Form 8.5 (EPT/RI) -British Land Company plc, The
26th Mar 2026 08:15
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: | 25 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 | 2,729,327 | 3.5680 GBP | 3.5060 GBP |
25p ordinary | PURCHASES | 2,251,639 | 3.5700 GBP | 3.5060 GBP |
25p ordinary | PURCHASES | 4 | 4.7722 USD | 4.7606 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 | 930 | 3.5397 GBP |
25p ordinary | CFD | increasing a long position | 31,676 | 3.5434 GBP |
25p ordinary | CFD | increasing a long position | 946 | 3.5436 GBP |
25p ordinary | CFD | increasing a long position | 4,962 | 3.5456 GBP |
25p ordinary | CFD | increasing a long position | 8,937 | 3.5520 GBP |
25p ordinary | CFD | increasing a long position | 17,063 | 3.5521 GBP |
25p ordinary | CFD | increasing a long position | 4,032 | 3.5527 GBP |
25p ordinary | CFD | increasing a long position | 25,656 | 3.5539 GBP |
25p ordinary | CFD | increasing a long position | 61 | 3.5542 GBP |
25p ordinary | CFD | increasing a long position | 68 | 3.5542 GBP |
25p ordinary | CFD | increasing a long position | 383 | 3.5543 GBP |
25p ordinary | CFD | increasing a long position | 4,049 | 3.5543 GBP |
25p ordinary | CFD | increasing a long position | 1,000 | 3.5543 GBP |
25p ordinary | CFD | increasing a long position | 23 | 3.5544 GBP |
25p ordinary | CFD | increasing a long position | 5,547 | 3.5545 GBP |
25p ordinary | CFD | increasing a long position | 5,016 | 3.5548 GBP |
25p ordinary | CFD | increasing a long position | 3,893 | 3.5553 GBP |
25p ordinary | CFD | increasing a long position | 2,843 | 3.5557 GBP |
25p ordinary | CFD | increasing a long position | 1,419 | 3.5560 GBP |
25p ordinary | CFD | increasing a long position | 4,239 | 3.5560 GBP |
25p ordinary | CFD | increasing a long position | 2,574 | 3.5560 GBP |
25p ordinary | CFD | increasing a long position | 2,818 | 3.5560 GBP |
25p ordinary | CFD | increasing a long position | 1,403 | 3.5560 GBP |
25p ordinary | CFD | increasing a long position | 3,601 | 3.5560 GBP |
25p ordinary | CFD | increasing a long position | 5,845 | 3.5560 GBP |
25p ordinary | CFD | increasing a long position | 9,455 | 3.5560 GBP |
25p ordinary | CFD | increasing a long position | 1,871 | 3.5560 GBP |
25p ordinary | CFD | increasing a long position | 1,757 | 3.5560 GBP |
25p ordinary | CFD | increasing a long position | 1,520 | 3.5560 GBP |
25p ordinary | CFD | increasing a long position | 1,052 | 3.5560 GBP |
25p ordinary | CFD | increasing a long position | 2,890 | 3.5560 GBP |
25p ordinary | CFD | increasing a long position | 4,424 | 3.5560 GBP |
25p ordinary | CFD | increasing a long position | 10,265 | 3.5560 GBP |
25p ordinary | CFD | increasing a long position | 9,754 | 3.5568 GBP |
25p ordinary | CFD | increasing a long position | 40,308 | 3.5588 GBP |
25p ordinary | CFD | increasing a long position | 12,181 | 3.5600 GBP |
25p ordinary | CFD | increasing a long position | 4,392 | 3.5602 GBP |
25p ordinary | CFD | increasing a long position | 3,955 | 3.5638 GBP |
25p ordinary | CFD | increasing a long position | 4,678 | 3.5646 GBP |
25p ordinary | CFD | increasing a short position | 2,959 | 3.5401 GBP |
25p ordinary | CFD | increasing a short position | 500 | 3.5442 GBP |
25p ordinary | CFD | increasing a short position | 90,274 | 3.5460 GBP |
25p ordinary | CFD | increasing a short position | 2,438 | 3.5536 GBP |
25p ordinary | CFD | increasing a short position | 3,072 | 3.5536 GBP |
25p ordinary | CFD | increasing a short position | 1,027 | 3.5536 GBP |
25p ordinary | CFD | increasing a short position | 3,447 | 3.5540 GBP |
25p ordinary | CFD | increasing a short position | 28 | 3.5549 GBP |
25p ordinary | CFD | increasing a short position | 692 | 3.5550 GBP |
25p ordinary | CFD | increasing a short position | 18,064 | 3.5552 GBP |
25p ordinary | CFD | increasing a short position | 25,184 | 3.5553 GBP |
25p ordinary | CFD | increasing a short position | 10 | 3.5560 GBP |
25p ordinary | CFD | increasing a short position | 1,484 | 3.5560 GBP |
25p ordinary | CFD | increasing a short position | 19,901 | 3.5560 GBP |
25p ordinary | CFD | increasing a short position | 158 | 3.5585 GBP |
25p ordinary | CFD | increasing a short position | 4 | 3.5595 GBP |
25p ordinary | CFD | increasing a short position | 115 | 3.5604 GBP |
25p ordinary | CFD | reducing a long position | 71 | 3.5178 GBP |
25p ordinary | CFD | reducing a long position | 291 | 3.5178 GBP |
25p ordinary | CFD | reducing a long position | 201 | 3.5178 GBP |
25p ordinary | CFD | reducing a long position | 1,485 | 3.5178 GBP |
25p ordinary | CFD | reducing a long position | 12 | 3.5339 GBP |
25p ordinary | CFD | reducing a long position | 2,402 | 3.5339 GBP |
25p ordinary | CFD | reducing a long position | 67,923 | 3.5344 GBP |
25p ordinary | CFD | reducing a long position | 1 | 3.5347 GBP |
25p ordinary | CFD | reducing a long position | 5 | 3.5347 GBP |
25p ordinary | CFD | reducing a long position | 1 | 3.5347 GBP |
25p ordinary | CFD | reducing a long position | 19,179 | 3.5443 GBP |
25p ordinary | CFD | reducing a long position | 29,255 | 3.5470 GBP |
25p ordinary | CFD | reducing a long position | 47,166 | 3.5540 GBP |
25p ordinary | CFD | reducing a long position | 348 | 3.5540 GBP |
25p ordinary | CFD | reducing a long position | 40,103 | 3.5545 GBP |
25p ordinary | CFD | reducing a long position | 21,579 | 3.5546 GBP |
25p ordinary | CFD | reducing a long position | 228,469 | 3.5555 GBP |
25p ordinary | CFD | reducing a long position | 6,347 | 3.5560 GBP |
25p ordinary | CFD | reducing a long position | 8,105 | 3.5561 GBP |
25p ordinary | CFD | reducing a long position | 18,318 | 3.5578 GBP |
25p ordinary | CFD | reducing a long position | 135,125 | 3.5578 GBP |
25p ordinary | CFD | reducing a long position | 6,464 | 3.5578 GBP |
25p ordinary | CFD | reducing a long position | 26,507 | 3.5578 GBP |
25p ordinary | CFD | reducing a long position | 17,917 | 3.5599 GBP |
25p ordinary | CFD | reducing a short position | 2,831 | 3.5392 GBP |
25p ordinary | CFD | reducing a short position | 32,562 | 3.5444 GBP |
25p ordinary | CFD | reducing a short position | 52,474 | 3.5452 GBP |
25p ordinary | CFD | reducing a short position | 274 | 3.5460 GBP |
25p ordinary | CFD | reducing a short position | 5,882 | 3.5495 GBP |
25p ordinary | CFD | reducing a short position | 84,153 | 3.5524 GBP |
25p ordinary | CFD | reducing a short position | 34,455 | 3.5535 GBP |
25p ordinary | CFD | reducing a short position | 15,777 | 3.5536 GBP |
25p ordinary | CFD | reducing a short position | 23,945 | 3.5536 GBP |
25p ordinary | CFD | reducing a short position | 10,271 | 3.5536 GBP |
25p ordinary | CFD | reducing a short position | 1,784 | 3.5540 GBP |
25p ordinary | CFD | reducing a short position | 13,160 | 3.5548 GBP |
25p ordinary | CFD | reducing a short position | 64,540 | 3.5559 GBP |
25p ordinary | CFD | reducing a short position | 232,746 | 3.5560 GBP |
25p ordinary | CFD | reducing a short position | 4,261 | 3.5560 GBP |
25p ordinary | CFD | reducing a short position | 8,069 | 3.5561 GBP |
25p ordinary | CFD | reducing a short position | 42,879 | 3.5561 GBP |
25p ordinary | CFD | reducing a short position | 558 | 3.5564 GBP |
25p ordinary | CFD | reducing a short position | 1,670 | 3.5564 GBP |
25p ordinary | CFD | reducing a short position | 1,326 | 3.5564 GBP |
25p ordinary | CFD | reducing a short position | 1,340 | 3.5600 GBP |
25p ordinary | CFD | reducing a short position | 1,066 | 3.5608 GBP |
25p ordinary | CFD | reducing a short position | 2,099 | 3.5608 GBP |
25p ordinary | CFD | reducing a short position | 825 | 3.5660 GBP |
25p ordinary | CFD | reducing a short position | 1,070 | 3.5660 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: | 26 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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.