REG - Citadel Group Beazley PLC - Form 8.3 - Beazley plc

BeazleyAnnouncement

19/02/2026 15:01

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RNS Number : 6730T  Citadel Group  19 February 2026

FORM 8.3

 

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the "Code")

 

1.         KEY INFORMATION

 

 (a) Full name of discloser:                                                      Citadel Group
 (b) Owner or controller of interests and short positions disclosed, if           N/A
 different from 1(a):

      The naming of nominee or vehicle companies is insufficient.  For a
 trust, the trustee(s), settlor and beneficiaries must be named.
 (c) Name of offeror/offeree in relation to whose relevant securities this form   BEAZLEY PLC
 relates:

      Use a separate form for each offeror/offeree
 (d) If an exempt fund manager connected with an offeror/offeree, state this      N/A
 and specify identity of offeror/offeree:
 (e) Date position held/dealing undertaken:                                       18 February 2026

      For an opening position disclosure, state the latest practicable date
 prior to the disclosure
 (f)  In addition to the company in 1(c) above, is the discloser making           N/A
 disclosures in respect of any other party to the offer?

      If it is a cash offer or possible cash offer, state "N/A"

 

2.         POSITIONS OF THE PERSON MAKING THE DISCLOSURE

 

If there are positions or rights to subscribe to disclose in more than one
class of relevant securities of the offeror or offeree named in 1(c), copy
table 2(a) or (b) (as appropriate) for each additional class of relevant
security.

 

(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:                                          ISIN GB00BYQ0JC66

                                                                      5p ordinary
                                                                      Interests          Short positions

                                                                      Number      %      Number    %
 (1) Relevant securities owned and/or controlled:                     32,782      0.00   0         0.00
 (2) Cash-settled derivatives:                                        18,634,353  3.10   18,943    0.00

 (3) Stock-settled derivatives (including options) and agreements to  0           0.00   0         0.00
 purchase/sell:
                                                                      18,667,135  3.11   18,943    0.00

      TOTAL:

 

All interests and all short positions should be disclosed.

 

Details of any open stock-settled derivative positions (including traded
options), or agreements to purchase or sell relevant securities, should be
given on a Supplemental Form 8 (Open Positions).

 

(b)        Rights to subscribe for new securities (including directors'
and other employee options)

 

 Class of relevant security in relation to which subscription right exists:   N/A
 Details, including nature of the rights concerned and relevant percentages:  N/A

 

 

3.         DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

 

Where there have been dealings in more than one class of relevant securities
of the offeror or offeree named in 1(c), copy table 3(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  Purchase/sale     Number of securities  Price per unit

 Common                      Buy Transaction   3,563                 12.1000 GBP
 Common                      Buy Transaction   13,408                12.1100 GBP
 Common                      Buy Transaction   1,199                 12.1150 GBP
 Common                      Buy Transaction   717                   12.1150 GBP
 Common                      Buy Transaction   665                   12.1150 GBP
 Common                      Buy Transaction   27                    12.1152 GBP
 Common                      Buy Transaction   9,384                 12.1200 GBP
 Common                      Buy Transaction   157                   12.1250 GBP
 Common                      Buy Transaction   972                   12.1300 GBP
 Common                      Buy Transaction   89                    12.1351 GBP
 Common                      Buy Transaction   445                   12.1400 GBP
 Common                      Buy Transaction   1,927                 12.1500 GBP
 Common                      Buy Transaction   207                   12.1600 GBP
 Common                      Sell Transaction  604                   12.0950 GBP
 Common                      Sell Transaction  227                   12.0950 GBP
 Common                      Sell Transaction  11,411                12.1000 GBP
 Common                      Sell Transaction  592                   12.1050 GBP
 Common                      Sell Transaction  165                   12.1050 GBP
 Common                      Sell Transaction  5,493                 12.1100 GBP
 Common                      Sell Transaction  80                    12.1150 GBP
 Common                      Sell Transaction  275                   12.1150 GBP
 Common                      Sell Transaction  85                    12.1151 GBP
 Common                      Sell Transaction  17,003                12.1200 GBP
 Common                      Sell Transaction  372                   12.1250 GBP
 Common                      Sell Transaction  171                   12.1250 GBP
 Common                      Sell Transaction  728                   12.1300 GBP
 Common                      Sell Transaction  398                   12.1400 GBP
 Common                      Sell Transaction  73                    12.1451 GBP
 Common                      Sell Transaction  548                   12.1500 GBP
 Common                      Sell Transaction  1,605                 12.1600 GBP
 Common                      Sell Transaction  93                    12.1651 GBP
 Common                      Sell Transaction  10                    12.1800 GBP

 

(b)        Cash-settled derivative transactions

 

 Class of relevant security  Product description  Nature of dealing                                                              Number of reference securities  Price per unit

                             e.g. CFD             e.g. opening/closing a long/short position, increasing/reducing a long/short
                                                  position
 Common                      CFD                  Increasing long position                                                       91,667                          12.0950 GBP
 Common                      CFD                  Increasing long position                                                       29,167                          12.0971 GBP
 Common                      CFD                  Increasing long position                                                       29,166                          12.0971 GBP
 Common                      CFD                  Increasing long position                                                       36,667                          12.1078 GBP
 Common                      CFD                  Increasing long position                                                       36,666                          12.1078 GBP
 Common                      CFD                  Increasing long position                                                       36,667                          12.1078 GBP
 Common                      CFD                  Increasing long position                                                       112,500                         12.1117 GBP
 Common                      CFD                  Increasing long position                                                       137,500                         12.1123 GBP
 Common                      CFD                  Increasing long position                                                       76,127                          12.1200 GBP
 Common                      CFD                  Increasing long position                                                       25,000                          12.1250 GBP
 Common                      CFD                  Increasing long position                                                       75,000                          12.1283 GBP
 Common                      CFD                  Increasing long position                                                       125,000                         12.1350 GBP
 Common                      CFD                  Increasing long position                                                       100,000                         12.1400 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                           Expiry date  Option money paid/ received per unit

                                                                                                                                                                                      e.g. American, European etc.

 

(ii)        Exercise

 

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

                             e.g. call option

 

(d)        Other dealings (including subscribing for new securities)

 

 Class of relevant security  Nature of dealing               Details  Price per unit (if applicable)

                             e.g. subscription, conversion

 

 

4.         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 person
 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 person 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

 

(c)        Attachments

 

 Is a Supplemental Form 8 (Open Positions) attached?  NO

 

 

 Date of disclosure:  19 February 2026
 Contact name:        Paula Santos
 Telephone number*:   020 7645 9700

 

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.

 

*If the discloser is a natural person, a telephone number does not need to be
included, provided contact information has been provided to the Panel's Market
Surveillance Unit.

 

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk
(http://www.thetakeoverpanel.org.uk) .

 

 

 

 

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