6th 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: | 05 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
| 3512152 | 3.93271 GBP | 3.85000 GBP |
25p ordinary | Sell
| 3477409 | 3.93271 GBP | 3.84251 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
| Increasing a long position | 1158 | 3.871 GBP |
25p ordinary | CFD
| Increasing a long position | 674 | 3.872 GBP |
25p ordinary | CFD
| Increasing a long position | 100699 | 3.86377 GBP |
25p ordinary | CFD
| Increasing a long position | 518 | 3.914305 GBP |
25p ordinary | CFD
| Increasing a long position | 40 | 3.86475 GBP |
25p ordinary | CFD
| Increasing a long position | 23408 | 3.84250513 GBP |
25p ordinary | CFD
| Increasing a long position | 1595 | 3.874837 GBP |
25p ordinary | CFD
| Increasing a long position | 6326 | 3.85722889661714 GBP |
25p ordinary | CFD
| Increasing a long position | 126000 | 3.85547832 GBP |
25p ordinary | CFD
| Increasing a long position | 181040 | 3.9143 GBP |
25p ordinary | CFD
| Increasing a long position | 4738 | 3.86369137092022 GBP |
25p ordinary | CFD
| Increasing a long position | 1403 | 3.88290805416964 GBP |
25p ordinary | CFD
| Increasing a long position | 11 | 3.90545454545455 GBP |
25p ordinary | CFD
| Increasing a long position | 1036 | 3.85777027027027 GBP |
25p ordinary | CFD
| Increasing a long position | 168 | 3.88863095238095 GBP |
25p ordinary | CFD
| Increasing a long position | 1279 | 3.90754495699765 GBP |
25p ordinary | CFD
| Increasing a long position | 13843 | 3.857807 GBP |
25p ordinary | CFD
| Increasing a long position | 10179 | 3.86906994816583 GBP |
25p ordinary | CFD
| Increasing a long position | 9 | 3.86894055777778 GBP |
25p ordinary | CFD
| Increasing a long position | 5 | 3.914 GBP |
25p ordinary | CFD
| Increasing a long position | 11526 | 3.86871082819365 GBP |
25p ordinary | CFD
| Increasing a long position | 67 | 3.858 GBP |
25p ordinary | CFD
| Increasing a long position | 22 | 3.864258 GBP |
25p ordinary | CFD
| Increasing a long position | 5 | 3.918 GBP |
25p ordinary | CFD
| Increasing a long position | 104082 | 3.86429626302406 GBP |
25p ordinary | CFD
| Increasing a long position | 21652 | 3.87606437865047 GBP |
25p ordinary | CFD
| Increasing a long position | 3459 | 3.89030471105811 GBP |
25p ordinary | CFD
| Increasing a long position | 1641 | 3.89962583790372 GBP |
25p ordinary | CFD
| Increasing a long position | 2797 | 3.8716567751162 GBP |
25p ordinary | CFD
| Increasing a long position | 22 | 3.915 GBP |
25p ordinary | CFD
| Increasing a long position | 58816 | 3.87973237 GBP |
25p ordinary | CFD
| Increasing a long position | 1728 | 3.8877589462963 GBP |
25p ordinary | CFD
| Increasing a long position | 4763 | 3.869 GBP |
25p ordinary | CFD
| Reducing a long position | 13370 | 3.886019 GBP |
25p ordinary | CFD
| Reducing a long position | 706662 | 3.858 GBP |
25p ordinary | CFD
| Reducing a long position | 853 | 3.85856975381008 GBP |
25p ordinary | CFD
| Reducing a long position | 724 | 3.8585773480663 GBP |
25p ordinary | CFD
| Reducing a long position | 18609 | 3.89554318 GBP |
25p ordinary | CFD
| Reducing a long position | 9149 | 3.87102867776806 GBP |
25p ordinary | CFD
| Reducing a long position | 3987 | 3.8580010032606 GBP |
25p ordinary | CFD
| Reducing a long position | 12370 | 3.858193 GBP |
25p ordinary | CFD
| Reducing a long position | 209 | 3.860765 GBP |
25p ordinary | CFD
| Reducing a long position | 5 | 3.918 GBP |
25p ordinary | CFD
| Reducing a long position | 1 | 3.879 GBP |
25p ordinary | CFD
| Reducing a long position | 27 | 3.91481481481481 GBP |
25p ordinary | CFD
| Reducing a long position | 2093 | 3.86185284 GBP |
25p ordinary | CFD
| Reducing a long position | 17276 | 3.89989858603844 GBP |
25p ordinary | CFD
| Reducing a long position | 10480 | 3.89673244349237 GBP |
25p ordinary | CFD
| Reducing a long position | 74986 | 3.88092544980876 GBP |
25p ordinary | CFD
| Reducing a long position | 49375 | 3.89176885 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: | 06 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