10th Feb 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: | 09 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
| 1187041 | 4.14310 GBP | 3.96000 GBP |
25p ordinary | Sell
| 816614 | 4.14310 GBP | 3.96000 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 | 53918 | 4.02172 GBP |
25p ordinary | CFD
| Long | 9524 | 4.056 GBP |
25p ordinary | CFD
| Long | 14866 | 4.055797 GBP |
25p ordinary | CFD
| Long | 234 | 4.123803 GBP |
25p ordinary | CFD
| Long | 4122 | 3.98980882926492 GBP |
25p ordinary | CFD
| Long | 8435 | 4.00963272 GBP |
25p ordinary | CFD
| Long | 5169 | 4.00512942542078 GBP |
25p ordinary | CFD
| Long | 9110 | 3.98929759 GBP |
25p ordinary | CFD
| Long | 17277 | 4.05093954 GBP |
25p ordinary | CFD
| Long | 30109 | 4.04595529645056 GBP |
25p ordinary | CFD
| Long | 1432 | 4.01757541899441 GBP |
25p ordinary | CFD
| Long | 36669 | 4.021719 GBP |
25p ordinary | CFD
| Long | 89008 | 4.12110634 GBP |
25p ordinary | CFD
| Long | 3990 | 4.00331378 GBP |
25p ordinary | CFD
| Long | 295 | 3.9983389831 GBP |
25p ordinary | CFD
| Long | 3400 | 4.079264 GBP |
25p ordinary | CFD
| Long | 269 | 4.02171 GBP |
25p ordinary | CFD
| Long | 91538 | 4.05518877406105 GBP |
25p ordinary | CFD
| Short | 6476 | 4.054823 GBP |
25p ordinary | CFD
| Short | 8905 | 4.00773862788883 GBP |
25p ordinary | CFD
| Short | 64568 | 4.01670545 GBP |
25p ordinary | CFD
| Short | 532 | 4.0559962406015 GBP |
25p ordinary | CFD
| Short | 16766 | 4.056203 GBP |
25p ordinary | CFD
| Short | 25867 | 4.0554418592763 GBP |
25p ordinary | CFD
| Short | 18986 | 4.05049163 GBP |
25p ordinary | CFD
| Short | 2738 | 4.003 GBP |
25p ordinary | CFD
| Short | 612 | 4.056 GBP |
25p ordinary | CFD
| Short | 5318 | 4.05387133 GBP |
25p ordinary | CFD
| Short | 40539 | 4.05413293 GBP |
25p ordinary | CFD
| Short | 30732 | 4.05327261 GBP |
25p ordinary | CFD
| Short | 6421 | 4.0049092041738 GBP |
25p ordinary | CFD
| Short | 39167 | 4.0355066 GBP |
25p ordinary | CFD
| Short | 87559 | 4.04928425731461 GBP |
25p ordinary | CFD
| Short | 17318 | 3.97905681543943 GBP |
25p ordinary | CFD
| Short | 4 | 4.0 GBP |
25p ordinary | CFD
| Short | 14516 | 4.00907042775696 GBP |
25p ordinary | CFD
| Short | 91636 | 4.01256988229429 GBP |
25p ordinary | CFD
| Short | 85711 | 4.00800000362042 GBP |
25p ordinary | CFD
| Short | 8487 | 4.05498141 GBP |
25p ordinary | CFD
| Short | 1692 | 4.04574188652482 GBP |
25p ordinary | CFD
| Short | 99659 | 4.0212309760411 GBP |
25p ordinary | CFD
| Short | 2327 | 4.05162126656639 GBP |
25p ordinary | CFD
| Short | 2579 | 4.0216836 GBP |
25p ordinary | CFD
| Short | 57209 | 4.00045967 GBP |
25p ordinary | CFD
| Short | 12435 | 4.03545782065635 GBP |
25p ordinary | CFD
| Short | 223 | 4.10473194 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: | 10 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