13th Feb 2026 11:39
This announcement replaces the previous RNS announcement 8073S released at 11:55 on the 12th of February 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: | 11 February 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
| 2171720 | 4.19100 GBP | 4.06071 GBP |
25p ordinary | Sell
| 739384 | 4.19200 GBP | 4.07200 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 | 5370 | 4.13 GBP |
25p ordinary | CFD
| Long | 1013 | 4.18618361 GBP |
25p ordinary | CFD
| Long | 3476 | 4.154823 GBP |
25p ordinary | CFD
| Long | 32095 | 4.17 GBP |
25p ordinary | CFD
| Long | 12168 | 4.128 GBP |
25p ordinary | CFD
| Long | 18063 | 4.137527 GBP |
25p ordinary | CFD
| Long | 30 | 4.1655764 GBP |
25p ordinary | CFD
| Long | 401 | 4.117805 GBP |
25p ordinary | CFD
| Long | 9318 | 4.1365466618 GBP |
25p ordinary | CFD
| Long | 18742 | 4.14987338 GBP |
25p ordinary | CFD
| Long | 4220 | 4.133 GBP |
25p ordinary | CFD
| Long | 100 | 4.11900228 GBP |
25p ordinary | CFD
| Long | 220 | 4.132 GBP |
25p ordinary | CFD
| Long | 2 | 4.152 GBP |
25p ordinary | CFD
| Long | 4122 | 4.13219941775837 GBP |
25p ordinary | CFD
| Long | 8743 | 4.13357588938579 GBP |
25p ordinary | CFD
| Long | 10343 | 4.13918901759548 GBP |
25p ordinary | CFD
| Long | 5193 | 4.13300019256692 GBP |
25p ordinary | CFD
| Long | 9911 | 4.169791 GBP |
25p ordinary | CFD
| Long | 37543 | 4.17017113330901 GBP |
25p ordinary | CFD
| Long | 42961 | 4.15842138236633 GBP |
25p ordinary | CFD
| Long | 5221 | 4.11974257805018 GBP |
25p ordinary | CFD
| Long | 151627 | 4.16236738839389 GBP |
25p ordinary | CFD
| Long | 11990 | 4.11743115022519 GBP |
25p ordinary | CFD
| Long | 20971 | 4.11556729649468 GBP |
25p ordinary | CFD
| Short | 2160 | 4.06070833 GBP |
25p ordinary | CFD
| Short | 370212 | 4.118 GBP |
25p ordinary | CFD
| Short | 739 | 4.1566 GBP |
25p ordinary | CFD
| Short | 905 | 4.1102596685 GBP |
25p ordinary | CFD
| Short | 1144472 | 4.17 GBP |
25p ordinary | CFD
| Short | 51126 | 4.1774 GBP |
25p ordinary | CFD
| Short | 889 | 4.13300337457818 GBP |
25p ordinary | CFD
| Short | 5370 | 4.13 GBP |
25p ordinary | CFD
| Short | 9971 | 4.135832 GBP |
25p ordinary | CFD
| Short | 306 | 4.12800591355573 GBP |
25p ordinary | CFD
| Short | 12558 | 4.16801192 GBP |
25p ordinary | CFD
| Short | 2 | 4.152 GBP |
25p ordinary | CFD
| Short | 32233 | 4.16417926 GBP |
25p ordinary | CFD
| Short | 19989 | 4.12860913444444 GBP |
25p ordinary | CFD
| Short | 20893 | 4.14697669167664 GBP |
25p ordinary | CFD
| Short | 993 | 4.12601007 GBP |
25p ordinary | CFD
| Short | 28444 | 4.14561116568274 GBP |
25p ordinary | CFD
| Short | 10607 | 4.12443405 GBP |
25p ordinary | CFD
| Short | 1872 | 4.170208 GBP |
25p ordinary | CFD
| Short | 8524 | 4.13299976536837 GBP |
25p ordinary | CFD
| Short | 155 | 4.12800591224864 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 February 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