REG - British Land Co PLC Life Science REIT - Form 8 (Opening Position Disclosure)

Life Science ReitAnnouncement

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RNS Number : 7481R  British Land Co PLC  04 February 2026

FORM 8 (OPD)

 

PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER

Rules 8.1 and 8.2 of the Takeover Code (the "Code")

 

1.         KEY INFORMATION

 

 (a) Full name of discloser:                                                     THE BRITISH LAND COMPANY PLC
 (b) Owner or controller of interests and short positions disclosed, if          N/A
 different from 1(a):

      The naming of nominee or vehicle companies is insufficient.  For a
 trust, the trustee(s), settlor and beneficiaries must be named.
 (c) Name of offeror/offeree in relation to whose relevant securities this form  THE BRITISH LAND COMPANY PLC (OFFEROR)
 relates:

      Use a separate form for each offeror/offeree
 (d) Is the discloser the offeror or the offeree?                                OFFEROR
 (e) Date position held:                                                         3 FEBRUARY 2026

      The latest practicable date prior to the disclosure
 (f)  In addition to the company in 1(c) above, is the discloser making          YES
 disclosures in respect of any other party to the offer?

                                                                               If YES, specify which:
      If it is a cash offer or possible cash offer, state "N/A"

                                                                                 LIFE SCIENCE REIT PLC

                                                                                 (OFFEREE)

 

2.         POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE

 

If there are positions or rights to subscribe to disclose in more than one
class of relevant securities of the offeror or offeree named in 1(c), copy
table 2(a) or (b) (as appropriate) for each additional class of relevant
security.

 

(a)        Interests and short positions in the relevant securities of
the offeror or offeree to which the disclosure relates

 

 Class of relevant security:                                          Ordinary shares of 25p

                                                                      Interests       Short positions

                                                                      Number  %       Number    %
 (1) Relevant securities owned and/or controlled:                     Nil             Nil
 (2) Cash-settled derivatives:                                        Nil             Nil

 (3) Stock-settled derivatives (including options) and agreements to  Nil             Nil
 purchase/sell:
                                                                      Nil             Nil

      TOTAL:

 

All interests and all short positions should be disclosed.

 

Details of any open stock-settled derivative positions (including traded
options), or agreements to purchase or sell relevant securities, should be
given on a Supplemental Form 8 (Open Positions).

 

Details of any securities borrowing and lending positions or financial
collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

 

(b)        Rights to subscribe for new securities

 

 Class of relevant security in relation to which subscription right exists:   N/A
 Details, including nature of the rights concerned and relevant percentages:  N/A

 

 

3.         POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO
THE OFFER MAKING THE DISCLOSURE

 

 Details of any interests, short positions and rights to subscribe (including
 directors' and other employee options) of any person acting in concert with
 the party to the offer making the disclosure:

 a)    Interests in The British Land Company PLC ('British Land') shares
 held by British Land Directors (together with their close relatives and the
 related trusts of any of them):

Name               Total Number of British Land shares              Percentage of existing issued share capital of British Land*
 William Rucker                         79,000                       0.01%
 Simon Carter**              734,234                                 0.07%
 David Walker**              119,913                                 0.01%
 Mark Aedy          77,533                                           0.01%

 Lynn Gladden                  18,339                                0.00%
 Alastair Hughes                                                     0.00%

                               21,893

 Amanda James                            11,848                      0.00%
 Amanda Mackenzie                        -                           0.00%
 Mary Ricks                              11,848                      0.00%
 Loraine Woodhouse             27,130                                0.00%

 

 *Percentages are calculated using the Total Voting Rights of the Company at
 the latest practicable date of 3 February 2026, being 999,863,228 shares.

 **Shareholdings include beneficial interests in shares held within British
 Land's all employee Share Incentive Plan.

Partnership Shares
 Name          Scheme                    Date of Grant  Number of Partnership Shares  Vesting Date
 Simon Carter  Long Term Incentive Plan  23/06/2025     515,160                       23/06/2028
 Simon Carter  Long Term Incentive Plan  20/06/2024            450,101                21/06/2027
 Simon Carter  Long Term Incentive Plan  15/06/2023            571,375                15/06/2026
 David Walker  Long Term Incentive Plan  23/06/2025     317,250                       23/06/2028
 David Walker  Long Term Incentive Plan  20/06/2024     122,357                       21/06/2027
 David Walker  Long Term Incentive Plan  15/06/2023     142,381                       15/06/2026

Grants of Partnership Shares under the Long-Term Incentive Plan are
 conditional awards of shares, subject to performance conditions. Actual
 vesting amounts are determined by the achievement of Performance Conditions
 assessed over a three-year performance period.

Share Options
 Name          Scheme            Date of Grant  Number of Options     Option Price  Vesting Date
 Simon Carter  Save As You Earn  22/06/2022             4,275          421p         01/09/2025
 Simon Carter  Save As You Earn  25/06/2025     5,843                 314p          01/09/2028
 David Walker  Save As You Earn  22/06/2022     2,137                 421p          01/09/2025
 David Walker  Save As You Earn  03/07/2024     2,634                 352p          01/09/2027

 

*Percentages are calculated using the Total Voting Rights of the Company at
the latest practicable date of 3 February 2026, being 999,863,228 shares.

 

**Shareholdings include beneficial interests in shares held within British
Land's all employee Share Incentive Plan.

 

 Partnership Shares
 Name          Scheme                    Date of Grant  Number of Partnership Shares  Vesting Date
 Simon Carter  Long Term Incentive Plan  23/06/2025     515,160                       23/06/2028
 Simon Carter  Long Term Incentive Plan  20/06/2024            450,101                21/06/2027
 Simon Carter  Long Term Incentive Plan  15/06/2023            571,375                15/06/2026
 David Walker  Long Term Incentive Plan  23/06/2025     317,250                       23/06/2028
 David Walker  Long Term Incentive Plan  20/06/2024     122,357                       21/06/2027
 David Walker  Long Term Incentive Plan  15/06/2023     142,381                       15/06/2026

Grants of Partnership Shares under the Long-Term Incentive Plan are
conditional awards of shares, subject to performance conditions. Actual
vesting amounts are determined by the achievement of Performance Conditions
assessed over a three-year performance period.

 

 Share Options
 Name          Scheme            Date of Grant  Number of Options     Option Price  Vesting Date
 Simon Carter  Save As You Earn  22/06/2022             4,275          421p         01/09/2025
 Simon Carter  Save As You Earn  25/06/2025     5,843                 314p          01/09/2028
 David Walker  Save As You Earn  22/06/2022     2,137                 421p          01/09/2025
 David Walker  Save As You Earn  03/07/2024     2,634                 352p          01/09/2027

 

Details of any open stock-settled derivative positions (including traded
options), or agreements to purchase or sell relevant securities, should be
given on a Supplemental Form 8 (Open Positions).

 

Details of any securities borrowing and lending positions or financial
collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

 

4.         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 party to
 the offer making the disclosure or any person acting in concert with it:

 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 party to the offer making the disclosure, or any person acting in
 concert with it, 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

 

(c)        Attachments

 

Are any Supplemental Forms attached?

 

 Supplemental Form 8 (Open Positions)  NO
 Supplemental Form 8 (SBL)             NO

 

 

 Date of disclosure:  4 February 2026
 Contact name:        Gavin Bergin
 Telephone number:    020 7467 2852

 

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 disclosure requirements on +44 (0)20 7638 0129.

 

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk
(http://www.thetakeoverpanel.org.uk) .

 

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