13th 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: | 12 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
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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
| 667086 | 3.71784 GBP | 3.62800 GBP |
25p ordinary | Sell
| 617770 | 3.71006 GBP | 3.62800 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
| Increasing a long position | 88189 | 3.71 GBP |
25p ordinary | CFD
| Increasing a long position | 552 | 3.62800724637681 GBP |
25p ordinary | CFD
| Increasing a long position | 23270 | 3.6608 GBP |
25p ordinary | CFD
| Increasing a long position | 1204 | 3.66683281891196 GBP |
25p ordinary | CFD
| Increasing a long position | 8185 | 3.68737324373855 GBP |
25p ordinary | CFD
| Increasing a long position | 17532 | 3.709815 GBP |
25p ordinary | CFD
| Increasing a long position | 56037 | 3.6905390035316 GBP |
25p ordinary | CFD
| Increasing a long position | 8875 | 3.67512180503549 GBP |
25p ordinary | CFD
| Increasing a long position | 4182 | 3.67938832728121 GBP |
25p ordinary | CFD
| Increasing a long position | 1371 | 3.67474398249453 GBP |
25p ordinary | CFD
| Increasing a long position | 1355 | 3.664 GBP |
25p ordinary | CFD
| Increasing a long position | 785 | 3.674 GBP |
25p ordinary | CFD
| Increasing a long position | 31 | 3.66012903225806 GBP |
25p ordinary | CFD
| Increasing a long position | 4374 | 3.70982167352538 GBP |
25p ordinary | CFD
| Increasing a long position | 1748 | 3.70056654505721 GBP |
25p ordinary | CFD
| Increasing a long position | 1 | 3.686 GBP |
25p ordinary | CFD
| Increasing a long position | 203 | 3.67114778325123 GBP |
25p ordinary | CFD
| Increasing a long position | 4120 | 3.69875400538592 GBP |
25p ordinary | CFD
| Increasing a long position | 6674 | 3.70572195 GBP |
25p ordinary | CFD
| Increasing a long position | 1354 | 3.65700147710487 GBP |
25p ordinary | CFD
| Increasing a long position | 1395 | 3.628 GBP |
25p ordinary | CFD
| Increasing a long position | 1672 | 3.6580023923445 GBP |
25p ordinary | CFD
| Increasing a long position | 6043 | 3.66600033096144 GBP |
25p ordinary | CFD
| Increasing a long position | 1459 | 3.6649965729952 GBP |
25p ordinary | CFD
| Increasing a long position | 61181 | 3.66565059 GBP |
25p ordinary | CFD
| Increasing a long position | 19 | 3.656 GBP |
25p ordinary | CFD
| Increasing a long position | 1928 | 3.6579979253112 GBP |
25p ordinary | CFD
| Increasing a long position | 2602 | 3.65699846272098 GBP |
25p ordinary | CFD
| Increasing a long position | 3997 | 3.66599949962472 GBP |
25p ordinary | CFD
| Increasing a long position | 840 | 3.665 GBP |
25p ordinary | CFD
| Reducing a long position | 8898 | 3.67888024 GBP |
25p ordinary | CFD
| Reducing a long position | 5003 | 3.67240975451729 GBP |
25p ordinary | CFD
| Reducing a long position | 24678 | 3.67602215308007 GBP |
25p ordinary | CFD
| Reducing a long position | 11484 | 3.67494096133229 GBP |
25p ordinary | CFD
| Reducing a long position | 555 | 3.71783784 GBP |
25p ordinary | CFD
| Reducing a long position | 12651 | 3.71367327481374 GBP |
25p ordinary | CFD
| Reducing a long position | 2234 | 3.6689 GBP |
25p ordinary | CFD
| Reducing a long position | 16 | 3.6829 GBP |
25p ordinary | CFD
| Reducing a long position | 23831 | 3.7102968 GBP |
25p ordinary | CFD
| Reducing a long position | 228 | 4.9531839 USD |
25p ordinary | CFD
| Reducing a long position | 3662 | 3.668 GBP |
25p ordinary | CFD
| Reducing a long position | 4507 | 3.67631931235412 GBP |
25p ordinary | CFD
| Reducing a long position | 1855 | 3.71022102425876 GBP |
25p ordinary | CFD
| Reducing a long position | 6330 | 3.71 GBP |
25p ordinary | CFD
| Reducing a long position | 72364 | 3.7136728939608 GBP |
25p ordinary | CFD
| Reducing a long position | 1494 | 3.710187 GBP |
25p ordinary | CFD
| Reducing a long position | 268 | 3.628172 GBP |
25p ordinary | CFD
| Reducing a long position | 46705 | 3.67307121 GBP |
25p ordinary | CFD
| Reducing a long position | 56744 | 3.6994005879196 GBP |
25p ordinary | CFD
| Reducing a long position | 11159 | 3.66497517773994 GBP |
25p ordinary | CFD
| Reducing a long position | 2803 | 3.67534570056368 GBP |
25p ordinary | CFD
| Reducing a long position | 18 | 3.66566666666667 GBP |
25p ordinary | CFD
| Reducing a long position | 12 | 3.67153766666667 GBP |
25p ordinary | CFD
| Reducing a long position | 35 | 3.66165714285714 GBP |
25p ordinary | CFD
| Reducing a long position | 29 | 3.65951724137931 GBP |
25p ordinary | CFD
| Reducing a long position | 10612 | 3.71027825 GBP |
25p ordinary | CFD
| Reducing a long position | 1055 | 3.66499526066351 GBP |
25p ordinary | CFD
| Reducing a long position | 4214 | 3.6659990507831 GBP |
25p ordinary | CFD
| Reducing a long position | 1674 | 3.65700119474313 GBP |
25p ordinary | CFD
| Reducing a long position | 3600 | 3.658 GBP |
25p ordinary | CFD
| Reducing a long position | 734 | 3.62799727520436 GBP |
25p ordinary | CFD
| Reducing a long position | 5418 | 3.71027824990772 GBP |
25p ordinary | CFD
| Reducing a long position | 1244 | 3.665 GBP |
25p ordinary | CFD
| Reducing a long position | 5826 | 3.66600068657741 GBP |
25p ordinary | CFD
| Reducing a long position | 2282 | 3.65699824715162 GBP |
25p ordinary | CFD
| Reducing a long position | 1213 | 3.62799670239077 GBP |
25p ordinary | CFD
| Reducing a long position | 1711 | 3.6618083 GBP |
25p ordinary | CFD
| Reducing a long position | 187 | 3.67165240770053 GBP |
25p ordinary | CFD
| Reducing a long position | 101 | 3.6680198 GBP |
25p ordinary | CFD
| Reducing a long position | 7260 | 3.70139172472314 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: | 13 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