6th Feb 2026 12:08
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 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
| 1415668 | 4.25823 GBP | 4.11295 GBP |
25p ordinary | Sell
| 147968 | 4.21600 GBP | 4.11295 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 | 20460 | 4.176 GBP |
25p ordinary | CFD
| Long | 90856 | 4.147925 GBP |
25p ordinary | CFD
| Long | 2283 | 4.1460008760403 GBP |
25p ordinary | CFD
| Long | 7866 | 4.14600050851767 GBP |
25p ordinary | CFD
| Long | 691 | 4.14199710564399 GBP |
25p ordinary | CFD
| Long | 2742 | 4.1469985412108 GBP |
25p ordinary | CFD
| Long | 7141 | 4.14600056014564 GBP |
25p ordinary | CFD
| Long | 8016 | 4.146000499002 GBP |
25p ordinary | CFD
| Long | 90587 | 4.141964 GBP |
25p ordinary | CFD
| Long | 1879 | 4.18210282751464 GBP |
25p ordinary | CFD
| Long | 34439 | 4.18334295370801 GBP |
25p ordinary | CFD
| Long | 18329 | 4.17607728 GBP |
25p ordinary | CFD
| Long | 1785 | 4.18333115681294 GBP |
25p ordinary | CFD
| Long | 32435 | 4.18986353463142 GBP |
25p ordinary | CFD
| Long | 8771 | 4.159055 GBP |
25p ordinary | CFD
| Long | 28035 | 4.17600012 GBP |
25p ordinary | CFD
| Long | 269 | 4.14197 GBP |
25p ordinary | CFD
| Long | 56134 | 4.17785138765276 GBP |
25p ordinary | CFD
| Long | 28958 | 4.14700013813109 GBP |
25p ordinary | CFD
| Long | 10 | 4.144 GBP |
25p ordinary | CFD
| Long | 1205 | 4.18296265560166 GBP |
25p ordinary | CFD
| Long | 14282 | 4.1855 GBP |
25p ordinary | CFD
| Long | 1821 | 4.18529570939594 GBP |
25p ordinary | CFD
| Long | 6579 | 4.175791 GBP |
25p ordinary | CFD
| Long | 991 | 4.18195 GBP |
25p ordinary | CFD
| Long | 3994 | 4.15982223 GBP |
25p ordinary | CFD
| Long | 45437 | 4.15757237283469 GBP |
25p ordinary | CFD
| Long | 16666 | 4.15263266547522 GBP |
25p ordinary | CFD
| Long | 10163 | 4.17052740285546 GBP |
25p ordinary | CFD
| Long | 1646 | 4.15575394896719 GBP |
25p ordinary | CFD
| Long | 4251 | 4.172582448231 GBP |
25p ordinary | CFD
| Long | 142 | 4.192 GBP |
25p ordinary | CFD
| Long | 3729 | 4.1911091468222 GBP |
25p ordinary | CFD
| Long | 903 | 4.19462901 GBP |
25p ordinary | CFD
| Long | 98 | 4.153498 GBP |
25p ordinary | CFD
| Long | 117 | 4.155 GBP |
25p ordinary | CFD
| Long | 109944 | 4.17785011774285 GBP |
25p ordinary | CFD
| Short | 4416 | 4.22786 GBP |
25p ordinary | CFD
| Short | 29176 | 4.18123309858 GBP |
25p ordinary | CFD
| Short | 2238 | 4.181063 GBP |
25p ordinary | CFD
| Short | 212 | 4.149898 GBP |
25p ordinary | CFD
| Short | 160479 | 4.17455116 GBP |
25p ordinary | CFD
| Short | 8196 | 4.2086308 GBP |
25p ordinary | CFD
| Short | 1444 | 4.157 GBP |
25p ordinary | CFD
| Short | 3892 | 4.17870709390031 GBP |
25p ordinary | CFD
| Short | 1879 | 4.176 GBP |
25p ordinary | CFD
| Short | 15932 | 4.16439288 GBP |
25p ordinary | CFD
| Short | 2700 | 4.13119555678519 GBP |
25p ordinary | CFD
| Short | 123 | 4.1245319748 GBP |
25p ordinary | CFD
| Short | 69520 | 4.185566 GBP |
25p ordinary | CFD
| Short | 2780 | 4.200936 GBP |
25p ordinary | CFD
| Short | 3697 | 4.127155 GBP |
25p ordinary | CFD
| Short | 31700 | 4.147 GBP |
25p ordinary | CFD
| Short | 15007 | 4.14599986672886 GBP |
25p ordinary | CFD
| Short | 10299 | 4.14599961161278 GBP |
25p ordinary | CFD
| Short | 691 | 4.14199710564399 GBP |
25p ordinary | CFD
| Short | 59 | 4.144 GBP |
25p ordinary | CFD
| Short | 11632 | 4.136161 GBP |
25p ordinary | CFD
| Short | 3272 | 4.144414 GBP |
25p ordinary | CFD
| Short | 957 | 4.13317 GBP |
25p ordinary | CFD
| Short | 906 | 4.136599 GBP |
25p ordinary | CFD
| Short | 700 | 4.127762 GBP |
25p ordinary | CFD
| Short | 1096 | 4.190998 GBP |
25p ordinary | CFD
| Short | 3361 | 4.185926 GBP |
25p ordinary | CFD
| Short | 1500 | 4.181853 GBP |
25p ordinary | CFD
| Short | 153 | 4.18083660130719 GBP |
25p ordinary | CFD
| Short | 13528 | 4.176209 GBP |
25p ordinary | CFD
| Short | 203 | 4.258227 GBP |
25p ordinary | CFD
| Short | 39791 | 4.16397941568445 GBP |
25p ordinary | CFD
| Short | 27632 | 4.15681441895628 GBP |
25p ordinary | CFD
| Short | 15470 | 4.15789928813187 GBP |
25p ordinary | CFD
| Short | 117 | 4.155 GBP |
25p ordinary | CFD
| Short | 2 | 4.12 GBP |
25p ordinary | CFD
| Short | 58375 | 4.187002 GBP |
25p ordinary | CFD
| Short | 27 | 4.14 GBP |
25p ordinary | CFD
| Short | 7055 | 4.12648929924451 GBP |
25p ordinary | CFD
| Short | 202 | 4.14684653465347 GBP |
25p ordinary | CFD
| Short | 3564 | 4.20143659 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 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