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Goldman Sachs International, an exempt principal trader connected to Zurich Insurance Group Ltd, disclosed dealings in Beazley PLC's 5p ordinary shares on 15 April 2026. The firm purchased 796,793 shares at prices ranging from 12.7338 GBP to 12.7452 GBP and sold 612,663 shares at prices between 12.7300 GBP and 12.7375 GBP. Additionally, Goldman Sachs International conducted various cash-settled derivative transactions (CFDs) involving a total of 301,002 reference securities of Beazley PLC.
| Date | 16 Apr 2026 |
| Time | 11:55:25 |
| Category | Holding(s) in company |
| ID | 7959A |
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: |
(GS) GOLDMAN SACHS INTERNATIONAL |
|
(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: |
15 April 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 the 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 |
Purchases |
796,793 |
12.7452 GBP |
12.7338 GBP |
|
5p ordinary |
Sales |
612,663 |
12.7375 GBP |
12.7300 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 |
Reducing a short position |
189 |
12.7321 GBP |
|
5p ordinary |
CFD |
Opening a long position |
703 |
12.7325 GBP |
|
5p ordinary |
CFD |
Reducing a short position |
89 |
12.7325 GBP |
|
5p ordinary |
CFD |
Closing a short position |
169 |
12.7325 GBP |
|
5p ordinary |
CFD |
Increasing a long position |
213 |
12.7325 GBP |
|
5p ordinary |
CFD |
Increasing a long position |
45 |
12.7325 GBP |
|
5p ordinary |
CFD |
Increasing a long position |
9 |
12.7325 GBP |
|
5p ordinary |
CFD |
Reducing a short position |
1,222 |
12.7328 GBP |
|
5p ordinary |
CFD |
Reducing a short position |
1,446 |
12.7337 GBP |
|
5p ordinary |
CFD |
Reducing a short position |
292 |
12.7344 GBP |
|
5p ordinary |
CFD |
Reducing a short position |
9,026 |
12.7348 GBP |
|
5p ordinary |
CFD |
Reducing a short position |
2,042 |
12.7348 GBP |
|
5p ordinary |
CFD |
Increasing a long position |
2 |
12.7350 GBP |
|
5p ordinary |
CFD |
Reducing a short position |
59,681 |
12.7350 GBP |
|
5p ordinary |
CFD |
Increasing a short position |
9,542 |
12.7352 GBP |
|
5p ordinary |
CFD |
Increasing a short position |
2,153 |
12.7352 GBP |
|
5p ordinary |
CFD |
Increasing a long position |
499 |
12.7355 GBP |
|
5p ordinary |
CFD |
Increasing a short position |
7 |
12.7363 GBP |
|
5p ordinary |
CFD |
Increasing a short position |
2,231 |
12.7364 GBP |
|
5p ordinary |
CFD |
Reducing a short position |
16 |
12.7368 GBP |
|
5p ordinary |
CFD |
Increasing a short position |
274 |
12.7369 GBP |
|
5p ordinary |
CFD |
Reducing a long position |
2,193 |
12.7375 GBP |
|
5p ordinary |
CFD |
Increasing a short position |
62,054 |
12.7382 GBP |
|
5p ordinary |
CFD |
Opening a short position |
52,283 |
12.7395 GBP |
|
5p ordinary |
CFD |
Reducing a long position |
15,739 |
12.7397 GBP |
|
5p ordinary |
CFD |
Reducing a long position |
506 |
12.7398 GBP |
|
5p ordinary |
CFD |
Increasing a short position |
617 |
12.7419 GBP |
|
5p ordinary |
CFD |
Increasing a short position |
62 |
12.7419 GBP |
|
5p ordinary |
CFD |
Increasing a short position |
23,902 |
12.7452 GBP |
|
5p ordinary |
CFD |
Increasing a short position |
46,398 |
12.7452 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: |
16 April 2026 |
Contact name: |
Papa Lette and Andrzej Szyszka |
Telephone number: |
+33(1) 4212 1459 / +48(22) 317 4817 |
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 disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.