30th 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: | 29 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
| 1358627 | 4.19500 GBP | 4.09602 GBP |
25p ordinary | Sell
| 887369 | 4.19000 GBP | 4.09602 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 | 2069 | 4.153921 GBP |
25p ordinary | CFD
| Long | 11756 | 4.16747909561756 GBP |
25p ordinary | CFD
| Long | 4251 | 4.151295 GBP |
25p ordinary | CFD
| Long | 6115 | 4.141657 GBP |
25p ordinary | CFD
| Long | 304 | 4.157334 GBP |
25p ordinary | CFD
| Long | 155 | 4.157584 GBP |
25p ordinary | CFD
| Long | 225 | 4.141661 GBP |
25p ordinary | CFD
| Long | 256 | 4.122891 GBP |
25p ordinary | CFD
| Long | 346 | 4.147579 GBP |
25p ordinary | CFD
| Long | 213616 | 4.154 GBP |
25p ordinary | CFD
| Long | 212 | 4.18901580943396 GBP |
25p ordinary | CFD
| Long | 494 | 4.137414 GBP |
25p ordinary | CFD
| Long | 54 | 4.12894970037037 GBP |
25p ordinary | CFD
| Long | 24 | 4.112 GBP |
25p ordinary | CFD
| Long | 27412 | 4.14406524443091 GBP |
25p ordinary | CFD
| Long | 22124 | 4.16748039552161 GBP |
25p ordinary | CFD
| Long | 17510 | 4.18207744133067 GBP |
25p ordinary | CFD
| Long | 299 | 4.14721070234114 GBP |
25p ordinary | CFD
| Long | 23694 | 4.15422883340761 GBP |
25p ordinary | CFD
| Long | 13 | 4.102 GBP |
25p ordinary | CFD
| Long | 710 | 4.14745824 GBP |
25p ordinary | CFD
| Long | 2049 | 4.157614 GBP |
25p ordinary | CFD
| Short | 6094 | 4.1200535884373 GBP |
25p ordinary | CFD
| Short | 12846 | 4.16576522 GBP |
25p ordinary | CFD
| Short | 27463 | 4.15482379929359 GBP |
25p ordinary | CFD
| Short | 12401 | 4.164342 GBP |
25p ordinary | CFD
| Short | 7365 | 4.156 GBP |
25p ordinary | CFD
| Short | 7928 | 4.163843 GBP |
25p ordinary | CFD
| Short | 2802 | 4.15031044250178 GBP |
25p ordinary | CFD
| Short | 67006 | 4.1472461 GBP |
25p ordinary | CFD
| Short | 2128 | 4.11160731954887 GBP |
25p ordinary | CFD
| Short | 554 | 4.142 GBP |
25p ordinary | CFD
| Short | 247 | 4.14246558704453 GBP |
25p ordinary | CFD
| Short | 2121 | 4.15374283 GBP |
25p ordinary | CFD
| Short | 357617 | 4.154 GBP |
25p ordinary | CFD
| Short | 5059 | 4.128689 GBP |
25p ordinary | CFD
| Short | 10248 | 4.15637433 GBP |
25p ordinary | CFD
| Short | 16227 | 4.13258951 GBP |
25p ordinary | CFD
| Short | 72 | 4.12125 GBP |
25p ordinary | CFD
| Short | 396 | 4.148207 GBP |
25p ordinary | CFD
| Short | 41559 | 4.154208 GBP |
25p ordinary | CFD
| Short | 814 | 4.12683783783784 GBP |
25p ordinary | CFD
| Short | 23637 | 4.13914160154504 GBP |
25p ordinary | CFD
| Short | 5853 | 4.15450301 GBP |
25p ordinary | CFD
| Short | 18 | 4.124 GBP |
25p ordinary | CFD
| Short | 52 | 4.16975 GBP |
25p ordinary | CFD
| Short | 2380 | 4.15907081781933 GBP |
25p ordinary | CFD
| Short | 83684 | 4.15116583815305 GBP |
25p ordinary | CFD
| Short | 4217 | 4.157061 GBP |
25p ordinary | CFD
| Short | 117229 | 4.1375256 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: | 30 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