9th 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: | 06 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
| 767974 | 3.89142 GBP | 3.78399 GBP |
25p ordinary | Sell
| 796811 | 3.89142 GBP | 3.78399 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 | 54867 | 3.804 GBP |
25p ordinary | CFD
| Increasing a long position | 5720 | 3.80282115363811 GBP |
25p ordinary | CFD
| Increasing a long position | 25951 | 3.813383 GBP |
25p ordinary | CFD
| Increasing a long position | 126 | 3.85549141 GBP |
25p ordinary | CFD
| Increasing a long position | 924 | 5.09686548 USD |
25p ordinary | CFD
| Increasing a long position | 7318 | 3.83840856192676 GBP |
25p ordinary | CFD
| Increasing a long position | 1352 | 3.79886094674556 GBP |
25p ordinary | CFD
| Increasing a long position | 120986 | 3.80399996693832 GBP |
25p ordinary | CFD
| Increasing a long position | 8442 | 3.80400023691068 GBP |
25p ordinary | CFD
| Increasing a long position | 1908 | 3.80399895178197 GBP |
25p ordinary | CFD
| Increasing a long position | 128 | 3.803984375 GBP |
25p ordinary | CFD
| Increasing a long position | 3334 | 3.803809 GBP |
25p ordinary | CFD
| Increasing a long position | 5407 | 3.82979951892177 GBP |
25p ordinary | CFD
| Increasing a long position | 3451 | 3.8553120832918 GBP |
25p ordinary | CFD
| Increasing a long position | 10337 | 3.80911033485537 GBP |
25p ordinary | CFD
| Increasing a long position | 3468 | 3.83613321806517 GBP |
25p ordinary | CFD
| Increasing a long position | 22 | 3.852 GBP |
25p ordinary | CFD
| Increasing a long position | 2321 | 3.8328487703576 GBP |
25p ordinary | CFD
| Increasing a long position | 2 | 3.86 GBP |
25p ordinary | CFD
| Increasing a long position | 33719 | 3.80822236909161 GBP |
25p ordinary | CFD
| Increasing a long position | 19 | 3.859 GBP |
25p ordinary | CFD
| Increasing a long position | 78652 | 3.80003832 GBP |
25p ordinary | CFD
| Increasing a long position | 77373 | 3.86239942 GBP |
25p ordinary | CFD
| Reducing a long position | 91329 | 3.804 GBP |
25p ordinary | CFD
| Reducing a long position | 170 | 3.83899755294118 GBP |
25p ordinary | CFD
| Reducing a long position | 10176 | 3.80252812735653 GBP |
25p ordinary | CFD
| Reducing a long position | 14234 | 3.82942687 GBP |
25p ordinary | CFD
| Reducing a long position | 1346 | 3.83667904903418 GBP |
25p ordinary | CFD
| Reducing a long position | 1127 | 3.83818538622733 GBP |
25p ordinary | CFD
| Reducing a long position | 15196 | 3.822194 GBP |
25p ordinary | CFD
| Reducing a long position | 732 | 3.8039999 GBP |
25p ordinary | CFD
| Reducing a long position | 639 | 3.84140150359937 GBP |
25p ordinary | CFD
| Reducing a long position | 79191 | 3.80399994948921 GBP |
25p ordinary | CFD
| Reducing a long position | 40129 | 3.80400009967854 GBP |
25p ordinary | CFD
| Reducing a long position | 12144 | 3.80400032938076 GBP |
25p ordinary | CFD
| Reducing a long position | 1352 | 3.80400147928994 GBP |
25p ordinary | CFD
| Reducing a long position | 452 | 3.860199 GBP |
25p ordinary | CFD
| Reducing a long position | 453 | 3.8043 GBP |
25p ordinary | CFD
| Reducing a long position | 43604 | 3.82964178 GBP |
25p ordinary | CFD
| Reducing a long position | 16899 | 3.82762057 GBP |
25p ordinary | CFD
| Reducing a long position | 8829 | 3.86603986759995 GBP |
25p ordinary | CFD
| Reducing a long position | 72589 | 3.81704074806265 GBP |
25p ordinary | CFD
| Reducing a long position | 10650 | 3.83803286359155 GBP |
25p ordinary | CFD
| Reducing a long position | 19 | 3.859 GBP |
25p ordinary | CFD
| Reducing a long position | 22 | 3.852 GBP |
25p ordinary | CFD
| Reducing a long position | 23 | 3.79819 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: | 09 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