4th Feb 2026 17:43
AMENDMENT
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: | 02 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 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 | 1,145,453 | 11.7600 GBP | 11.4300 GBP |
| Sale | 1,062,978 | 11.7194 GBP | 11.4000 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
Decrease Short
Increase Long
Increase Short
Opening a long position
Opening a short position | 219 1,237 28,533 1
3,600 47,435 641 2,689 40 192 6,078 5,277 3,759 1,155 54 943 806 34,312 2,282 192 1,038 25,152 4,258 9,181 1,865 9,097 4,400 184 198 129 8,856 15 4,083 1,155 3,169 888 11,445 722 603 7,831
18 2,099 7,081 936 400
13,573 6,686 639 2,798 30 1,194 2,373 6,975 1,634 1,089 987 1,888 26,320 25,311 4,686 29,177 8,342 5,799 94,805 814 34,791 191 853
18,083 11,930 33,508 10,816 1,779
6,467 9,267 1,818 1,081 57,483 | 11.5860 GBP 11.6147 GBP 11.6805 GBP 11.7200 GBP
11.5027 GBP 11.5203 GBP 11.5382 GBP 11.5504 GBP 11.5777 GBP 11.5800 GBP 11.5862 GBP 11.6019 GBP 11.6128 GBP 11.6170 GBP 11.6199 GBP 11.6200 GBP 11.6297 GBP 11.6329 GBP 11.6347 GBP 11.6400 GBP 11.6413 GBP 11.6438 GBP 11.6469 GBP 11.6486 GBP 11.6523 GBP 11.6572 GBP 11.6592 GBP 11.6634 GBP 11.6640 GBP 11.6645 GBP 11.6711 GBP 11.6724 GBP 11.6767 GBP 11.6788 GBP 11.6800 GBP 11.6899 GBP 11.6995 GBP 11.7024 GBP 11.7182 GBP 11.7491 GBP
11.4839 GBP 11.6507 GBP 11.6684 GBP 11.6791 GBP 11.7050 GBP
11.5325 GBP 11.5785 GBP 11.5953 GBP 11.6003 GBP 11.6157 GBP 11.6158 GBP 11.6162 GBP 11.6206 GBP 11.6240 GBP 11.6333 GBP 11.6512 GBP 11.6570 GBP 11.6603 GBP 11.6647 GBP 11.6746 GBP 11.6768 GBP 11.6776 GBP 11.6798 GBP 11.6800 GBP 11.6830 GBP 11.6864 GBP 11.6912 GBP 11.7376 GBP
11.4013 GBP 11.5134 GBP 11.6526 GBP 11.6800 GBP 11.7000 GBP
11.4827 GBP 11.5619 GBP 11.6504 GBP 11.6506 GBP 11.6800 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) |
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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: | 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 +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
Related Shares:
Beazley