5th Feb 2026 14:38
AMENDMENT(2(a), 2(b))
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: | Morgan Stanley & Co. International plc |
(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, The |
(c) Name of the party to the offer with which exempt principal trader is connected: | British Land Company plc, The |
(d) Date dealing undertaken: | 03 February 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 - Life Science REIT plc |
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 | SALES | 892,805 | 4.1960 GBP | 4.1279 GBP |
25p ordinary | PURCHASES | 1,646,307 | 4.1980 GBP | 4.1400 GBP |
25p ordinary | PURCHASES | 1 | 5.7326 USD | 5.7326 USD |
(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 | 3,195 | 4.1276 GBP |
25p ordinary | CFD | increasing a long position | 10,668 | 4.1276 GBP |
25p ordinary | CFD | increasing a long position | 6,698 | 4.1276 GBP |
25p ordinary | CFD | increasing a long position | 1,393 | 4.1276 GBP |
25p ordinary | CFD | increasing a long position | 1,608 | 4.1276 GBP |
25p ordinary | CFD | increasing a long position | 2,143 | 4.1276 GBP |
25p ordinary | CFD | increasing a long position | 1,206 | 4.1276 GBP |
25p ordinary | CFD | increasing a long position | 1,045 | 4.1276 GBP |
25p ordinary | CFD | increasing a long position | 3,229 | 4.1276 GBP |
25p ordinary | CFD | increasing a long position | 2,329 | 4.1276 GBP |
25p ordinary | CFD | increasing a long position | 4,126 | 4.1276 GBP |
25p ordinary | CFD | increasing a long position | 19,558 | 4.1479 GBP |
25p ordinary | CFD | increasing a long position | 18 | 4.1517 GBP |
25p ordinary | CFD | increasing a long position | 6,018 | 4.1620 GBP |
25p ordinary | CFD | increasing a long position | 2,003 | 4.1648 GBP |
25p ordinary | CFD | increasing a long position | 326 | 4.1690 GBP |
25p ordinary | CFD | increasing a long position | 1,813 | 4.1690 GBP |
25p ordinary | CFD | increasing a long position | 580 | 4.1690 GBP |
25p ordinary | CFD | increasing a long position | 874 | 4.1690 GBP |
25p ordinary | CFD | increasing a long position | 435 | 4.1690 GBP |
25p ordinary | CFD | increasing a long position | 767 | 4.1690 GBP |
25p ordinary | CFD | increasing a long position | 3,065 | 4.1690 GBP |
25p ordinary | CFD | increasing a long position | 375 | 4.1690 GBP |
25p ordinary | CFD | increasing a long position | 1,117 | 4.1690 GBP |
25p ordinary | CFD | increasing a long position | 865 | 4.1690 GBP |
25p ordinary | CFD | increasing a long position | 283 | 4.1690 GBP |
25p ordinary | CFD | increasing a long position | 244 | 4.1699 GBP |
25p ordinary | CFD | increasing a long position | 567 | 4.1719 GBP |
25p ordinary | CFD | increasing a long position | 114 | 4.1724 GBP |
25p ordinary | CFD | increasing a long position | 5,319 | 4.1732 GBP |
25p ordinary | CFD | increasing a long position | 1,180 | 4.1736 GBP |
25p ordinary | CFD | increasing a long position | 806 | 4.1743 GBP |
25p ordinary | CFD | increasing a long position | 2,483 | 4.1744 GBP |
25p ordinary | CFD | increasing a long position | 22,145 | 4.1779 GBP |
25p ordinary | CFD | increasing a long position | 3,538 | 4.1782 GBP |
25p ordinary | CFD | increasing a long position | 7,998 | 4.1786 GBP |
25p ordinary | CFD | increasing a long position | 2,271 | 4.1786 GBP |
25p ordinary | CFD | increasing a long position | 7,630 | 4.1786 GBP |
25p ordinary | CFD | increasing a long position | 48,514 | 4.1786 GBP |
25p ordinary | CFD | increasing a long position | 13,568 | 4.1786 GBP |
25p ordinary | CFD | increasing a long position | 6,439 | 4.1794 GBP |
25p ordinary | CFD | increasing a long position | 3,790 | 4.1794 GBP |
25p ordinary | CFD | increasing a long position | 4,000 | 4.1794 GBP |
25p ordinary | CFD | increasing a long position | 4,952 | 4.1794 GBP |
25p ordinary | CFD | increasing a long position | 4,113 | 4.1800 GBP |
25p ordinary | CFD | increasing a long position | 414 | 4.1800 GBP |
25p ordinary | CFD | increasing a long position | 15,091 | 4.1800 GBP |
25p ordinary | CFD | increasing a long position | 20,139 | 4.1803 GBP |
25p ordinary | CFD | increasing a long position | 2,928 | 4.1813 GBP |
25p ordinary | CFD | increasing a long position | 12,554 | 4.1816 GBP |
25p ordinary | CFD | increasing a long position | 1,210 | 4.1816 GBP |
25p ordinary | CFD | increasing a long position | 7,491 | 4.1816 GBP |
25p ordinary | CFD | increasing a long position | 43 | 4.1820 GBP |
25p ordinary | CFD | increasing a long position | 68 | 4.1821 GBP |
25p ordinary | CFD | increasing a short position | 2,334 | 4.1515 GBP |
25p ordinary | CFD | increasing a short position | 656 | 4.1540 GBP |
25p ordinary | CFD | increasing a short position | 1,509 | 4.1628 GBP |
25p ordinary | CFD | increasing a short position | 36,804 | 4.1740 GBP |
25p ordinary | CFD | increasing a short position | 5,639 | 4.1757 GBP |
25p ordinary | CFD | increasing a short position | 92,012 | 4.1761 GBP |
25p ordinary | CFD | increasing a short position | 18,402 | 4.1770 GBP |
25p ordinary | CFD | increasing a short position | 18,402 | 4.1790 GBP |
25p ordinary | CFD | increasing a short position | 15,875 | 4.1793 GBP |
25p ordinary | CFD | increasing a short position | 29,611 | 4.1793 GBP |
25p ordinary | CFD | increasing a short position | 99,122 | 4.1798 GBP |
25p ordinary | CFD | increasing a short position | 419 | 4.1800 GBP |
25p ordinary | CFD | increasing a short position | 29 | 4.1800 GBP |
25p ordinary | CFD | increasing a short position | 466 | 4.1800 GBP |
25p ordinary | CFD | increasing a short position | 840 | 4.1800 GBP |
25p ordinary | CFD | increasing a short position | 8,739 | 4.1800 GBP |
25p ordinary | CFD | increasing a short position | 26,477 | 4.1800 GBP |
25p ordinary | CFD | increasing a short position | 1,213 | 4.1806 GBP |
25p ordinary | CFD | increasing a short position | 119,760 | 4.1812 GBP |
25p ordinary | CFD | increasing a short position | 400,000 | 4.1820 GBP |
25p ordinary | CFD | reducing a long position | 67 | 4.1520 GBP |
25p ordinary | CFD | reducing a long position | 44 | 4.1522 GBP |
25p ordinary | CFD | reducing a long position | 6,018 | 4.1620 GBP |
25p ordinary | CFD | reducing a long position | 128 | 4.1623 GBP |
25p ordinary | CFD | reducing a long position | 26 | 4.1654 GBP |
25p ordinary | CFD | reducing a long position | 2,251 | 4.1654 GBP |
25p ordinary | CFD | reducing a long position | 27 | 4.1656 GBP |
25p ordinary | CFD | reducing a long position | 1,039 | 4.1671 GBP |
25p ordinary | CFD | reducing a long position | 1 | 4.1700 GBP |
25p ordinary | CFD | reducing a long position | 2 | 4.1700 GBP |
25p ordinary | CFD | reducing a long position | 2,147 | 4.1705 GBP |
25p ordinary | CFD | reducing a long position | 2,701 | 4.1719 GBP |
25p ordinary | CFD | reducing a long position | 5,519 | 4.1720 GBP |
25p ordinary | CFD | reducing a long position | 102 | 4.1733 GBP |
25p ordinary | CFD | reducing a long position | 19 | 4.1734 GBP |
25p ordinary | CFD | reducing a long position | 5,201 | 4.1740 GBP |
25p ordinary | CFD | reducing a long position | 4,115 | 4.1740 GBP |
25p ordinary | CFD | reducing a long position | 17 | 4.1741 GBP |
25p ordinary | CFD | reducing a long position | 11,591 | 4.1753 GBP |
25p ordinary | CFD | reducing a long position | 26,283 | 4.1767 GBP |
25p ordinary | CFD | reducing a long position | 18,715 | 4.1767 GBP |
25p ordinary | CFD | reducing a long position | 28,210 | 4.1768 GBP |
25p ordinary | CFD | reducing a long position | 2,061 | 4.1770 GBP |
25p ordinary | CFD | reducing a long position | 2,474 | 4.1783 GBP |
25p ordinary | CFD | reducing a long position | 15,169 | 4.1792 GBP |
25p ordinary | CFD | reducing a long position | 20,697 | 4.1792 GBP |
25p ordinary | CFD | reducing a long position | 58,307 | 4.1798 GBP |
25p ordinary | CFD | reducing a long position | 17,019 | 4.1799 GBP |
25p ordinary | CFD | reducing a long position | 20,500 | 4.1800 GBP |
25p ordinary | CFD | reducing a long position | 10 | 4.1800 GBP |
25p ordinary | CFD | reducing a long position | 62,840 | 4.1800 GBP |
25p ordinary | CFD | reducing a long position | 47,108 | 4.1801 GBP |
25p ordinary | CFD | reducing a long position | 615 | 4.1801 GBP |
25p ordinary | CFD | reducing a long position | 328 | 4.1801 GBP |
25p ordinary | CFD | reducing a long position | 7,741 | 4.1807 GBP |
25p ordinary | CFD | reducing a long position | 244 | 4.1812 GBP |
25p ordinary | CFD | reducing a long position | 1,700 | 4.1829 GBP |
25p ordinary | CFD | reducing a long position | 19,199 | 4.1834 GBP |
25p ordinary | CFD | reducing a long position | 1 | 4.1840 GBP |
25p ordinary | CFD | reducing a long position | 899 | 4.1884 GBP |
25p ordinary | CFD | reducing a short position | 2,334 | 4.1512 GBP |
25p ordinary | CFD | reducing a short position | 323 | 4.1760 GBP |
25p ordinary | CFD | reducing a short position | 3,578 | 4.1761 GBP |
25p ordinary | CFD | reducing a short position | 6,098 | 4.1762 GBP |
25p ordinary | CFD | reducing a short position | 87,996 | 4.1800 GBP |
25p ordinary | CFD | reducing a short position | 26,477 | 4.1800 GBP |
25p ordinary | CFD | reducing a short position | 29,728 | 4.1800 GBP |
25p ordinary | CFD | reducing a short position | 32,247 | 4.1805 GBP |
25p ordinary | CFD | reducing a short position | 8,555 | 4.1815 GBP |
25p ordinary | CFD | reducing a short position | 73,226 | 4.1878 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 |
N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
N/A | N/A | N/A | N/A | N/A |
(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) |
N/A | N/A | N/A | N/A |
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
|
(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: | 05 February 2026 |
| Contact name: | Claire Gordon |
| Telephone number: | +44 141 245-8893 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
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