10th Apr 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: | 09 April 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
| 737074 | 3.80350 GBP | 3.75444 GBP |
25p ordinary | Sell
| 801448 | 3.80350 GBP | 3.75444 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 | 28123 | 3.802 GBP |
25p ordinary | CFD
| Increasing a long position | 170036 | 3.793 GBP |
25p ordinary | CFD
| Increasing a long position | 19 | 3.783 GBP |
25p ordinary | CFD
| Increasing a long position | 2372 | 3.7735369494 GBP |
25p ordinary | CFD
| Increasing a long position | 6847 | 3.77276135460786 GBP |
25p ordinary | CFD
| Increasing a long position | 7210 | 3.77171325 GBP |
25p ordinary | CFD
| Increasing a long position | 61308 | 3.79841947227947 GBP |
25p ordinary | CFD
| Increasing a long position | 22816 | 3.78819857 GBP |
25p ordinary | CFD
| Increasing a long position | 78985 | 3.77445504 GBP |
25p ordinary | CFD
| Increasing a long position | 1 | 3.782 GBP |
25p ordinary | CFD
| Increasing a long position | 5562 | 3.7790061905178 GBP |
25p ordinary | CFD
| Increasing a long position | 7655 | 3.77764604031744 GBP |
25p ordinary | CFD
| Increasing a long position | 54057 | 3.77869393071425 GBP |
25p ordinary | CFD
| Increasing a long position | 69112 | 3.77333996 GBP |
25p ordinary | CFD
| Increasing a long position | 5378 | 3.79665279533656 GBP |
25p ordinary | CFD
| Increasing a long position | 26115 | 3.77695707433846 GBP |
25p ordinary | CFD
| Increasing a long position | 11872 | 3.76950934770974 GBP |
25p ordinary | CFD
| Increasing a long position | 6 | 3.78 GBP |
25p ordinary | CFD
| Increasing a long position | 3775 | 3.78076953642384 GBP |
25p ordinary | CFD
| Increasing a long position | 3 | 3.792 GBP |
25p ordinary | CFD
| Increasing a long position | 225 | 3.77613333 GBP |
25p ordinary | CFD
| Increasing a long position | 4094 | 3.79128334 GBP |
25p ordinary | CFD
| Reducing a long position | 48287 | 3.789738 GBP |
25p ordinary | CFD
| Reducing a long position | 1274 | 3.78002485037677 GBP |
25p ordinary | CFD
| Reducing a long position | 129603 | 3.79983527423594 GBP |
25p ordinary | CFD
| Reducing a long position | 7885 | 3.76470247086874 GBP |
25p ordinary | CFD
| Reducing a long position | 96 | 3.764 GBP |
25p ordinary | CFD
| Reducing a long position | 30207 | 3.802 GBP |
25p ordinary | CFD
| Reducing a long position | 8346 | 3.79874843 GBP |
25p ordinary | CFD
| Reducing a long position | 6 | 3.78 GBP |
25p ordinary | CFD
| Reducing a long position | 2 | 3.78988039 GBP |
25p ordinary | CFD
| Reducing a long position | 1452 | 3.79005836 GBP |
25p ordinary | CFD
| Reducing a long position | 48120 | 3.80219 GBP |
25p ordinary | CFD
| Reducing a long position | 38805 | 3.7885073447699 GBP |
25p ordinary | CFD
| Reducing a long position | 683 | 3.78006240316252 GBP |
25p ordinary | CFD
| Reducing a long position | 12116 | 3.796086 GBP |
25p ordinary | CFD
| Reducing a long position | 30 | 3.784 GBP |
25p ordinary | CFD
| Reducing a long position | 302 | 3.77393046 GBP |
25p ordinary | CFD
| Reducing a long position | 971 | 3.775 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: | 10 April 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