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17 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: | 16 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
| 781178 | 4.02023 GBP | 3.92720 GBP |
25p ordinary | Sell
| 766160 | 4.02023 GBP | 3.92720 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 | 4899 | 3.942 GBP |
25p ordinary | CFD
| Increasing a long position | 169 | 3.94195072 GBP |
25p ordinary | CFD
| Increasing a long position | 755 | 3.94728476872848 GBP |
25p ordinary | CFD
| Increasing a long position | 36 | 3.94233333 GBP |
25p ordinary | CFD
| Increasing a long position | 4803 | 3.94860686479908 GBP |
25p ordinary | CFD
| Increasing a long position | 4 | 3.980143825 GBP |
25p ordinary | CFD
| Increasing a long position | 5 | 4.008 GBP |
25p ordinary | CFD
| Increasing a long position | 42340 | 3.9793802 GBP |
25p ordinary | CFD
| Increasing a long position | 4 | 3.935 GBP |
25p ordinary | CFD
| Increasing a long position | 3569 | 4.00615130373774 GBP |
25p ordinary | CFD
| Increasing a long position | 39749 | 4.00475581613075 GBP |
25p ordinary | CFD
| Increasing a long position | 16828 | 4.00551133467079 GBP |
25p ordinary | CFD
| Increasing a long position | 778 | 3.95620792 GBP |
25p ordinary | CFD
| Increasing a long position | 13479 | 3.941803 GBP |
25p ordinary | CFD
| Increasing a long position | 68666 | 3.9554896646865 GBP |
25p ordinary | CFD
| Increasing a long position | 23640 | 3.96688044 GBP |
25p ordinary | CFD
| Increasing a long position | 522 | 3.94266284 GBP |
25p ordinary | CFD
| Increasing a long position | 2130 | 3.968 GBP |
25p ordinary | CFD
| Increasing a long position | 13114 | 3.95303843 GBP |
25p ordinary | CFD
| Increasing a long position | 4907 | 3.97594263443244 GBP |
25p ordinary | CFD
| Increasing a long position | 19504 | 3.96164835308757 GBP |
25p ordinary | CFD
| Increasing a long position | 43946 | 3.94655792470191 GBP |
25p ordinary | CFD
| Increasing a long position | 9141 | 3.96517191596543 GBP |
25p ordinary | CFD
| Increasing a long position | 694 | 3.99313237377522 GBP |
25p ordinary | CFD
| Increasing a long position | 287 | 4.0025 GBP |
25p ordinary | CFD
| Reducing a long position | 8 | 3.991375 GBP |
25p ordinary | CFD
| Reducing a long position | 36201 | 3.94179497803928 GBP |
25p ordinary | CFD
| Reducing a long position | 1155 | 3.95304109 GBP |
25p ordinary | CFD
| Reducing a long position | 3077 | 3.942 GBP |
25p ordinary | CFD
| Reducing a long position | 510 | 3.95596078431373 GBP |
25p ordinary | CFD
| Reducing a long position | 22610 | 3.96929009308821 GBP |
25p ordinary | CFD
| Reducing a long position | 87 | 4.0025 GBP |
25p ordinary | CFD
| Reducing a long position | 7227 | 3.942197 GBP |
25p ordinary | CFD
| Reducing a long position | 25689 | 3.95242302 GBP |
25p ordinary | CFD
| Reducing a long position | 7818 | 3.93470862 GBP |
25p ordinary | CFD
| Reducing a long position | 205 | 4.00263414634146 GBP |
25p ordinary | CFD
| Reducing a long position | 130 | 3.931 GBP |
25p ordinary | CFD
| Reducing a long position | 7000 | 3.96384022 GBP |
25p ordinary | CFD
| Reducing a long position | 125920 | 3.94827436067598 GBP |
25p ordinary | CFD
| Reducing a long position | 7060 | 3.95597733711048 GBP |
25p ordinary | CFD
| Reducing a long position | 7060 | 3.94179461756374 GBP |
25p ordinary | CFD
| Reducing a long position | 569 | 3.9324949771529 GBP |
25p ordinary | CFD
| Reducing a long position | 15690 | 3.95597705544933 GBP |
25p ordinary | CFD
| Reducing a long position | 15690 | 3.94179541108987 GBP |
25p ordinary | CFD
| Reducing a long position | 7327 | 3.94179609662891 GBP |
25p ordinary | CFD
| Reducing a long position | 13379 | 3.97433964 GBP |
25p ordinary | CFD
| Reducing a long position | 7326 | 3.95597734097734 GBP |
25p ordinary | CFD
| Reducing a long position | 24406 | 3.9559768089814 GBP |
25p ordinary | CFD
| Reducing a long position | 24406 | 3.94179505039744 GBP |
25p ordinary | CFD
| Reducing a long position | 36202 | 3.95597701784432 GBP |
25p ordinary | CFD
| Reducing a long position | 940 | 3.932 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 |
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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: | 17 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.
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