15th Apr 2026 11:55
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: | UBS Investment Bank, London |
(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: | Zurich Insurance Group Ltd |
(d) Date dealing undertaken: | 14 April 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" | NO
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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 | Buy
| 153405 | 12.75576 GBP | 12.73500 GBP |
5p Ordinary | Sell
| 134221 | 12.73500 GBP | 12.71590 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 | CFD
| Increasing a long position | 18291 | 12.7349997266415 GBP |
5p Ordinary | CFD
| Increasing a long position | 337 | 12.735 GBP |
5p Ordinary | CFD
| Increasing a long position | 11190 | 12.715897 GBP |
5p Ordinary | CFD
| Increasing a long position | 2691 | 12.7350018580453 GBP |
5p Ordinary | CFD
| Increasing a long position | 66801 | 12.7349999251508 GBP |
5p Ordinary | CFD
| Increasing a long position | 33767 | 12.7349998519264 GBP |
5p Ordinary | CFD
| Reducing a long position | 3532 | 12.7382644394111 GBP |
5p Ordinary | CFD
| Reducing a long position | 3088 | 12.7407642487047 GBP |
5p Ordinary | CFD
| Reducing a long position | 2978 | 12.7382639355272 GBP |
5p Ordinary | CFD
| Reducing a long position | 2863 | 12.7468843870066 GBP |
5p Ordinary | CFD
| Reducing a long position | 2690 | 12.7557657992565 GBP |
5p Ordinary | CFD
| Reducing a long position | 2474 | 12.7407639450283 GBP |
5p Ordinary | CFD
| Reducing a long position | 2195 | 12.7557630979499 GBP |
5p Ordinary | CFD
| Reducing a long position | 2097 | 12.7382641869337 GBP |
5p Ordinary | CFD
| Reducing a long position | 1612 | 12.7382630272953 GBP |
5p Ordinary | CFD
| Reducing a long position | 1559 | 12.750763309814 GBP |
5p Ordinary | CFD
| Reducing a long position | 1552 | 12.7382667525773 GBP |
5p Ordinary | CFD
| Reducing a long position | 1453 | 12.7407639366827 GBP |
5p Ordinary | CFD
| Reducing a long position | 1130 | 12.7455044247788 GBP |
5p Ordinary | CFD
| Reducing a long position | 831 | 12.750770156438 GBP |
5p Ordinary | CFD
| Reducing a long position | 234 | 12.7382478632479 GBP |
5p Ordinary | CFD
| Reducing a long position | 55 | 12.7358181818182 GBP |
5p Ordinary | CFD
| Reducing a long position | 989 | 12.7382608695652 GBP |
5p Ordinary | CFD
| Reducing a long position | 806 | 12.7432630272953 GBP |
5p Ordinary | CFD
| Reducing a long position | 615 | 12.7432682926829 GBP |
5p Ordinary | CFD
| Reducing a long position | 615 | 12.7507642276423 GBP |
5p Ordinary | CFD
| Reducing a long position | 469 | 12.7432622601279 GBP |
5p Ordinary | CFD
| Reducing a long position | 54 | 12.7357407407407 GBP |
5p Ordinary | CFD
| Reducing a long position | 10 | 12.736 GBP |
5p Ordinary | CFD
| Reducing a long position | 615 | 12.735756097561 GBP |
5p Ordinary | CFD
| Reducing a long position | 17760 | 12.745196509009 GBP |
5p Ordinary | CFD
| Reducing a long position | 7247 | 12.7432647992273 GBP |
5p Ordinary | CFD
| Reducing a long position | 4798 | 12.7440787828262 GBP |
5p Ordinary | CFD
| Reducing a long position | 4290 | 12.7501864801865 GBP |
5p Ordinary | CFD
| Reducing a long position | 2822 | 12.7432636428065 GBP |
5p Ordinary | CFD
| Reducing a long position | 2207 | 12.7496601721794 GBP |
5p Ordinary | CFD
| Reducing a long position | 2027 | 12.7459940799211 GBP |
5p Ordinary | CFD
| Reducing a long position | 1297 | 12.738265227448 GBP |
5p Ordinary | CFD
| Reducing a long position | 1235 | 12.7382672064777 GBP |
5p Ordinary | CFD
| Reducing a long position | 1230 | 12.7488861788618 GBP |
5p Ordinary | CFD
| Reducing a long position | 1191 | 12.7382619647355 GBP |
5p Ordinary | CFD
| Reducing a long position | 1158 | 12.7382642487047 GBP |
5p Ordinary | CFD
| Reducing a long position | 36301 | 12.7349998622628 GBP |
5p Ordinary | CFD
| Reducing a long position | 1921 | 12.7457626236335 GBP |
5p Ordinary | CFD
| Reducing a long position | 1182 | 12.7357614213198 GBP |
5p Ordinary | CFD
| Reducing a long position | 1003 | 12.7404885343968 GBP |
5p Ordinary | CFD
| Reducing a long position | 767 | 12.7482659713168 GBP |
5p Ordinary | CFD
| Reducing a long position | 760 | 12.7450394736842 GBP |
5p Ordinary | CFD
| Reducing a long position | 142 | 12.7382394366197 GBP |
5p Ordinary | CFD
| Reducing a long position | 139 | 12.738273381295 GBP |
5p Ordinary | CFD
| Reducing a long position | 23747 | 12.7407643070704 GBP |
5p Ordinary | CFD
| Reducing a long position | 4160 | 12.7454375 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 |
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(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 |
| Date of disclosure: | 15 April 2026 |
| Contact name: | Richard Howard |
| Telephone number: | +44 (0)207 568 9128 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [email protected]
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