17th Apr 2026 11:55
This announcement replaces the previous RNS announcement 7921A released at 11:55 on the 16th of April 2026. Amendments to section 2a. All other information remains unchanged.
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: | 15 April 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
| 694832 | 3.92700 GBP | 3.88000 GBP |
25p ordinary | Sell
| 378707 | 3.92700 GBP | 3.87698 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 | 3963 | 3.89917612560182 GBP |
25p ordinary | CFD
| Increasing a long position | 41115 | 3.89743442 GBP |
25p ordinary | CFD
| Increasing a long position | 14203 | 3.90453887 GBP |
25p ordinary | CFD
| Increasing a long position | 12628 | 3.91619639 GBP |
25p ordinary | CFD
| Increasing a long position | 119 | 3.894622 GBP |
25p ordinary | CFD
| Increasing a long position | 189 | 3.899 GBP |
25p ordinary | CFD
| Increasing a long position | 192 | 3.90432619 GBP |
25p ordinary | CFD
| Increasing a long position | 13778 | 3.917 GBP |
25p ordinary | CFD
| Increasing a long position | 44 | 3.895 GBP |
25p ordinary | CFD
| Increasing a long position | 2122 | 3.88988878 GBP |
25p ordinary | CFD
| Increasing a long position | 28058 | 3.91596754724922 GBP |
25p ordinary | CFD
| Increasing a long position | 212 | 3.90276651 GBP |
25p ordinary | CFD
| Increasing a long position | 8861 | 3.89212421 GBP |
25p ordinary | CFD
| Increasing a long position | 26593 | 3.90630658 GBP |
25p ordinary | CFD
| Increasing a long position | 1157 | 3.91588418324356 GBP |
25p ordinary | CFD
| Increasing a long position | 3 | 3.901 GBP |
25p ordinary | CFD
| Increasing a long position | 308 | 3.89406818 GBP |
25p ordinary | CFD
| Increasing a long position | 34 | 3.904 GBP |
25p ordinary | CFD
| Increasing a long position | 96949 | 3.91461969119578 GBP |
25p ordinary | CFD
| Increasing a long position | 536 | 3.92349424029851 GBP |
25p ordinary | CFD
| Increasing a long position | 141 | 3.89766666666667 GBP |
25p ordinary | CFD
| Increasing a long position | 1675 | 3.91213552 GBP |
25p ordinary | CFD
| Increasing a long position | 2 | 3.923 GBP |
25p ordinary | CFD
| Increasing a long position | 7461 | 3.90125712 GBP |
25p ordinary | CFD
| Increasing a long position | 3 | 3.9225 GBP |
25p ordinary | CFD
| Increasing a long position | 51244 | 3.916646499392 GBP |
25p ordinary | CFD
| Increasing a long position | 5386 | 3.91795247 GBP |
25p ordinary | CFD
| Increasing a long position | 8 | 3.908125 GBP |
25p ordinary | CFD
| Reducing a long position | 29305 | 3.90150076778707 GBP |
25p ordinary | CFD
| Reducing a long position | 11280 | 3.92058865 GBP |
25p ordinary | CFD
| Reducing a long position | 25478 | 3.89287311 GBP |
25p ordinary | CFD
| Reducing a long position | 1019 | 3.9015014720314 GBP |
25p ordinary | CFD
| Reducing a long position | 2 | 3.923 GBP |
25p ordinary | CFD
| Reducing a long position | 89337 | 3.917 GBP |
25p ordinary | CFD
| Reducing a long position | 62760 | 3.90150175270873 GBP |
25p ordinary | CFD
| Reducing a long position | 97625 | 3.90150084507042 GBP |
25p ordinary | CFD
| Reducing a long position | 144808 | 3.90150074581515 GBP |
25p ordinary | CFD
| Reducing a long position | 58 | 3.89547413793103 GBP |
25p ordinary | CFD
| Reducing a long position | 7271 | 3.89642002579838 GBP |
25p ordinary | CFD
| Reducing a long position | 24573 | 3.8955315793519 GBP |
25p ordinary | CFD
| Reducing a long position | 61863 | 3.90009145954933 GBP |
25p ordinary | CFD
| Reducing a long position | 11 | 3.88870412 GBP |
25p ordinary | CFD
| Reducing a long position | 253 | 3.89408300395257 GBP |
25p ordinary | CFD
| Reducing a long position | 60507 | 3.917196 GBP |
25p ordinary | CFD
| Reducing a long position | 28240 | 3.9015007082153 GBP |
25p ordinary | CFD
| Reducing a long position | 1304 | 3.89211818726994 GBP |
25p ordinary | CFD
| Reducing a long position | 2390 | 3.89213989870293 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 |
25p ordinary | Call | Purchasing | 258147 | 4.285 GBP | European | 13 May 2026 | 0.0235 GBP |
25p ordinary | Call | Selling | 258147 | 4.285 GBP | European | 13 May 2026 | 0.0235 GBP |
25p ordinary | Call | Purchasing | 258147 | 4.285 GBP | European | 13 May 2026 | 0.0235 GBP |
(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: | 17 April 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