19th Mar 2026 10:30
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: | 18 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
|
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
| 786444 | 3.83500 GBP | 3.72590 GBP |
25p ordinary | Sell
| 750809 | 3.83500 GBP | 3.72200 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 | 1394 | 3.79099713055954 GBP |
25p ordinary | CFD
| Long | 1394 | 3.77 GBP |
25p ordinary | CFD
| Long | 1390 | 3.778 GBP |
25p ordinary | CFD
| Long | 497 | 3.73400402414487 GBP |
25p ordinary | CFD
| Long | 1571 | 3.72600254614895 GBP |
25p ordinary | CFD
| Long | 4233 | 3.72600047247815 GBP |
25p ordinary | CFD
| Long | 1591 | 3.73 GBP |
25p ordinary | CFD
| Long | 1392 | 3.82199712643678 GBP |
25p ordinary | CFD
| Long | 1393 | 3.81 GBP |
25p ordinary | CFD
| Long | 76 | 3.79197368421053 GBP |
25p ordinary | CFD
| Long | 1301 | 3.80199846272098 GBP |
25p ordinary | CFD
| Long | 1680 | 3.812 GBP |
25p ordinary | CFD
| Long | 1997 | 3.83499749624437 GBP |
25p ordinary | CFD
| Long | 4519 | 3.82200044257579 GBP |
25p ordinary | CFD
| Long | 5386 | 3.81300037133309 GBP |
25p ordinary | CFD
| Long | 5545 | 3.81299909828674 GBP |
25p ordinary | CFD
| Long | 5664 | 3.80700035310734 GBP |
25p ordinary | CFD
| Long | 5717 | 3.80800069966766 GBP |
25p ordinary | CFD
| Long | 6095 | 3.81499917965546 GBP |
25p ordinary | CFD
| Long | 8686 | 3.83 GBP |
25p ordinary | CFD
| Long | 9896 | 3.83399959579628 GBP |
25p ordinary | CFD
| Long | 10189 | 3.82300029443518 GBP |
25p ordinary | CFD
| Long | 10382 | 3.81900019264111 GBP |
25p ordinary | CFD
| Long | 13037 | 3.81700007670476 GBP |
25p ordinary | CFD
| Long | 14146 | 3.81399971723455 GBP |
25p ordinary | CFD
| Long | 13803 | 3.77318064 GBP |
25p ordinary | CFD
| Long | 4032 | 3.74932633 GBP |
25p ordinary | CFD
| Long | 2995 | 3.80956841514524 GBP |
25p ordinary | CFD
| Long | 1341 | 3.74577181208054 GBP |
25p ordinary | CFD
| Long | 1134 | 3.73602292768959 GBP |
25p ordinary | CFD
| Long | 268 | 3.77440298507463 GBP |
25p ordinary | CFD
| Long | 180 | 3.82238888888889 GBP |
25p ordinary | CFD
| Long | 15158 | 3.745813 GBP |
25p ordinary | CFD
| Long | 5838 | 3.745812 GBP |
25p ordinary | CFD
| Long | 2804 | 3.76760806 GBP |
25p ordinary | CFD
| Long | 112968 | 3.77860684010587 GBP |
25p ordinary | CFD
| Long | 13298 | 3.7837519946413 GBP |
25p ordinary | CFD
| Long | 10206 | 3.80309504030766 GBP |
25p ordinary | CFD
| Long | 67521 | 3.74600564 GBP |
25p ordinary | CFD
| Long | 13913 | 3.746 GBP |
25p ordinary | CFD
| Long | 17 | 3.801 GBP |
25p ordinary | CFD
| Long | 24827 | 3.74400717 GBP |
25p ordinary | CFD
| Long | 1253 | 3.784596 GBP |
25p ordinary | CFD
| Long | 40 | 3.79880372375 GBP |
25p ordinary | CFD
| Long | 17 | 3.807 GBP |
25p ordinary | CFD
| Long | 543 | 3.745467 GBP |
25p ordinary | CFD
| Short | 13842 | 3.751389098 GBP |
25p ordinary | CFD
| Short | 11 | 3.812837 GBP |
25p ordinary | CFD
| Short | 5504 | 3.76764898277798 GBP |
25p ordinary | CFD
| Short | 14835 | 3.765055 GBP |
25p ordinary | CFD
| Short | 21421 | 3.746 GBP |
25p ordinary | CFD
| Short | 4518 | 3.7736 GBP |
25p ordinary | CFD
| Short | 60805 | 3.742665 GBP |
25p ordinary | CFD
| Short | 4233 | 3.72600047247815 GBP |
25p ordinary | CFD
| Short | 1571 | 3.72600254614895 GBP |
25p ordinary | CFD
| Short | 497 | 3.73400402414487 GBP |
25p ordinary | CFD
| Short | 1591 | 3.73 GBP |
25p ordinary | CFD
| Short | 1393 | 3.81 GBP |
25p ordinary | CFD
| Short | 7 | 3.82142857142857 GBP |
25p ordinary | CFD
| Short | 8 | 3.79125 GBP |
25p ordinary | CFD
| Short | 146 | 3.736 GBP |
25p ordinary | CFD
| Short | 8 | 3.74625 GBP |
25p ordinary | CFD
| Short | 2519 | 3.74055895196507 GBP |
25p ordinary | CFD
| Short | 2171 | 3.75123629379549 GBP |
25p ordinary | CFD
| Short | 152791 | 3.74662365841156 GBP |
25p ordinary | CFD
| Short | 39292 | 3.74787610348671 GBP |
25p ordinary | CFD
| Short | 17 | 3.807 GBP |
25p ordinary | CFD
| Short | 49 | 3.79828571 GBP |
25p ordinary | CFD
| Short | 17 | 3.801 GBP |
25p ordinary | CFD
| Short | 7612 | 3.812812 GBP |
25p ordinary | CFD
| Short | 76 | 3.79197368421053 GBP |
25p ordinary | CFD
| Short | 4519 | 3.82200044257579 GBP |
25p ordinary | CFD
| Short | 1391 | 3.77 GBP |
25p ordinary | CFD
| Short | 1997 | 3.83499749624437 GBP |
25p ordinary | CFD
| Short | 1680 | 3.812 GBP |
25p ordinary | CFD
| Short | 1301 | 3.80199846272098 GBP |
25p ordinary | CFD
| Short | 14146 | 3.81399971723455 GBP |
25p ordinary | CFD
| Short | 13037 | 3.81700007670476 GBP |
25p ordinary | CFD
| Short | 10382 | 3.81900019264111 GBP |
25p ordinary | CFD
| Short | 10189 | 3.82300029443518 GBP |
25p ordinary | CFD
| Short | 9896 | 3.83399959579628 GBP |
25p ordinary | CFD
| Short | 1385 | 3.822 GBP |
25p ordinary | CFD
| Short | 8686 | 3.83 GBP |
25p ordinary | CFD
| Short | 6095 | 3.81499917965546 GBP |
25p ordinary | CFD
| Short | 5717 | 3.80800069966766 GBP |
25p ordinary | CFD
| Short | 5664 | 3.80700035310734 GBP |
25p ordinary | CFD
| Short | 5545 | 3.81299909828674 GBP |
25p ordinary | CFD
| Short | 1390 | 3.778 GBP |
25p ordinary | CFD
| Short | 5386 | 3.81300037133309 GBP |
25p ordinary | CFD
| Short | 1386 | 3.79100288600289 GBP |
25p ordinary | CFD
| Short | 1438 | 3.73710258 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 |
|
|
|
|
|
(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) |
|
|
|
|
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
|
(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: | 19 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