6th Feb 2026 15:19
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: | (GS) GOLDMAN SACHS INTERNATIONAL |
(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: | 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 the 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 | Purchases | 4,428,371 | 12.4637 GBP | 12.3400 GBP |
5p ordinary | Sales | 2,725,115 | 12.4200 GBP | 12.3450 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 short position | 9,554 | 12.3525 GBP |
5p ordinary | CFD | Increasing a short position | 10,000 | 12.3530 GBP |
5p ordinary | CFD | Increasing a short position | 10,000 | 12.3534 GBP |
5p ordinary | CFD | Reducing a short position | 35,853 | 12.3535 GBP |
5p ordinary | CFD | Reducing a short position | 34,521 | 12.3535 GBP |
5p ordinary | CFD | Increasing a short position | 2,500 | 12.3537 GBP |
5p ordinary | CFD | Increasing a short position | 15,000 | 12.3537 GBP |
5p ordinary | CFD | Increasing a short position | 10,446 | 12.3537 GBP |
5p ordinary | CFD | Increasing a short position | 20,000 | 12.3537 GBP |
5p ordinary | CFD | Increasing a short position | 36,100 | 12.3540 GBP |
5p ordinary | CFD | Reducing a short position | 86 | 12.3541 GBP |
5p ordinary | CFD | Reducing a short position | 870 | 12.3576 GBP |
5p ordinary | CFD | Reducing a short position | 14,628 | 12.3578 GBP |
5p ordinary | CFD | Reducing a short position | 40,078 | 12.3578 GBP |
5p ordinary | CFD | Reducing a short position | 4,913 | 12.3578 GBP |
5p ordinary | CFD | Reducing a short position | 32,093 | 12.3581 GBP |
5p ordinary | CFD | Reducing a short position | 428 | 12.3582 GBP |
5p ordinary | CFD | Reducing a short position | 532 | 12.3583 GBP |
5p ordinary | CFD | Increasing a short position | 715,562 | 12.3594 GBP |
5p ordinary | CFD | Reducing a short position | 848 | 12.3595 GBP |
5p ordinary | CFD | Reducing a short position | 1,008 | 12.3595 GBP |
5p ordinary | CFD | Opening a long position | 787 | 12.3600 GBP |
5p ordinary | CFD | Increasing a short position | 300 | 12.3600 GBP |
5p ordinary | CFD | Increasing a short position | 434 | 12.3600 GBP |
5p ordinary | CFD | Increasing a short position | 3,225 | 12.3600 GBP |
5p ordinary | CFD | Increasing a long position | 13,447 | 12.3600 GBP |
5p ordinary | CFD | Reducing a short position | 17,406 | 12.3600 GBP |
5p ordinary | CFD | Reducing a long position | 2,720 | 12.3600 GBP |
5p ordinary | CFD | Reducing a long position | 11,514 | 12.3600 GBP |
5p ordinary | CFD | Increasing a short position | 1,856 | 12.3600 GBP |
5p ordinary | CFD | Increasing a short position | 329 | 12.3602 GBP |
5p ordinary | CFD | Reducing a short position | 15,162 | 12.3611 GBP |
5p ordinary | CFD | Reducing a long position | 17,720 | 12.3616 GBP |
5p ordinary | CFD | Reducing a short position | 2,615 | 12.3619 GBP |
5p ordinary | CFD | Reducing a long position | 322 | 12.3625 GBP |
5p ordinary | CFD | Reducing a long position | 1,176 | 12.3625 GBP |
5p ordinary | CFD | Reducing a long position | 310 | 12.3625 GBP |
5p ordinary | CFD | Reducing a long position | 398 | 12.3625 GBP |
5p ordinary | CFD | Increasing a short position | 3,750 | 12.3629 GBP |
5p ordinary | CFD | Increasing a short position | 10,000 | 12.3629 GBP |
5p ordinary | CFD | Increasing a short position | 3,070 | 12.3637 GBP |
5p ordinary | CFD | Increasing a short position | 15,000 | 12.3637 GBP |
5p ordinary | CFD | Increasing a short position | 2,500 | 12.3637 GBP |
5p ordinary | CFD | Increasing a short position | 5,000 | 12.3637 GBP |
5p ordinary | CFD | Increasing a short position | 6,930 | 12.3637 GBP |
5p ordinary | CFD | Reducing a short position | 5,267 | 12.3644 GBP |
5p ordinary | CFD | Reducing a short position | 59,842 | 12.3644 GBP |
5p ordinary | CFD | Reducing a short position | 38,008 | 12.3644 GBP |
5p ordinary | CFD | Reducing a short position | 58,491 | 12.3644 GBP |
5p ordinary | CFD | Reducing a short position | 10,160 | 12.3655 GBP |
5p ordinary | CFD | Opening a short position | 28,636 | 12.3655 GBP |
5p ordinary | CFD | Increasing a short position | 7,500 | 12.3662 GBP |
5p ordinary | CFD | Reducing a short position | 1,528 | 12.3662 GBP |
5p ordinary | CFD | Increasing a short position | 38,247 | 12.3663 GBP |
5p ordinary | CFD | Reducing a short position | 11,711 | 12.3686 GBP |
5p ordinary | CFD | Reducing a short position | 12,332 | 12.3705 GBP |
5p ordinary | CFD | Increasing a short position | 54 | 12.3716 GBP |
5p ordinary | CFD | Reducing a short position | 22,315 | 12.3718 GBP |
5p ordinary | CFD | Increasing a short position | 678 | 12.3719 GBP |
5p ordinary | CFD | Increasing a short position | 2,500 | 12.3725 GBP |
5p ordinary | CFD | Increasing a short position | 105,000 | 12.3733 GBP |
5p ordinary | CFD | Reducing a short position | 28,523 | 12.3736 GBP |
5p ordinary | CFD | Opening a short position | 500,000 | 12.3740 GBP |
5p ordinary | CFD | Opening a short position | 41,787 | 12.3748 GBP |
5p ordinary | CFD | Reducing a short position | 22,878 | 12.3770 GBP |
5p ordinary | CFD | Opening a short position | 11,611 | 12.3770 GBP |
5p ordinary | CFD | Opening a short position | 16,237 | 12.3770 GBP |
5p ordinary | CFD | Reducing a short position | 4,418 | 12.3770 GBP |
5p ordinary | CFD | Opening a short position | 289,542 | 12.3770 GBP |
5p ordinary | CFD | Reducing a short position | 2,897 | 12.3770 GBP |
5p ordinary | CFD | Reducing a short position | 8,305 | 12.3770 GBP |
5p ordinary | CFD | Reducing a short position | 16,237 | 12.3770 GBP |
5p ordinary | CFD | Reducing a short position | 289,542 | 12.3770 GBP |
5p ordinary | CFD | Opening a short position | 2,897 | 12.3770 GBP |
5p ordinary | CFD | Opening a short position | 22,878 | 12.3770 GBP |
5p ordinary | CFD | Opening a short position | 8,305 | 12.3770 GBP |
5p ordinary | CFD | Reducing a short position | 11,611 | 12.3770 GBP |
5p ordinary | CFD | Opening a short position | 4,418 | 12.3770 GBP |
5p ordinary | CFD | Opening a short position | 7,319 | 12.3779 GBP |
5p ordinary | CFD | Reducing a short position | 2,734 | 12.3784 GBP |
5p ordinary | CFD | Increasing a short position | 37,500 | 12.3787 GBP |
5p ordinary | CFD | Reducing a short position | 17 | 12.3788 GBP |
5p ordinary | CFD | Reducing a short position | 705 | 12.3799 GBP |
5p ordinary | CFD | Opening a short position | 232 | 12.3828 GBP |
5p ordinary | CFD | Opening a short position | 232 | 12.3828 GBP |
5p ordinary | CFD | Opening a short position | 232 | 12.3828 GBP |
5p ordinary | CFD | Opening a short position | 232 | 12.3828 GBP |
5p ordinary | CFD | Opening a short position | 232 | 12.3828 GBP |
5p ordinary | CFD | Opening a short position | 706 | 12.3828 GBP |
5p ordinary | CFD | Opening a short position | 706 | 12.3828 GBP |
5p ordinary | CFD | Opening a short position | 706 | 12.3828 GBP |
5p ordinary | CFD | Opening a short position | 706 | 12.3828 GBP |
5p ordinary | CFD | Opening a short position | 706 | 12.3828 GBP |
5p ordinary | CFD | Opening a short position | 1,008 | 12.3828 GBP |
5p ordinary | CFD | Opening a short position | 1,008 | 12.3828 GBP |
5p ordinary | CFD | Opening a short position | 1,008 | 12.3828 GBP |
5p ordinary | CFD | Opening a short position | 1,008 | 12.3828 GBP |
5p ordinary | CFD | Opening a short position | 1,008 | 12.3828 GBP |
5p ordinary | CFD | Opening a short position | 1,008 | 12.3828 GBP |
5p ordinary | CFD | Opening a short position | 1,008 | 12.3828 GBP |
5p ordinary | CFD | Increasing a short position | 6,337 | 12.3828 GBP |
5p ordinary | CFD | Opening a short position | 2,982 | 12.3828 GBP |
5p ordinary | CFD | Opening a short position | 2,982 | 12.3828 GBP |
5p ordinary | CFD | Opening a short position | 2,982 | 12.3828 GBP |
5p ordinary | CFD | Opening a short position | 2,982 | 12.3828 GBP |
5p ordinary | CFD | Opening a short position | 2,982 | 12.3828 GBP |
5p ordinary | CFD | Opening a short position | 2,982 | 12.3828 GBP |
5p ordinary | CFD | Increasing a short position | 1,398 | 12.3828 GBP |
5p ordinary | CFD | Opening a short position | 2,982 | 12.3828 GBP |
5p ordinary | CFD | Opening a short position | 2,982 | 12.3828 GBP |
5p ordinary | CFD | Reducing a short position | 56 | 12.3838 GBP |
5p ordinary | CFD | Increasing a short position | 1,024 | 12.3862 GBP |
5p ordinary | CFD | Reducing a long position | 17,307 | 12.3865 GBP |
5p ordinary | CFD | Opening a short position | 25,921 | 12.3874 GBP |
5p ordinary | CFD | Opening a short position | 4,445 | 12.3874 GBP |
5p ordinary | CFD | Increasing a short position | 29,554 | 12.3887 GBP |
5p ordinary | CFD | Reducing a short position | 3,776 | 12.3891 GBP |
5p ordinary | CFD | Increasing a short position | 13,683 | 12.3896 GBP |
5p ordinary | CFD | Reducing a short position | 262,159 | 12.3900 GBP |
5p ordinary | CFD | Increasing a short position | 225 | 12.3936 GBP |
5p ordinary | CFD | Increasing a short position | 827 | 12.3958 GBP |
5p ordinary | CFD | Increasing a short position | 1,875 | 12.4025 GBP |
5p ordinary | CFD | Increasing a short position | 5,000 | 12.4025 GBP |
5p ordinary | CFD | Reducing a long position | 39 | 12.4025 GBP |
5p ordinary | CFD | Increasing a short position | 30,000 | 12.4037 GBP |
5p ordinary | CFD | Reducing a short position | 2,911 | 12.4064 GBP |
5p ordinary | CFD | Opening a short position | 7,652 | 12.4064 GBP |
5p ordinary | CFD | Reducing a short position | 5,474 | 12.4064 GBP |
5p ordinary | CFD | Opening a short position | 144,345 | 12.4064 GBP |
5p ordinary | CFD | Opening a short position | 15,079 | 12.4064 GBP |
5p ordinary | CFD | Reducing a short position | 1,444 | 12.4064 GBP |
5p ordinary | CFD | Opening a short position | 1,444 | 12.4064 GBP |
5p ordinary | CFD | Reducing a short position | 7,652 | 12.4064 GBP |
5p ordinary | CFD | Opening a short position | 8,095 | 12.4064 GBP |
5p ordinary | CFD | Opening a short position | 2,911 | 12.4064 GBP |
5p ordinary | CFD | Reducing a short position | 15,079 | 12.4064 GBP |
5p ordinary | CFD | Opening a short position | 5,474 | 12.4064 GBP |
5p ordinary | CFD | Reducing a short position | 8,095 | 12.4064 GBP |
5p ordinary | CFD | Reducing a short position | 144,345 | 12.4064 GBP |
5p ordinary | CFD | Opening a short position | 7,319 | 12.4074 GBP |
5p ordinary | CFD | Increasing a short position | 29,508 | 12.4637 GBP |
5p ordinary | CFD | Increasing a short position | 22,878 | 16.7559 USD |
5p ordinary | CFD | Opening a short position | 16,237 | 16.7559 USD |
5p ordinary | CFD | Increasing a short position | 4,418 | 16.7559 USD |
5p ordinary | CFD | Increasing a short position | 8,305 | 16.7559 USD |
5p ordinary | CFD | Opening a short position | 2,897 | 16.7559 USD |
5p ordinary | CFD | Increasing a short position | 11,611 | 16.7559 USD |
5p ordinary | CFD | Opening a short position | 289,542 | 16.7559 USD |
5p ordinary | CFD | Increasing a short position | 15,079 | 16.7958 USD |
5p ordinary | CFD | Increasing a short position | 1,444 | 16.7958 USD |
5p ordinary | CFD | Increasing a short position | 2,911 | 16.7958 USD |
5p ordinary | CFD | Increasing a short position | 144,345 | 16.7958 USD |
5p ordinary | CFD | Increasing a short position | 5,474 | 16.7958 USD |
5p ordinary | CFD | Increasing a short position | 8,095 | 16.7958 USD |
5p ordinary | CFD | Increasing a short position | 7,652 | 16.7958 USD |
(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) |
|
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: | Papa Lette and Andrzej Szyszka |
| Telephone number: | +33(1) 4212 1459 / +48(22) 317 4817 |
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 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