Form 8.5 EPT/Non RI BEAZLEY PLC

Feb 16 2026 08:39 GMTSource: RNS

RNS Number : 1563T

Barclays PLC

16 February 2026

FORM 8.5 (EPT/NON-RI)
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN
EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS
(OR WHERE RI STATUS IS NOT APPLICABLE)
Rule 8.5 of the Takeover Code (the "Code")
1.				KEY INFORMATION
(a)	Name of exempt principal trader:				BARCLAYS CAPITAL SECURITIES LTD
(b)	Name of offeror/offeree in relation to whose				BEAZLEY PLC
	relevant securities this form relates:
(c)	Name of the party to the offer with which exempt				BEAZLEY PLC
	principal trader is connected
(d)	Date position held/dealing undertaken:				13 Feb 2026
(e)	In addition to the company in 1(b) above, is the exempt principal				NO
	trader making disclosures in respect of any other party to the offer?
2.				POSITIONS OF THE EXEMPT PRINCIPAL TRADER
(a)	Interests and short positions in the relevant securities of the offeror or offeree
	to which the disclosure relates following the dealing (if any)
Class of relevant security:				5p ordinary
				Interests		Short Positions
				Number	(%)	Number	(%)
(1)	Relevant securities owned
	and/or controlled:			9,625,410	1.61%	5,003,692	0.83%
(2)	Cash-settled derivatives:
	and/or controlled:			588,791	0.10%	8,134,638	1.36%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%

	TOTAL:			10,214,201	1.70%	13,138,330	2.19%
(b)	Rights to subscribe for new securities (including directors and other executive
	options)
Class of relevant security in relation to
which subscription right exists
Details, including nature of the rights
concerned and relevant percentages:
3.				DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER
(a)	Purchases and sales
Class of relevant		Purchase/sale		Total number of		Highest price per unit	Lowest price per unit
security				securities		paid/received	paid/received
5p ordinary		Purchase		1,252,360		12.4600 GBP	12.3000 GBP
5p ordinary		Sale		1,042,944		12.4600 GBP	12.2997 GBP

(b)	Cash-settled derivative transactions
Class of		Product		Nature of dealing		Number of	Price per
relevant		description				reference	unit
security						securities
5p ordinary		SWAP		Increasing Short		3,195	12.3452 GBP
5p ordinary		SWAP		Increasing Short		22,049	12.3453 GBP
5p ordinary		SWAP		Decreasing Short		8,810	12.2997 GBP
5p ordinary		SWAP		Decreasing Short		162,212	12.3000 GBP
5p ordinary		SWAP		Decreasing Short		2,691	12.3175 GBP
5p ordinary		SWAP		Decreasing Short		123,566	12.3204 GBP
5p ordinary		SWAP		Decreasing Short		613	12.3215 GBP
5p ordinary		SWAP		Decreasing Short		799	12.3244 GBP
5p ordinary		SWAP		Decreasing Short		4,002	12.3263 GBP
5p ordinary		SWAP		Decreasing Short		13,292	12.3271 GBP
5p ordinary		SWAP		Decreasing Short		3,264	12.3336 GBP
5p ordinary		SWAP		Decreasing Short		2,042	12.3363 GBP
5p ordinary		SWAP		Decreasing Short		2,380	12.3368 GBP
5p ordinary		SWAP		Decreasing Short		14,651	12.3411 GBP
5p ordinary		SWAP		Decreasing Short		27,552	12.3475 GBP
5p ordinary		SWAP		Decreasing Short		11,163	12.3553 GBP
5p ordinary		SWAP		Decreasing Short		14,988	12.3568 GBP
5p ordinary		SWAP		Decreasing Short		2,136	12.3770 GBP
5p ordinary		SWAP		Decreasing Short		53,995	12.3805 GBP
5p ordinary		SWAP		Decreasing Short		1,456	12.3812 GBP
5p ordinary		SWAP		Decreasing Short		956	12.3874 GBP
5p ordinary		SWAP		Decreasing Short		1,196	12.3896 GBP
5p ordinary		SWAP		Decreasing Short		3,463	12.3993 GBP
5p ordinary		SWAP		Decreasing Short		137	12.4073 GBP
5p ordinary		SWAP		Decreasing Short		2,449	12.4234 GBP
5p ordinary		SWAP		Increasing Short		145,255	12.3000 GBP
5p ordinary		SWAP		Increasing Short		58,061	12.3006 GBP
5p ordinary		SWAP		Increasing Short		1,336	12.3008 GBP
5p ordinary		SWAP		Increasing Short		2,813	12.3024 GBP
5p ordinary		SWAP		Increasing Short		9,584	12.3034 GBP
5p ordinary		SWAP		Increasing Short		25,899	12.3037 GBP
5p ordinary		SWAP		Increasing Short		23	12.3086 GBP
5p ordinary		SWAP		Increasing Short		5,348	12.3087 GBP
5p ordinary		SWAP		Increasing Short		17,955	12.3130 GBP
5p ordinary		SWAP		Increasing Short		18,143	12.3157 GBP
5p ordinary		SWAP		Increasing Short		7,300	12.3195 GBP
5p ordinary		SWAP		Increasing Short		806	12.3224 GBP
5p ordinary		SWAP		Increasing Short		90,751	12.3407 GBP
5p ordinary		SWAP		Increasing Short		93,082	12.3461 GBP
5p ordinary		SWAP		Increasing Short		16,237	12.3552 GBP
5p ordinary		SWAP		Increasing Short		6,186	12.3562 GBP
5p ordinary		SWAP		Increasing Short		11,957	12.3582 GBP
5p ordinary		SWAP		Increasing Short		88	12.3609 GBP
5p ordinary		SWAP		Increasing Short		28,878	12.3639 GBP
5p ordinary		SWAP		Increasing Short		3,949	12.3675 GBP
5p ordinary		SWAP		Increasing Short		869	12.3700 GBP
5p ordinary		SWAP		Increasing Short		14,764	12.3821 GBP
5p ordinary		SWAP		Increasing Short		2,091	12.3955 GBP
5p ordinary		SWAP		Increasing Short		4,299	12.4100 GBP
5p ordinary		SWAP		Increasing Short		91,240	12.4174 GBP
5p ordinary		SWAP		Increasing Short		258	12.4200 GBP
5p ordinary		SWAP		Increasing Short		5,625	12.4375 GBP
5p ordinary		SWAP		Increasing Short		5,625	12.4536 GBP
5p ordinary		CFD		Decreasing Short		11,270	12.3000 GBP
5p ordinary		CFD		Decreasing Short		39,707	12.3212 GBP
5p ordinary		CFD		Decreasing Short		28,019	12.3300 GBP
5p ordinary		CFD		Decreasing Short		1,581	12.3687 GBP
5p ordinary		CFD		Decreasing Short		8	12.3750 GBP
5p ordinary		CFD		Increasing Short		5,498	12.4177 GBP

(c)	Stock-settled derivative transactions (including options)
(i)	Writing, selling, purchasing or varying
Class	Product	Writing,	Number	Exercise	Type	Expiry	Option
of	description	purchasing,	of	price		date	money
relevant		selling,	securities	per unit			paid/
security		varying etc	to which				received
			option				per unit
			relates


(ii)	Exercising
Class of relevant		Product description		Exercising/ exercised against		Number of	Exercise price per
security						securities	unit


(d)	Other dealings (including subscribing for new securities)
Class of relevant		Nature of Dealings		Details		Price per unit (if
security						applicable)

4.				OTHER INFORMATION
(a)	Indemnity and other dealings 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:
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 of future acquisition or disposal of any relevant securities to which
any derivative is referenced:
NONE
(c)	Attachments
Is a Supplemental Form 8 (Open Positions) attached?				NO
Date of disclosure:				16 Feb 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

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