6th Feb 2026 12:06
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: | 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" | NA
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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
| 1248692 | 12.42620 GBP | 12.34000 GBP |
5p Ordinary | Sell
| 119912 | 12.43000 GBP | 12.34000 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 | 13032 | 12.3651 GBP |
5p Ordinary | CFD
| Long | 2231 | 12.37907217 GBP |
5p Ordinary | CFD
| Long | 155458 | 12.36 GBP |
5p Ordinary | CFD
| Long | 1450 | 12.36724138 GBP |
5p Ordinary | CFD
| Long | 31303 | 12.345 GBP |
5p Ordinary | CFD
| Long | 41517 | 12.37 GBP |
5p Ordinary | CFD
| Long | 1671 | 12.36313373 GBP |
5p Ordinary | CFD
| Long | 2 | 12.3595674 GBP |
5p Ordinary | CFD
| Long | 1668 | 12.3953 GBP |
5p Ordinary | CFD
| Long | 10235 | 12.379857 GBP |
5p Ordinary | CFD
| Long | 1355 | 12.38 GBP |
5p Ordinary | CFD
| Long | 8079 | 12.4 GBP |
5p Ordinary | CFD
| Long | 2450 | 12.385 GBP |
5p Ordinary | CFD
| Long | 1320 | 12.366263 GBP |
5p Ordinary | CFD
| Long | 15111 | 12.38909073 GBP |
5p Ordinary | CFD
| Long | 2570 | 12.374331 GBP |
5p Ordinary | CFD
| Long | 936 | 12.39976586 GBP |
5p Ordinary | CFD
| Long | 6622 | 12.37499915 GBP |
5p Ordinary | CFD
| Long | 5442 | 12.416759 GBP |
5p Ordinary | CFD
| Long | 4203 | 12.39537 GBP |
5p Ordinary | CFD
| Short | 35303 | 12.351173 GBP |
5p Ordinary | CFD
| Short | 45196 | 12.4262 GBP |
5p Ordinary | CFD
| Short | 18022 | 12.3512 GBP |
5p Ordinary | CFD
| Short | 344 | 12.372354 GBP |
5p Ordinary | CFD
| Short | 20633 | 12.344545 GBP |
5p Ordinary | CFD
| Short | 43550 | 12.37236 GBP |
5p Ordinary | CFD
| Short | 13199 | 12.3828 GBP |
5p Ordinary | CFD
| Short | 112700 | 12.36927 GBP |
5p Ordinary | CFD
| Short | 139 | 12.351187 GBP |
5p Ordinary | CFD
| Short | 56 | 12.3513 GBP |
5p Ordinary | CFD
| Short | 7790 | 12.351172 GBP |
5p Ordinary | CFD
| Short | 52681 | 12.37787446 GBP |
5p Ordinary | CFD
| Short | 52681 | 12.407408 GBP |
5p Ordinary | CFD
| Short | 3245 | 12.379282 GBP |
5p Ordinary | CFD
| Short | 1235 | 12.3818904659109 GBP |
5p Ordinary | CFD
| Short | 1006 | 12.382477 GBP |
5p Ordinary | CFD
| Short | 944 | 12.381759 GBP |
5p Ordinary | CFD
| Short | 747 | 12.379728 GBP |
5p Ordinary | CFD
| Short | 293 | 12.360124 GBP |
5p Ordinary | CFD
| Short | 120 | 12.388217 GBP |
5p Ordinary | CFD
| Short | 2638 | 12.40149356 GBP |
5p Ordinary | CFD
| Short | 3007 | 12.379299 GBP |
5p Ordinary | CFD
| Short | 1162 | 12.3820772279862 GBP |
5p Ordinary | CFD
| Short | 1013 | 12.38237 GBP |
5p Ordinary | CFD
| Short | 931 | 12.381722 GBP |
5p Ordinary | CFD
| Short | 686 | 12.379722 GBP |
5p Ordinary | CFD
| Short | 113 | 12.388341 GBP |
5p Ordinary | CFD
| Short | 1230 | 12.359666 GBP |
5p Ordinary | CFD
| Short | 2758 | 12.37562001 GBP |
5p Ordinary | CFD
| Short | 150000 | 12.361728 GBP |
5p Ordinary | CFD
| Short | 1332 | 12.3765826 GBP |
5p Ordinary | CFD
| Short | 5143 | 12.35 GBP |
5p Ordinary | CFD
| Short | 2228 | 12.36411612 GBP |
5p Ordinary | CFD
| Short | 688 | 12.36587209 GBP |
5p Ordinary | CFD
| Short | 13467 | 12.36 GBP |
5p Ordinary | CFD
| Short | 26239 | 12.364489 GBP |
5p Ordinary | CFD
| Short | 6339 | 12.380186 GBP |
5p Ordinary | CFD
| Short | 5442 | 12.389251 GBP |
5p Ordinary | CFD
| Short | 1964 | 12.351171 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: | 06 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