4th 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: | 03 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 ? |
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
| 2224030 | 3.95600 GBP | 3.79549 GBP |
25p ordinary | Sell
| 2896916 | 3.95600 GBP | 3.79549 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 | 181558 | 3.890054 GBP |
25p ordinary | CFD
| Long | 23473 | 3.87026 GBP |
25p ordinary | CFD
| Long | 110737 | 3.824 GBP |
25p ordinary | CFD
| Long | 2337 | 3.81809451741121 GBP |
25p ordinary | CFD
| Long | 9728 | 3.82399979440789 GBP |
25p ordinary | CFD
| Long | 3060 | 3.867144 GBP |
25p ordinary | CFD
| Long | 1793 | 3.8274 GBP |
25p ordinary | CFD
| Long | 3 | 3.823 GBP |
25p ordinary | CFD
| Long | 30 | 3.8383 GBP |
25p ordinary | CFD
| Long | 2578 | 3.81697362412723 GBP |
25p ordinary | CFD
| Long | 1 | 3.825 GBP |
25p ordinary | CFD
| Long | 29429 | 3.82530510521221 GBP |
25p ordinary | CFD
| Long | 6444 | 3.85150713617474 GBP |
25p ordinary | CFD
| Long | 5537 | 3.83741484543074 GBP |
25p ordinary | CFD
| Long | 129974 | 3.82509804245903 GBP |
25p ordinary | CFD
| Long | 33 | 3.8369696969697 GBP |
25p ordinary | CFD
| Long | 649 | 3.82661217995378 GBP |
25p ordinary | CFD
| Long | 14 | 3.835 GBP |
25p ordinary | CFD
| Long | 18 | 3.854 GBP |
25p ordinary | CFD
| Long | 165 | 3.828145456 GBP |
25p ordinary | CFD
| Long | 812 | 3.84112758 GBP |
25p ordinary | CFD
| Long | 71539 | 3.824207 GBP |
25p ordinary | CFD
| Long | 12232 | 3.8066299 GBP |
25p ordinary | CFD
| Short | 92784 | 3.824 GBP |
25p ordinary | CFD
| Short | 85363 | 3.825966 GBP |
25p ordinary | CFD
| Short | 27894 | 3.83249796 GBP |
25p ordinary | CFD
| Short | 302 | 3.91215928 GBP |
25p ordinary | CFD
| Short | 18569 | 3.824191 GBP |
25p ordinary | CFD
| Short | 2 | 3.82722545 GBP |
25p ordinary | CFD
| Short | 18 | 3.86011111111111 GBP |
25p ordinary | CFD
| Short | 10647 | 3.82523618 GBP |
25p ordinary | CFD
| Short | 757 | 3.82387318412153 GBP |
25p ordinary | CFD
| Short | 41159 | 3.82009565360893 GBP |
25p ordinary | CFD
| Short | 26977 | 3.84949542300626 GBP |
25p ordinary | CFD
| Short | 3282 | 3.83200548310786 GBP |
25p ordinary | CFD
| Short | 54976 | 3.84606401 GBP |
25p ordinary | CFD
| Short | 24 | 3.845375 GBP |
25p ordinary | CFD
| Short | 39 | 3.83 GBP |
25p ordinary | CFD
| Short | 1185 | 3.84472635654008 GBP |
25p ordinary | CFD
| Short | 65 | 3.80509326 GBP |
25p ordinary | CFD
| Short | 2 | 3.817 GBP |
25p ordinary | CFD
| Short | 5093 | 3.82434125 GBP |
25p ordinary | CFD
| Short | 11700 | 3.81625444373333 GBP |
25p ordinary | CFD
| Short | 1788 | 3.799 GBP |
25p ordinary | CFD
| Short | 31478 | 3.841077 GBP |
25p ordinary | CFD
| Short | 3285 | 3.8886 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: | 04 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