9th Feb 2026 14:56
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: | 05 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 | 1,630,423 | 12.4300 GBP | 12.3400 GBP |
| Sale | 1,625,249 | 12.4132 GBP | 12.3400 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
| 5 2,447 476 55
277 1,551 7,147 73 2,084 148 15,264 2,161 31,438 642 32,235 10,774 4,296 13,653 52,890 41,046 1,420 9,015 846 59,142 12,747 33,220 5,371 1,592 11,495 12,377 1,883 68,375 1,820 22,947 69,432 4,867 184 42 31,510 9,635 3,200 77
1,549 8,773 4,892 766 40,230 1,898 800
16,235 4,024 47,212 18,107 68,793 1,656 512 14,404 7,608 7 38,613 31,584 40,408 3,426 2,803 19,476 290 28,712 4,232 11,804 1,657 11,513
689
2,875 263,000 2,221 | 12.3546 GBP 12.3584 GBP 12.3609 GBP 12.3802 GBP
12.3412 GBP 12.3533 GBP 12.3541 GBP 12.3553 GBP 12.3565 GBP 12.3570 GBP 12.3586 GBP 12.3588 GBP 12.3591 GBP 12.3599 GBP 12.3600 GBP 12.3612 GBP 12.3631 GBP 12.3632 GBP 12.3633 GBP 12.3636 GBP 12.3643 GBP 12.3644 GBP 12.3646 GBP 12.3650 GBP 12.3656 GBP 12.3679 GBP 12.3693 GBP 12.3700 GBP 12.3705 GBP 12.3720 GBP 12.3726 GBP 12.3732 GBP 12.3735 GBP 12.3761 GBP 12.3789 GBP 12.3794 GBP 12.3796 GBP 12.3800 GBP 12.3824 GBP 12.3825 GBP 12.3980 GBP 12.4039 GBP
12.3425 GBP 12.3532 GBP 12.3561 GBP 12.3594 GBP 12.3617 GBP 12.3631 GBP 12.3975 GBP
12.3530 GBP 12.3544 GBP 12.3553 GBP 12.3589 GBP 12.3600 GBP 12.3603 GBP 12.3604 GBP 12.3606 GBP 12.3610 GBP 12.3614 GBP 12.3618 GBP 12.3631 GBP 12.3724 GBP 12.3766 GBP 12.3785 GBP 12.3828 GBP 12.3829 GBP 12.3830 GBP 12.3866 GBP 12.4011 GBP 12.4235 GBP 12.4299 GBP
12.3391 GBP
12.3609 GBP 12.3855 GBP 12.3874 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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|
|
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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: | 09 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