6th Mar 2026 11:20
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: | 04 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 -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 | 1,757,279 | 3.8940 GBP | 3.7860 GBP |
25p ordinary | PURCHASES | 2,211,822 | 3.8942 GBP | 3.7861 GBP |
25p ordinary | PURCHASES | 43,707 | 5.1992 USD | 5.1747 USD |
25p ordinary | SALES | 44,990 | 5.1992 USD | 5.1291 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 | 2,195 | 3.8311 GBP |
25p ordinary | CFD | increasing a long position | 36,150 | 3.8425 GBP |
25p ordinary | CFD | increasing a long position | 12,937 | 3.8425 GBP |
25p ordinary | CFD | increasing a long position | 7,372 | 3.8426 GBP |
25p ordinary | CFD | increasing a long position | 41,648 | 3.8516 GBP |
25p ordinary | CFD | increasing a long position | 4,660 | 3.8553 GBP |
25p ordinary | CFD | increasing a long position | 4,235 | 3.8675 GBP |
25p ordinary | CFD | increasing a long position | 598 | 3.8784 GBP |
25p ordinary | CFD | increasing a long position | 794 | 3.8806 GBP |
25p ordinary | CFD | increasing a long position | 631 | 3.8820 GBP |
25p ordinary | CFD | increasing a long position | 371 | 3.8855 GBP |
25p ordinary | CFD | increasing a long position | 6,100 | 3.8864 GBP |
25p ordinary | CFD | increasing a long position | 23,157 | 3.8878 GBP |
25p ordinary | CFD | increasing a long position | 6,327 | 3.8894 GBP |
25p ordinary | CFD | increasing a long position | 225 | 3.8900 GBP |
25p ordinary | CFD | increasing a long position | 8,470 | 3.8900 GBP |
25p ordinary | CFD | increasing a long position | 2,147 | 3.8902 GBP |
25p ordinary | CFD | increasing a long position | 85 | 3.8935 GBP |
25p ordinary | CFD | increasing a short position | 161 | 3.8000 GBP |
25p ordinary | CFD | increasing a short position | 3 | 3.8000 GBP |
25p ordinary | CFD | increasing a short position | 245 | 3.8000 GBP |
25p ordinary | CFD | increasing a short position | 3,942 | 3.8124 GBP |
25p ordinary | CFD | increasing a short position | 63,675 | 3.8295 GBP |
25p ordinary | CFD | increasing a short position | 1,600 | 3.8364 GBP |
25p ordinary | CFD | increasing a short position | 400 | 3.8383 GBP |
25p ordinary | CFD | increasing a short position | 13,401 | 3.8702 GBP |
25p ordinary | CFD | increasing a short position | 20,356 | 3.8702 GBP |
25p ordinary | CFD | increasing a short position | 2,343 | 3.8720 GBP |
25p ordinary | CFD | increasing a short position | 450 | 3.8740 GBP |
25p ordinary | CFD | increasing a short position | 27 | 3.8761 GBP |
25p ordinary | CFD | increasing a short position | 3,369 | 3.8799 GBP |
25p ordinary | CFD | increasing a short position | 3,093 | 3.8799 GBP |
25p ordinary | CFD | increasing a short position | 1,724 | 3.8799 GBP |
25p ordinary | CFD | increasing a short position | 5,799 | 3.8799 GBP |
25p ordinary | CFD | increasing a short position | 19,323 | 3.8799 GBP |
25p ordinary | CFD | increasing a short position | 3,410 | 3.8873 GBP |
25p ordinary | CFD | increasing a short position | 905 | 3.8880 GBP |
25p ordinary | CFD | increasing a short position | 1,958 | 3.8880 GBP |
25p ordinary | CFD | increasing a short position | 384,196 | 3.8884 GBP |
25p ordinary | CFD | increasing a short position | 8,063 | 3.8889 GBP |
25p ordinary | CFD | increasing a short position | 6,398 | 3.8889 GBP |
25p ordinary | CFD | increasing a short position | 2,693 | 3.8889 GBP |
25p ordinary | CFD | increasing a short position | 42,289 | 3.8894 GBP |
25p ordinary | CFD | increasing a short position | 1,423 | 3.8900 GBP |
25p ordinary | CFD | increasing a short position | 1,210 | 3.8900 GBP |
25p ordinary | CFD | increasing a short position | 1,322 | 3.8900 GBP |
25p ordinary | CFD | increasing a short position | 10 | 3.8900 GBP |
25p ordinary | CFD | increasing a short position | 38,410 | 3.8900 GBP |
25p ordinary | CFD | increasing a short position | 1,175 | 3.8940 GBP |
25p ordinary | CFD | reducing a long position | 64,962 | 3.7861 GBP |
25p ordinary | CFD | reducing a long position | 383 | 3.7878 GBP |
25p ordinary | CFD | reducing a long position | 1,181 | 3.8044 GBP |
25p ordinary | CFD | reducing a long position | 10,230 | 3.8262 GBP |
25p ordinary | CFD | reducing a long position | 57,707 | 3.8429 GBP |
25p ordinary | CFD | reducing a long position | 18,588 | 3.8536 GBP |
25p ordinary | CFD | reducing a long position | 126,316 | 3.8585 GBP |
25p ordinary | CFD | reducing a long position | 59,440 | 3.8608 GBP |
25p ordinary | CFD | reducing a long position | 2,881 | 3.8680 GBP |
25p ordinary | CFD | reducing a long position | 53,372 | 3.8681 GBP |
25p ordinary | CFD | reducing a long position | 3,239 | 3.8815 GBP |
25p ordinary | CFD | reducing a long position | 8,065 | 3.8819 GBP |
25p ordinary | CFD | reducing a long position | 631 | 3.8820 GBP |
25p ordinary | CFD | reducing a long position | 25,280 | 3.8827 GBP |
25p ordinary | CFD | reducing a long position | 63,266 | 3.8837 GBP |
25p ordinary | CFD | reducing a long position | 5,815 | 3.8838 GBP |
25p ordinary | CFD | reducing a long position | 250 | 3.8838 GBP |
25p ordinary | CFD | reducing a long position | 28 | 3.8838 GBP |
25p ordinary | CFD | reducing a long position | 1,651 | 3.8838 GBP |
25p ordinary | CFD | reducing a long position | 17,229 | 3.8851 GBP |
25p ordinary | CFD | reducing a long position | 7,983 | 3.8864 GBP |
25p ordinary | CFD | reducing a long position | 337 | 3.8871 GBP |
25p ordinary | CFD | reducing a long position | 33,310 | 3.8876 GBP |
25p ordinary | CFD | reducing a long position | 431 | 3.8900 GBP |
25p ordinary | CFD | reducing a long position | 6,201 | 3.8919 GBP |
25p ordinary | CFD | reducing a long position | 2,622 | 3.8940 GBP |
25p ordinary | CFD | reducing a long position | 18,045 | 3.8942 GBP |
25p ordinary | CFD | reducing a short position | 1,210 | 3.8000 GBP |
25p ordinary | CFD | reducing a short position | 1,309 | 3.8360 GBP |
25p ordinary | CFD | reducing a short position | 66,203 | 3.8536 GBP |
25p ordinary | CFD | reducing a short position | 993 | 3.8639 GBP |
25p ordinary | CFD | reducing a short position | 1 | 3.8680 GBP |
25p ordinary | CFD | reducing a short position | 237 | 3.8693 GBP |
25p ordinary | CFD | reducing a short position | 178,871 | 3.8714 GBP |
25p ordinary | CFD | reducing a short position | 1,838 | 3.8751 GBP |
25p ordinary | CFD | reducing a short position | 5,149 | 3.8860 GBP |
25p ordinary | CFD | reducing a short position | 4,774 | 3.8883 GBP |
25p ordinary | CFD | reducing a short position | 49,114 | 3.8900 GBP |
25p ordinary | CFD | reducing a short position | 27,389 | 3.8900 GBP |
25p ordinary | CFD | reducing a short position | 214 | 3.8900 GBP |
25p ordinary | CFD | reducing a short position | 38,410 | 3.8900 GBP |
25p ordinary | CFD | reducing a short position | 69 | 3.8900 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: | 06 March 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