⌘K
t
J.P. Morgan Securities Plc, as an exempt principal trader and corporate broker/financial adviser to Beazley plc, disclosed public dealings in Beazley plc's 5p ordinary shares undertaken on 19 February 2026. The firm purchased 2,060,641 shares at prices between 12.1700 GBP and 12.3780 GBP and sold 1,742,634 shares at prices from 12.1700 GBP to 12.3800 GBP. Additionally, J.P. Morgan engaged in various cash-settled equity swap transactions, involving the decrease and increase of long and short positions, and the opening of new long and short positions, referencing approximately 920,000 securities.
| Date | 23 Feb 2026 |
| Time | 16:38:54 |
| Category | Holding(s) in company |
| ID | 0639U |
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: |
19 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" |
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 |
2,060,641 |
12.3780 GBP |
12.1700 GBP |
Sale |
|
|
|
(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 |
1 |
12.2006 GBP |
|
|
|
1,629 |
12.2261 GBP |
|
|
|
|
4,599 |
12.2531 GBP |
|
|
|
|
25,368 |
12.2961 GBP |
|
|
|
|
|
||
|
|
|
340 |
12.1988 GBP |
|
|
|
|
72 |
12.1996 GBP |
|
|
|
|
12,280 |
12.2000 GBP |
|
|
|
|
14,655 |
12.2010 GBP |
|
|
|
|
11,085 |
12.2029 GBP |
|
|
|
|
1,362 |
12.2069 GBP |
|
|
|
|
60 |
12.2081 GBP |
|
|
|
|
4,977 |
12.2146 GBP |
|
|
|
|
5,213 |
12.2153 GBP |
|
|
|
|
3,784 |
12.2305 GBP |
|
|
|
|
1,119 |
12.2343 GBP |
|
|
|
|
4,719 |
12.2431 GBP |
|
|
|
|
15,021 |
12.2455 GBP |
|
|
|
|
24,040 |
12.2470 GBP |
|
|
|
|
10,500 |
12.2557 GBP |
|
|
|
|
60,000 |
12.2565 GBP |
|
|
|
|
1,882 |
12.2633 GBP |
|
|
|
|
16,239 |
12.2666 GBP |
|
|
|
|
1,095 |
12.2685 GBP |
|
|
|
|
3,257 |
12.2935 GBP |
|
|
|
|
7,637 |
12.2965 GBP |
|
|
|
|
24 |
12.3052 GBP |
|
|
|
|
5,962 |
12.3174 GBP |
|
|
|
|
6 |
12.3198 GBP |
|
|
|
|
3,156 |
12.3659 GBP |
|
|
|
|
20,000 |
12.3713 GBP |
|
|
|
|
8,000 |
12.3763 GBP |
|
|
|
|
2,600 |
12.3791 GBP |
|
|
|
|
|
||
|
|
|
17,882 |
12.2024 GBP |
|
|
|
|
183 |
12.2188 GBP |
|
|
|
|
100 |
12.2700 GBP |
|
|
|
|
37 |
12.2940 GBP |
|
|
|
|
|
||
|
|
|
9 |
12.1752 GBP |
|
|
|
|
1,012 |
12.1994 GBP |
|
|
|
|
614 |
12.2000 GBP |
|
|
|
|
5,152 |
12.2002 GBP |
|
|
|
|
23,103 |
12.2003 GBP |
|
|
|
|
7,289 |
12.2006 GBP |
|
|
|
|
8,523 |
12.2037 GBP |
|
|
|
|
386,548 |
12.2085 GBP |
|
|
|
|
3,917 |
12.2086 GBP |
|
|
|
|
4,887 |
12.2222 GBP |
|
|
|
|
22,946 |
12.2766 GBP |
|
|
|
|
880 |
12.2808 GBP |
|
|
|
|
10,880 |
12.2833 GBP |
|
|
|
|
91,000 |
12.2873 GBP |
|
|
|
|
6 |
12.3203 GBP |
|
|
|
|
3 |
12.3333 GBP |
|
|
|
|
|
||
|
|
|
36,359 |
12.2390 GBP |
|
|
|
|
3,003 |
12.2449 GBP |
|
|
|
|
1,695 |
12.2663 GBP |
|
|
|
|
|
||
|
|
|
1,278 |
12.2682 GBP |
|
|
|
|
1,719 |
12.3151 GBP |
|
|
|
|
15,175 |
12.3190 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: |
23 February 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.