3rd Feb 2026 11:58
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: | 02 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 : |
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
| 953135 | 4.18600 GBP | 4.14400 GBP |
25p ordinary | Sell
| 1606129 | 4.19299 GBP | 4.14000 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 | 3701 | 4.16343637 GBP |
25p ordinary | CFD
| Long | 142976 | 4.144 GBP |
25p ordinary | CFD
| Long | 1277 | 4.154 GBP |
25p ordinary | CFD
| Long | 879 | 4.174 GBP |
25p ordinary | CFD
| Long | 39716 | 4.147026 GBP |
25p ordinary | CFD
| Long | 140000 | 4.1508 GBP |
25p ordinary | CFD
| Long | 595000 | 4.14793 GBP |
25p ordinary | CFD
| Long | 210000 | 4.14872 GBP |
25p ordinary | CFD
| Long | 35000 | 4.14792486 GBP |
25p ordinary | CFD
| Long | 35246 | 4.1477926 GBP |
25p ordinary | CFD
| Long | 5092 | 4.164451 GBP |
25p ordinary | CFD
| Long | 397 | 4.152393 GBP |
25p ordinary | CFD
| Long | 6051 | 4.16646306292844 GBP |
25p ordinary | CFD
| Long | 1691 | 4.18112418669426 GBP |
25p ordinary | CFD
| Long | 15794 | 4.16598201848803 GBP |
25p ordinary | CFD
| Long | 3042 | 4.172 GBP |
25p ordinary | CFD
| Long | 2117 | 4.16683774231932 GBP |
25p ordinary | CFD
| Long | 86 | 4.1705 GBP |
25p ordinary | CFD
| Long | 22 | 4.16190909 GBP |
25p ordinary | CFD
| Long | 129 | 4.17066667 GBP |
25p ordinary | CFD
| Long | 848 | 4.16863443396226 GBP |
25p ordinary | CFD
| Long | 88 | 4.16411273840909 GBP |
25p ordinary | CFD
| Long | 1282 | 4.17596446925117 GBP |
25p ordinary | CFD
| Long | 2949 | 4.164957 GBP |
25p ordinary | CFD
| Long | 1056 | 4.16772537916667 GBP |
25p ordinary | CFD
| Short | 58088 | 4.144 GBP |
25p ordinary | CFD
| Short | 6500 | 4.16586569377385 GBP |
25p ordinary | CFD
| Short | 10042 | 4.14416576 GBP |
25p ordinary | CFD
| Short | 9242 | 4.16782611 GBP |
25p ordinary | CFD
| Short | 12702 | 4.169215 GBP |
25p ordinary | CFD
| Short | 3517 | 4.16381389 GBP |
25p ordinary | CFD
| Short | 1983 | 4.15406 GBP |
25p ordinary | CFD
| Short | 261 | 4.158415 GBP |
25p ordinary | CFD
| Short | 19111 | 4.14431080001047 GBP |
25p ordinary | CFD
| Short | 5501 | 4.15916248383385 GBP |
25p ordinary | CFD
| Short | 2464 | 4.16694661221591 GBP |
25p ordinary | CFD
| Short | 25002 | 4.15171382 GBP |
25p ordinary | CFD
| Short | 31760 | 4.144207 GBP |
25p ordinary | CFD
| Short | 58788 | 4.16573151 GBP |
25p ordinary | CFD
| Short | 46218 | 4.15652516326929 GBP |
25p ordinary | CFD
| Short | 21900 | 4.17889415751598 GBP |
25p ordinary | CFD
| Short | 88544 | 4.15060690450398 GBP |
25p ordinary | CFD
| Short | 14 | 4.15685714285714 GBP |
25p ordinary | CFD
| Short | 62 | 4.164 GBP |
25p ordinary | CFD
| Short | 24401 | 4.15508561 GBP |
25p ordinary | CFD
| Short | 4553 | 4.14556373 GBP |
25p ordinary | CFD
| Short | 43 | 4.172 GBP |
25p ordinary | CFD
| Short | 36520 | 4.14815642422755 GBP |
25p ordinary | CFD
| Short | 26496 | 4.14431080000755 GBP |
25p ordinary | CFD
| Short | 829 | 4.169 GBP |
25p ordinary | CFD
| Short | 6930 | 4.1552746752785 GBP |
25p ordinary | CFD
| Short | 218 | 4.1539869853211 GBP |
25p ordinary | CFD
| Short | 57893 | 4.15613 GBP |
25p ordinary | CFD
| Short | 48001 | 4.14464627751234 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: | 03 February 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