{"success":true,"data":{"pressRelease":{"id":"145053","rtpr_id":"nBw9HCkrha-20260916","ticker":"BEZG","exchange":"LSE","all_tickers":["BEZG"],"title":"REG-Qube Research & Technologies LTD Form 8.3","author":"Business Wire","published_at":"2026-09-16T11:57:00.123Z","article_body":"Form 8.3\n\n \n\nFORM 8.3\n\nPUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY\n\nA PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE\n\nRule 8.3 of the Takeover Code (the “Code”)\n\n1. KEY INFORMATION\n (a) Full name of discloser: Qube Research & Technologies Limited \n (b) Owner or controller of interests and short positions disclosed, if   \n different from 1(a): \n \n \n \nThe naming of nominee or vehicle companies is insufficient. For a trust, the \n trustee(s), settlor and beneficiaries must be named. \n (c) Name of offeror/offeree in relation to whose relevant securities this form Beazley plc \n relates: \n \n \n \nUse a separate form for each offeror/offeree \n (d) If an exempt fund manager connected with an offeror/offeree, state this   \n and specify identity of offeror/offeree: \n (e) Date position held/dealing undertaken: 15-09-2026 \n \n \n \nFor an opening position disclosure, state the latest practicable date prior to \n the disclosure \n (f) In addition to the company in 1(c) above, is the discloser making N/A \n disclosures in respect of any other party to the offer? \n \n \n \n  \n \nIf it is a cash offer or possible cash offer, state “N/A” \n\n\n2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE\n\nIf there are positions or rights to subscribe to disclose in more than one\nclass of relevant securities of the offeror or offeree named in 1(c), copy\ntable 2(a) or (b) (as appropriate) for each additional class of relevant\nsecurity.\n\n(a) Interests and short positions in the relevant securities of the offeror or\nofferee to which the disclosure relates following the dealing (if any)\n Class of relevant security: 5p ordinary \n \n \n \n  \n   Interests Short positions \n \n \n \n  \n Number % Number % \n (1) Relevant securities owned and/or controlled: 0 0.00 0 0.00 \n (2) Cash-settled derivatives: 23,505,354 3.90 0 0.00 \n \n \n \n  \n (3) Stock-settled derivatives (including options) and agreements to 0 0.00 0 0.00 \n purchase/sell: \n   23,505,354 3.90 0 0.00 \n \n \n \nTOTAL: \n\n\nAll interests and all short positions should be disclosed.\n\nDetails of any open stock-settled derivative positions (including traded\noptions), or agreements to purchase or sell relevant securities, should be\ngiven on a Supplemental Form 8 (Open Positions).\n\n(b) Rights to subscribe for new securities (including directors’ and other\nemployee options)\n Class of relevant security in relation to which subscription right exists: 0 \n Details, including nature of the rights concerned and relevant percentages: 0 \n\n\n3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE\n\nWhere there have been dealings in more than one class of relevant securities\nof the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as\nappropriate) for each additional class of relevant security dealt in.\n\nThe currency of all prices and other monetary amounts should be stated.\n\n(a) Purchases and sales\n Class of relevant security Purchase/sale Number of securities Price per unit (CCY0) \n \n \n \n  \n\n\n(b) Cash-settled derivative transactions\n Class of relevant security Product description Nature of dealing Number of securities Exercise price per unit (GBp) \n \n \n \n \ne.g. call option \ne.g. opening/closing a long/short position, increasing/reducing a long/short \n position \n 5p ordinary equity swap decreasing a long position 9308 1,304.00 \n 5p ordinary equity swap decreasing a long position 582 1,304.25 \n 5p ordinary equity swap decreasing a long position 67348 1,304.50 \n 5p ordinary equity swap decreasing a long position 7 1,304.75 \n 5p ordinary equity swap decreasing a short position 39 1,305.00 \n 5p ordinary equity swap increasing a long position 215106 1,304.00 \n 5p ordinary equity swap increasing a long position 15693 1,304.50 \n 5p ordinary equity swap increasing a long position 48 1,304.75 \n 5p ordinary equity swap increasing a long position 923 1,305.00 \n 5p ordinary equity swap increasing a short position 129 1,304.00 \n 5p ordinary equity swap increasing a short position 237 1,304.25 \n 5p ordinary equity swap increasing a short position 507 1,304.50 \n\n\n(c) Stock-settled derivative transactions (including options)\n\n(i) Writing, selling, purchasing or varying\n 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 (CCY0) Type Expiry date Option money paid/ received per unit \n \n \n \n \ne.g. American, European etc. \n(CCY0) \n\n\n(ii) Exercise\n Class of relevant security Product description Exercising/ exercised against Number of securities Exercise price per unit \n \n \n \ne.g. call option \n 0 0 0 0   \n \n \n \n0 \n\n\n(d) Other dealings (including subscribing for new securities)\n Class of relevant security Nature of dealing Details Price per unit (if applicable) \n \n \n \ne.g. subscription, conversion \n 0   0 0 \n \n \n \n0 \n\n\n4. OTHER INFORMATION\n\n(a) Indemnity and other dealing arrangements\n Details of any indemnity or option arrangement, or any agreement or \n understanding, formal or informal, relating to relevant securities which may \n be an inducement to deal or refrain from dealing entered into by the person \n making the disclosure and any party to the offer or any person acting in \n concert with a party to the offer: \n \n \n \nIrrevocable commitments and letters of intent should not be included. If there \n are no such agreements, arrangements or understandings, state “none” \n   \n \n \n \nNone \n \n \n \n  \n\n\n(b) Agreements, arrangements or understandings relating to options or\nderivatives\n Details of any agreement, arrangement or understanding, formal or informal, \n between the person making the disclosure and any other person relating to: \n \n \n \n(i) the voting rights of any relevant securities under any option; or \n \n \n \n(ii) the voting rights or future acquisition or disposal of any relevant \n securities to which any derivative is referenced: \n \n \n \nIf there are no such agreements, arrangements or understandings, state \n “none” \n   \n \n \n \nNone \n \n \n \n  \n\n\n(c) Attachments\n Is a Supplemental Form 8 (Open Positions) attached? NO \n\n Date of disclosure: 16-09-2026 \n Contact name: Janice Falcao \n Telephone number: 00442033140679 \n\n\nPublic disclosures under Rule 8 of the Code must be made to a Regulatory\nInformation Service.\n\nThe Panel’s Market Surveillance Unit is available for consultation in\nrelation to the Code’s disclosure requirements on +44 (0)20 7638 0129. The\nCode can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.thetakeoverpanel.org.uk%2F&esheet=54605413&newsitemid=20260916464071&lan=en-US&anchor=www.thetakeoverpanel.org.uk&index=1&md5=3c40fc4d7d6ad928edd4fdeff822966d)\n.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260916464071/en/\n(https://www.businesswire.com/news/home/20260916464071/en/)\n\nQube Research & Technologies LTD\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw9HCkrha-20260916","title":"REG-Qube Research & Technologies LTD Form 8.3","author":"Business Wire","ticker":"BEZG","created":"2026-09-16T11:57:00.123Z","tickers":["BEZG"],"exchange":"LSE","article_body":"Form 8.3\n\n \n\nFORM 8.3\n\nPUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY\n\nA PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE\n\nRule 8.3 of the Takeover Code (the “Code”)\n\n1. KEY INFORMATION\n (a) Full name of discloser: Qube Research & Technologies Limited \n (b) Owner or controller of interests and short positions disclosed, if   \n different from 1(a): \n \n \n \nThe naming of nominee or vehicle companies is insufficient. For a trust, the \n trustee(s), settlor and beneficiaries must be named. \n (c) Name of offeror/offeree in relation to whose relevant securities this form Beazley plc \n relates: \n \n \n \nUse a separate form for each offeror/offeree \n (d) If an exempt fund manager connected with an offeror/offeree, state this   \n and specify identity of offeror/offeree: \n (e) Date position held/dealing undertaken: 15-09-2026 \n \n \n \nFor an opening position disclosure, state the latest practicable date prior to \n the disclosure \n (f) In addition to the company in 1(c) above, is the discloser making N/A \n disclosures in respect of any other party to the offer? \n \n \n \n  \n \nIf it is a cash offer or possible cash offer, state “N/A” \n\n\n2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE\n\nIf there are positions or rights to subscribe to disclose in more than one\nclass of relevant securities of the offeror or offeree named in 1(c), copy\ntable 2(a) or (b) (as appropriate) for each additional class of relevant\nsecurity.\n\n(a) Interests and short positions in the relevant securities of the offeror or\nofferee to which the disclosure relates following the dealing (if any)\n Class of relevant security: 5p ordinary \n \n \n \n  \n   Interests Short positions \n \n \n \n  \n Number % Number % \n (1) Relevant securities owned and/or controlled: 0 0.00 0 0.00 \n (2) Cash-settled derivatives: 23,505,354 3.90 0 0.00 \n \n \n \n  \n (3) Stock-settled derivatives (including options) and agreements to 0 0.00 0 0.00 \n purchase/sell: \n   23,505,354 3.90 0 0.00 \n \n \n \nTOTAL: \n\n\nAll interests and all short positions should be disclosed.\n\nDetails of any open stock-settled derivative positions (including traded\noptions), or agreements to purchase or sell relevant securities, should be\ngiven on a Supplemental Form 8 (Open Positions).\n\n(b) Rights to subscribe for new securities (including directors’ and other\nemployee options)\n Class of relevant security in relation to which subscription right exists: 0 \n Details, including nature of the rights concerned and relevant percentages: 0 \n\n\n3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE\n\nWhere there have been dealings in more than one class of relevant securities\nof the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as\nappropriate) for each additional class of relevant security dealt in.\n\nThe currency of all prices and other monetary amounts should be stated.\n\n(a) Purchases and sales\n Class of relevant security Purchase/sale Number of securities Price per unit (CCY0) \n \n \n \n  \n\n\n(b) Cash-settled derivative transactions\n Class of relevant security Product description Nature of dealing Number of securities Exercise price per unit (GBp) \n \n \n \n \ne.g. call option \ne.g. opening/closing a long/short position, increasing/reducing a long/short \n position \n 5p ordinary equity swap decreasing a long position 9308 1,304.00 \n 5p ordinary equity swap decreasing a long position 582 1,304.25 \n 5p ordinary equity swap decreasing a long position 67348 1,304.50 \n 5p ordinary equity swap decreasing a long position 7 1,304.75 \n 5p ordinary equity swap decreasing a short position 39 1,305.00 \n 5p ordinary equity swap increasing a long position 215106 1,304.00 \n 5p ordinary equity swap increasing a long position 15693 1,304.50 \n 5p ordinary equity swap increasing a long position 48 1,304.75 \n 5p ordinary equity swap increasing a long position 923 1,305.00 \n 5p ordinary equity swap increasing a short position 129 1,304.00 \n 5p ordinary equity swap increasing a short position 237 1,304.25 \n 5p ordinary equity swap increasing a short position 507 1,304.50 \n\n\n(c) Stock-settled derivative transactions (including options)\n\n(i) Writing, selling, purchasing or varying\n 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 (CCY0) Type Expiry date Option money paid/ received per unit \n \n \n \n \ne.g. American, European etc. \n(CCY0) \n\n\n(ii) Exercise\n Class of relevant security Product description Exercising/ exercised against Number of securities Exercise price per unit \n \n \n \ne.g. call option \n 0 0 0 0   \n \n \n \n0 \n\n\n(d) Other dealings (including subscribing for new securities)\n Class of relevant security Nature of dealing Details Price per unit (if applicable) \n \n \n \ne.g. subscription, conversion \n 0   0 0 \n \n \n \n0 \n\n\n4. OTHER INFORMATION\n\n(a) Indemnity and other dealing arrangements\n Details of any indemnity or option arrangement, or any agreement or \n understanding, formal or informal, relating to relevant securities which may \n be an inducement to deal or refrain from dealing entered into by the person \n making the disclosure and any party to the offer or any person acting in \n concert with a party to the offer: \n \n \n \nIrrevocable commitments and letters of intent should not be included. If there \n are no such agreements, arrangements or understandings, state “none” \n   \n \n \n \nNone \n \n \n \n  \n\n\n(b) Agreements, arrangements or understandings relating to options or\nderivatives\n Details of any agreement, arrangement or understanding, formal or informal, \n between the person making the disclosure and any other person relating to: \n \n \n \n(i) the voting rights of any relevant securities under any option; or \n \n \n \n(ii) the voting rights or future acquisition or disposal of any relevant \n securities to which any derivative is referenced: \n \n \n \nIf there are no such agreements, arrangements or understandings, state \n “none” \n   \n \n \n \nNone \n \n \n \n  \n\n\n(c) Attachments\n Is a Supplemental Form 8 (Open Positions) attached? NO \n\n Date of disclosure: 16-09-2026 \n Contact name: Janice Falcao \n Telephone number: 00442033140679 \n\n\nPublic disclosures under Rule 8 of the Code must be made to a Regulatory\nInformation Service.\n\nThe Panel’s Market Surveillance Unit is available for consultation in\nrelation to the Code’s disclosure requirements on +44 (0)20 7638 0129. The\nCode can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.thetakeoverpanel.org.uk%2F&esheet=54605413&newsitemid=20260916464071&lan=en-US&anchor=www.thetakeoverpanel.org.uk&index=1&md5=3c40fc4d7d6ad928edd4fdeff822966d)\n.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260916464071/en/\n(https://www.businesswire.com/news/home/20260916464071/en/)\n\nQube Research & Technologies LTD\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-09-16T11:57:00.188033793Z","server_sent_at_ms":1789559820188},"received_at":"2026-09-16T11:57:00.355Z","source_url":"https://www.businesswire.com/news/home/20260916464071/en/"},"analysis":{"id":"133886","press_release_id":"145053","analysis_json":{"industry":{"label":"Insurance","sector":"Financials"},"redFlags":["Filing confirms Beazley plc is in a UK Takeover Code offer period, but this disclosure names no offeror or deal terms — monitor for the underlying offer announcement"],"eventType":"regulatory","narrative":"Qube Research & Technologies filed a Rule 8.3 Takeover Code disclosure on Beazley plc, reporting 23,505,354 Beazley 5p ordinary shares held via cash-settled equity swaps — 3.90% of the class — with zero outright share ownership or short positions as of 15 September 2026.\n\nDealing detail shows two-way swap activity during the day, with long-position increases (largest: 215,106 shares at 1,304.00 GBp) outweighing long-position decreases in notional terms, consistent with hedging or market-making rather than a stake-building signal.\n\nRule 8.3 filings occur only during an offer period, so the document confirms a live takeover situation involving Beazley, though it names no offeror and discloses no deal terms. Qube reported no indemnity arrangements and no voting or derivative-related agreements with any party to the offer.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Routine Rule 8.3 dealing disclosure by quant fund Qube on Beazley — the signal is that an offer period is live, but the filing itself is boilerplate; watch for the actual offeror announcement."},"keyFigures":{"customDimensions":{"position_date":"15-09-2026","short_positions":0,"largest_trade_price":"1,304.00 GBp","percent_of_share_class":"3.90%","largest_single_trade_shares":215106,"cash_settled_derivative_position":23505354}},"namedEntities":{"people":[{"name":"Janice Falcao","role":"disclosure contact for Qube Research & Technologies"}],"products":["equity swap (cash-settled derivative on Beazley 5p ordinary shares)"],"companies":[{"name":"Qube Research & Technologies Limited","relationship":"disclosing party / derivative position holder"},{"name":"Beazley plc","ticker":"BEZG","relationship":"offeror/offeree subject of the disclosure"}],"dollarAmounts":[{"amount":"1,304.00","context":"GBp per-unit price for largest equity swap trade (increase of long position, 215,106 shares)"},{"amount":"1,304.50","context":"GBp per-unit price for equity swap decrease of long position (67,348 shares)"},{"amount":"1,305.00","context":"GBp per-unit price for equity swap increase of long position (923 shares)"}]},"materialImpact":{"score":2,"reasoning":"This is a routine Rule 8.3 Takeover Code position/dealing disclosure by hedge fund Qube Research & Technologies regarding Beazley plc. The existence of the filing confirms Beazley is in an offer period, but the form itself names no offeror, reveals no deal terms, and shows no clear directional conviction from a market-neutral quant fund."},"tickerRelevance":{"others":[],"primary":"BEZG"},"globalImportance":18,"audienceRelevance":20,"eventTypeSecondary":["m_and_a"],"importanceComponents":{"tickerTier":"FTSE 100 specialty insurer (mid/large-cap, LSE-listed)","eventGravity":"routine-takeover-code-position-disclosure","issuerAuthored":false,"offerPeriodContext":true,"householdBrandBoost":0,"retailFavoriteBoost":0}},"event_type":"regulatory","event_type_secondary":["m_and_a"],"sentiment":"neutral","material_impact_score":2,"narrative":"Qube Research & Technologies filed a Rule 8.3 Takeover Code disclosure on Beazley plc, reporting 23,505,354 Beazley 5p ordinary shares held via cash-settled equity swaps — 3.90% of the class — with zero outright share ownership or short positions as of 15 September 2026.\n\nDealing detail shows two-way swap activity during the day, with long-position increases (largest: 215,106 shares at 1,304.00 GBp) outweighing long-position decreases in notional terms, consistent with hedging or market-making rather than a stake-building signal.\n\nRule 8.3 filings occur only during an offer period, so the document confirms a live takeover situation involving Beazley, though it names no offeror and discloses no deal terms. Qube reported no indemnity arrangements and no voting or derivative-related agreements with any party to the offer.","key_figures":{"customDimensions":{"position_date":"15-09-2026","short_positions":0,"largest_trade_price":"1,304.00 GBp","percent_of_share_class":"3.90%","largest_single_trade_shares":215106,"cash_settled_derivative_position":23505354}},"named_entities":{"people":[{"name":"Janice Falcao","role":"disclosure contact for Qube Research & Technologies"}],"products":["equity swap (cash-settled derivative on Beazley 5p ordinary shares)"],"companies":[{"name":"Qube Research & Technologies Limited","relationship":"disclosing party / derivative position holder"},{"name":"Beazley plc","ticker":"BEZG","relationship":"offeror/offeree subject of the disclosure"}],"dollarAmounts":[{"amount":"1,304.00","context":"GBp per-unit price for largest equity swap trade (increase of long position, 215,106 shares)"},{"amount":"1,304.50","context":"GBp per-unit price for equity swap decrease of long position (67,348 shares)"},{"amount":"1,305.00","context":"GBp per-unit price for equity swap increase of long position (923 shares)"}]},"model_name":"glm-5.3-flash","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-16T11:57:35.388Z","global_importance":18,"audience_relevance":20,"importance_components":{"tickerTier":"FTSE 100 specialty insurer (mid/large-cap, LSE-listed)","eventGravity":"routine-takeover-code-position-disclosure","issuerAuthored":false,"offerPeriodContext":true,"householdBrandBoost":0,"retailFavoriteBoost":0}},"durationMs":35022,"modelName":"glm-5.3-flash"}}