16th Mar 2026 13:46
Amendment - due to the amendment of Equity and Derivative transactions, the disclosure made on 09 March for dealings on 06 March have been updated. Section 2(a) and 2(b) have 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: | 06 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 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 | 3,499,733 | 12.9103 GBP | 12.8800 GBP |
5p ordinary | Sales | 1,506,735 | 12.9000 GBP | 12.8850 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 | Increasing a short position | 65 | 12.8836 GBP |
5p ordinary | CFD | Increasing a short position | 3 | 12.8839 GBP |
5p ordinary | CFD | Reducing a short position | 682 | 12.8848 GBP |
5p ordinary | CFD | Increasing a short position | 1,002 | 12.8851 GBP |
5p ordinary | CFD | Increasing a short position | 300,000 | 12.8864 GBP |
5p ordinary | CFD | Reducing a short position | 537 | 12.8872 GBP |
5p ordinary | CFD | Reducing a short position | 107,064 | 12.8875 GBP |
5p ordinary | CFD | Reducing a short position | 3 | 12.8876 GBP |
5p ordinary | CFD | Reducing a short position | 8,927 | 12.8876 GBP |
5p ordinary | CFD | Reducing a short position | 8,914 | 12.8876 GBP |
5p ordinary | CFD | Reducing a short position | 13 | 12.8877 GBP |
5p ordinary | CFD | Reducing a short position | 264 | 12.8880 GBP |
5p ordinary | CFD | Reducing a short position | 116,375 | 12.8884 GBP |
5p ordinary | CFD | Reducing a short position | 798 | 12.8885 GBP |
5p ordinary | CFD | Reducing a short position | 1,679 | 12.8887 GBP |
5p ordinary | CFD | Reducing a short position | 172 | 12.8887 GBP |
5p ordinary | CFD | Reducing a short position | 2,435 | 12.8890 GBP |
5p ordinary | CFD | Increasing a short position | 73 | 12.8896 GBP |
5p ordinary | CFD | Increasing a short position | 663 | 12.8896 GBP |
5p ordinary | CFD | Increasing a short position | 3,911 | 12.8896 GBP |
5p ordinary | CFD | Reducing a short position | 2,392 | 12.8898 GBP |
5p ordinary | CFD | Reducing a short position | 57,313 | 12.8900 GBP |
5p ordinary | CFD | Increasing a short position | 3,264 | 12.8901 GBP |
5p ordinary | CFD | Reducing a short position | 55,624 | 12.8901 GBP |
5p ordinary | CFD | Increasing a short position | 4,253 | 12.8906 GBP |
5p ordinary | CFD | Increasing a short position | 758 | 12.8909 GBP |
5p ordinary | CFD | Reducing a short position | 79,478 | 12.8910 GBP |
5p ordinary | CFD | Increasing a short position | 15,000 | 12.8914 GBP |
5p ordinary | CFD | Increasing a short position | 40,000 | 12.8914 GBP |
5p ordinary | CFD | Increasing a short position | 17,432 | 12.8915 GBP |
5p ordinary | CFD | Increasing a short position | 1,238,503 | 12.8921 GBP |
5p ordinary | CFD | Increasing a short position | 122,489 | 12.8921 GBP |
5p ordinary | CFD | Increasing a short position | 20,711 | 12.8924 GBP |
5p ordinary | CFD | Increasing a short position | 2,763 | 12.8924 GBP |
5p ordinary | CFD | Increasing a short position | 6,898 | 12.8924 GBP |
5p ordinary | CFD | Increasing a short position | 4,743 | 12.8924 GBP |
5p ordinary | CFD | Increasing a short position | 45,391 | 12.8924 GBP |
5p ordinary | CFD | Increasing a short position | 35,576 | 12.8924 GBP |
5p ordinary | CFD | Increasing a short position | 63,326 | 12.8924 GBP |
5p ordinary | CFD | Increasing a short position | 1,000 | 12.8924 GBP |
5p ordinary | CFD | Reducing a long position | 59 | 12.8926 GBP |
5p ordinary | CFD | Reducing a long position | 920 | 12.8926 GBP |
5p ordinary | CFD | Reducing a long position | 1 | 12.8926 GBP |
5p ordinary | CFD | Reducing a short position | 58 | 12.8932 GBP |
5p ordinary | CFD | Increasing a short position | 35,856 | 12.8936 GBP |
5p ordinary | CFD | Increasing a short position | 442,166 | 12.8949 GBP |
5p ordinary | CFD | Increasing a short position | 33 | 12.9001 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: | 16 March 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