Sign In
Last checked at 
7 Apr 2026 11:56
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: | 02 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 |
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
| 772285 | 3.68000 GBP | 3.55587 GBP |
25p ordinary | Sell
| 550278 | 3.68700 GBP | 3.55587 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 | 33367 | 3.64053827 GBP |
25p ordinary | CFD
| Increasing a long position | 496 | 3.66617453 GBP |
25p ordinary | CFD
| Increasing a long position | 14519 | 3.63476162140574 GBP |
25p ordinary | CFD
| Increasing a long position | 24218 | 3.62604959355727 GBP |
25p ordinary | CFD
| Increasing a long position | 19595 | 3.62982378091154 GBP |
25p ordinary | CFD
| Increasing a long position | 3280 | 3.65084695329268 GBP |
25p ordinary | CFD
| Increasing a long position | 55276 | 3.62832385 GBP |
25p ordinary | CFD
| Increasing a long position | 6556 | 3.652 GBP |
25p ordinary | CFD
| Increasing a long position | 53 | 3.61 GBP |
25p ordinary | CFD
| Increasing a long position | 548 | 3.64371898029197 GBP |
25p ordinary | CFD
| Increasing a long position | 1685 | 3.67562085964392 GBP |
25p ordinary | CFD
| Increasing a long position | 149 | 3.622 GBP |
25p ordinary | CFD
| Increasing a long position | 3917 | 3.6132838907 GBP |
25p ordinary | CFD
| Increasing a long position | 3915 | 3.62624016321073 GBP |
25p ordinary | CFD
| Increasing a long position | 11449 | 3.64002917504586 GBP |
25p ordinary | CFD
| Increasing a long position | 8816 | 3.6407 GBP |
25p ordinary | CFD
| Increasing a long position | 6954 | 3.62513883510641 GBP |
25p ordinary | CFD
| Reducing a long position | 2235 | 3.62809714680089 GBP |
25p ordinary | CFD
| Reducing a long position | 672 | 3.65227390029762 GBP |
25p ordinary | CFD
| Reducing a long position | 14120 | 3.60980382436261 GBP |
25p ordinary | CFD
| Reducing a long position | 6691 | 3.64491275 GBP |
25p ordinary | CFD
| Reducing a long position | 26135 | 3.652183 GBP |
25p ordinary | CFD
| Reducing a long position | 98281 | 3.64814961169453 GBP |
25p ordinary | CFD
| Reducing a long position | 20083 | 3.62206214425683 GBP |
25p ordinary | CFD
| Reducing a long position | 1510 | 3.61226093031126 GBP |
25p ordinary | CFD
| Reducing a long position | 341 | 3.57163636064516 GBP |
25p ordinary | CFD
| Reducing a long position | 149 | 3.622 GBP |
25p ordinary | CFD
| Reducing a long position | 67 | 3.626 GBP |
25p ordinary | CFD
| Reducing a long position | 6896 | 3.652 GBP |
25p ordinary | CFD
| Reducing a long position | 53 | 3.60398443 GBP |
25p ordinary | CFD
| Reducing a long position | 9065 | 3.62095914157198 GBP |
25p ordinary | CFD
| Reducing a long position | 1253 | 3.65227390023943 GBP |
25p ordinary | CFD
| Reducing a long position | 48812 | 3.60980414652135 GBP |
25p ordinary | CFD
| Reducing a long position | 72403 | 3.60980401364584 GBP |
25p ordinary | CFD
| Reducing a long position | 26209 | 3.63697785144988 GBP |
25p ordinary | CFD
| Reducing a long position | 31380 | 3.60980401529637 GBP |
25p ordinary | CFD
| Reducing a long position | 1626 | 3.641 GBP |
25p ordinary | CFD
| Reducing a long position | 236 | 3.667 GBP |
25p ordinary | CFD
| Reducing a long position | 37457 | 3.64592025449262 GBP |
25p ordinary | CFD
| Reducing a long position | 8584 | 3.663651 GBP |
25p ordinary | CFD
| Reducing a long position | 510 | 3.60980392156863 GBP |
25p ordinary | CFD
| Reducing a long position | 3546 | 3.65101 GBP |
25p ordinary | CFD
| Reducing a long position | 163 | 3.6267 GBP |
25p ordinary | CFD
| Reducing a long position | 50463 | 3.622902 GBP |
25p ordinary | CFD
| Reducing a long position | 14653 | 3.60980345321777 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 |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
|
|
|
|
|
(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) |
|
|
|
|
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: | 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 monitoring@disclosure.org.uk
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.
Follow the stocks
