11th Mar 2026 11:55
This announcement replaces the previous RNS announcement 0779W released at 11:55 on the 10th of March 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: | 09 March 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
| 396514 | 12.89930 GBP | 12.88000 GBP |
5p Ordinary | Sell
| 816053 | 12.89897 GBP | 12.87490 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
| Increasing a long position | 23066 | 12.88513 GBP |
5p Ordinary | CFD
| Increasing a long position | 403 | 12.888711 GBP |
5p Ordinary | CFD
| Increasing a long position | 324655 | 12.88 GBP |
5p Ordinary | CFD
| Increasing a long position | 254 | 12.8842125984252 GBP |
5p Ordinary | CFD
| Increasing a long position | 4251 | 12.8797365325806 GBP |
5p Ordinary | CFD
| Increasing a long position | 1454 | 12.8792297111417 GBP |
5p Ordinary | CFD
| Increasing a long position | 510 | 12.8842352941176 GBP |
5p Ordinary | CFD
| Increasing a long position | 815 | 12.8842208588957 GBP |
5p Ordinary | CFD
| Increasing a long position | 1301 | 12.8842275172944 GBP |
5p Ordinary | CFD
| Increasing a long position | 1243 | 12.8842236524537 GBP |
5p Ordinary | CFD
| Increasing a long position | 104 | 12.8842307692308 GBP |
5p Ordinary | CFD
| Increasing a long position | 56 | 12.8842857142857 GBP |
5p Ordinary | CFD
| Increasing a long position | 1924 | 12.8842255717256 GBP |
5p Ordinary | CFD
| Increasing a long position | 2335 | 12.884226980728 GBP |
5p Ordinary | CFD
| Increasing a long position | 9 | 12.88954885 GBP |
5p Ordinary | CFD
| Increasing a long position | 2740 | 12.898968 GBP |
5p Ordinary | CFD
| Increasing a long position | 26724 | 12.879755 GBP |
5p Ordinary | CFD
| Increasing a long position | 39 | 12.87897436 GBP |
5p Ordinary | CFD
| Increasing a long position | 10399 | 12.8823233 GBP |
5p Ordinary | CFD
| Increasing a long position | 357093 | 12.8749 GBP |
5p Ordinary | CFD
| Increasing a long position | 7687 | 12.882591 GBP |
5p Ordinary | CFD
| Reducing a long position | 10018 | 12.88601318 GBP |
5p Ordinary | CFD
| Reducing a long position | 69265 | 12.88 GBP |
5p Ordinary | CFD
| Reducing a long position | 230000 | 12.8993 GBP |
5p Ordinary | CFD
| Reducing a long position | 356 | 12.882275 GBP |
5p Ordinary | CFD
| Reducing a long position | 9414 | 12.88836201 GBP |
5p Ordinary | CFD
| Reducing a long position | 193 | 12.8840653 GBP |
5p Ordinary | CFD
| Reducing a long position | 2740 | 12.889016 GBP |
5p Ordinary | CFD
| Reducing a long position | 1303 | 12.883154 GBP |
5p Ordinary | CFD
| Reducing a long position | 5259 | 12.88278556 GBP |
5p Ordinary | CFD
| Reducing a long position | 8328 | 12.88265803 GBP |
5p Ordinary | CFD
| Reducing a long position | 10602 | 12.885977 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: | 11 March 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