
Amendment - this form replaces RNS number 8292T published at 08:22 on 20/02/2026 changes made to section 2a and 3a | |||||||
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN | |||||||
EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS | |||||||
(OR WHERE RI STATUS IS NOT APPLICABLE) | |||||||
Rule 8.5 of the Takeover Code (the "Code") | |||||||
1. | KEY INFORMATION | ||||||
(a) | Name of exempt principal trader: |
| BARCLAYS CAPITAL SECURITIES LTD | ||||
(b) | Name of offeror/offeree in relation to whose |
| BEAZLEY PLC | ||||
| relevant securities this form relates: |
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(c) | Name of the party to the offer with which exempt | BEAZLEY PLC | |||||
| principal trader is connected |
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(d) | Date position held/dealing undertaken: |
| 19 Feb 2026 | ||||
(e) | In addition to the company in 1(b) above, is the exempt principal | NO |
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| trader making disclosures in respect of any other party to the offer? |
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2. | POSITIONS OF THE EXEMPT PRINCIPAL TRADER | ||||||
(a) | Interests and short positions in the relevant securities of the offeror or offeree |
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| to which the disclosure relates following the dealing (if any) |
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Class of relevant security: | 5p ordinary | ||||||
| Interests | Short Positions | |||||
| Number | (%) | Number | (%) | |||
(1) | Relevant securities owned |
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| and/or controlled: |
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| 11,585,048 | 1.93% | 4,634,873 | 0.77% |
(2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 202,551 | 0.03% | 10,030,935 | 1.67% |
(3) | Stock-settled derivatives (including options) |
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| and agreements to purchase/sell: |
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| 0 | 0.00% | 0 | 0.00% |
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| TOTAL: |
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| 11,787,599 | 1.97% | 14,665,808 | 2.45% |
(b) | Rights to subscribe for new securities (including directors and other executive |
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| options) |
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Class of relevant security in relation to |
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which subscription right exists |
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Details, including nature of the rights |
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concerned and relevant percentages: |
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3. | DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER | ||||||
(a) | Purchases and sales |
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Class of relevant | Purchase/sale | Total number of | Highest price per unit | Lowest price per unit | |||
security |
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5p ordinary | Purchase | 1,081,689 | 12.3900 GBP | 12.1900 GBP | |||
5p ordinary | Sale | 535,069 | 12.3900 GBP | 12.1900 GBP | |||
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(b) | Cash-settled derivative transactions |
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Class of | Product | Nature of dealing | Number of | Price per | |||
relevant | description |
| reference | unit | |||
security |
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5p ordinary | SWAP | Decreasing Short | 5,625 | 12.1980 GBP | |||
5p ordinary | SWAP | Decreasing Short | 22,544 | 12.2000 GBP | |||
5p ordinary | SWAP | Decreasing Short | 4,688 | 12.2035 GBP | |||
5p ordinary | SWAP | Decreasing Short | 100 | 12.2100 GBP | |||
5p ordinary | SWAP | Decreasing Short | 9 | 12.2123 GBP | |||
5p ordinary | SWAP | Decreasing Short | 74 | 12.2200 GBP | |||
5p ordinary | SWAP | Decreasing Short | 6,908 | 12.2427 GBP | |||
5p ordinary | SWAP | Decreasing Short | 8,438 | 12.2432 GBP | |||
5p ordinary | SWAP | Decreasing Short | 4,856 | 12.2604 GBP | |||
5p ordinary | SWAP | Decreasing Short | 1,738 | 12.2674 GBP | |||
5p ordinary | SWAP | Decreasing Short | 19,688 | 12.2786 GBP | |||
5p ordinary | SWAP | Decreasing Short | 1,546 | 12.2831 GBP | |||
5p ordinary | SWAP | Decreasing Short | 15,927 | 12.2918 GBP | |||
5p ordinary | SWAP | Decreasing Short | 3,913 | 12.2942 GBP | |||
5p ordinary | SWAP | Decreasing Short | 11,355 | 12.3050 GBP | |||
5p ordinary | SWAP | Decreasing Short | 6,369 | 12.3149 GBP | |||
5p ordinary | SWAP | Decreasing Short | 327 | 12.3255 GBP | |||
5p ordinary | SWAP | Decreasing Short | 624 | 12.3261 GBP | |||
5p ordinary | SWAP | Decreasing Short | 71,629 | 12.3287 GBP | |||
5p ordinary | SWAP | Decreasing Short | 28,263 | 12.3294 GBP | |||
5p ordinary | SWAP | Increasing Short | 302,591 | 12.2000 GBP | |||
5p ordinary | SWAP | Increasing Short | 2,200 | 12.2012 GBP | |||
5p ordinary | SWAP | Increasing Short | 50,000 | 12.2029 GBP | |||
5p ordinary | SWAP | Increasing Short | 1,511 | 12.2100 GBP | |||
5p ordinary | SWAP | Increasing Short | 52,342 | 12.2104 GBP | |||
5p ordinary | SWAP | Increasing Short | 557 | 12.2162 GBP | |||
5p ordinary | SWAP | Increasing Short | 30,222 | 12.2185 GBP | |||
5p ordinary | SWAP | Increasing Short | 7 | 12.2188 GBP | |||
5p ordinary | SWAP | Increasing Short | 75,537 | 12.2215 GBP | |||
5p ordinary | SWAP | Increasing Short | 4,887 | 12.2221 GBP | |||
5p ordinary | SWAP | Increasing Short | 14,609 | 12.2267 GBP | |||
5p ordinary | SWAP | Increasing Short | 618 | 12.2300 GBP | |||
5p ordinary | SWAP | Increasing Short | 58,942 | 12.2383 GBP | |||
5p ordinary | SWAP | Increasing Short | 16,907 | 12.2411 GBP | |||
5p ordinary | SWAP | Increasing Short | 107,926 | 12.2576 GBP | |||
5p ordinary | SWAP | Increasing Short | 1,250 | 12.2680 GBP | |||
5p ordinary | SWAP | Increasing Short | 2,082 | 12.2688 GBP | |||
5p ordinary | SWAP | Increasing Short | 144 | 12.2800 GBP | |||
5p ordinary | SWAP | Increasing Short | 4,803 | 12.2971 GBP | |||
5p ordinary | SWAP | Increasing Short | 7,904 | 12.3173 GBP | |||
5p ordinary | SWAP | Increasing Short | 13,458 | 12.3260 GBP | |||
5p ordinary | CFD | Increasing Short | 6,645 | 12.2000 GBP | |||
5p ordinary | CFD | Increasing Short | 2,932 | 12.2460 GBP | |||
5p ordinary | CFD | Increasing Short | 3,167 | 12.2832 GBP | |||
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(c) | Stock-settled derivative transactions (including options) |
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(i) | Writing, selling, purchasing or varying |
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Class | Product | Writing, | Number | Exercise | Type | Expiry | Option |
of | description | purchasing, | of | price |
| date | money |
relevant |
| selling, | securities | per unit |
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security |
| varying etc | to which |
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| received |
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| option |
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| per unit |
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| relates |
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(ii) | Exercising |
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Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
security |
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(d) | Other dealings (including subscribing for new securities) |
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Class of relevant | Nature of Dealings | Details | Price per unit (if | ||||
security |
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4. | OTHER INFORMATION | ||||||
(a) | Indemnity and other dealings arrangements |
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Details of any indemnity or option arrangement, or any agreement or understanding, |
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formal or informal, relating to relevant securities which may be an inducement to deal |
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or refrain from dealing entered into by the exempt principal trader making the disclosure and any party |
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to the offer or any person acting in concert with a party to the offer: |
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NONE | |||||||
(b) | Agreements, arrangements or understandings relating to options or derivatives |
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Details of any agreement, arrangement or understanding, formal or informal, between |
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the exempt principal trader making the disclosure and any other person relating to: |
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(i) the voting rights of any relevant securities under any option; or |
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(ii) the voting rights of future acquisition or disposal of any relevant securities to which |
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any derivative is referenced: |
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NONE | |||||||
(c) | Attachments |
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Is a Supplemental Form 8 (Open Positions) attached? | NO | ||||||
Date of disclosure: | 25 Feb 2026 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
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Related Shares:
BarclaysBeazley