3rd Feb 2026 16:53
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: | 30 January 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 | 779,244 | 11.4800 GBP | 11.2500 GBP |
| Sale | 363,146 | 11.5000 GBP | 11.2452 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 | 117,404 180 114 1,593
3,100 1,205 6,610 1,114 17,918 1,274 738 29,784 2,811 367 1,441 1,104 6,499 2,602 6,900 540 163 198 1,500 6,313 173 1,313 5,191 16,796 3,970 10,252 553 8,035 451 3,805 2,565
30 17,212 3,545 303 117,404 41 5,080
350 2,500 2,993 28,397 508 330,581 1,178 1,114 40,059 4,050 5,636 28,090 897 3,621 224 693 41,530 5,656 2,903 4,598 63,888 1,556 9,068 | 11.3300 GBP 11.3305 GBP 11.3309 GBP 11.3610 GBP
11.2452 GBP 11.2766 GBP 11.2783 GBP 11.3097 GBP 11.3159 GBP 11.3233 GBP 11.3289 GBP 11.3300 GBP 11.3340 GBP 11.3440 GBP 11.3459 GBP 11.3485 GBP 11.3641 GBP 11.3765 GBP 11.3769 GBP 11.3771 GBP 11.3788 GBP 11.3815 GBP 11.3936 GBP 11.4123 GBP 11.4148 GBP 11.4190 GBP 11.4257 GBP 11.4419 GBP 11.4466 GBP 11.4488 GBP 11.4519 GBP 11.4576 GBP 11.4697 GBP 11.4800 GBP 11.4991 GBP
11.3163 GBP 11.3286 GBP 11.3294 GBP 11.3295 GBP 11.3300 GBP 11.3751 GBP 11.3752 GBP
11.2523 GBP 11.2567 GBP 11.2753 GBP 11.2764 GBP 11.2767 GBP 11.2812 GBP 11.2902 GBP 11.3103 GBP 11.3300 GBP 11.3309 GBP 11.3311 GBP 11.3434 GBP 11.3481 GBP 11.3675 GBP 11.3703 GBP 11.3738 GBP 11.3776 GBP 11.3795 GBP 11.3865 GBP 11.4299 GBP 11.4511 GBP 11.4519 GBP 11.4533 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
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(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
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| Date of disclosure: | 03 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