3rd Feb 2026 13:53
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: | 30 January 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 | 1,370,158 | 4.1660 GBP | 4.1200 GBP |
25p ordinary | SALES | 744,489 | 4.1660 GBP | 4.1220 GBP |
25p ordinary | SALES | 3 | 5.6906 USD | 5.6906 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 | 491 | 4.1419 GBP |
25p ordinary | CFD | increasing a long position | 1,491 | 4.1458 GBP |
25p ordinary | CFD | increasing a long position | 26,857 | 4.1462 GBP |
25p ordinary | CFD | increasing a long position | 2,971 | 4.1464 GBP |
25p ordinary | CFD | increasing a long position | 26 | 4.1474 GBP |
25p ordinary | CFD | increasing a long position | 2,264 | 4.1475 GBP |
25p ordinary | CFD | increasing a long position | 1,961 | 4.1475 GBP |
25p ordinary | CFD | increasing a long position | 5,999 | 4.1475 GBP |
25p ordinary | CFD | increasing a long position | 6,062 | 4.1475 GBP |
25p ordinary | CFD | increasing a long position | 12,577 | 4.1475 GBP |
25p ordinary | CFD | increasing a long position | 2,616 | 4.1475 GBP |
25p ordinary | CFD | increasing a long position | 20,030 | 4.1475 GBP |
25p ordinary | CFD | increasing a long position | 4,373 | 4.1475 GBP |
25p ordinary | CFD | increasing a long position | 3,018 | 4.1475 GBP |
25p ordinary | CFD | increasing a long position | 7,747 | 4.1475 GBP |
25p ordinary | CFD | increasing a long position | 4,025 | 4.1475 GBP |
25p ordinary | CFD | increasing a long position | 10,663 | 4.1479 GBP |
25p ordinary | CFD | increasing a long position | 124,736 | 4.1480 GBP |
25p ordinary | CFD | increasing a long position | 25,771 | 4.1480 GBP |
25p ordinary | CFD | increasing a long position | 3 | 4.1480 GBP |
25p ordinary | CFD | increasing a long position | 6,528 | 4.1497 GBP |
25p ordinary | CFD | increasing a long position | 141 | 4.1507 GBP |
25p ordinary | CFD | increasing a long position | 3,004 | 4.1515 GBP |
25p ordinary | CFD | increasing a long position | 7,711 | 4.1515 GBP |
25p ordinary | CFD | increasing a long position | 12,517 | 4.1515 GBP |
25p ordinary | CFD | increasing a long position | 6,033 | 4.1515 GBP |
25p ordinary | CFD | increasing a long position | 4,006 | 4.1515 GBP |
25p ordinary | CFD | increasing a long position | 2,253 | 4.1515 GBP |
25p ordinary | CFD | increasing a long position | 2,604 | 4.1515 GBP |
25p ordinary | CFD | increasing a long position | 4,352 | 4.1515 GBP |
25p ordinary | CFD | increasing a long position | 1,952 | 4.1515 GBP |
25p ordinary | CFD | increasing a long position | 5,971 | 4.1515 GBP |
25p ordinary | CFD | increasing a long position | 19,935 | 4.1515 GBP |
25p ordinary | CFD | increasing a long position | 19,830 | 4.1517 GBP |
25p ordinary | CFD | increasing a long position | 563 | 4.1562 GBP |
25p ordinary | CFD | increasing a long position | 297 | 4.1656 GBP |
25p ordinary | CFD | increasing a short position | 2,492 | 4.1284 GBP |
25p ordinary | CFD | increasing a short position | 768 | 4.1320 GBP |
25p ordinary | CFD | increasing a short position | 50,616 | 4.1387 GBP |
25p ordinary | CFD | increasing a short position | 42,124 | 4.1395 GBP |
25p ordinary | CFD | increasing a short position | 971 | 4.1417 GBP |
25p ordinary | CFD | increasing a short position | 26 | 4.1440 GBP |
25p ordinary | CFD | increasing a short position | 6,685 | 4.1464 GBP |
25p ordinary | CFD | increasing a short position | 8,717 | 4.1466 GBP |
25p ordinary | CFD | increasing a short position | 26,524 | 4.1472 GBP |
25p ordinary | CFD | increasing a short position | 572 | 4.1477 GBP |
25p ordinary | CFD | increasing a short position | 7,504 | 4.1477 GBP |
25p ordinary | CFD | increasing a short position | 1,910 | 4.1477 GBP |
25p ordinary | CFD | increasing a short position | 1,670 | 4.1477 GBP |
25p ordinary | CFD | increasing a short position | 10,328 | 4.1480 GBP |
25p ordinary | CFD | increasing a short position | 441 | 4.1480 GBP |
25p ordinary | CFD | increasing a short position | 76 | 4.1480 GBP |
25p ordinary | CFD | increasing a short position | 26,782 | 4.1480 GBP |
25p ordinary | CFD | increasing a short position | 114,600 | 4.1480 GBP |
25p ordinary | CFD | increasing a short position | 26,081 | 4.1480 GBP |
25p ordinary | CFD | increasing a short position | 5,131 | 4.1480 GBP |
25p ordinary | CFD | increasing a short position | 4,823 | 4.1480 GBP |
25p ordinary | CFD | increasing a short position | 794 | 4.1480 GBP |
25p ordinary | CFD | increasing a short position | 68,413 | 4.1480 GBP |
25p ordinary | CFD | increasing a short position | 2,561 | 4.1484 GBP |
25p ordinary | CFD | reducing a long position | 8,935 | 4.1324 GBP |
25p ordinary | CFD | reducing a long position | 37,584 | 4.1347 GBP |
25p ordinary | CFD | reducing a long position | 29,462 | 4.1395 GBP |
25p ordinary | CFD | reducing a long position | 8,094 | 4.1422 GBP |
25p ordinary | CFD | reducing a long position | 33,925 | 4.1428 GBP |
25p ordinary | CFD | reducing a long position | 23,147 | 4.1454 GBP |
25p ordinary | CFD | reducing a long position | 4,477 | 4.1457 GBP |
25p ordinary | CFD | reducing a long position | 1,464 | 4.1457 GBP |
25p ordinary | CFD | reducing a long position | 5,854 | 4.1457 GBP |
25p ordinary | CFD | reducing a long position | 30,307 | 4.1458 GBP |
25p ordinary | CFD | reducing a long position | 875 | 4.1459 GBP |
25p ordinary | CFD | reducing a long position | 1,252 | 4.1460 GBP |
25p ordinary | CFD | reducing a long position | 1,770 | 4.1464 GBP |
25p ordinary | CFD | reducing a long position | 21,889 | 4.1467 GBP |
25p ordinary | CFD | reducing a long position | 16,896 | 4.1468 GBP |
25p ordinary | CFD | reducing a long position | 135,369 | 4.1474 GBP |
25p ordinary | CFD | reducing a long position | 221 | 4.1476 GBP |
25p ordinary | CFD | reducing a long position | 2 | 4.1480 GBP |
25p ordinary | CFD | reducing a long position | 504 | 4.1480 GBP |
25p ordinary | CFD | reducing a long position | 124,736 | 4.1480 GBP |
25p ordinary | CFD | reducing a long position | 828 | 4.1480 GBP |
25p ordinary | CFD | reducing a long position | 48,189 | 4.1480 GBP |
25p ordinary | CFD | reducing a long position | 33,147 | 4.1480 GBP |
25p ordinary | CFD | reducing a long position | 17,187 | 4.1483 GBP |
25p ordinary | CFD | reducing a long position | 9,133 | 4.1483 GBP |
25p ordinary | CFD | reducing a long position | 25,723 | 4.1489 GBP |
25p ordinary | CFD | reducing a long position | 13,668 | 4.1489 GBP |
25p ordinary | CFD | reducing a long position | 2,064 | 4.1498 GBP |
25p ordinary | CFD | reducing a long position | 963 | 4.1500 GBP |
25p ordinary | CFD | reducing a long position | 179 | 4.1550 GBP |
25p ordinary | CFD | reducing a long position | 955 | 4.1572 GBP |
25p ordinary | CFD | reducing a short position | 217 | 4.1260 GBP |
25p ordinary | CFD | reducing a short position | 42,124 | 4.1458 GBP |
25p ordinary | CFD | reducing a short position | 21,495 | 4.1480 GBP |
25p ordinary | CFD | reducing a short position | 10,328 | 4.1480 GBP |
25p ordinary | CFD | reducing a short position | 70 | 4.1481 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: | 03 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