4th Feb 2026 12:25
Amendment - due to the amendment of Derivative transactions, the disclosure made on 04th February 2026 for dealings on 03rd February 2026 has been updated. Section 2(b) has been updated.
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: | (GS) GOLDMAN SACHS INTERNATIONAL |
(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: | ZURICH INSURANCE GROUP LTD |
(d) Date dealing undertaken: | 03 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 the 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 | Purchases | 871,957 | 11.6500 GBP | 11.5700 GBP |
5p ordinary | Sales | 759,059 | 11.7141 GBP | 11.5800 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 | CFD | Reducing a short position | 205 | 11.5927 GBP |
5p ordinary | CFD | Increasing a short position | 48 | 11.5966 GBP |
5p ordinary | CFD | Increasing a short position | 24,045 | 11.6002 GBP |
5p ordinary | CFD | Opening a short position | 4,279 | 11.6014 GBP |
5p ordinary | CFD | Increasing a short position | 788 | 11.6017 GBP |
5p ordinary | CFD | Reducing a long position | 1,271 | 11.6023 GBP |
5p ordinary | CFD | Increasing a short position | 33,805 | 11.6038 GBP |
5p ordinary | CFD | Reducing a short position | 79 | 11.6038 GBP |
5p ordinary | CFD | Reducing a short position | 41,101 | 11.6054 GBP |
5p ordinary | CFD | Reducing a short position | 50 | 11.6054 GBP |
5p ordinary | CFD | Increasing a short position | 8,637 | 11.6074 GBP |
5p ordinary | CFD | Increasing a short position | 5,521 | 11.6088 GBP |
5p ordinary | CFD | Reducing a short position | 2,760 | 11.6091 GBP |
5p ordinary | CFD | Reducing a short position | 65 | 11.6094 GBP |
5p ordinary | CFD | Reducing a short position | 2,465 | 11.6094 GBP |
5p ordinary | CFD | Reducing a short position | 66 | 11.6094 GBP |
5p ordinary | CFD | Reducing a short position | 92 | 11.6094 GBP |
5p ordinary | CFD | Reducing a short position | 99 | 11.6094 GBP |
5p ordinary | CFD | Reducing a short position | 4,253 | 11.6098 GBP |
5p ordinary | CFD | Reducing a short position | 16,552 | 11.6100 GBP |
5p ordinary | CFD | Increasing a short position | 19,009 | 11.6103 GBP |
5p ordinary | CFD | Reducing a short position | 4,738 | 11.6104 GBP |
5p ordinary | CFD | Increasing a short position | 1,447 | 11.6105 GBP |
5p ordinary | CFD | Increasing a short position | 469 | 11.6123 GBP |
5p ordinary | CFD | Increasing a short position | 1,250 | 11.6123 GBP |
5p ordinary | CFD | Increasing a short position | 2,600 | 11.6149 GBP |
5p ordinary | CFD | Reducing a short position | 10,256 | 11.6161 GBP |
5p ordinary | CFD | Reducing a short position | 26,035 | 11.6161 GBP |
5p ordinary | CFD | Increasing a short position | 215 | 11.6163 GBP |
5p ordinary | CFD | Opening a short position | 15,000 | 11.6173 GBP |
5p ordinary | CFD | Reducing a short position | 13,497 | 11.6209 GBP |
5p ordinary | CFD | Increasing a short position | 6,174 | 11.6212 GBP |
5p ordinary | CFD | Increasing a short position | 314 | 11.6215 GBP |
5p ordinary | CFD | Reducing a short position | 5,202 | 11.6235 GBP |
5p ordinary | CFD | Reducing a long position | 15,823 | 11.6323 GBP |
5p ordinary | CFD | Increasing a short position | 29,678 | 11.6343 GBP |
5p ordinary | CFD | Increasing a short position | 10 | 11.6412 GBP |
5p ordinary | CFD | Increasing a short position | 7,094 | 11.6445 GBP |
5p ordinary | CFD | Increasing a short position | 144 | 11.6462 GBP |
5p ordinary | CFD | Increasing a short position | 937 | 11.6523 GBP |
5p ordinary | CFD | Increasing a short position | 2,500 | 11.6523 GBP |
5p ordinary | CFD | Opening a long position | 1,155 | 11.7141 GBP |
5p ordinary | SWAP^ | Reducing a long position | 1,336,182 | 11.6200 GBP |
5p ordinary | SWAP | Reducing a short position | 12,000 | 15.8092 USD |
^Please note this product is part of a basket of securities for which BEAZLEY PLC is a component
(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: | 04 February 2026 |
| Contact name: | Papa Lette and Andrzej Szyszka |
| Telephone number: | +33(1) 4212 1459 / +48(22) 317 4817 |
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 disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
Related Shares:
Beazley