31st Mar 2026 11:55
FORM 8.5 (EPT/RI)
PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
Rule 8.5 of the Takeover Code (the Code)
1. KEY INFORMATION
(a) Name of exempt principal trader: | UBS Investment Bank, London |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | British Land Company plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | British Land Company plc |
(d) Date dealing undertaken: | 30 March 2026 |
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer? If it is a cash offer or possible cash offer, state "N/A" | YES
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2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(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 | Purchases/ sales
| Total number of securities | Highest price per unit paid/received | Lowest price per unit paid/received |
25p ordinary | Buy
| 634573 | 3.56618 GBP | 3.42816 GBP |
25p ordinary | Sell
| 628563 | 3.56625 GBP | 3.45000 GBP |
(b) Cash-settled derivative transactions
Class of relevant security | Product description e.g. CFD | Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position | Number of reference securities | Price per unit |
25p ordinary | CFD
| Increasing a long position | 117894 | 3.566 GBP |
25p ordinary | CFD
| Increasing a long position | 11437 | 3.565821 GBP |
25p ordinary | CFD
| Increasing a long position | 1 | 3.46221392 GBP |
25p ordinary | CFD
| Increasing a long position | 15 | 3.478 GBP |
25p ordinary | CFD
| Increasing a long position | 4851 | 3.56394163 GBP |
25p ordinary | CFD
| Increasing a long position | 163 | 3.47603680797546 GBP |
25p ordinary | CFD
| Increasing a long position | 8093 | 3.53006326295317 GBP |
25p ordinary | CFD
| Increasing a long position | 50415 | 3.53481525068372 GBP |
25p ordinary | CFD
| Increasing a long position | 48937 | 3.50629276544414 GBP |
25p ordinary | CFD
| Increasing a long position | 2848 | 3.5340393258427 GBP |
25p ordinary | CFD
| Increasing a long position | 309 | 3.53 GBP |
25p ordinary | CFD
| Increasing a long position | 23045 | 3.529063 GBP |
25p ordinary | CFD
| Increasing a long position | 1185 | 3.53895442 GBP |
25p ordinary | CFD
| Reducing a long position | 5110 | 3.557665 GBP |
25p ordinary | CFD
| Reducing a long position | 11055 | 3.559271 GBP |
25p ordinary | CFD
| Reducing a long position | 331 | 3.4782608489426 GBP |
25p ordinary | CFD
| Reducing a long position | 7713 | 3.46122026 GBP |
25p ordinary | CFD
| Reducing a long position | 298 | 3.552 GBP |
25p ordinary | CFD
| Reducing a long position | 7124 | 3.566178 GBP |
25p ordinary | CFD
| Reducing a long position | 370 | 3.428162 GBP |
25p ordinary | CFD
| Reducing a long position | 4155 | 3.548603 GBP |
25p ordinary | CFD
| Reducing a long position | 32 | 3.54753357 GBP |
25p ordinary | CFD
| Reducing a long position | 16 | 3.458 GBP |
25p ordinary | CFD
| Reducing a long position | 9576 | 3.53478028088346 GBP |
25p ordinary | CFD
| Reducing a long position | 30295 | 3.53300974051923 GBP |
25p ordinary | CFD
| Reducing a long position | 2173 | 3.566 GBP |
25p ordinary | CFD
| Reducing a long position | 99 | 3.469 GBP |
25p ordinary | CFD
| Reducing a long position | 34393 | 3.49078682 GBP |
25p ordinary | CFD
| Reducing a long position | 5863 | 3.48514548789016 GBP |
25p ordinary | CFD
| Reducing a long position | 59622 | 3.54376007652561 GBP |
25p ordinary | CFD
| Reducing a long position | 1462 | 3.43715594678523 GBP |
25p ordinary | CFD
| Reducing a long position | 652 | 3.47826084969325 GBP |
25p ordinary | CFD
| Reducing a long position | 91939 | 3.526125 GBP |
25p ordinary | CFD
| Reducing a long position | 162 | 3.478 GBP |
25p ordinary | CFD
| Reducing a long position | 790 | 3.50752405149367 GBP |
25p ordinary | CFD
| Reducing a long position | 7 | 3.55 GBP |
25p ordinary | CFD
| Reducing a long position | 12698 | 3.49308016873445 GBP |
25p ordinary | CFD
| Reducing a long position | 1075 | 3.527 GBP |
25p ordinary | CFD
| Reducing a long position | 2166 | 3.48597229916898 GBP |
25p ordinary | CFD
| Reducing a long position | 7619 | 3.454851 GBP |
25p ordinary | CFD
| Reducing a long position | 19314 | 3.51204708 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 e.g. American, European etc. | Expiry date | Option money paid/ received per unit |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
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(d) Other dealings (including subscribing for new securities)
Class of relevant security | Nature of dealing e.g. subscription, conversion | Details | Price per unit (if applicable) |
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3. 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 exempt principal trader 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
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(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 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 |
| Date of disclosure: | 31 March 2026 |
| Contact name: | Richard Howard |
| Telephone number: | +44 (0)207 568 9128 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [email protected]
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
Related Shares:
British Land