17th Mar 2026 11:17
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: | 16 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
| 275922 | 3.77133 GBP | 3.66599 GBP |
25p ordinary | Sell
| 452537 | 3.77133 GBP | 3.66599 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 | 37 | 3.738 GBP |
25p ordinary | CFD
| Long | 3967 | 3.7277135721 GBP |
25p ordinary | CFD
| Long | 593 | 3.729061 GBP |
25p ordinary | CFD
| Long | 480 | 3.7455602 GBP |
25p ordinary | CFD
| Long | 57611 | 3.724 GBP |
25p ordinary | CFD
| Long | 1175 | 3.75243744535319 GBP |
25p ordinary | CFD
| Long | 790 | 3.73019747 GBP |
25p ordinary | CFD
| Long | 2505 | 3.668 GBP |
25p ordinary | CFD
| Long | 3122 | 3.73400064061499 GBP |
25p ordinary | CFD
| Long | 3757 | 3.67199893532073 GBP |
25p ordinary | CFD
| Long | 3123 | 3.68500160102466 GBP |
25p ordinary | CFD
| Long | 3122 | 3.71 GBP |
25p ordinary | CFD
| Long | 2191 | 3.76600182565039 GBP |
25p ordinary | CFD
| Long | 3239 | 3.73 GBP |
25p ordinary | CFD
| Long | 3122 | 3.73599935938501 GBP |
25p ordinary | CFD
| Long | 2210 | 3.766 GBP |
25p ordinary | CFD
| Long | 286 | 3.74601398601399 GBP |
25p ordinary | CFD
| Long | 1501 | 3.76399733510993 GBP |
25p ordinary | CFD
| Long | 3123 | 3.74600064040986 GBP |
25p ordinary | CFD
| Long | 3122 | 3.74599935938501 GBP |
25p ordinary | CFD
| Long | 2896 | 3.67199930939227 GBP |
25p ordinary | CFD
| Long | 29096 | 3.7277137465 GBP |
25p ordinary | CFD
| Long | 70292 | 3.7279161288 GBP |
25p ordinary | CFD
| Long | 59110 | 3.7282082358 GBP |
25p ordinary | CFD
| Long | 40303 | 3.72575143289581 GBP |
25p ordinary | CFD
| Long | 14279 | 3.73063918757056 GBP |
25p ordinary | CFD
| Long | 16 | 3.68 GBP |
25p ordinary | CFD
| Long | 34 | 3.756157 GBP |
25p ordinary | CFD
| Long | 436 | 3.686 GBP |
25p ordinary | CFD
| Long | 4652 | 3.76189854 GBP |
25p ordinary | CFD
| Long | 2253 | 3.75758988071904 GBP |
25p ordinary | CFD
| Long | 30382 | 3.73424501192318 GBP |
25p ordinary | CFD
| Long | 29338 | 3.7446741625271 GBP |
25p ordinary | CFD
| Long | 3549 | 3.67389687235841 GBP |
25p ordinary | CFD
| Long | 1506 | 3.68336487227092 GBP |
25p ordinary | CFD
| Long | 15 | 3.679 GBP |
25p ordinary | CFD
| Long | 1 | 3.706 GBP |
25p ordinary | CFD
| Long | 6085 | 3.72557107641742 GBP |
25p ordinary | CFD
| Long | 20228 | 3.740174 GBP |
25p ordinary | CFD
| Long | 12289 | 3.727916311 GBP |
25p ordinary | CFD
| Long | 8061 | 3.7282076972 GBP |
25p ordinary | CFD
| Long | 2052 | 3.73361208888889 GBP |
25p ordinary | CFD
| Short | 1201 | 3.66800166527893 GBP |
25p ordinary | CFD
| Short | 16836 | 3.72876001597826 GBP |
25p ordinary | CFD
| Short | 199 | 3.74597989949749 GBP |
25p ordinary | CFD
| Short | 167 | 3.7340119760479 GBP |
25p ordinary | CFD
| Short | 6053 | 3.7048448 GBP |
25p ordinary | CFD
| Short | 1493 | 3.72454559253182 GBP |
25p ordinary | CFD
| Short | 2488 | 3.7387202598955 GBP |
25p ordinary | CFD
| Short | 1503 | 3.764 GBP |
25p ordinary | CFD
| Short | 903 | 3.676 GBP |
25p ordinary | CFD
| Short | 1 | 3.77 GBP |
25p ordinary | CFD
| Short | 87 | 3.74597701149425 GBP |
25p ordinary | CFD
| Short | 1 | 3.76 GBP |
25p ordinary | CFD
| Short | 73 | 3.73397260273973 GBP |
25p ordinary | CFD
| Short | 2008 | 3.685 GBP |
25p ordinary | CFD
| Short | 3122 | 3.71 GBP |
25p ordinary | CFD
| Short | 1332 | 3.7659984984985 GBP |
25p ordinary | CFD
| Short | 3123 | 3.73 GBP |
25p ordinary | CFD
| Short | 2485 | 3.736 GBP |
25p ordinary | CFD
| Short | 1366 | 3.76600292825769 GBP |
25p ordinary | CFD
| Short | 1879 | 3.74599787120809 GBP |
25p ordinary | CFD
| Short | 1835 | 3.746 GBP |
25p ordinary | CFD
| Short | 2882 | 3.73400069396253 GBP |
25p ordinary | CFD
| Short | 4971 | 3.72604290278817 GBP |
25p ordinary | CFD
| Short | 40303 | 3.7239999503759 GBP |
25p ordinary | CFD
| Short | 1935 | 3.724186 GBP |
25p ordinary | CFD
| Short | 49 | 3.7199387755102 GBP |
25p ordinary | CFD
| Short | 3561 | 3.724 GBP |
25p ordinary | CFD
| Short | 403 | 3.72614888337469 GBP |
25p ordinary | CFD
| Short | 37599 | 3.73630357 GBP |
25p ordinary | CFD
| Short | 67819 | 3.72096297248559 GBP |
25p ordinary | CFD
| Short | 23155 | 3.68906093631138 GBP |
25p ordinary | CFD
| Short | 1783 | 3.67005496354459 GBP |
25p ordinary | CFD
| Short | 19 | 3.68915789473684 GBP |
25p ordinary | CFD
| Short | 4 | 3.715 GBP |
25p ordinary | CFD
| Short | 646 | 3.74600619195046 GBP |
25p ordinary | CFD
| Short | 669 | 3.74599402092676 GBP |
25p ordinary | CFD
| Short | 2951 | 3.67199932226364 GBP |
25p ordinary | CFD
| Short | 1304 | 3.66799846625767 GBP |
25p ordinary | CFD
| Short | 1115 | 3.68499551569507 GBP |
25p ordinary | CFD
| Short | 859 | 3.76599534342258 GBP |
25p ordinary | CFD
| Short | 843 | 3.76600237247924 GBP |
25p ordinary | CFD
| Short | 637 | 3.73599686028257 GBP |
25p ordinary | CFD
| Short | 598 | 3.74600334448161 GBP |
25p ordinary | CFD
| Short | 618 | 3.74600323624595 GBP |
25p ordinary | CFD
| Short | 3702 | 3.67199891950297 GBP |
25p ordinary | CFD
| Short | 11438 | 3.681094 GBP |
25p ordinary | CFD
| Short | 666 | 3.6789 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: | 17 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