5th Feb 2026 12:26
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: | 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" | NA |
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
| 7412762 | 12.64978 GBP | 12.40000 GBP |
5p Ordinary | Sell
| 3935653 | 12.64978 GBP | 12.39752 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
| Long | 21010 | 12.54 GBP |
5p Ordinary | CFD
| Long | 1319 | 12.60484244 GBP |
5p Ordinary | CFD
| Long | 14669 | 12.487028 GBP |
5p Ordinary | CFD
| Long | 6445 | 12.485245 GBP |
5p Ordinary | CFD
| Long | 727 | 16.92476 USD |
5p Ordinary | CFD
| Long | 119 | 12.43929702 GBP |
5p Ordinary | CFD
| Long | 29331 | 12.5937 GBP |
5p Ordinary | CFD
| Long | 3330 | 12.62493994 GBP |
5p Ordinary | CFD
| Long | 1181 | 12.627477 GBP |
5p Ordinary | CFD
| Long | 300102 | 12.561201 GBP |
5p Ordinary | CFD
| Long | 568173 | 12.56071903 GBP |
5p Ordinary | CFD
| Long | 4538 | 12.57194483 GBP |
5p Ordinary | CFD
| Long | 506 | 12.399566 GBP |
5p Ordinary | CFD
| Long | 575 | 12.5632753086956 GBP |
5p Ordinary | CFD
| Long | 57172 | 12.3975199398307 GBP |
5p Ordinary | CFD
| Long | 26556 | 12.57 GBP |
5p Ordinary | CFD
| Long | 20000 | 12.635 GBP |
5p Ordinary | CFD
| Long | 436 | 12.601055 GBP |
5p Ordinary | CFD
| Long | 66594 | 12.521908 GBP |
5p Ordinary | CFD
| Short | 23066 | 12.61379064 GBP |
5p Ordinary | CFD
| Short | 15550 | 12.588975 GBP |
5p Ordinary | CFD
| Short | 13481 | 12.6019 GBP |
5p Ordinary | CFD
| Short | 8151 | 12.593423 GBP |
5p Ordinary | CFD
| Short | 7537 | 12.588768 GBP |
5p Ordinary | CFD
| Short | 4609 | 12.599088 GBP |
5p Ordinary | CFD
| Short | 1037 | 12.590339 GBP |
5p Ordinary | CFD
| Short | 1006 | 12.582868 GBP |
5p Ordinary | CFD
| Short | 131 | 12.573212 GBP |
5p Ordinary | CFD
| Short | 3725 | 12.60126 GBP |
5p Ordinary | CFD
| Short | 3802 | 12.588642 GBP |
5p Ordinary | CFD
| Short | 16414 | 12.4 GBP |
5p Ordinary | CFD
| Short | 50000 | 12.47869 GBP |
5p Ordinary | CFD
| Short | 1650000 | 12.578627 GBP |
5p Ordinary | CFD
| Short | 100000 | 12.4124 GBP |
5p Ordinary | CFD
| Short | 100000 | 12.4186 GBP |
5p Ordinary | CFD
| Short | 112200 | 12.59745098 GBP |
5p Ordinary | CFD
| Short | 52869 | 12.464964 GBP |
5p Ordinary | CFD
| Short | 45196 | 12.6163 GBP |
5p Ordinary | CFD
| Short | 896 | 12.427611 GBP |
5p Ordinary | CFD
| Short | 101715 | 12.5052 GBP |
5p Ordinary | CFD
| Short | 39590 | 12.447435 GBP |
5p Ordinary | CFD
| Short | 17153 | 12.5125 GBP |
5p Ordinary | CFD
| Short | 13198 | 12.4837 GBP |
5p Ordinary | CFD
| Short | 80000 | 12.6 GBP |
5p Ordinary | CFD
| Short | 36844 | 12.588453 GBP |
5p Ordinary | CFD
| Short | 20447 | 12.601611 GBP |
5p Ordinary | CFD
| Short | 12797 | 12.589425 GBP |
5p Ordinary | CFD
| Short | 12473 | 12.593247 GBP |
5p Ordinary | CFD
| Short | 6830 | 12.598167 GBP |
5p Ordinary | CFD
| Short | 3313 | 12.593013 GBP |
5p Ordinary | CFD
| Short | 1440 | 12.581786 GBP |
5p Ordinary | CFD
| Short | 762 | 12.573934 GBP |
5p Ordinary | CFD
| Short | 5484 | 12.58819 GBP |
5p Ordinary | CFD
| Short | 987 | 12.5883958807599 GBP |
5p Ordinary | CFD
| Short | 33455 | 12.56291496 GBP |
5p Ordinary | CFD
| Short | 150000 | 12.57635267 GBP |
5p Ordinary | CFD
| Short | 9176 | 12.4018602877071 GBP |
5p Ordinary | CFD
| Short | 3986 | 12.52149124 GBP |
5p Ordinary | CFD
| Short | 124091 | 12.47489727 GBP |
5p Ordinary | CFD
| Short | 200000 | 12.43544873 GBP |
5p Ordinary | CFD
| Short | 153308 | 12.468722 GBP |
5p Ordinary | CFD
| Short | 38 | 12.63105263 GBP |
5p Ordinary | CFD
| Short | 49187 | 12.571576 GBP |
5p Ordinary | CFD
| Short | 15727 | 12.64 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: | 05 February 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