5th Feb 2026 12:27
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 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
| 1031578 | 4.31550 GBP | 4.19700 GBP |
25p ordinary | Sell
| 2069498 | 4.31550 GBP | 4.16941 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 | 13291 | 4.26800015047777 GBP |
25p ordinary | CFD
| Long | 411 | 4.2739902676399 GBP |
25p ordinary | CFD
| Long | 1998 | 4.258998998999 GBP |
25p ordinary | CFD
| Long | 160601 | 4.27333 GBP |
25p ordinary | CFD
| Long | 1119 | 4.197 GBP |
25p ordinary | CFD
| Long | 192356 | 4.244 GBP |
25p ordinary | CFD
| Long | 94014 | 4.273802 GBP |
25p ordinary | CFD
| Long | 171517 | 4.24797473 GBP |
25p ordinary | CFD
| Long | 20825 | 4.25351587034814 GBP |
25p ordinary | CFD
| Long | 15679 | 4.28358288 GBP |
25p ordinary | CFD
| Long | 2362 | 4.2407603726 GBP |
25p ordinary | CFD
| Long | 13161 | 4.263253 GBP |
25p ordinary | CFD
| Long | 87500 | 4.29784994 GBP |
25p ordinary | CFD
| Long | 8401 | 4.251321 GBP |
25p ordinary | CFD
| Long | 5731 | 4.2645423174193 GBP |
25p ordinary | CFD
| Long | 22532 | 4.28314578911548 GBP |
25p ordinary | CFD
| Long | 15421 | 4.26707580937877 GBP |
25p ordinary | CFD
| Long | 4770 | 4.29988092290985 GBP |
25p ordinary | CFD
| Long | 97773 | 4.24755484722561 GBP |
25p ordinary | CFD
| Long | 189893 | 4.25166080609343 GBP |
25p ordinary | CFD
| Long | 19342 | 4.241832698693 GBP |
25p ordinary | CFD
| Long | 303042 | 4.3065536 GBP |
25p ordinary | CFD
| Long | 418 | 4.208 GBP |
25p ordinary | CFD
| Long | 37 | 4.20548 GBP |
25p ordinary | CFD
| Long | 45427 | 4.24400004402668 GBP |
25p ordinary | CFD
| Long | 21049 | 4.243788 GBP |
25p ordinary | CFD
| Long | 9876 | 4.24183250869988 GBP |
25p ordinary | CFD
| Long | 9380 | 4.27 GBP |
25p ordinary | CFD
| Long | 3151 | 4.27199936528086 GBP |
25p ordinary | CFD
| Long | 11921 | 4.26900008388558 GBP |
25p ordinary | CFD
| Long | 13033 | 4.26799969308678 GBP |
25p ordinary | CFD
| Long | 16 | 4.271875 GBP |
25p ordinary | CFD
| Short | 99317 | 4.244 GBP |
25p ordinary | CFD
| Short | 16 | 4.271875 GBP |
25p ordinary | CFD
| Short | 129552 | 4.27884198 GBP |
25p ordinary | CFD
| Short | 2000 | 4.197 GBP |
25p ordinary | CFD
| Short | 2000 | 4.2 GBP |
25p ordinary | CFD
| Short | 70556 | 4.266197 GBP |
25p ordinary | CFD
| Short | 19325 | 4.26681671 GBP |
25p ordinary | CFD
| Short | 53847 | 4.25605059068212 GBP |
25p ordinary | CFD
| Short | 180 | 4.25857777777778 GBP |
25p ordinary | CFD
| Short | 78867 | 4.24600989281613 GBP |
25p ordinary | CFD
| Short | 12426 | 4.24195074839128 GBP |
25p ordinary | CFD
| Short | 37 | 4.22 GBP |
25p ordinary | CFD
| Short | 313 | 4.200224 GBP |
25p ordinary | CFD
| Short | 13291 | 4.26800015047777 GBP |
25p ordinary | CFD
| Short | 13033 | 4.26799969308678 GBP |
25p ordinary | CFD
| Short | 11921 | 4.26900008388558 GBP |
25p ordinary | CFD
| Short | 9380 | 4.27 GBP |
25p ordinary | CFD
| Short | 3151 | 4.27199936528086 GBP |
25p ordinary | CFD
| Short | 1998 | 4.258998998999 GBP |
25p ordinary | CFD
| Short | 411 | 4.2739902676399 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 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