5th Mar 2026 13:44
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: | 03 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 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 | 4,282,317 | 12.9204 GBP | 12.9000 GBP |
| Sale | 4,970,885 | 12.9200 GBP | 12.8973 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 | 333 | 12.9006 GBP |
1,861 | 12.9034 GBP | |||
61 | 12.9051 GBP | |||
46 | 12.9056 GBP | |||
3,339 | 12.9084 GBP | |||
Decrease Short | 62,500 | 12.8973 GBP | ||
1,299 | 12.8987 GBP | |||
51,755 | 12.8994 GBP | |||
9,095 | 12.8996 GBP | |||
5,445 | 12.8997 GBP | |||
676 | 12.8998 GBP | |||
1,175,247 | 12.9000 GBP | |||
58,705 | 12.9001 GBP | |||
8,723 | 12.9002 GBP | |||
39,704 | 12.9003 GBP | |||
237 | 12.9005 GBP | |||
872,941 | 12.9006 GBP | |||
38,486 | 12.9008 GBP | |||
28,548 | 12.9012 GBP | |||
170,899 | 12.9013 GBP | |||
217,876 | 12.9030 GBP | |||
40,504 | 12.9043 GBP | |||
16,685 | 12.9046 GBP | |||
1,574 | 12.9047 GBP | |||
58,076 | 12.9049 GBP | |||
42,886 | 12.9050 GBP | |||
4,467 | 12.9075 GBP | |||
87 | 12.9099 GBP | |||
31,799 | 12.9100 GBP | |||
2,982 | 12.9155 GBP | |||
Increase Long | 56,100 | 12.8991 GBP | ||
68,029 | 12.8992 GBP | |||
309 | 12.8994 GBP | |||
11,300 | 12.9008 GBP | |||
1,441 | 12.9087 GBP | |||
Increase Short | 515,476 | 12.9000 GBP | ||
377 | 12.9003 GBP | |||
2,335 | 12.9005 GBP | |||
1,752 | 12.9017 GBP | |||
32,117 | 12.9022 GBP | |||
5,958 | 12.9023 GBP | |||
21,124 | 12.9026 GBP | |||
74,563 | 12.9036 GBP | |||
447 | 12.9048 GBP | |||
1,574 | 12.9053 GBP | |||
4,345 | 12.9060 GBP | |||
1,299,131 | 12.9090 GBP | |||
116,308 | 12.9121 GBP | |||
130,000 | 12.9129 GBP | |||
633 | 12.9200 GBP | |||
Opening a long position | 33,776 | 12.9022 GBP | ||
13,504 | 12.9093 GBP | |||
473 | 12.9096 GBP | |||
Opening a short position | 295,106 | 12.9000 GBP | ||
3,912 | 12.9004 GBP | |||
19,323 | 12.9032 GBP | |||
4,792 | 12.9157 GBP | |||
17,332 | 12.9204 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: | 05 March 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