6th Feb 2026 15:54
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: | 04 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 | 6,346,228 | 12.7076 GBP | 12.4000 GBP |
| Sale | 6,132,933 | 12.6937 GBP | 12.3975 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 | 799 5,988 1,863 5,051 38 183 34,325
1,433 3,402 2,825 3,677 307 133 4,232 117 38,615 26,600 16,623 211 3,839 262,910 15,709 17,209 900 639 685 294 18,646 130 255,503 40,290 396 6,948 5,100 2,364 696 1,851 72,682 2,594 134,139 94,007 6,109 33,091 124 539 1,638 12,540 925,000 13,745 40,427 197 8,314 83,449 3,636 44,000 25,054 3,445 86,847 1,479 380,000
3,331 1,873 1,970 2,800
50,000 120,000 13,807 43,697 236,712 83,214 50,000 827 9,147 500,000 14,000 14,424 100,000 10,534 22,014 237,831 50,000 3,168 10,248 2,444 17,335 124 630,627 3,512 8,135 11,501 2,510 68,184 627 32,552 73,866 105 28,840 136 86,847 50,000
2,465 12,586 15,288 57,863 13,545 22,768
60,617 27,471 12,709 24,989 | 12.4006 GBP 12.4092 GBP 12.4451 GBP 12.4886 GBP 12.4906 GBP 12.5846 GBP 12.6191 GBP
12.3988 GBP 12.4000 GBP 12.4189 GBP 12.4191 GBP 12.4393 GBP 12.4485 GBP 12.4498 GBP 12.4500 GBP 12.4527 GBP 12.4529 GBP 12.4544 GBP 12.4588 GBP 12.4621 GBP 12.4652 GBP 12.4777 GBP 12.4815 GBP 12.4915 GBP 12.4979 GBP 12.4980 GBP 12.4981 GBP 12.5161 GBP 12.5164 GBP 12.5612 GBP 12.5640 GBP 12.5664 GBP 12.5681 GBP 12.5691 GBP 12.5735 GBP 12.5747 GBP 12.5792 GBP 12.5836 GBP 12.5837 GBP 12.5862 GBP 12.5866 GBP 12.5878 GBP 12.5912 GBP 12.5948 GBP 12.5959 GBP 12.5986 GBP 12.6010 GBP 12.6039 GBP 12.6072 GBP 12.6085 GBP 12.6100 GBP 12.6200 GBP 12.6251 GBP 12.6330 GBP 12.6374 GBP 12.6381 GBP 12.6400 GBP 12.6412 GBP 12.6500 GBP 12.6937 GBP
12.3975 GBP 12.4751 GBP 12.4770 GBP 12.6025 GBP
12.4009 GBP 12.4012 GBP 12.4126 GBP 12.4207 GBP 12.4411 GBP 12.4533 GBP 12.4679 GBP 12.4695 GBP 12.4753 GBP 12.4762 GBP 12.4825 GBP 12.4838 GBP 12.4848 GBP 12.4895 GBP 12.4925 GBP 12.5009 GBP 12.5063 GBP 12.5188 GBP 12.5215 GBP 12.5309 GBP 12.5924 GBP 12.5953 GBP 12.5978 GBP 12.5981 GBP 12.6011 GBP 12.6018 GBP 12.6025 GBP 12.6063 GBP 12.6093 GBP 12.6100 GBP 12.6163 GBP 12.6210 GBP 12.6216 GBP 12.6300 GBP 12.6589 GBP 12.7076 GBP
12.4747 GBP 12.5794 GBP 12.5817 GBP 12.5959 GBP 12.5967 GBP 12.5990 GBP
12.4000 GBP 12.5579 GBP 12.5997 GBP 12.6164 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: | 06 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