2nd Mar 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: | 27 February 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
| 1310937 | 4.13600 GBP | 4.08000 GBP |
25p ordinary | Sell
| 1330764 | 4.13600 GBP | 4.07918 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 | 1064 | 4.08 GBP |
25p ordinary | CFD
| Long | 18 | 4.114 GBP |
25p ordinary | CFD
| Long | 18452 | 4.101306 GBP |
25p ordinary | CFD
| Long | 172 | 4.0802423255814 GBP |
25p ordinary | CFD
| Long | 786 | 4.1140203562341 GBP |
25p ordinary | CFD
| Long | 107467 | 4.07918402858552 GBP |
25p ordinary | CFD
| Long | 1813 | 5.4929448 USD |
25p ordinary | CFD
| Long | 13234 | 4.11035725898897 GBP |
25p ordinary | CFD
| Long | 93759 | 4.09024414 GBP |
25p ordinary | CFD
| Long | 625 | 4.128 GBP |
25p ordinary | CFD
| Long | 3720 | 4.11146505709677 GBP |
25p ordinary | CFD
| Long | 13856 | 4.1148907339528 GBP |
25p ordinary | CFD
| Long | 19 | 4.117 GBP |
25p ordinary | CFD
| Long | 9 | 4.12 GBP |
25p ordinary | CFD
| Long | 1088 | 4.103405 GBP |
25p ordinary | CFD
| Long | 1760 | 4.126 GBP |
25p ordinary | CFD
| Long | 462 | 4.091606 GBP |
25p ordinary | CFD
| Long | 1199 | 4.103445 GBP |
25p ordinary | CFD
| Long | 2898 | 4.13399930986888 GBP |
25p ordinary | CFD
| Long | 2634 | 4.13599848139711 GBP |
25p ordinary | CFD
| Long | 13436 | 4.10433 GBP |
25p ordinary | CFD
| Long | 1 | 4.09 GBP |
25p ordinary | CFD
| Long | 90590 | 4.07938801192185 GBP |
25p ordinary | CFD
| Short | 22519 | 4.11446804 GBP |
25p ordinary | CFD
| Short | 79490 | 4.08417261900554 GBP |
25p ordinary | CFD
| Short | 1595 | 4.12223548850157 GBP |
25p ordinary | CFD
| Short | 2 | 4.0803264 GBP |
25p ordinary | CFD
| Short | 854 | 4.12484881 GBP |
25p ordinary | CFD
| Short | 114961 | 4.08 GBP |
25p ordinary | CFD
| Short | 4891 | 4.0993 GBP |
25p ordinary | CFD
| Short | 38982 | 4.0845134 GBP |
25p ordinary | CFD
| Short | 37734 | 4.08598804563736 GBP |
25p ordinary | CFD
| Short | 18 | 4.114 GBP |
25p ordinary | CFD
| Short | 1729 | 4.11889998415847 GBP |
25p ordinary | CFD
| Short | 19 | 4.117 GBP |
25p ordinary | CFD
| Short | 418 | 4.12054303966507 GBP |
25p ordinary | CFD
| Short | 3 | 4.108 GBP |
25p ordinary | CFD
| Short | 5193 | 4.11594762002503 GBP |
25p ordinary | CFD
| Short | 6189 | 4.08237583042495 GBP |
25p ordinary | CFD
| Short | 1625 | 4.11599753846154 GBP |
25p ordinary | CFD
| Short | 23981 | 4.10869859 GBP |
25p ordinary | CFD
| Short | 1412 | 4.080205 GBP |
25p ordinary | CFD
| Short | 39451 | 4.080204 GBP |
25p ordinary | CFD
| Short | 875 | 4.11890089485714 GBP |
25p ordinary | CFD
| Short | 625 | 4.128 GBP |
25p ordinary | CFD
| Short | 9 | 4.12 GBP |
25p ordinary | CFD
| Short | 1760 | 4.126 GBP |
25p ordinary | CFD
| Short | 2634 | 4.13599848139711 GBP |
25p ordinary | CFD
| Short | 2898 | 4.13399930986888 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: | 02 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