16th Mar 2026 11:48
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: | 13 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
| 635010 | 3.74108 GBP | 3.64500 GBP |
25p ordinary | Sell
| 672009 | 3.74108 GBP | 3.65240 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 | 1032 | 3.65570752 GBP |
25p ordinary | CFD
| Long | 1073 | 3.70636051945946 GBP |
25p ordinary | CFD
| Long | 75064 | 3.6593 GBP |
25p ordinary | CFD
| Long | 10 | 3.7 GBP |
25p ordinary | CFD
| Long | 19975 | 3.664 GBP |
25p ordinary | CFD
| Long | 24189 | 3.67200008268221 GBP |
25p ordinary | CFD
| Long | 24716 | 3.65300008091924 GBP |
25p ordinary | CFD
| Long | 136168 | 3.662168 GBP |
25p ordinary | CFD
| Long | 6437 | 3.70197815793537 GBP |
25p ordinary | CFD
| Long | 1124 | 3.655819 GBP |
25p ordinary | CFD
| Long | 586 | 3.699812 GBP |
25p ordinary | CFD
| Long | 70830 | 3.68406889735988 GBP |
25p ordinary | CFD
| Long | 1321 | 3.71206510219531 GBP |
25p ordinary | CFD
| Long | 983 | 3.72330824008138 GBP |
25p ordinary | CFD
| Long | 802 | 3.66179551 GBP |
25p ordinary | CFD
| Long | 901 | 3.69302552569367 GBP |
25p ordinary | CFD
| Long | 131810 | 3.656 GBP |
25p ordinary | CFD
| Long | 10294 | 3.65731129 GBP |
25p ordinary | CFD
| Long | 806 | 3.70549422813896 GBP |
25p ordinary | CFD
| Long | 230 | 3.676 GBP |
25p ordinary | CFD
| Long | 61 | 3.66185193 GBP |
25p ordinary | CFD
| Long | 2717 | 3.69912477147221 GBP |
25p ordinary | CFD
| Long | 52 | 3.65403194 GBP |
25p ordinary | CFD
| Long | 1596 | 3.69367418546366 GBP |
25p ordinary | CFD
| Long | 392 | 3.70990470604592 GBP |
25p ordinary | CFD
| Long | 61756 | 3.66194358 GBP |
25p ordinary | CFD
| Long | 3736 | 3.674 GBP |
25p ordinary | CFD
| Long | 20372 | 3.69709184 GBP |
25p ordinary | CFD
| Long | 15870 | 3.69643717728292 GBP |
25p ordinary | CFD
| Long | 6517 | 3.69835384601197 GBP |
25p ordinary | CFD
| Long | 1588 | 3.67605038 GBP |
25p ordinary | CFD
| Short | 59642 | 3.661097 GBP |
25p ordinary | CFD
| Short | 79368 | 3.656 GBP |
25p ordinary | CFD
| Short | 1350 | 3.6989 GBP |
25p ordinary | CFD
| Short | 8815 | 3.65629248 GBP |
25p ordinary | CFD
| Short | 24838 | 3.66434075 GBP |
25p ordinary | CFD
| Short | 933 | 3.71252717996785 GBP |
25p ordinary | CFD
| Short | 29039 | 3.656183 GBP |
25p ordinary | CFD
| Short | 3099 | 3.65621813488222 GBP |
25p ordinary | CFD
| Short | 67731 | 3.65600005905715 GBP |
25p ordinary | CFD
| Short | 29906 | 3.691949 GBP |
25p ordinary | CFD
| Short | 76077 | 3.68660042 GBP |
25p ordinary | CFD
| Short | 29105 | 3.70361724824429 GBP |
25p ordinary | CFD
| Short | 18471 | 3.71157912427102 GBP |
25p ordinary | CFD
| Short | 17524 | 3.70915133559918 GBP |
25p ordinary | CFD
| Short | 2 | 3.647 GBP |
25p ordinary | CFD
| Short | 26 | 3.65 GBP |
25p ordinary | CFD
| Short | 12885 | 3.65299961195188 GBP |
25p ordinary | CFD
| Short | 12609 | 3.67200015861686 GBP |
25p ordinary | CFD
| Short | 10413 | 3.66399980793239 GBP |
25p ordinary | CFD
| Short | 11831 | 3.65299974642887 GBP |
25p ordinary | CFD
| Short | 11580 | 3.672 GBP |
25p ordinary | CFD
| Short | 9562 | 3.66400020916126 GBP |
25p ordinary | CFD
| Short | 1826 | 3.69144797371303 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: | 16 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