27th Mar 2026 10:37
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: | 26 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
| 935008 | 3.58000 GBP | 3.50800 GBP |
25p ordinary | Sell
| 375852 | 3.58000 GBP | 3.50804 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
| Long | 1651 | 3.52399757722592 GBP |
25p ordinary | CFD
| Long | 30 | 3.55610193 GBP |
25p ordinary | CFD
| Long | 198 | 3.5220202020202 GBP |
25p ordinary | CFD
| Long | 2684 | 3.51599850968703 GBP |
25p ordinary | CFD
| Long | 12764 | 3.54811741 GBP |
25p ordinary | CFD
| Long | 2414 | 3.549822 GBP |
25p ordinary | CFD
| Long | 32 | 3.5376875 GBP |
25p ordinary | CFD
| Long | 31341 | 3.5424658908666 GBP |
25p ordinary | CFD
| Long | 17807 | 3.52958645445948 GBP |
25p ordinary | CFD
| Long | 4248 | 3.54621845684793 GBP |
25p ordinary | CFD
| Long | 2633 | 3.55907520197493 GBP |
25p ordinary | CFD
| Long | 4 | 3.5207468625 GBP |
25p ordinary | CFD
| Long | 2959 | 3.55162155 GBP |
25p ordinary | CFD
| Long | 37 | 3.526487 GBP |
25p ordinary | CFD
| Long | 151 | 3.51881456953642 GBP |
25p ordinary | CFD
| Long | 123 | 3.5220325203252 GBP |
25p ordinary | CFD
| Long | 1307 | 3.57346131553175 GBP |
25p ordinary | CFD
| Long | 432 | 3.553488 GBP |
25p ordinary | CFD
| Long | 65052 | 3.55 GBP |
25p ordinary | CFD
| Long | 11007 | 3.55626456 GBP |
25p ordinary | CFD
| Long | 2159 | 3.5729800834 GBP |
25p ordinary | CFD
| Long | 86456 | 3.549667 GBP |
25p ordinary | CFD
| Long | 6522 | 3.5169993866912 GBP |
25p ordinary | CFD
| Short | 2491 | 3.54453559015255 GBP |
25p ordinary | CFD
| Short | 321 | 3.5219937694704 GBP |
25p ordinary | CFD
| Short | 656 | 3.54958079 GBP |
25p ordinary | CFD
| Short | 11 | 3.55218182 GBP |
25p ordinary | CFD
| Short | 5732 | 3.53746443850837 GBP |
25p ordinary | CFD
| Short | 214 | 3.508178 GBP |
25p ordinary | CFD
| Short | 171268 | 3.55002023355122 GBP |
25p ordinary | CFD
| Short | 61624 | 3.5476285226282 GBP |
25p ordinary | CFD
| Short | 4872 | 3.52726108374384 GBP |
25p ordinary | CFD
| Short | 1739 | 3.51117538856659 GBP |
25p ordinary | CFD
| Short | 85038 | 3.55 GBP |
25p ordinary | CFD
| Short | 42 | 3.52114285714286 GBP |
25p ordinary | CFD
| Short | 25 | 3.56012 GBP |
25p ordinary | CFD
| Short | 82 | 3.5582926802439 GBP |
25p ordinary | CFD
| Short | 4899 | 3.54454680098387 GBP |
25p ordinary | CFD
| Short | 6522 | 3.5169993866912 GBP |
25p ordinary | CFD
| Short | 1651 | 3.52399757722592 GBP |
25p ordinary | CFD
| Short | 2684 | 3.51599850968703 GBP |
25p ordinary | CFD
| Short | 109 | 3.51791743 GBP |
25p ordinary | CFD
| Short | 508 | 3.514 GBP |
25p ordinary | CFD
| Short | 246 | 3.51827236 GBP |
25p ordinary | CFD
| Short | 2596 | 3.5709 GBP |
25p ordinary | CFD
| Short | 25331 | 3.538133 GBP |
25p ordinary | CFD
| Short | 3950 | 3.537768 GBP |
25p ordinary | CFD
| Short | 24294 | 3.56889190746686 GBP |
25p ordinary | CFD
| Short | 72882 | 3.57056200433578 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: | 27 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