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AMENDMENT
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: | J.P. Morgan Securities Plc |
(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: | Corporate Broker and Financial Adviser to Beazley Plc |
(d) Date dealing undertaken: | 05 June 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" | 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 | Purchase | 589,545 | 12.8510 GBP | 12.8262 GBP |
| Sale | 3,256,368 | 12.8400 GBP | 12.8260 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 | Equity Swap | Decrease Long | 740 | 9.5713 GBP |
260 | 9.5871 GBP | |||
829 | 9.6009 GBP | |||
3,862 | 9.6047 GBP | |||
68,900 | 9.6192 GBP | |||
6,972 | 9.6232 GBP | |||
215 | 9.6248 GBP | |||
21 | 9.6254 GBP | |||
251 | 9.6257 GBP | |||
Decrease Short | 15,891 | 9.5829 GBP | ||
9,365 | 9.5998 GBP | |||
1,061 | 9.6003 GBP | |||
337 | 9.6082 GBP | |||
1,247 | 9.6095 GBP | |||
902 | 9.6120 GBP | |||
366 | 9.6150 GBP | |||
7,417 | 9.6160 GBP | |||
1,767 | 9.6180 GBP | |||
1,564 | 9.6208 GBP | |||
2,751 | 9.6213 GBP | |||
18,676 | 9.6222 GBP | |||
123 | 9.6238 GBP | |||
24 | 9.6240 GBP | |||
137 | 9.6241 GBP | |||
11,083 | 9.6250 GBP | |||
Increase Long | 100 | 9.5946 GBP | ||
3,139 | 9.6069 GBP | |||
16 | 9.6140 GBP | |||
38,252 | 9.6173 GBP | |||
16,142 | 9.6236 GBP | |||
1 | 9.6250 GBP | |||
Increase Short | 264 | 9.5601 GBP | ||
5,299 | 9.5650 GBP | |||
1,002 | 9.5845 GBP | |||
11,618 | 9.5901 GBP | |||
293 | 9.5971 GBP | |||
1,689 | 9.5984 GBP | |||
3,704 | 9.6017 GBP | |||
1,065 | 9.6064 GBP | |||
150 | 9.6116 GBP | |||
523 | 9.6185 GBP | |||
28,129 | 9.6199 GBP | |||
1,312 | 9.6210 GBP | |||
10,060 | 9.6250 GBP | |||
Opening a long position | 3,249 | 9.5928 GBP | ||
947 | 9.5937 GBP | |||
251 | 9.5947 GBP | |||
132 | 9.5948 GBP | |||
231 | 9.6015 GBP | |||
11,527 | 9.6034 GBP | |||
1,303 | 9.6043 GBP | |||
511 | 9.6050 GBP | |||
3 | 9.6100 GBP | |||
16,758 | 9.6133 GBP | |||
40,000 | 9.6174 GBP | |||
2,530 | 9.6236 GBP | |||
316 | 9.6238 GBP | |||
Opening a short position | 1,884 | 9.6001 GBP | ||
165 | 9.6017 GBP | |||
630 | 9.6063 GBP | |||
59 | 9.6066 GBP | |||
18 | 9.6067 GBP | |||
19,769 | 9.6086 GBP | |||
111 | 9.6107 GBP | |||
40,998 | 9.6110 GBP | |||
256 | 9.6122 GBP | |||
3,725 | 9.6253 GBP | |||
4,565 | 9.6255 GBP | |||
4,628 | 9.6257 GBP | |||
9,278 | 9.6269 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) |
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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
|
(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: | 10 June 2026 |
| Contact name: | Hetvi Shah |
| Telephone number: | 44 2034 936359 |
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 dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
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