Form 8.5 (EPT/RI) - British Land Company plc, The
14th Apr 2026 10:29
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: | 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 - 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 | 1,073,513 | 3.7780 GBP | 3.7420 GBP |
25p ordinary | PURCHASES | 860,162 | 3.7820 GBP | 3.7395 GBP |
25p ordinary | SALES | 45 | 5.0589 USD | 5.0589 USD |
25p ordinary | PURCHASES | 2,584 | 5.0748 USD | 5.0621 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 | 22,360 | 3.7602 GBP |
25p ordinary | CFD | increasing a long position | 55 | 3.7610 GBP |
25p ordinary | CFD | increasing a long position | 83 | 3.7610 GBP |
25p ordinary | CFD | increasing a long position | 4,275 | 3.7634 GBP |
25p ordinary | CFD | increasing a long position | 17,608 | 3.7637 GBP |
25p ordinary | CFD | increasing a long position | 8,020 | 3.7646 GBP |
25p ordinary | CFD | increasing a long position | 1,827 | 3.7650 GBP |
25p ordinary | CFD | increasing a long position | 6,586 | 3.7665 GBP |
25p ordinary | CFD | increasing a long position | 12,897 | 3.7669 GBP |
25p ordinary | CFD | increasing a long position | 388,358 | 3.7696 GBP |
25p ordinary | CFD | increasing a long position | 42,792 | 3.7696 GBP |
25p ordinary | CFD | increasing a long position | 6,646 | 3.7698 GBP |
25p ordinary | CFD | increasing a long position | 3,744 | 3.7700 GBP |
25p ordinary | CFD | increasing a long position | 2,368 | 3.7700 GBP |
25p ordinary | CFD | increasing a short position | 318 | 3.7455 GBP |
25p ordinary | CFD | increasing a short position | 148 | 3.7459 GBP |
25p ordinary | CFD | increasing a short position | 2,748 | 3.7473 GBP |
25p ordinary | CFD | increasing a short position | 3,200 | 3.7511 GBP |
25p ordinary | CFD | increasing a short position | 600 | 3.7511 GBP |
25p ordinary | CFD | increasing a short position | 38 | 3.7513 GBP |
25p ordinary | CFD | increasing a short position | 34 | 3.7520 GBP |
25p ordinary | CFD | increasing a short position | 3,428 | 3.7568 GBP |
25p ordinary | CFD | increasing a short position | 4,103 | 3.7569 GBP |
25p ordinary | CFD | increasing a short position | 20,476 | 3.7579 GBP |
25p ordinary | CFD | increasing a short position | 43 | 3.7619 GBP |
25p ordinary | CFD | increasing a short position | 24 | 3.7619 GBP |
25p ordinary | CFD | increasing a short position | 863 | 3.7630 GBP |
25p ordinary | CFD | increasing a short position | 632 | 3.7634 GBP |
25p ordinary | CFD | increasing a short position | 1,010 | 3.7650 GBP |
25p ordinary | CFD | increasing a short position | 16,667 | 3.7659 GBP |
25p ordinary | CFD | increasing a short position | 61,479 | 3.7671 GBP |
25p ordinary | CFD | increasing a short position | 8,514 | 3.7692 GBP |
25p ordinary | CFD | increasing a short position | 3,044 | 3.7696 GBP |
25p ordinary | CFD | increasing a short position | 6,669 | 3.7696 GBP |
25p ordinary | CFD | increasing a short position | 467 | 3.7700 GBP |
25p ordinary | CFD | increasing a short position | 23,181 | 3.7700 GBP |
25p ordinary | CFD | increasing a short position | 2,350 | 3.7700 GBP |
25p ordinary | CFD | increasing a short position | 6,033 | 3.7700 GBP |
25p ordinary | CFD | increasing a short position | 156 | 3.7700 GBP |
25p ordinary | CFD | increasing a short position | 60,998 | 3.7700 GBP |
25p ordinary | CFD | increasing a short position | 1,277 | 3.7702 GBP |
25p ordinary | CFD | increasing a short position | 606 | 3.7750 GBP |
25p ordinary | CFD | increasing a short position | 195 | 3.7768 GBP |
25p ordinary | CFD | increasing a short position | 48 | 5.0621 USD |
25p ordinary | CFD | increasing a short position | 1,339 | 5.0621 USD |
25p ordinary | CFD | increasing a short position | 148 | 5.0621 USD |
25p ordinary | CFD | increasing a short position | 100 | 5.0748 USD |
25p ordinary | CFD | increasing a short position | 916 | 5.0748 USD |
25p ordinary | CFD | increasing a short position | 33 | 5.0748 USD |
25p ordinary | CFD | reducing a long position | 1,667 | 3.7460 GBP |
25p ordinary | CFD | reducing a long position | 469 | 3.7561 GBP |
25p ordinary | CFD | reducing a long position | 19,071 | 3.7565 GBP |
25p ordinary | CFD | reducing a long position | 5,541 | 3.7579 GBP |
25p ordinary | CFD | reducing a long position | 7,049 | 3.7606 GBP |
25p ordinary | CFD | reducing a long position | 3,372 | 3.7612 GBP |
25p ordinary | CFD | reducing a long position | 52 | 3.7617 GBP |
25p ordinary | CFD | reducing a long position | 13 | 3.7619 GBP |
25p ordinary | CFD | reducing a long position | 24 | 3.7619 GBP |
25p ordinary | CFD | reducing a long position | 7,541 | 3.7647 GBP |
25p ordinary | CFD | reducing a long position | 39,098 | 3.7671 GBP |
25p ordinary | CFD | reducing a long position | 55 | 3.7676 GBP |
25p ordinary | CFD | reducing a long position | 83 | 3.7677 GBP |
25p ordinary | CFD | reducing a long position | 32,337 | 3.7697 GBP |
25p ordinary | CFD | reducing a long position | 3,616 | 3.7698 GBP |
25p ordinary | CFD | reducing a long position | 604 | 3.7700 GBP |
25p ordinary | CFD | reducing a long position | 6,646 | 3.7700 GBP |
25p ordinary | CFD | reducing a long position | 144 | 3.7700 GBP |
25p ordinary | CFD | reducing a long position | 7,886 | 3.7700 GBP |
25p ordinary | CFD | reducing a long position | 201,589 | 3.7700 GBP |
25p ordinary | CFD | reducing a long position | 10,141 | 3.7728 GBP |
25p ordinary | CFD | reducing a long position | 309 | 3.7819 GBP |
25p ordinary | CFD | reducing a long position | 237 | 3.7820 GBP |
25p ordinary | CFD | reducing a short position | 2,505 | 3.7566 GBP |
25p ordinary | CFD | reducing a short position | 45 | 3.7599 GBP |
25p ordinary | CFD | reducing a short position | 685 | 3.7610 GBP |
25p ordinary | CFD | reducing a short position | 1,358 | 3.7620 GBP |
25p ordinary | CFD | reducing a short position | 12,888 | 3.7622 GBP |
25p ordinary | CFD | reducing a short position | 14,609 | 3.7655 GBP |
25p ordinary | CFD | reducing a short position | 6,033 | 3.7681 GBP |
25p ordinary | CFD | reducing a short position | 35,988 | 3.7684 GBP |
25p ordinary | CFD | reducing a short position | 1,463 | 3.7688 GBP |
25p ordinary | CFD | reducing a short position | 667 | 3.7688 GBP |
25p ordinary | CFD | reducing a short position | 1,790 | 3.7688 GBP |
25p ordinary | CFD | reducing a short position | 13,751 | 3.7689 GBP |
25p ordinary | CFD | reducing a short position | 2,142 | 3.7698 GBP |
25p ordinary | CFD | reducing a short position | 8,544 | 3.7699 GBP |
25p ordinary | CFD | reducing a short position | 75,425 | 3.7700 GBP |
25p ordinary | CFD | reducing a short position | 90,394 | 3.7700 GBP |
25p ordinary | CFD | reducing a short position | 2,129 | 3.7705 GBP |
25p ordinary | CFD | reducing a short position | 572 | 3.7722 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: | 14 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.