3rd 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: | 02 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
| 1368584 | 4.02200 GBP | 3.95600 GBP |
25p ordinary | Sell
| 1496748 | 4.02579 GBP | 3.95600 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 | 128894 | 4.012 GBP |
25p ordinary | CFD
| Long | 3894 | 3.98428209444273 GBP |
25p ordinary | CFD
| Long | 8539 | 3.99910925952688 GBP |
25p ordinary | CFD
| Long | 41 | 3.965214 GBP |
25p ordinary | CFD
| Long | 161 | 3.95832298136646 GBP |
25p ordinary | CFD
| Long | 3128 | 3.98059974361253 GBP |
25p ordinary | CFD
| Long | 10981 | 3.96518004136053 GBP |
25p ordinary | CFD
| Long | 57286 | 3.9739581638107 GBP |
25p ordinary | CFD
| Long | 3122 | 3.993044 GBP |
25p ordinary | CFD
| Long | 47485 | 4.011799 GBP |
25p ordinary | CFD
| Long | 15264 | 3.963111 GBP |
25p ordinary | CFD
| Long | 7554 | 3.996025 GBP |
25p ordinary | CFD
| Long | 4715 | 3.961756 GBP |
25p ordinary | CFD
| Long | 65 | 4.01169230769231 GBP |
25p ordinary | CFD
| Long | 4569 | 3.98009082627708 GBP |
25p ordinary | CFD
| Long | 3683 | 4.01860499316047 GBP |
25p ordinary | CFD
| Long | 1234 | 4.01299837925446 GBP |
25p ordinary | CFD
| Long | 80932 | 4.007795 GBP |
25p ordinary | CFD
| Long | 6342 | 4.01199936928414 GBP |
25p ordinary | CFD
| Long | 1852 | 4.01300215982721 GBP |
25p ordinary | CFD
| Long | 2786 | 3.99390165111271 GBP |
25p ordinary | CFD
| Long | 87840 | 3.994 GBP |
25p ordinary | CFD
| Long | 55798 | 3.99757509 GBP |
25p ordinary | CFD
| Long | 1 | 4.01726715 GBP |
25p ordinary | CFD
| Long | 10 | 3.9982 GBP |
25p ordinary | CFD
| Long | 1665 | 4.0132996996997 GBP |
25p ordinary | CFD
| Short | 10 | 3.9982 GBP |
25p ordinary | CFD
| Short | 12395 | 3.98745337654699 GBP |
25p ordinary | CFD
| Short | 932 | 3.9786 GBP |
25p ordinary | CFD
| Short | 31441 | 4.012 GBP |
25p ordinary | CFD
| Short | 13900 | 3.965287 GBP |
25p ordinary | CFD
| Short | 8361 | 4.00566234 GBP |
25p ordinary | CFD
| Short | 579 | 3.98379965 GBP |
25p ordinary | CFD
| Short | 6997 | 3.96760632168838 GBP |
25p ordinary | CFD
| Short | 9091 | 3.97324056725113 GBP |
25p ordinary | CFD
| Short | 17666 | 3.96651239758123 GBP |
25p ordinary | CFD
| Short | 19 | 4.00690063526316 GBP |
25p ordinary | CFD
| Short | 8965 | 3.97907980753151 GBP |
25p ordinary | CFD
| Short | 5262 | 3.97858678 GBP |
25p ordinary | CFD
| Short | 13720 | 4.0122 GBP |
25p ordinary | CFD
| Short | 19983 | 4.00092317 GBP |
25p ordinary | CFD
| Short | 5388 | 4.00581365896808 GBP |
25p ordinary | CFD
| Short | 79037 | 4.00926703834799 GBP |
25p ordinary | CFD
| Short | 13808 | 3.996 GBP |
25p ordinary | CFD
| Short | 6585 | 3.96639392504632 GBP |
25p ordinary | CFD
| Short | 255 | 4.01298039215686 GBP |
25p ordinary | CFD
| Short | 6342 | 4.01199936928414 GBP |
25p ordinary | CFD
| Short | 116355 | 3.99081497831378 GBP |
25p ordinary | CFD
| Short | 2831 | 4.01299894030378 GBP |
25p ordinary | CFD
| Short | 2 | 4.007 GBP |
25p ordinary | CFD
| Short | 2919 | 4.00220799319973 GBP |
25p ordinary | CFD
| Short | 9536 | 4.00083934465919 GBP |
25p ordinary | CFD
| Short | 36362 | 3.98099615 GBP |
25p ordinary | CFD
| Short | 36995 | 4.00962491235572 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 |
|
|
|
|
|
(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) |
|
|
|
|
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
|
(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: | 03 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