Form 8.5 (EPT/RI) - British Land Co
14th Apr 2026 11:55
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: | UBS Investment Bank, London |
(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 |
(c) Name of the party to the offer with which exempt principal trader is connected: | British Land Company plc |
(d) Date dealing undertaken: | 13 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
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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 | Buy
| 656424 | 3.78000 GBP | 3.74000 GBP |
25p ordinary | Sell
| 742881 | 3.78200 GBP | 3.74000 GBP |
(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 | 8555 | 3.76962621856984 GBP |
25p ordinary | CFD
| Increasing a long position | 535 | 3.76811742 GBP |
25p ordinary | CFD
| Increasing a long position | 421 | 3.74511638958337 GBP |
25p ordinary | CFD
| Increasing a long position | 19185 | 3.76642387 GBP |
25p ordinary | CFD
| Increasing a long position | 1496 | 3.76962941171551 GBP |
25p ordinary | CFD
| Increasing a long position | 6241 | 3.7599068575 GBP |
25p ordinary | CFD
| Increasing a long position | 3345 | 3.77 GBP |
25p ordinary | CFD
| Increasing a long position | 1571 | 3.75757511 GBP |
25p ordinary | CFD
| Increasing a long position | 570 | 3.76401053 GBP |
25p ordinary | CFD
| Increasing a long position | 9891 | 3.76401759 GBP |
25p ordinary | CFD
| Increasing a long position | 1452 | 3.77114256 GBP |
25p ordinary | CFD
| Increasing a long position | 3169 | 3.782 GBP |
25p ordinary | CFD
| Increasing a long position | 19 | 3.76932447 GBP |
25p ordinary | CFD
| Increasing a long position | 738 | 3.76946925 GBP |
25p ordinary | CFD
| Increasing a long position | 44 | 3.77822325 GBP |
25p ordinary | CFD
| Increasing a long position | 3922 | 3.76166754851096 GBP |
25p ordinary | CFD
| Increasing a long position | 34192 | 3.7698572034394 GBP |
25p ordinary | CFD
| Increasing a long position | 370212 | 3.761 GBP |
25p ordinary | CFD
| Increasing a long position | 40665 | 3.75967752 GBP |
25p ordinary | CFD
| Reducing a long position | 5724 | 3.76461408 GBP |
25p ordinary | CFD
| Reducing a long position | 53 | 3.7605 GBP |
25p ordinary | CFD
| Reducing a long position | 178925 | 3.77 GBP |
25p ordinary | CFD
| Reducing a long position | 4199 | 3.76048139 GBP |
25p ordinary | CFD
| Reducing a long position | 7160 | 3.76597050624441 GBP |
25p ordinary | CFD
| Reducing a long position | 35498 | 3.767613 GBP |
25p ordinary | CFD
| Reducing a long position | 2266 | 3.7661074568932 GBP |
25p ordinary | CFD
| Reducing a long position | 163 | 3.76219964184049 GBP |
25p ordinary | CFD
| Reducing a long position | 55939 | 3.76786643800139 GBP |
25p ordinary | CFD
| Reducing a long position | 636 | 3.75802201257862 GBP |
25p ordinary | CFD
| Reducing a long position | 20974 | 3.75827944085201 GBP |
25p ordinary | CFD
| Reducing a long position | 11517 | 3.76569961795702 GBP |
25p ordinary | CFD
| Reducing a long position | 44248 | 3.75403271175172 GBP |
25p ordinary | CFD
| Reducing a long position | 213 | 3.761174 GBP |
25p ordinary | CFD
| Reducing a long position | 35525 | 3.770189 GBP |
25p ordinary | CFD
| Reducing a long position | 36 | 3.76228213888889 GBP |
25p ordinary | CFD
| Reducing a long position | 1359 | 3.76441 GBP |
25p ordinary | CFD
| Reducing a long position | 1 | 3.78 GBP |
25p ordinary | CFD
| Reducing a long position | 2349 | 3.76930731 GBP |
25p ordinary | CFD
| Reducing a long position | 195 | 3.765 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 |
25p ordinary | Call | Purchasing | 90784 | 4.214 GBP | European | 11 May 2026 | 0.0189 GBP |
25p ordinary | Call | Purchasing | 90784 | 4.214 GBP | European | 11 May 2026 | 0.0189 GBP |
25p ordinary | Call | Selling | 90784 | 4.214 GBP | European | 11 May 2026 | 0.0189 GBP |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
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(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) |
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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
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(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: | 14 April 2026 |
| Contact name: | Richard Howard |
| Telephone number: | +44 (0)207 568 9128 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [email protected]
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.