13th Feb 2026 11:55
This announcement replaces the previous RNS announcement 6297S released at 11:55 on the 11th of February 2026. Amendments to section 2a. All other information remains unchanged.
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: | 10 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
| 2732815 | 12.43530 GBP | 12.28091 GBP |
5p Ordinary | Sell
| 860240 | 12.42000 GBP | 12.28754 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 | 670 | 12.2898 GBP |
5p Ordinary | CFD
| Long | 54 | 12.30315 GBP |
5p Ordinary | CFD
| Long | 3583 | 12.35645891 GBP |
5p Ordinary | CFD
| Long | 2785 | 12.3011984 GBP |
5p Ordinary | CFD
| Long | 9883 | 12.3583865239391 GBP |
5p Ordinary | CFD
| Long | 51 | 12.304047 GBP |
5p Ordinary | CFD
| Long | 1080 | 12.3 GBP |
5p Ordinary | CFD
| Long | 92581 | 12.296444 GBP |
5p Ordinary | CFD
| Long | 13285 | 12.2875423409861 GBP |
5p Ordinary | CFD
| Long | 14679 | 12.392697 GBP |
5p Ordinary | CFD
| Long | 8274 | 12.3915464 GBP |
5p Ordinary | CFD
| Long | 5013 | 12.381586 GBP |
5p Ordinary | CFD
| Long | 2374 | 12.40125526 GBP |
5p Ordinary | CFD
| Long | 342 | 12.29589545 GBP |
5p Ordinary | CFD
| Long | 1409 | 12.3635432560681 GBP |
5p Ordinary | CFD
| Short | 54730 | 12.290234 GBP |
5p Ordinary | CFD
| Short | 2479 | 12.300123 GBP |
5p Ordinary | CFD
| Short | 1025 | 12.301834 GBP |
5p Ordinary | CFD
| Short | 713 | 12.305123 GBP |
5p Ordinary | CFD
| Short | 11 | 12.281228 GBP |
5p Ordinary | CFD
| Short | 27460 | 12.29 GBP |
5p Ordinary | CFD
| Short | 12243 | 12.39384955 GBP |
5p Ordinary | CFD
| Short | 574 | 12.301835 GBP |
5p Ordinary | CFD
| Short | 7122 | 12.37077577 GBP |
5p Ordinary | CFD
| Short | 770 | 12.39115115 GBP |
5p Ordinary | CFD
| Short | 12082 | 12.2918432378745 GBP |
5p Ordinary | CFD
| Short | 2066 | 12.423064 GBP |
5p Ordinary | CFD
| Short | 78733 | 12.40868 GBP |
5p Ordinary | CFD
| Short | 13044 | 12.398673 GBP |
5p Ordinary | CFD
| Short | 512754 | 12.36235 GBP |
5p Ordinary | CFD
| Short | 22952 | 12.4124 GBP |
5p Ordinary | CFD
| Short | 12753 | 12.39238 GBP |
5p Ordinary | CFD
| Short | 43362 | 12.3685 GBP |
5p Ordinary | CFD
| Short | 8928 | 12.398017 GBP |
5p Ordinary | CFD
| Short | 352512 | 12.32235 GBP |
5p Ordinary | CFD
| Short | 88128 | 12.30984001 GBP |
5p Ordinary | CFD
| Short | 725057 | 12.41 GBP |
5p Ordinary | CFD
| Short | 1631 | 12.298443 GBP |
5p Ordinary | CFD
| Short | 1199 | 12.299402 GBP |
5p Ordinary | CFD
| Short | 223 | 12.30123 GBP |
5p Ordinary | CFD
| Short | 705024 | 12.349255 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: | 13 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