15th Apr 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: | 14 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
| 190705 | 3.87931 GBP | 3.80636 GBP |
25p ordinary | Sell
| 939503 | 3.87901 GBP | 3.80636 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 | 68794 | 3.87873240398872 GBP |
25p ordinary | CFD
| Increasing a long position | 123418 | 3.855 GBP |
25p ordinary | CFD
| Increasing a long position | 6367 | 3.879 GBP |
25p ordinary | CFD
| Increasing a long position | 1 | 3.8175 GBP |
25p ordinary | CFD
| Increasing a long position | 1750 | 3.836878 GBP |
25p ordinary | CFD
| Increasing a long position | 22033 | 3.87578557274906 GBP |
25p ordinary | CFD
| Increasing a long position | 15124 | 3.83762507 GBP |
25p ordinary | CFD
| Increasing a long position | 1930 | 3.878808 GBP |
25p ordinary | CFD
| Increasing a long position | 19065 | 3.878806 GBP |
25p ordinary | CFD
| Increasing a long position | 60348 | 3.83241648439053 GBP |
25p ordinary | CFD
| Increasing a long position | 9404 | 3.8109442790302 GBP |
25p ordinary | CFD
| Increasing a long position | 4325 | 3.83496163942659 GBP |
25p ordinary | CFD
| Increasing a long position | 11121 | 3.85347793 GBP |
25p ordinary | CFD
| Increasing a long position | 2717 | 3.8576723 GBP |
25p ordinary | CFD
| Increasing a long position | 426974 | 3.8324163766412 GBP |
25p ordinary | CFD
| Increasing a long position | 66534 | 3.81094462981333 GBP |
25p ordinary | CFD
| Increasing a long position | 25 | 3.816 GBP |
25p ordinary | CFD
| Increasing a long position | 85 | 3.834 GBP |
25p ordinary | CFD
| Increasing a long position | 35 | 3.83715308 GBP |
25p ordinary | CFD
| Increasing a long position | 12729 | 3.85208528223113 GBP |
25p ordinary | CFD
| Reducing a long position | 50063 | 3.84356597687248 GBP |
25p ordinary | CFD
| Reducing a long position | 3901 | 3.87302872691361 GBP |
25p ordinary | CFD
| Reducing a long position | 273 | 3.84615788677656 GBP |
25p ordinary | CFD
| Reducing a long position | 15102 | 3.879 GBP |
25p ordinary | CFD
| Reducing a long position | 240 | 3.813 GBP |
25p ordinary | CFD
| Reducing a long position | 20397 | 3.83080335 GBP |
25p ordinary | CFD
| Reducing a long position | 1832 | 3.816 GBP |
25p ordinary | CFD
| Reducing a long position | 53 | 3.8504 GBP |
25p ordinary | CFD
| Reducing a long position | 8 | 3.83028725 GBP |
25p ordinary | CFD
| Reducing a long position | 3667 | 3.818813 GBP |
25p ordinary | CFD
| Reducing a long position | 16633 | 3.81269507564601 GBP |
25p ordinary | CFD
| Reducing a long position | 9183 | 3.87672405531961 GBP |
25p ordinary | CFD
| Reducing a long position | 6592 | 3.8587595155 GBP |
25p ordinary | CFD
| Reducing a long position | 17 | 3.83028723529412 GBP |
25p ordinary | CFD
| Reducing a long position | 563 | 3.8793 GBP |
25p ordinary | CFD
| Reducing a long position | 732 | 3.87329127748634 GBP |
25p ordinary | CFD
| Reducing a long position | 658 | 3.8208617 GBP |
25p ordinary | CFD
| Reducing a long position | 9560 | 3.87377923 GBP |
25p ordinary | CFD
| Reducing a long position | 1153 | 3.8587558132 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: | 15 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