18th Mar 2026 11:30
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: | 17 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
| 216006 | 3.80599 GBP | 3.73000 GBP |
25p ordinary | Sell
| 465101 | 3.80599 GBP | 3.72121 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 | 16998 | 3.766 GBP |
25p ordinary | CFD
| Long | 706 | 3.772471 GBP |
25p ordinary | CFD
| Long | 70000 | 3.7527 GBP |
25p ordinary | CFD
| Long | 3184 | 3.79599874371859 GBP |
25p ordinary | CFD
| Long | 1097 | 3.80400182315406 GBP |
25p ordinary | CFD
| Long | 6513 | 3.78900046061723 GBP |
25p ordinary | CFD
| Long | 1155 | 3.76733011 GBP |
25p ordinary | CFD
| Long | 4037 | 3.79538665 GBP |
25p ordinary | CFD
| Long | 5560 | 3.7833903022554 GBP |
25p ordinary | CFD
| Long | 2072 | 3.7604275521 GBP |
25p ordinary | CFD
| Long | 231 | 3.76575757575758 GBP |
25p ordinary | CFD
| Long | 72 | 3.74583333333333 GBP |
25p ordinary | CFD
| Long | 2205 | 3.76577324263039 GBP |
25p ordinary | CFD
| Long | 3383 | 3.77654448714159 GBP |
25p ordinary | CFD
| Long | 11553 | 3.765811 GBP |
25p ordinary | CFD
| Long | 13078 | 3.765812 GBP |
25p ordinary | CFD
| Long | 52584 | 3.76920975967842 GBP |
25p ordinary | CFD
| Long | 102 | 3.78591176421569 GBP |
25p ordinary | CFD
| Long | 15 | 3.76933333333333 GBP |
25p ordinary | CFD
| Long | 1341 | 3.72120805 GBP |
25p ordinary | CFD
| Long | 3113 | 3.74630935 GBP |
25p ordinary | CFD
| Long | 4955 | 3.79374893797175 GBP |
25p ordinary | CFD
| Long | 12176 | 3.77562976565703 GBP |
25p ordinary | CFD
| Long | 37544 | 3.78446377321862 GBP |
25p ordinary | CFD
| Long | 127260 | 3.76922643801194 GBP |
25p ordinary | CFD
| Long | 1341 | 3.754 GBP |
25p ordinary | CFD
| Long | 1 | 3.744 GBP |
25p ordinary | CFD
| Long | 23636 | 3.77496349560459 GBP |
25p ordinary | CFD
| Long | 38 | 3.77743991421053 GBP |
25p ordinary | CFD
| Long | 3 | 3.794 GBP |
25p ordinary | CFD
| Long | 6161 | 3.77229216289076 GBP |
25p ordinary | CFD
| Long | 868 | 3.79534000737327 GBP |
25p ordinary | CFD
| Long | 362 | 3.7604172597 GBP |
25p ordinary | CFD
| Short | 93 | 3.78173774 GBP |
25p ordinary | CFD
| Short | 2218 | 3.76478359 GBP |
25p ordinary | CFD
| Short | 17483 | 3.76628267 GBP |
25p ordinary | CFD
| Short | 648 | 3.80399691358025 GBP |
25p ordinary | CFD
| Short | 59837 | 3.766 GBP |
25p ordinary | CFD
| Short | 2388 | 3.75938864 GBP |
25p ordinary | CFD
| Short | 1670 | 3.77562900441916 GBP |
25p ordinary | CFD
| Short | 5891 | 3.76600067900187 GBP |
25p ordinary | CFD
| Short | 12 | 3.75571788 GBP |
25p ordinary | CFD
| Short | 3 | 3.794 GBP |
25p ordinary | CFD
| Short | 14756 | 3.7704957317559 GBP |
25p ordinary | CFD
| Short | 424 | 3.78596698 GBP |
25p ordinary | CFD
| Short | 226 | 3.786 GBP |
25p ordinary | CFD
| Short | 17089 | 3.7812961 GBP |
25p ordinary | CFD
| Short | 15 | 3.76933333333333 GBP |
25p ordinary | CFD
| Short | 1 | 3.72692461 GBP |
25p ordinary | CFD
| Short | 3184 | 3.79599874371859 GBP |
25p ordinary | CFD
| Short | 6513 | 3.78900046061723 GBP |
25p ordinary | CFD
| Short | 449 | 3.80400890868597 GBP |
25p ordinary | CFD
| Short | 29031 | 3.77258220432882 GBP |
25p ordinary | CFD
| Short | 1 | 3.798 GBP |
25p ordinary | CFD
| Short | 2703 | 3.751921 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: | 18 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