29th Jan 2026 11:58
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: | 28 January 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
| 789995 | 4.17309 GBP | 4.06600 GBP |
25p ordinary | Sell
| 1027425 | 4.17309 GBP | 4.06600 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 | 81652 | 4.10418648 GBP |
25p ordinary | CFD
| Long | 301000 | 4.07843 GBP |
25p ordinary | CFD
| Long | 38060 | 4.11758665116133 GBP |
25p ordinary | CFD
| Long | 11967 | 4.14856154 GBP |
25p ordinary | CFD
| Long | 259 | 4.09034362934363 GBP |
25p ordinary | CFD
| Long | 2553 | 4.1567951 GBP |
25p ordinary | CFD
| Long | 3242 | 4.13329114995065 GBP |
25p ordinary | CFD
| Long | 749 | 4.102458 GBP |
25p ordinary | CFD
| Long | 877 | 4.079959 GBP |
25p ordinary | CFD
| Long | 132 | 4.10359 GBP |
25p ordinary | CFD
| Long | 30 | 4.07902741333333 GBP |
25p ordinary | CFD
| Long | 54 | 4.098711 GBP |
25p ordinary | CFD
| Long | 114824 | 4.156 GBP |
25p ordinary | CFD
| Long | 1963 | 4.15130311 GBP |
25p ordinary | CFD
| Long | 5805 | 4.15633312 GBP |
25p ordinary | CFD
| Long | 107 | 4.079332 GBP |
25p ordinary | CFD
| Long | 80 | 4.07894408 GBP |
25p ordinary | CFD
| Long | 2265 | 4.13432964198675 GBP |
25p ordinary | CFD
| Long | 9003 | 4.07744954 GBP |
25p ordinary | CFD
| Long | 431 | 4.08434098 GBP |
25p ordinary | CFD
| Long | 5763 | 4.155792 GBP |
25p ordinary | CFD
| Long | 3600 | 4.074 GBP |
25p ordinary | CFD
| Long | 34930 | 4.070279 GBP |
25p ordinary | CFD
| Long | 2221 | 4.16172715 GBP |
25p ordinary | CFD
| Short | 13724 | 4.11023914361119 GBP |
25p ordinary | CFD
| Short | 42012 | 4.12969062462915 GBP |
25p ordinary | CFD
| Short | 16 | 4.0733195 GBP |
25p ordinary | CFD
| Short | 3758 | 4.1602198 GBP |
25p ordinary | CFD
| Short | 28 | 4.08685714285714 GBP |
25p ordinary | CFD
| Short | 99825 | 4.156 GBP |
25p ordinary | CFD
| Short | 2032 | 4.07623206850394 GBP |
25p ordinary | CFD
| Short | 231 | 4.09076623220779 GBP |
25p ordinary | CFD
| Short | 31235 | 4.09873246 GBP |
25p ordinary | CFD
| Short | 1442 | 4.162 GBP |
25p ordinary | CFD
| Short | 30524 | 4.156208 GBP |
25p ordinary | CFD
| Short | 416 | 4.102212 GBP |
25p ordinary | CFD
| Short | 6171 | 4.147797 GBP |
25p ordinary | CFD
| Short | 61841 | 4.10697995 GBP |
25p ordinary | CFD
| Short | 15461 | 4.08336989496798 GBP |
25p ordinary | CFD
| Short | 16731 | 4.0852526605947 GBP |
25p ordinary | CFD
| Short | 7290 | 4.13090096 GBP |
25p ordinary | CFD
| Short | 7220 | 4.09164626034953 GBP |
25p ordinary | CFD
| Short | 18069 | 4.078 GBP |
25p ordinary | CFD
| Short | 26008 | 4.087534 GBP |
25p ordinary | CFD
| Short | 4188 | 4.099501 GBP |
25p ordinary | CFD
| Short | 1003 | 4.090061 GBP |
25p ordinary | CFD
| Short | 331 | 4.09404834 GBP |
25p ordinary | CFD
| Short | 328 | 4.1447 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: | 29 January 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