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29 January 2026 11:58:10
- Source: Sharecast
This announcement replaces the previous RNS announcement 3818Q released at 11:57 on the 26th 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: |
21 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
|
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
|
3274085 |
11.62000 GBP |
11.23000 GBP |
|
5p Ordinary |
Sell
|
1625422 |
11.62000 GBP |
11.22775 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 |
19758 |
11.44188 GBP |
|
5p Ordinary |
CFD
|
Long |
16381 |
11.23 GBP |
|
5p Ordinary |
CFD
|
Long |
2220 |
11.45 GBP |
|
5p Ordinary |
CFD
|
Long |
10528 |
11.4135 GBP |
|
5p Ordinary |
CFD
|
Long |
199718 |
11.44937925 GBP |
|
5p Ordinary |
CFD
|
Long |
27635 |
11.3920040012 GBP |
|
5p Ordinary |
CFD
|
Long |
1775 |
11.24484928 GBP |
|
5p Ordinary |
CFD
|
Long |
6446 |
11.2283152342538 GBP |
|
5p Ordinary |
CFD
|
Long |
33061 |
11.2866068781948 GBP |
|
5p Ordinary |
CFD
|
Long |
15697 |
11.41724491 GBP |
|
5p Ordinary |
CFD
|
Long |
9761 |
11.283885 GBP |
|
5p Ordinary |
CFD
|
Long |
9587 |
11.470336 GBP |
|
5p Ordinary |
CFD
|
Long |
1806 |
11.2277519379845 GBP |
|
5p Ordinary |
CFD
|
Long |
26753 |
11.39236721 GBP |
|
5p Ordinary |
CFD
|
Long |
8106 |
11.398951 GBP |
|
5p Ordinary |
CFD
|
Long |
7361 |
11.346971 GBP |
|
5p Ordinary |
CFD
|
Long |
2120 |
11.379071 GBP |
|
5p Ordinary |
CFD
|
Long |
78 |
11.5350385153846 GBP |
|
5p Ordinary |
CFD
|
Short |
244000 |
11.5386 GBP |
|
5p Ordinary |
CFD
|
Short |
370000 |
11.4585 GBP |
|
5p Ordinary |
CFD
|
Short |
100000 |
11.4847 GBP |
|
5p Ordinary |
CFD
|
Short |
180000 |
11.298953 GBP |
|
5p Ordinary |
CFD
|
Short |
360000 |
11.399965 GBP |
|
5p Ordinary |
CFD
|
Short |
38904 |
11.2316845 GBP |
|
5p Ordinary |
CFD
|
Short |
1429 |
11.38049685 GBP |
|
5p Ordinary |
CFD
|
Short |
250000 |
11.30192752 GBP |
|
5p Ordinary |
CFD
|
Short |
19452 |
11.2316846596751 GBP |
|
5p Ordinary |
CFD
|
Short |
171228 |
11.50611 GBP |
|
5p Ordinary |
CFD
|
Short |
630494 |
11.4616 GBP |
|
5p Ordinary |
CFD
|
Short |
89938 |
11.3495 GBP |
|
5p Ordinary |
CFD
|
Short |
90236 |
11.3195 GBP |
|
5p Ordinary |
CFD
|
Short |
61921 |
11.35073158 GBP |
|
5p Ordinary |
CFD
|
Short |
658481 |
11.3805 GBP |
|
5p Ordinary |
CFD
|
Short |
26342 |
11.56732518 GBP |
|
5p Ordinary |
CFD
|
Short |
42151 |
11.3031 GBP |
|
5p Ordinary |
CFD
|
Short |
78 |
11.23 GBP |
|
5p Ordinary |
CFD
|
Short |
562 |
11.3052 GBP |
|
5p Ordinary |
CFD
|
Short |
5668 |
11.230225 GBP |
|
5p Ordinary |
CFD
|
Short |
774 |
11.39806954 GBP |
|
5p Ordinary |
CFD
|
Short |
17764 |
11.51630637 GBP |
|
5p Ordinary |
CFD
|
Short |
5130 |
11.5109208 GBP |
|
5p Ordinary |
CFD
|
Short |
42505 |
11.507 GBP |
|
5p Ordinary |
CFD
|
Short |
1711 |
11.38768 GBP |
|
5p Ordinary |
CFD
|
Short |
604 |
11.410171 GBP |
|
5p Ordinary |
CFD
|
Short |
329 |
11.40085106 GBP |
|
5p Ordinary |
CFD
|
Short |
6855 |
11.367882 GBP |
|
5p Ordinary |
CFD
|
Short |
512 |
11.51570312 GBP |
|
5p Ordinary |
CFD
|
Short |
60466 |
11.5058 GBP |
|
5p Ordinary |
CFD
|
Short |
2371 |
11.5057 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: |
29 January 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 monitoring@disclosure.org.uk
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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