{"success":true,"data":{"pressRelease":{"id":"56404","rtpr_id":"nBw4bb416a","ticker":"BEZG","exchange":"LSE","all_tickers":["BEZG"],"title":"REG-Millennium Partners, L.P. Form 8.3","author":"Business Wire","published_at":"2026-06-05T14:25:00.093Z","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:                                                          Millennium International Management LP  \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:                                           4(th) June 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                No                                      \n disclosures in respect of any other party to the offer?                                                                      \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 (GB00BYQ0JC66)                              \n                                                                          Interests                       Short positions         \n \n                                                                                                                                \n \n                                                                                                                                \n                                                                          Number            %             Number          %       \n (1) Relevant securities owned and/or controlled:                         -                 -             -               -       \n (2) Cash-settled derivatives:                                            18,577,773        3.089%        -               -       \n \n                                                                                                                                \n \n                                                                                                                                \n (3) Stock-settled derivatives (including options) and agreements to      -                 -             -               -       \n purchase/sell:                                                                                                                   \n                                                                          18,577,773        3.089%        -               -       \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:           \n Details, including nature of the rights concerned and relevant percentages:          \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 (GBP)  \n                                 \n                                                                  \n                                 \n                                                                  \n                                                                                                    \n\n\n(b) Cash-settled derivative transactions\n Class of relevant security      Product description      Nature of dealing                                                                  Number of reference securities      Price per unit  \n                                 \n                        \n                                                                                                                      \n               \n                                 \ne.g. CFD                \ne.g. opening/closing a long/short position, increasing/reducing a long/short                                          \n               \n                                                          position                                                                                                                               \n GB00BYQ0JC66                    Equity Swap              Opening a Long Position                                                            42,149                              12.83 GBP       \n GB00BYQ0JC66                    Equity Swap              Increasing a Long Position                                                         61,988                              12.83 GBP       \n GB00BYQ0JC66                    Equity Swap              Increasing a Long Position                                                         88,609                              12.83 GBP       \n GB00BYQ0JC66                    Equity Swap              Increasing a Long Position                                                         378,258                             12.83 GBP       \n GB00BYQ0JC66                    Equity Swap              Reducing a Long Position                                                           61,988                              12.83 GBP       \n GB00BYQ0JC66                    Equity Swap              Reducing a Long Position                                                           88,609                              12.83 GBP       \n GB00BYQ0JC66                    Equity Swap              Reducing a Long Position                                                           378,258                             12.83 GBP       \n GB00BYQ0JC66                    Equity Swap              Reducing a Long Position                                                           5,699                               12.83 GBP       \n GB00BYQ0JC66                    Equity Swap              Reducing a Long Position                                                           3,807                               12.83 GBP       \n GB00BYQ0JC66                    Equity Swap              Reducing a Long Position                                                           1,708                               12.83 GBP       \n GB00BYQ0JC66                    Equity Swap              Reducing a Long Position                                                           1,707                               12.82 GBP       \n GB00BYQ0JC66                    Equity Swap              Reducing a Long Position                                                           105                                 12.83 GBP       \n GB00BYQ0JC66                    Equity Swap              Reducing a Long Position                                                           242                                 12.82 GBP       \n GB00BYQ0JC66                    Equity Swap              Reducing a Long Position                                                           19,597                              12.83 GBP       \n GB00BYQ0JC66                    Equity Swap              Increasing a Long Position                                                         12,469                              12.83 GBP       \n GB00BYQ0JC66                    Equity Swap              Increasing a Long Position                                                         4,360                               12.82 GBP       \n GB00BYQ0JC66                    Equity Swap              Increasing a Long Position                                                         76                                  12.82 GBP       \n GB00BYQ0JC66                    Equity Swap              Increasing a Long Position                                                         1,942                               12.83 GBP       \n GB00BYQ0JC66                    Equity Swap              Increasing a Long Position                                                         34                                  12.82 GBP       \n GB00BYQ0JC66                    Equity Swap              Increasing a Long Position                                                         297                                 12.83 GBP       \n GB00BYQ0JC66                    Equity Swap              Increasing a Long Position                                                         4,397                               12.83 GBP       \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      Type                               Expiry date      Option money paid/ received per unit  \n                                                                                                                                                                                                          \n                                                                                         \n                                                                                                                                                                                                          \ne.g. American, European etc.                                                             \n                                                                                                                                                                                                                                                                                                    \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                                                                                                                                                \n                                                                                                                       \n                        \n                                                                                                                       \n                        \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                                                                                                                  \n                                 \n                                                                                \n                                 \n                                                                                \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:      5(th) June 2026   \n Contact name:            Stephen Glasper   \n                          \n                 \n                          \n                 \n Telephone number:        +44 203 398 2166  \n\n\nPublic disclosures under Rule 8 of the Code must be made to a Regulatory\nInformation Service and must also be emailed to the Takeover Panel at\nmonitoring@disclosure.org.uk (mailto:monitoring@disclosure.org.uk) . The\nPanel’s Market Surveillance Unit is available for consultation in relation\nto the Code’s disclosure requirements on +44 (0)20 7638 0129.\n\nThe Code 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&esheet=54548113&newsitemid=20260605700613&lan=en-US&anchor=www.thetakeoverpanel.org.uk&index=1&md5=d0bd80099867ed53b32cb7d72b8abcb9)\n.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260605700613/en/\n(https://www.businesswire.com/news/home/20260605700613/en/)\n\nMillennium Partners, L.P.\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw4bb416a","title":"REG-Millennium Partners, L.P. Form 8.3","author":"Business Wire","ticker":"BEZG","created":"2026-06-05T14:25:00.093Z","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:                                                          Millennium International Management LP  \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:                                           4(th) June 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                No                                      \n disclosures in respect of any other party to the offer?                                                                      \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 (GB00BYQ0JC66)                              \n                                                                          Interests                       Short positions         \n \n                                                                                                                                \n \n                                                                                                                                \n                                                                          Number            %             Number          %       \n (1) Relevant securities owned and/or controlled:                         -                 -             -               -       \n (2) Cash-settled derivatives:                                            18,577,773        3.089%        -               -       \n \n                                                                                                                                \n \n                                                                                                                                \n (3) Stock-settled derivatives (including options) and agreements to      -                 -             -               -       \n purchase/sell:                                                                                                                   \n                                                                          18,577,773        3.089%        -               -       \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:           \n Details, including nature of the rights concerned and relevant percentages:          \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 (GBP)  \n                                 \n                                                                  \n                                 \n                                                                  \n                                                                                                    \n\n\n(b) Cash-settled derivative transactions\n Class of relevant security      Product description      Nature of dealing                                                                  Number of reference securities      Price per unit  \n                                 \n                        \n                                                                                                                      \n               \n                                 \ne.g. CFD                \ne.g. opening/closing a long/short position, increasing/reducing a long/short                                          \n               \n                                                          position                                                                                                                               \n GB00BYQ0JC66                    Equity Swap              Opening a Long Position                                                            42,149                              12.83 GBP       \n GB00BYQ0JC66                    Equity Swap              Increasing a Long Position                                                         61,988                              12.83 GBP       \n GB00BYQ0JC66                    Equity Swap              Increasing a Long Position                                                         88,609                              12.83 GBP       \n GB00BYQ0JC66                    Equity Swap              Increasing a Long Position                                                         378,258                             12.83 GBP       \n GB00BYQ0JC66                    Equity Swap              Reducing a Long Position                                                           61,988                              12.83 GBP       \n GB00BYQ0JC66                    Equity Swap              Reducing a Long Position                                                           88,609                              12.83 GBP       \n GB00BYQ0JC66                    Equity Swap              Reducing a Long Position                                                           378,258                             12.83 GBP       \n GB00BYQ0JC66                    Equity Swap              Reducing a Long Position                                                           5,699                               12.83 GBP       \n GB00BYQ0JC66                    Equity Swap              Reducing a Long Position                                                           3,807                               12.83 GBP       \n GB00BYQ0JC66                    Equity Swap              Reducing a Long Position                                                           1,708                               12.83 GBP       \n GB00BYQ0JC66                    Equity Swap              Reducing a Long Position                                                           1,707                               12.82 GBP       \n GB00BYQ0JC66                    Equity Swap              Reducing a Long Position                                                           105                                 12.83 GBP       \n GB00BYQ0JC66                    Equity Swap              Reducing a Long Position                                                           242                                 12.82 GBP       \n GB00BYQ0JC66                    Equity Swap              Reducing a Long Position                                                           19,597                              12.83 GBP       \n GB00BYQ0JC66                    Equity Swap              Increasing a Long Position                                                         12,469                              12.83 GBP       \n GB00BYQ0JC66                    Equity Swap              Increasing a Long Position                                                         4,360                               12.82 GBP       \n GB00BYQ0JC66                    Equity Swap              Increasing a Long Position                                                         76                                  12.82 GBP       \n GB00BYQ0JC66                    Equity Swap              Increasing a Long Position                                                         1,942                               12.83 GBP       \n GB00BYQ0JC66                    Equity Swap              Increasing a Long Position                                                         34                                  12.82 GBP       \n GB00BYQ0JC66                    Equity Swap              Increasing a Long Position                                                         297                                 12.83 GBP       \n GB00BYQ0JC66                    Equity Swap              Increasing a Long Position                                                         4,397                               12.83 GBP       \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      Type                               Expiry date      Option money paid/ received per unit  \n                                                                                                                                                                                                          \n                                                                                         \n                                                                                                                                                                                                          \ne.g. American, European etc.                                                             \n                                                                                                                                                                                                                                                                                                    \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                                                                                                                                                \n                                                                                                                       \n                        \n                                                                                                                       \n                        \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                                                                                                                  \n                                 \n                                                                                \n                                 \n                                                                                \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:      5(th) June 2026   \n Contact name:            Stephen Glasper   \n                          \n                 \n                          \n                 \n Telephone number:        +44 203 398 2166  \n\n\nPublic disclosures under Rule 8 of the Code must be made to a Regulatory\nInformation Service and must also be emailed to the Takeover Panel at\nmonitoring@disclosure.org.uk (mailto:monitoring@disclosure.org.uk) . The\nPanel’s Market Surveillance Unit is available for consultation in relation\nto the Code’s disclosure requirements on +44 (0)20 7638 0129.\n\nThe Code 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&esheet=54548113&newsitemid=20260605700613&lan=en-US&anchor=www.thetakeoverpanel.org.uk&index=1&md5=d0bd80099867ed53b32cb7d72b8abcb9)\n.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260605700613/en/\n(https://www.businesswire.com/news/home/20260605700613/en/)\n\nMillennium Partners, L.P.\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-06-05T14:25:00.177855503Z","server_sent_at_ms":1780669500177},"received_at":"2026-06-05T14:25:00.365Z","source_url":"https://www.businesswire.com/news/home/20260605700613/en/"},"analysis":{"id":"45830","press_release_id":"56404","analysis_json":{"industry":{"label":"Insurance","sector":"Financials"},"redFlags":[],"eventType":"insider_transaction","narrative":"Millennium International Management LP filed a Form 8.3 disclosure under the UK Takeover Code regarding its positions in Beazley plc.\n\nThe filing reveals a net position of 18,577,773 cash-settled derivatives (equity swaps), representing 3.089% of the issued share capital.\n\nThe disclosure details numerous opening and closing transactions in equity swaps at prices of 12.82-12.83 GBP, resulting in no net change to the overall position size.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Routine regulatory disclosure of Millennium's derivative book; no net change in position."},"keyFigures":{"customDimensions":{"dealing_price_gbp":12.83,"net_dealing_shares":0,"total_cash_settled_derivatives":18577773,"total_cash_settled_derivatives_pct":"3.089%"}},"quotedText":"NONE","namedEntities":{"people":[{"name":"Stephen Glasper","role":"Contact Person"}],"products":[],"companies":[{"name":"Millennium International Management LP","relationship":"discloser"},{"name":"Beazley plc","ticker":"BEZG","relationship":"issuer"}],"dollarAmounts":[{"amount":"12.83 GBP","context":"price per unit for equity swap dealings"},{"amount":"12.82 GBP","context":"price per unit for some equity swap dealings"}]},"materialImpact":{"score":1,"reasoning":"This is a routine regulatory disclosure (Form 8.3) of a large institutional investor's (Millennium) derivative positions. While the notional value is significant, these are standard market-making/hedging activities for a multi-strategy hedge fund and do not signal a specific corporate event or directional view on the issuer."},"tickerRelevance":{"others":[],"primary":"BEZG"},"globalImportance":5,"audienceRelevance":10,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mid-cap","eventGravity":"regulatory-disclosure","householdBrandBoost":0,"marketCapAdjustment":"low"}},"event_type":"insider_transaction","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Millennium International Management LP filed a Form 8.3 disclosure under the UK Takeover Code regarding its positions in Beazley plc.\n\nThe filing reveals a net position of 18,577,773 cash-settled derivatives (equity swaps), representing 3.089% of the issued share capital.\n\nThe disclosure details numerous opening and closing transactions in equity swaps at prices of 12.82-12.83 GBP, resulting in no net change to the overall position size.","key_figures":{"customDimensions":{"dealing_price_gbp":12.83,"net_dealing_shares":0,"total_cash_settled_derivatives":18577773,"total_cash_settled_derivatives_pct":"3.089%"}},"named_entities":{"people":[{"name":"Stephen Glasper","role":"Contact Person"}],"products":[],"companies":[{"name":"Millennium International Management LP","relationship":"discloser"},{"name":"Beazley plc","ticker":"BEZG","relationship":"issuer"}],"dollarAmounts":[{"amount":"12.83 GBP","context":"price per unit for equity swap dealings"},{"amount":"12.82 GBP","context":"price per unit for some equity swap dealings"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-06-05T14:25:44.811Z","global_importance":5,"audience_relevance":10,"importance_components":{"tickerTier":"mid-cap","eventGravity":"regulatory-disclosure","householdBrandBoost":0,"marketCapAdjustment":"low"}},"durationMs":44420,"modelName":"george-droid-qwen-72b"}}