5th 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: | 04 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
| 370848 | 3.89038 GBP | 3.78407 GBP |
25p ordinary | Sell
| 676898 | 3.89038 GBP | 3.79500 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 | 255 | 3.8673281596 GBP |
25p ordinary | CFD
| Increasing a long position | 4 | 3.887 GBP |
25p ordinary | CFD
| Increasing a long position | 852 | 3.872 GBP |
25p ordinary | CFD
| Increasing a long position | 486383 | 3.89 GBP |
25p ordinary | CFD
| Increasing a long position | 2921 | 3.87295344000342 GBP |
25p ordinary | CFD
| Increasing a long position | 42 | 3.87 GBP |
25p ordinary | CFD
| Increasing a long position | 41459 | 3.88922188185919 GBP |
25p ordinary | CFD
| Increasing a long position | 6634 | 3.88052849125716 GBP |
25p ordinary | CFD
| Increasing a long position | 150 | 3.8898 GBP |
25p ordinary | CFD
| Increasing a long position | 4 | 3.8161448925 GBP |
25p ordinary | CFD
| Increasing a long position | 10 | 3.883 GBP |
25p ordinary | CFD
| Increasing a long position | 6170 | 3.870322 GBP |
25p ordinary | CFD
| Increasing a long position | 60 | 3.87133333333333 GBP |
25p ordinary | CFD
| Increasing a long position | 540 | 3.88003420577778 GBP |
25p ordinary | CFD
| Increasing a long position | 1797 | 3.88345 GBP |
25p ordinary | CFD
| Increasing a long position | 1 | 3.888 GBP |
25p ordinary | CFD
| Increasing a long position | 94100 | 3.88980334130117 GBP |
25p ordinary | CFD
| Increasing a long position | 17760 | 3.86303434712725 GBP |
25p ordinary | CFD
| Increasing a long position | 278 | 3.88201438848921 GBP |
25p ordinary | CFD
| Increasing a long position | 1997 | 3.87193289934902 GBP |
25p ordinary | CFD
| Increasing a long position | 294 | 3.83676870748299 GBP |
25p ordinary | CFD
| Reducing a long position | 20670 | 3.887588 GBP |
25p ordinary | CFD
| Reducing a long position | 698 | 3.800186 GBP |
25p ordinary | CFD
| Reducing a long position | 151 | 3.89026490066225 GBP |
25p ordinary | CFD
| Reducing a long position | 8817 | 3.89029175002835 GBP |
25p ordinary | CFD
| Reducing a long position | 38748 | 3.84647370208604 GBP |
25p ordinary | CFD
| Reducing a long position | 118 | 3.78398305084746 GBP |
25p ordinary | CFD
| Reducing a long position | 13027 | 3.85903200940738 GBP |
25p ordinary | CFD
| Reducing a long position | 2300 | 3.87582805521739 GBP |
25p ordinary | CFD
| Reducing a long position | 53737 | 3.86338501 GBP |
25p ordinary | CFD
| Reducing a long position | 664 | 3.8222048188253 GBP |
25p ordinary | CFD
| Reducing a long position | 144 | 3.87138888888889 GBP |
25p ordinary | CFD
| Reducing a long position | 5790 | 3.89 GBP |
25p ordinary | CFD
| Reducing a long position | 476 | 3.80134453781513 GBP |
25p ordinary | CFD
| Reducing a long position | 15 | 3.87866666666667 GBP |
25p ordinary | CFD
| Reducing a long position | 45 | 3.87311111 GBP |
25p ordinary | CFD
| Reducing a long position | 4307 | 3.861617 GBP |
25p ordinary | CFD
| Reducing a long position | 95530 | 3.85811359 GBP |
25p ordinary | CFD
| Reducing a long position | 1490 | 3.836 GBP |
25p ordinary | CFD
| Reducing a long position | 15 | 3.866 GBP |
25p ordinary | CFD
| Reducing a long position | 17191 | 3.89029174998546 GBP |
25p ordinary | CFD
| Reducing a long position | 278 | 3.88201438848921 GBP |
25p ordinary | CFD
| Reducing a long position | 5780 | 3.86654607137631 GBP |
25p ordinary | CFD
| Reducing a long position | 4485 | 3.87583135555184 GBP |
25p ordinary | CFD
| Reducing a long position | 21212 | 3.88636688 GBP |
25p ordinary | CFD
| Reducing a long position | 10679 | 3.87810214 GBP |
25p ordinary | CFD
| Reducing a long position | 18297 | 3.890195 GBP |
25p ordinary | CFD
| Reducing a long position | 31444 | 3.83581707170366 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: | 05 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