3rd Feb 2026 11:58
This announcement replaces the previous RNS announcement 1298R released at 11:58 on the 30th of January 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: | 23 January 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
| 1963871 | 11.59000 GBP | 10.70540 GBP |
5p Ordinary | Sell
| 1543359 | 11.59421 GBP | 11.15000 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 | 3507 | 11.4125233727973 GBP |
5p Ordinary | CFD
| Long | 6813 | 11.52 GBP |
5p Ordinary | CFD
| Long | 71550 | 11.32367687 GBP |
5p Ordinary | CFD
| Long | 99 | 15.6450816 USD |
5p Ordinary | CFD
| Long | 32092 | 11.3788249975 GBP |
5p Ordinary | CFD
| Long | 2776 | 11.52639264 GBP |
5p Ordinary | CFD
| Long | 2290 | 11.42828108 GBP |
5p Ordinary | CFD
| Long | 18886 | 11.423505 GBP |
5p Ordinary | CFD
| Long | 8132 | 11.42996474 GBP |
5p Ordinary | CFD
| Long | 1571 | 11.15161044 GBP |
5p Ordinary | CFD
| Long | 1012 | 11.5176976284585 GBP |
5p Ordinary | CFD
| Long | 9180 | 11.5516 GBP |
5p Ordinary | CFD
| Long | 19682 | 11.43294962 GBP |
5p Ordinary | CFD
| Long | 3171 | 11.402005 GBP |
5p Ordinary | CFD
| Long | 1191 | 11.287028 GBP |
5p Ordinary | CFD
| Long | 1049 | 11.279828 GBP |
5p Ordinary | CFD
| Long | 1357938 | 11.3743 GBP |
5p Ordinary | CFD
| Long | 15797 | 11.55691777 GBP |
5p Ordinary | CFD
| Long | 52652 | 11.4885 GBP |
5p Ordinary | CFD
| Long | 5265 | 11.56262678 GBP |
5p Ordinary | CFD
| Long | 12361 | 11.5176959792897 GBP |
5p Ordinary | CFD
| Long | 71273 | 11.4476 GBP |
5p Ordinary | CFD
| Long | 14434 | 11.43589959 GBP |
5p Ordinary | CFD
| Long | 1206 | 11.44070007 GBP |
5p Ordinary | CFD
| Long | 9412 | 11.385 GBP |
5p Ordinary | CFD
| Long | 362510 | 11.5942 GBP |
5p Ordinary | CFD
| Long | 63790 | 11.5900000271202 GBP |
5p Ordinary | CFD
| Short | 245658 | 11.22535956 GBP |
5p Ordinary | CFD
| Short | 90000 | 11.19896711 GBP |
5p Ordinary | CFD
| Short | 539010 | 11.3561 GBP |
5p Ordinary | CFD
| Short | 3507 | 11.52 GBP |
5p Ordinary | CFD
| Short | 1500 | 11.22 GBP |
5p Ordinary | CFD
| Short | 3367 | 11.486131 GBP |
5p Ordinary | CFD
| Short | 1146 | 11.28085022 GBP |
5p Ordinary | CFD
| Short | 38725 | 11.2979 GBP |
5p Ordinary | CFD
| Short | 4391 | 11.5209216 GBP |
5p Ordinary | CFD
| Short | 1191 | 11.261478 GBP |
5p Ordinary | CFD
| Short | 56 | 11.52071429 GBP |
5p Ordinary | CFD
| Short | 90661 | 10.8254 GBP |
5p Ordinary | CFD
| Short | 98030 | 11.250623 GBP |
5p Ordinary | CFD
| Short | 119628 | 11.25562502 GBP |
5p Ordinary | CFD
| Short | 162 | 11.10160494 GBP |
5p Ordinary | CFD
| Short | 45314 | 11.162232 GBP |
5p Ordinary | CFD
| Short | 167690 | 11.22535959 GBP |
5p Ordinary | CFD
| Short | 252545 | 10.7454 GBP |
5p Ordinary | CFD
| Short | 90362 | 10.7054 GBP |
5p Ordinary | CFD
| Short | 82651 | 11.250622 GBP |
5p Ordinary | CFD
| Short | 29567 | 11.22535969 GBP |
5p Ordinary | CFD
| Short | 33388 | 11.22535941 GBP |
5p Ordinary | CFD
| Short | 1350 | 11.22536296 GBP |
5p Ordinary | CFD
| Short | 574 | 11.250627 GBP |
5p Ordinary | CFD
| Short | 70000 | 11.21117514 GBP |
5p Ordinary | CFD
| Short | 143268 | 11.22535961 GBP |
5p Ordinary | CFD
| Short | 129990 | 11.38939488 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: | 03 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