7th Apr 2026 13:01
AMENDMENT(2(a))
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: | 01 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 - 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 | PURCHASES | 1,471,847 | 3.6720 GBP | 3.5999 GBP |
25p ordinary | SALES | 2,001,219 | 3.6720 GBP | 3.5989 GBP |
25p ordinary | SALES | 49 | 4.8381 USD | 4.8363 USD |
25p ordinary | PURCHASES | 1,743 | 4.8661 USD | 4.8661 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 | 2,273 | 3.6127 GBP |
25p ordinary | CFD | increasing a long position | 9,520 | 3.6215 GBP |
25p ordinary | CFD | increasing a long position | 737 | 3.6215 GBP |
25p ordinary | CFD | increasing a long position | 2,943 | 3.6244 GBP |
25p ordinary | CFD | increasing a long position | 48,835 | 3.6249 GBP |
25p ordinary | CFD | increasing a long position | 6,018 | 3.6253 GBP |
25p ordinary | CFD | increasing a long position | 324 | 3.6299 GBP |
25p ordinary | CFD | increasing a long position | 485 | 3.6311 GBP |
25p ordinary | CFD | increasing a long position | 15,376 | 3.6328 GBP |
25p ordinary | CFD | increasing a long position | 125,338 | 3.6338 GBP |
25p ordinary | CFD | increasing a long position | 16,172 | 3.6345 GBP |
25p ordinary | CFD | increasing a long position | 207,446 | 3.6363 GBP |
25p ordinary | CFD | increasing a long position | 754 | 3.6364 GBP |
25p ordinary | CFD | increasing a long position | 12,386 | 3.6372 GBP |
25p ordinary | CFD | increasing a long position | 298 | 3.6382 GBP |
25p ordinary | CFD | increasing a long position | 159 | 3.6387 GBP |
25p ordinary | CFD | increasing a long position | 3,668 | 3.6395 GBP |
25p ordinary | CFD | increasing a long position | 25,690 | 3.6398 GBP |
25p ordinary | CFD | increasing a long position | 200 | 3.6408 GBP |
25p ordinary | CFD | increasing a long position | 9,735 | 3.6415 GBP |
25p ordinary | CFD | increasing a long position | 1,682 | 3.6415 GBP |
25p ordinary | CFD | increasing a long position | 16,397 | 3.6415 GBP |
25p ordinary | CFD | increasing a long position | 16,017 | 3.6422 GBP |
25p ordinary | CFD | increasing a long position | 39,253 | 3.6433 GBP |
25p ordinary | CFD | increasing a long position | 5,228 | 3.6435 GBP |
25p ordinary | CFD | increasing a long position | 1,318 | 3.6444 GBP |
25p ordinary | CFD | increasing a long position | 2,254 | 3.6444 GBP |
25p ordinary | CFD | increasing a long position | 199 | 3.6444 GBP |
25p ordinary | CFD | increasing a long position | 185 | 3.6444 GBP |
25p ordinary | CFD | increasing a long position | 538 | 3.6444 GBP |
25p ordinary | CFD | increasing a long position | 1,481 | 3.6464 GBP |
25p ordinary | CFD | increasing a long position | 1,035 | 3.6466 GBP |
25p ordinary | CFD | increasing a long position | 3,699 | 3.6496 GBP |
25p ordinary | CFD | increasing a long position | 1,004 | 3.6497 GBP |
25p ordinary | CFD | increasing a long position | 5,262 | 3.6500 GBP |
25p ordinary | CFD | increasing a long position | 196,245 | 3.6500 GBP |
25p ordinary | CFD | increasing a long position | 36 | 3.6500 GBP |
25p ordinary | CFD | increasing a short position | 6,900 | 3.5543 GBP |
25p ordinary | CFD | increasing a short position | 1,303 | 3.6188 GBP |
25p ordinary | CFD | increasing a short position | 52,917 | 3.6319 GBP |
25p ordinary | CFD | increasing a short position | 41,153 | 3.6328 GBP |
25p ordinary | CFD | increasing a short position | 520 | 3.6340 GBP |
25p ordinary | CFD | increasing a short position | 400 | 3.6340 GBP |
25p ordinary | CFD | increasing a short position | 379 | 3.6380 GBP |
25p ordinary | CFD | increasing a short position | 900 | 3.6383 GBP |
25p ordinary | CFD | increasing a short position | 41 | 3.6398 GBP |
25p ordinary | CFD | increasing a short position | 16,003 | 3.6404 GBP |
25p ordinary | CFD | increasing a short position | 1,970 | 3.6406 GBP |
25p ordinary | CFD | increasing a short position | 30,322 | 3.6464 GBP |
25p ordinary | CFD | increasing a short position | 9,352 | 3.6477 GBP |
25p ordinary | CFD | increasing a short position | 3,707 | 3.6477 GBP |
25p ordinary | CFD | increasing a short position | 9,352 | 3.6477 GBP |
25p ordinary | CFD | increasing a short position | 9,352 | 3.6477 GBP |
25p ordinary | CFD | increasing a short position | 9,352 | 3.6477 GBP |
25p ordinary | CFD | increasing a short position | 3,947 | 3.6477 GBP |
25p ordinary | CFD | increasing a short position | 1,891 | 3.6477 GBP |
25p ordinary | CFD | increasing a short position | 74 | 3.6500 GBP |
25p ordinary | CFD | increasing a short position | 32 | 3.6500 GBP |
25p ordinary | CFD | increasing a short position | 196,845 | 3.6500 GBP |
25p ordinary | CFD | increasing a short position | 61,415 | 3.6500 GBP |
25p ordinary | CFD | increasing a short position | 37 | 3.6502 GBP |
25p ordinary | CFD | increasing a short position | 3,904 | 3.6502 GBP |
25p ordinary | CFD | increasing a short position | 1,588 | 3.6502 GBP |
25p ordinary | CFD | increasing a short position | 118 | 3.6502 GBP |
25p ordinary | CFD | reducing a long position | 41 | 3.6061 GBP |
25p ordinary | CFD | reducing a long position | 8,640 | 3.6098 GBP |
25p ordinary | CFD | reducing a long position | 184 | 3.6109 GBP |
25p ordinary | CFD | reducing a long position | 240 | 3.6110 GBP |
25p ordinary | CFD | reducing a long position | 192 | 3.6182 GBP |
25p ordinary | CFD | reducing a long position | 555 | 3.6201 GBP |
25p ordinary | CFD | reducing a long position | 470 | 3.6216 GBP |
25p ordinary | CFD | reducing a long position | 124 | 3.6259 GBP |
25p ordinary | CFD | reducing a long position | 19,622 | 3.6319 GBP |
25p ordinary | CFD | reducing a long position | 3,841 | 3.6385 GBP |
25p ordinary | CFD | reducing a long position | 2,642 | 3.6385 GBP |
25p ordinary | CFD | reducing a long position | 183 | 3.6400 GBP |
25p ordinary | CFD | reducing a long position | 275 | 3.6400 GBP |
25p ordinary | CFD | reducing a long position | 14,809 | 3.6405 GBP |
25p ordinary | CFD | reducing a long position | 19,689 | 3.6430 GBP |
25p ordinary | CFD | reducing a long position | 51,942 | 3.6430 GBP |
25p ordinary | CFD | reducing a long position | 6,488 | 3.6458 GBP |
25p ordinary | CFD | reducing a long position | 448 | 3.6474 GBP |
25p ordinary | CFD | reducing a long position | 80 | 3.6499 GBP |
25p ordinary | CFD | reducing a long position | 1,555 | 3.6500 GBP |
25p ordinary | CFD | reducing a long position | 158 | 3.6501 GBP |
25p ordinary | CFD | reducing a long position | 274 | 3.6540 GBP |
25p ordinary | CFD | reducing a short position | 261 | 3.6149 GBP |
25p ordinary | CFD | reducing a short position | 1,073 | 3.6149 GBP |
25p ordinary | CFD | reducing a short position | 745 | 3.6149 GBP |
25p ordinary | CFD | reducing a short position | 5,859 | 3.6149 GBP |
25p ordinary | CFD | reducing a short position | 254 | 3.6185 GBP |
25p ordinary | CFD | reducing a short position | 557 | 3.6185 GBP |
25p ordinary | CFD | reducing a short position | 44,478 | 3.6212 GBP |
25p ordinary | CFD | reducing a short position | 22,793 | 3.6212 GBP |
25p ordinary | CFD | reducing a short position | 15,195 | 3.6212 GBP |
25p ordinary | CFD | reducing a short position | 5,760 | 3.6212 GBP |
25p ordinary | CFD | reducing a short position | 8,640 | 3.6212 GBP |
25p ordinary | CFD | reducing a short position | 2,319 | 3.6215 GBP |
25p ordinary | CFD | reducing a short position | 14,493 | 3.6215 GBP |
25p ordinary | CFD | reducing a short position | 1,074 | 3.6215 GBP |
25p ordinary | CFD | reducing a short position | 4,400 | 3.6215 GBP |
25p ordinary | CFD | reducing a short position | 1,005 | 3.6221 GBP |
25p ordinary | CFD | reducing a short position | 49 | 3.6288 GBP |
25p ordinary | CFD | reducing a short position | 31,241 | 3.6313 GBP |
25p ordinary | CFD | reducing a short position | 52,917 | 3.6328 GBP |
25p ordinary | CFD | reducing a short position | 5,176 | 3.6382 GBP |
25p ordinary | CFD | reducing a short position | 2,623 | 3.6387 GBP |
25p ordinary | CFD | reducing a short position | 2,229 | 3.6418 GBP |
25p ordinary | CFD | reducing a short position | 3,471 | 3.6423 GBP |
25p ordinary | CFD | reducing a short position | 1,206 | 3.6428 GBP |
25p ordinary | CFD | reducing a short position | 307 | 3.6430 GBP |
25p ordinary | CFD | reducing a short position | 956 | 3.6479 GBP |
25p ordinary | CFD | reducing a short position | 32,609 | 3.6486 GBP |
25p ordinary | CFD | reducing a short position | 54,418 | 3.6500 GBP |
25p ordinary | CFD | reducing a short position | 2,720 | 3.6503 GBP |
25p ordinary | CFD | reducing a short position | 5,167 | 3.6503 GBP |
25p ordinary | CFD | reducing a short position | 159 | 3.6509 GBP |
25p ordinary | CFD | reducing a short position | 298 | 3.6509 GBP |
25p ordinary | CFD | reducing a short position | 902 | 3.6530 GBP |
25p ordinary | CFD | reducing a short position | 5,566 | 3.6536 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: | 07 April 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