20th 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: | 17 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
| 687500 | 4.09000 GBP | 3.93986 GBP |
25p ordinary | Sell
| 703351 | 4.09000 GBP | 3.93686 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 | 439 | 3.960137 GBP |
25p ordinary | CFD
| Increasing a long position | 75789 | 4.045 GBP |
25p ordinary | CFD
| Increasing a long position | 3768 | 3.97240857507431 GBP |
25p ordinary | CFD
| Increasing a long position | 14763 | 4.00244176490686 GBP |
25p ordinary | CFD
| Increasing a long position | 76823 | 4.0445955 GBP |
25p ordinary | CFD
| Increasing a long position | 870 | 3.96 GBP |
25p ordinary | CFD
| Increasing a long position | 1 | 3.94569617 GBP |
25p ordinary | CFD
| Increasing a long position | 4594 | 4.0620185 GBP |
25p ordinary | CFD
| Increasing a long position | 975 | 4.05464966 GBP |
25p ordinary | CFD
| Increasing a long position | 1670 | 3.97506826 GBP |
25p ordinary | CFD
| Increasing a long position | 1462 | 4.0635 GBP |
25p ordinary | CFD
| Increasing a long position | 295 | 3.9579322 GBP |
25p ordinary | CFD
| Increasing a long position | 150 | 4.064 GBP |
25p ordinary | CFD
| Increasing a long position | 4158 | 4.02257352747234 GBP |
25p ordinary | CFD
| Increasing a long position | 10903 | 4.00997542 GBP |
25p ordinary | CFD
| Increasing a long position | 71313 | 4.0447936793572 GBP |
25p ordinary | CFD
| Increasing a long position | 467 | 4.0589978587 GBP |
25p ordinary | CFD
| Increasing a long position | 457 | 3.976805 GBP |
25p ordinary | CFD
| Increasing a long position | 25 | 4.05186504 GBP |
25p ordinary | CFD
| Increasing a long position | 45734 | 4.044798 GBP |
25p ordinary | CFD
| Increasing a long position | 1835 | 4.04527220952589 GBP |
25p ordinary | CFD
| Increasing a long position | 679 | 3.97077025272459 GBP |
25p ordinary | CFD
| Increasing a long position | 93545 | 3.96102043 GBP |
25p ordinary | CFD
| Increasing a long position | 10633 | 3.96699468601225 GBP |
25p ordinary | CFD
| Reducing a long position | 858 | 4.0040641 GBP |
25p ordinary | CFD
| Reducing a long position | 113389 | 4.045 GBP |
25p ordinary | CFD
| Reducing a long position | 694 | 3.939 GBP |
25p ordinary | CFD
| Reducing a long position | 79967 | 3.99962665 GBP |
25p ordinary | CFD
| Reducing a long position | 4250 | 3.9555 GBP |
25p ordinary | CFD
| Reducing a long position | 5032 | 3.98878102 GBP |
25p ordinary | CFD
| Reducing a long position | 2348 | 4.01067695911414 GBP |
25p ordinary | CFD
| Reducing a long position | 5388 | 4.062426 GBP |
25p ordinary | CFD
| Reducing a long position | 118 | 3.93971431 GBP |
25p ordinary | CFD
| Reducing a long position | 47 | 3.95197362 GBP |
25p ordinary | CFD
| Reducing a long position | 357 | 4.065 GBP |
25p ordinary | CFD
| Reducing a long position | 19 | 3.95158752 GBP |
25p ordinary | CFD
| Reducing a long position | 15312 | 4.00883157000795 GBP |
25p ordinary | CFD
| Reducing a long position | 61583 | 4.04530501342919 GBP |
25p ordinary | CFD
| Reducing a long position | 9543 | 4.04033479919941 GBP |
25p ordinary | CFD
| Reducing a long position | 3849 | 4.045201 GBP |
25p ordinary | CFD
| Reducing a long position | 12874 | 4.0150536069551 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 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