1st 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: | 31 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
| 690343 | 3.61603 GBP | 3.55000 GBP |
25p ordinary | Sell
| 700658 | 3.61401 GBP | 3.55000 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 | 15369 | 3.59599973973583 GBP |
25p ordinary | CFD
| Increasing a long position | 15955 | 3.58986753 GBP |
25p ordinary | CFD
| Increasing a long position | 21337 | 3.5536446 GBP |
25p ordinary | CFD
| Increasing a long position | 2576 | 3.5762160471 GBP |
25p ordinary | CFD
| Increasing a long position | 4006 | 3.591176 GBP |
25p ordinary | CFD
| Increasing a long position | 166 | 3.55371568 GBP |
25p ordinary | CFD
| Increasing a long position | 805 | 3.58287981 GBP |
25p ordinary | CFD
| Increasing a long position | 3404 | 3.5927159219624 GBP |
25p ordinary | CFD
| Increasing a long position | 3810 | 3.5992539896 GBP |
25p ordinary | CFD
| Increasing a long position | 33807 | 3.59266746 GBP |
25p ordinary | CFD
| Increasing a long position | 150630 | 3.560952 GBP |
25p ordinary | CFD
| Increasing a long position | 2 | 3.600527195 GBP |
25p ordinary | CFD
| Increasing a long position | 17 | 3.60364705882353 GBP |
25p ordinary | CFD
| Increasing a long position | 14 | 3.59888975214286 GBP |
25p ordinary | CFD
| Increasing a long position | 3 | 3.589 GBP |
25p ordinary | CFD
| Increasing a long position | 749 | 3.554 GBP |
25p ordinary | CFD
| Increasing a long position | 3758 | 3.59922618488781 GBP |
25p ordinary | CFD
| Increasing a long position | 16187 | 3.557839500834 GBP |
25p ordinary | CFD
| Increasing a long position | 124263 | 3.56386394841023 GBP |
25p ordinary | CFD
| Increasing a long position | 2374 | 3.58387110358045 GBP |
25p ordinary | CFD
| Increasing a long position | 24095 | 3.59659925 GBP |
25p ordinary | CFD
| Increasing a long position | 468 | 3.566552 GBP |
25p ordinary | CFD
| Increasing a long position | 14736 | 3.5762155624 GBP |
25p ordinary | CFD
| Increasing a long position | 1064 | 3.59399887142857 GBP |
25p ordinary | CFD
| Reducing a long position | 7392 | 3.55820559971726 GBP |
25p ordinary | CFD
| Reducing a long position | 312 | 3.59152575294872 GBP |
25p ordinary | CFD
| Reducing a long position | 3 | 3.589 GBP |
25p ordinary | CFD
| Reducing a long position | 28777 | 3.585675 GBP |
25p ordinary | CFD
| Reducing a long position | 56176 | 3.554 GBP |
25p ordinary | CFD
| Reducing a long position | 14732 | 3.559426870989 GBP |
25p ordinary | CFD
| Reducing a long position | 11 | 3.602 GBP |
25p ordinary | CFD
| Reducing a long position | 1638 | 3.58610291150794 GBP |
25p ordinary | CFD
| Reducing a long position | 17 | 3.60364705882353 GBP |
25p ordinary | CFD
| Reducing a long position | 2255 | 3.587 GBP |
25p ordinary | CFD
| Reducing a long position | 2255 | 3.586 GBP |
25p ordinary | CFD
| Reducing a long position | 192 | 3.60671875 GBP |
25p ordinary | CFD
| Reducing a long position | 1071 | 3.55639028944911 GBP |
25p ordinary | CFD
| Reducing a long position | 99767 | 3.59075948632133 GBP |
25p ordinary | CFD
| Reducing a long position | 11767 | 3.60672133933883 GBP |
25p ordinary | CFD
| Reducing a long position | 4201 | 3.59485836751012 GBP |
25p ordinary | CFD
| Reducing a long position | 23721 | 3.59824299144218 GBP |
25p ordinary | CFD
| Reducing a long position | 15474 | 3.59833726380251 GBP |
25p ordinary | CFD
| Reducing a long position | 15369 | 3.59599973973583 GBP |
25p ordinary | CFD
| Reducing a long position | 27151 | 3.60672129939965 GBP |
25p ordinary | CFD
| Reducing a long position | 37156 | 3.554178 GBP |
25p ordinary | CFD
| Reducing a long position | 236 | 3.554195 GBP |
25p ordinary | CFD
| Reducing a long position | 18304 | 3.60672093531469 GBP |
25p ordinary | CFD
| Reducing a long position | 5295 | 3.60672143531634 GBP |
25p ordinary | CFD
| Reducing a long position | 613 | 3.59150588257749 GBP |
25p ordinary | CFD
| Reducing a long position | 5495 | 3.60672065514104 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: | 01 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