30th Mar 2026 11:57
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: | 27 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
| 2667816 | 3.56195 GBP | 3.42000 GBP |
25p ordinary | Sell
| 2053515 | 3.55000 GBP | 3.42000 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 | 2439 | 3.49123273 GBP |
25p ordinary | CFD
| Increasing a long position | 1977355 | 3.432 GBP |
25p ordinary | CFD
| Increasing a long position | 2485 | 3.434011 GBP |
25p ordinary | CFD
| Increasing a long position | 13316 | 3.45977471 GBP |
25p ordinary | CFD
| Increasing a long position | 58079 | 3.44609190962293 GBP |
25p ordinary | CFD
| Increasing a long position | 10449 | 3.49669518614221 GBP |
25p ordinary | CFD
| Increasing a long position | 5608 | 3.51690156901391 GBP |
25p ordinary | CFD
| Increasing a long position | 18 | 3.484 GBP |
25p ordinary | CFD
| Increasing a long position | 18 | 3.48 GBP |
25p ordinary | CFD
| Increasing a long position | 19 | 3.498 GBP |
25p ordinary | CFD
| Increasing a long position | 611 | 3.4563617 GBP |
25p ordinary | CFD
| Increasing a long position | 486 | 3.508 GBP |
25p ordinary | CFD
| Increasing a long position | 64 | 3.502 GBP |
25p ordinary | CFD
| Reducing a long position | 7196 | 3.45666626054475 GBP |
25p ordinary | CFD
| Reducing a long position | 2033904 | 3.432 GBP |
25p ordinary | CFD
| Reducing a long position | 3234 | 3.51950573630798 GBP |
25p ordinary | CFD
| Reducing a long position | 9515 | 3.432171 GBP |
25p ordinary | CFD
| Reducing a long position | 464 | 3.560172 GBP |
25p ordinary | CFD
| Reducing a long position | 245 | 3.432163 GBP |
25p ordinary | CFD
| Reducing a long position | 119520 | 3.44501518851138 GBP |
25p ordinary | CFD
| Reducing a long position | 8047 | 3.46476003369454 GBP |
25p ordinary | CFD
| Reducing a long position | 33428 | 3.44790929742312 GBP |
25p ordinary | CFD
| Reducing a long position | 4924 | 3.45248700153737 GBP |
25p ordinary | CFD
| Reducing a long position | 35130 | 3.43840176 GBP |
25p ordinary | CFD
| Reducing a long position | 17 | 3.48 GBP |
25p ordinary | CFD
| Reducing a long position | 10 | 3.446488097 GBP |
25p ordinary | CFD
| Reducing a long position | 82006 | 3.43874435 GBP |
25p ordinary | CFD
| Reducing a long position | 43 | 3.44002325581395 GBP |
25p ordinary | CFD
| Reducing a long position | 18 | 3.484 GBP |
25p ordinary | CFD
| Reducing a long position | 1 | 3.444 GBP |
25p ordinary | CFD
| Reducing a long position | 14158 | 3.45667023082356 GBP |
25p ordinary | CFD
| Reducing a long position | 15690 | 3.44372084130019 GBP |
25p ordinary | CFD
| Reducing a long position | 1174 | 3.42800058534923 GBP |
25p ordinary | CFD
| Reducing a long position | 11811 | 3.45080477399882 GBP |
25p ordinary | CFD
| Reducing a long position | 94147 | 3.43353028673181 GBP |
25p ordinary | CFD
| Reducing a long position | 4451 | 3.4355735811548 GBP |
25p ordinary | CFD
| Reducing a long position | 1037 | 3.4515014464595 GBP |
25p ordinary | CFD
| Reducing a long position | 84 | 3.43861269 GBP |
25p ordinary | CFD
| Reducing a long position | 9492 | 3.429 GBP |
25p ordinary | CFD
| Reducing a long position | 111201 | 3.442749 GBP |
25p ordinary | CFD
| Reducing a long position | 77 | 3.562 GBP |
25p ordinary | CFD
| Reducing a long position | 75249 | 3.44372095 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: | 30 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