20th Mar 2026 10:52
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: | 19 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
| 1083940 | 3.68250 GBP | 3.58199 GBP |
25p ordinary | Sell
| 689715 | 3.68250 GBP | 3.58179 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 | 92997 | 3.64128932 GBP |
25p ordinary | CFD
| Long | 16 | 3.6699375025 GBP |
25p ordinary | CFD
| Long | 3826 | 3.58457536 GBP |
25p ordinary | CFD
| Long | 40560 | 3.5901757866642 GBP |
25p ordinary | CFD
| Long | 4335 | 3.58182 GBP |
25p ordinary | CFD
| Long | 665 | 3.61719407 GBP |
25p ordinary | CFD
| Long | 181 | 3.5817679558011 GBP |
25p ordinary | CFD
| Long | 33023 | 3.6274179834261 GBP |
25p ordinary | CFD
| Long | 89 | 3.58752808988764 GBP |
25p ordinary | CFD
| Long | 346 | 3.59005780346821 GBP |
25p ordinary | CFD
| Long | 6690 | 3.65866308010015 GBP |
25p ordinary | CFD
| Long | 11369 | 3.64009716 GBP |
25p ordinary | CFD
| Long | 15858 | 3.582 GBP |
25p ordinary | CFD
| Long | 5 | 3.638 GBP |
25p ordinary | CFD
| Long | 351 | 3.59067405128205 GBP |
25p ordinary | CFD
| Long | 9027 | 3.61545342 GBP |
25p ordinary | CFD
| Long | 533 | 3.616 GBP |
25p ordinary | CFD
| Long | 22034 | 3.64056893881411 GBP |
25p ordinary | CFD
| Long | 23131 | 3.58178505036531 GBP |
25p ordinary | CFD
| Long | 15 | 3.59998336 GBP |
25p ordinary | CFD
| Long | 1640 | 3.628415 GBP |
25p ordinary | CFD
| Short | 12306 | 3.64787577032342 GBP |
25p ordinary | CFD
| Short | 2787 | 3.62989164 GBP |
25p ordinary | CFD
| Short | 75 | 3.6204 GBP |
25p ordinary | CFD
| Short | 4281 | 3.620896 GBP |
25p ordinary | CFD
| Short | 12270 | 3.6366548734 GBP |
25p ordinary | CFD
| Short | 58566 | 3.58235204726292 GBP |
25p ordinary | CFD
| Short | 12240 | 3.6129358 GBP |
25p ordinary | CFD
| Short | 422259 | 3.582 GBP |
25p ordinary | CFD
| Short | 11 | 3.67 GBP |
25p ordinary | CFD
| Short | 5 | 3.638 GBP |
25p ordinary | CFD
| Short | 16 | 3.6699375025 GBP |
25p ordinary | CFD
| Short | 8425 | 3.64327537 GBP |
25p ordinary | CFD
| Short | 1588 | 3.6113677581864 GBP |
25p ordinary | CFD
| Short | 3060 | 3.61628431372549 GBP |
25p ordinary | CFD
| Short | 13545 | 3.64025381960576 GBP |
25p ordinary | CFD
| Short | 62082 | 3.58733561980381 GBP |
25p ordinary | CFD
| Short | 9017 | 3.582179 GBP |
25p ordinary | CFD
| Short | 1197 | 3.58221386800334 GBP |
25p ordinary | CFD
| Short | 132 | 3.58219696969697 GBP |
25p ordinary | CFD
| Short | 22418 | 3.58200017842805 GBP |
25p ordinary | CFD
| Short | 102 | 3.647147 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: | 20 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