Beazley PLC: JPMorgan Chase & Co. Crosses Threshold in Holdings

Beazley PLC announced on September 22 that JPMorgan Chase & Co. had crossed a threshold in its holdings in the company.

The notification was made under the UK's Transparency Directive, and it revealed that JPMorgan Chase had acquired or disposed of financial instruments related to Beazley PLC.

As of September 18, JPMorgan Chase held 3.056061% of Beazley PLC's voting rights directly and 4.023232% indirectly through its subsidiary J.P. Morgan Securities LLC.

The company also disclosed that it had entered into cash-settled equity swaps with various expiration dates, which would allow JPMorgan Chase to acquire or sell Beazley PLC shares.