3rd Feb 2026 11:28
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: | 02 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 | 784,303 | 11.7400 GBP | 11.3323 GBP |
5p ordinary | Sales | 1,410,741 | 11.7600 GBP | 11.4234 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 | Reducing a long position | 10 | 11.3323 GBP |
5p ordinary | CFD | Reducing a long position | 481 | 11.3323 GBP |
5p ordinary | CFD | Reducing a long position | 62 | 11.3323 GBP |
5p ordinary | CFD | Reducing a long position | 8 | 11.3323 GBP |
5p ordinary | CFD | Reducing a short position | 29 | 11.4233 GBP |
5p ordinary | CFD | Increasing a short position | 162 | 11.4911 GBP |
5p ordinary | CFD | Increasing a short position | 10,000 | 11.5182 GBP |
5p ordinary | CFD | Reducing a long position | 6,859 | 11.5823 GBP |
5p ordinary | CFD | Reducing a short position | 962 | 11.5862 GBP |
5p ordinary | CFD | Increasing a short position | 634 | 11.6158 GBP |
5p ordinary | CFD | Opening a short position | 70 | 11.6158 GBP |
5p ordinary | CFD | Opening a short position | 298 | 11.6158 GBP |
5p ordinary | CFD | Increasing a short position | 140 | 11.6158 GBP |
5p ordinary | CFD | Opening a short position | 100 | 11.6158 GBP |
5p ordinary | CFD | Opening a short position | 24 | 11.6158 GBP |
5p ordinary | CFD | Reducing a short position | 3,215 | 11.6242 GBP |
5p ordinary | CFD | Reducing a short position | 104,855 | 11.6254 GBP |
5p ordinary | CFD | Increasing a short position | 6,475 | 11.6268 GBP |
5p ordinary | CFD | Reducing a short position | 6,220 | 11.6297 GBP |
5p ordinary | CFD | Reducing a short position | 60,531 | 11.6310 GBP |
5p ordinary | CFD | Reducing a short position | 3,904 | 11.6378 GBP |
5p ordinary | CFD | Reducing a short position | 69 | 11.6413 GBP |
5p ordinary | CFD | Reducing a short position | 4,808 | 11.6413 GBP |
5p ordinary | CFD | Reducing a short position | 128 | 11.6413 GBP |
5p ordinary | CFD | Reducing a short position | 179 | 11.6413 GBP |
5p ordinary | CFD | Reducing a short position | 192 | 11.6413 GBP |
5p ordinary | CFD | Reducing a short position | 937 | 11.6427 GBP |
5p ordinary | CFD | Reducing a short position | 2,500 | 11.6427 GBP |
5p ordinary | CFD | Reducing a short position | 67 | 11.6463 GBP |
5p ordinary | CFD | Reducing a short position | 5,694 | 11.6467 GBP |
5p ordinary | CFD | Reducing a short position | 6,522 | 11.6479 GBP |
5p ordinary | CFD | Increasing a short position | 14,578 | 11.6544 GBP |
5p ordinary | CFD | Opening a long position | 14,739 | 11.6566 GBP |
5p ordinary | CFD | Reducing a short position | 261 | 11.6566 GBP |
5p ordinary | CFD | Reducing a short position | 21,482 | 11.6572 GBP |
5p ordinary | CFD | Reducing a short position | 16,425 | 11.6572 GBP |
5p ordinary | CFD | Opening a short position | 51,132 | 11.6621 GBP |
5p ordinary | CFD | Reducing a short position | 56,336 | 11.6627 GBP |
5p ordinary | CFD | Increasing a short position | 16,765 | 11.6670 GBP |
5p ordinary | CFD | Reducing a short position | 67,366 | 11.6722 GBP |
5p ordinary | CFD | Increasing a short position | 9,362 | 11.6760 GBP |
5p ordinary | CFD | Reducing a short position | 392 | 11.6782 GBP |
5p ordinary | CFD | Reducing a short position | 5,432 | 11.6785 GBP |
5p ordinary | CFD | Reducing a short position | 634 | 11.6788 GBP |
5p ordinary | CFD | Reducing a short position | 43 | 11.6796 GBP |
5p ordinary | CFD | Increasing a short position | 133 | 11.6797 GBP |
5p ordinary | CFD | Reducing a short position | 3,368 | 11.6798 GBP |
5p ordinary | CFD | Reducing a short position | 64,968 | 11.6800 GBP |
5p ordinary | CFD | Increasing a short position | 8,805 | 11.6801 GBP |
5p ordinary | CFD | Increasing a short position | 193 | 11.6802 GBP |
5p ordinary | CFD | Reducing a long position | 623 | 11.6823 GBP |
5p ordinary | CFD | Reducing a long position | 205 | 11.6823 GBP |
5p ordinary | CFD | Reducing a long position | 116 | 11.6823 GBP |
5p ordinary | CFD | Reducing a short position | 311 | 11.6842 GBP |
5p ordinary | CFD | Reducing a short position | 208 | 11.6842 GBP |
5p ordinary | CFD | Reducing a short position | 24 | 11.6842 GBP |
5p ordinary | CFD | Reducing a short position | 586 | 11.6842 GBP |
5p ordinary | CFD | Reducing a short position | 437 | 11.6842 GBP |
5p ordinary | CFD | Reducing a short position | 45 | 11.6842 GBP |
5p ordinary | CFD | Reducing a short position | 566 | 11.6842 GBP |
5p ordinary | CFD | Reducing a short position | 25,000 | 11.6911 GBP |
5p ordinary | CFD | Reducing a short position | 150,000 | 11.6919 GBP |
5p ordinary | CFD | Reducing a short position | 9,000 | 11.6975 GBP |
5p ordinary | CFD | Reducing a short position | 8,000 | 11.6975 GBP |
5p ordinary | CFD | Reducing a short position | 52,000 | 11.6975 GBP |
5p ordinary | CFD | Reducing a short position | 91,000 | 11.6975 GBP |
5p ordinary | CFD | Reducing a short position | 25,000 | 11.6985 GBP |
5p ordinary | CFD | Reducing a short position | 174 | 11.7024 GBP |
5p ordinary | CFD | Reducing a short position | 296 | 11.7024 GBP |
5p ordinary | CFD | Reducing a short position | 62 | 11.7024 GBP |
5p ordinary | CFD | Reducing a short position | 149 | 11.7024 GBP |
5p ordinary | CFD | Reducing a short position | 139 | 11.7024 GBP |
5p ordinary | CFD | Increasing a short position | 327 | 11.7064 GBP |
5p ordinary | CFD | Reducing a short position | 5,049 | 11.7181 GBP |
5p ordinary | CFD | Reducing a short position | 2,189 | 11.7182 GBP |
5p ordinary | CFD | Reducing a short position | 4,412 | 11.7185 GBP |
5p ordinary | CFD | Opening a short position | 682 | 11.7376 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) |
|
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: | 03 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