t
Barclays PLC submitted a Form 8.3 disclosure on 25 February 2026, detailing its positions and dealings in the relevant securities of The British Land Company PLC and Life Science REIT PLC, with the disclosed positions and dealings effective as of 24 February 2026. As of that date, Barclays PLC held a total interest of 15,673,927 (1.57%) and total short positions of 11,074,315 (1.11%) in British Land Company PLC's 25p ordinary shares, and executed various purchases, sales, and cash-settled derivative transactions.
| Date | 25 Feb 2026 |
| Time | 12:14:13 |
| Category | Holding(s) in company |
| ID | 4005U |
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FORM 8.3 |
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PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY |
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A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR |
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MORE |
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Rule 8.3 of the Takeover Code (the "Code") |
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1. |
KEY INFORMATION |
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(a) |
Full name of discloser: |
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Barclays PLC. |
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(b) |
Owner or controller of interest and short |
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positions disclosed, if different from 1(a): |
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(c) |
Name of offeror/offeree in relation to whose |
BRITISH LAND COMPANY PLC, THE |
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relevant securities this form relates: |
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(d) |
If an exempt fund manager connected with an |
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offeror/offeree, state this and specify identity of |
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offeror/offeree: |
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(e) |
Date position held/dealing undertaken: |
24 Feb 2026 |
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(f) |
In addition to the company in 1(c) above, is the discloser making |
YES: |
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disclosures in respect of any other party to the offer? |
LIFE SCIENCE REIT PLC |
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2. |
POSITIONS OF THE PERSON MAKING THE DISCLOSURE |
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(a) |
Interests and short positions in the relevant securities of the offeror or offeree |
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to which the disclosure relates following the dealing(if any) |
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Class of relevant security: |
25p ordinary |
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Interests |
Short Positions |
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Number |
(%) |
Number |
(%) |
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(1) |
Relevant securities owned |
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and/or controlled: |
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8,946,857 |
0.89% |
6,831,008 |
0.68% |
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(2) |
Cash-settled derivatives: |
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6,727,070 |
0.67% |
4,243,307 |
0.42% |
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(3) |
Stock-settled derivatives (including options) |
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and agreements to purchase/sell: |
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0 |
0.00% |
0 |
0.00% |
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TOTAL: |
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15,673,927 |
1.57% |
11,074,315 |
1.11% |
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(b) |
Rights to subscribe for new securities (including directors and other executive |
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options) |
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Class of relevant security in relation to |
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which subscription right exists |
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Details, including nature of the rights |
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concerned and relevant percentages: |
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3. |
DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE |
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(a) |
Purchases and sales |
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Class of relevant |
Purchase/sale |
Number of |
Price per unit |
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security |
|
securities |
|
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|
25p ordinary |
Purchase |
177,180 |
4.0842 GBP |
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|
25p ordinary |
Purchase |
125,179 |
4.0840 GBP |
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|
25p ordinary |
Purchase |
93,709 |
4.1041 GBP |
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|
25p ordinary |
Purchase |
67,432 |
4.1476 GBP |
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|
25p ordinary |
Purchase |
65,651 |
4.1259 GBP |
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|
25p ordinary |
Purchase |
49,612 |
4.1487 GBP |
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|
25p ordinary |
Purchase |
44,865 |
4.1467 GBP |
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|
25p ordinary |
Purchase |
37,466 |
4.1494 GBP |
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|
25p ordinary |
Purchase |
31,097 |
4.1324 GBP |
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|
25p ordinary |
Purchase |
28,996 |
4.1424 GBP |
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|
25p ordinary |
Purchase |
18,397 |
4.1486 GBP |
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|
25p ordinary |
Purchase |
18,249 |
4.0977 GBP |
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|
25p ordinary |
Purchase |
17,406 |
4.1595 GBP |
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|
25p ordinary |
Purchase |
15,295 |
4.0923 GBP |
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|
25p ordinary |
Purchase |
11,973 |
4.1249 GBP |
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|
25p ordinary |
Purchase |
11,743 |
4.1534 GBP |
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|
25p ordinary |
Purchase |
10,687 |
4.1618 GBP |
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|
25p ordinary |
Purchase |
8,514 |
4.0957 GBP |
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|
25p ordinary |
Purchase |
7,223 |
4.1561 GBP |
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|
25p ordinary |
Purchase |
6,558 |
4.1458 GBP |
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25p ordinary |
Purchase |
6,182 |
4.1185 GBP |
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25p ordinary |
Purchase |
5,508 |
4.1483 GBP |
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25p ordinary |
Purchase |
5,454 |
4.0882 GBP |
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|
25p ordinary |
Purchase |
5,383 |
4.1480 GBP |
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|
25p ordinary |
Purchase |
4,474 |
4.0974 GBP |
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|
25p ordinary |
Purchase |
3,758 |
4.1639 GBP |
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|
25p ordinary |
Purchase |
3,718 |
4.1397 GBP |
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|
25p ordinary |
Purchase |
2,915 |
4.1779 GBP |
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|
25p ordinary |
Purchase |
2,315 |
4.1325 GBP |
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25p ordinary |
Purchase |
1,986 |
4.1348 GBP |
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|
25p ordinary |
Purchase |
1,913 |
4.1546 GBP |
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|
25p ordinary |
Purchase |
1,867 |
4.0935 GBP |
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|
25p ordinary |
Purchase |
1,512 |
4.1400 GBP |
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25p ordinary |
Purchase |
1,456 |
4.1880 GBP |
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|
25p ordinary |
Purchase |
1,408 |
4.1435 GBP |
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|
25p ordinary |
Purchase |
1,331 |
4.1380 GBP |
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|
25p ordinary |
Purchase |
1,026 |
4.1740 GBP |
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|
25p ordinary |
Purchase |
961 |
4.1300 GBP |
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25p ordinary |
Purchase |
814 |
4.1713 GBP |
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|
25p ordinary |
Purchase |
700 |
4.0814 GBP |
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|
25p ordinary |
Purchase |
691 |
4.0760 GBP |
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|
25p ordinary |
Purchase |
677 |
4.1220 GBP |
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|
25p ordinary |
Purchase |
666 |
4.1620 GBP |
||||
|
25p ordinary |
Purchase |
604 |
4.1694 GBP |
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|
25p ordinary |
Purchase |
395 |
4.1650 GBP |
||||
|
25p ordinary |
Purchase |
394 |
4.1750 GBP |
||||
|
25p ordinary |
Purchase |
369 |
4.1720 GBP |
||||
|
25p ordinary |
Purchase |
276 |
4.0880 GBP |
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|
25p ordinary |
Purchase |
272 |
4.0920 GBP |
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|
25p ordinary |
Purchase |
254 |
4.1960 GBP |
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|
25p ordinary |
Purchase |
184 |
4.1240 GBP |
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|
25p ordinary |
Purchase |
144 |
4.0800 GBP |
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|
25p ordinary |
Purchase |
123 |
4.1260 GBP |
||||
|
25p ordinary |
Purchase |
118 |
4.1340 GBP |
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|
25p ordinary |
Purchase |
89 |
4.0900 GBP |
||||
|
25p ordinary |
Purchase |
69 |
4.0780 GBP |
||||
|
25p ordinary |
Purchase |
68 |
4.1100 GBP |
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|
25p ordinary |
Purchase |
57 |
4.1900 GBP |
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|
25p ordinary |
Purchase |
55 |
4.0940 GBP |
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|
25p ordinary |
Purchase |
55 |
4.1020 GBP |
||||
|
25p ordinary |
Purchase |
53 |
4.1700 GBP |
||||
|
25p ordinary |
Purchase |
43 |
4.1680 GBP |
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|
25p ordinary |
Purchase |
35 |
4.1640 GBP |
||||
|
25p ordinary |
Purchase |
20 |
4.1278 GBP |
||||
|
25p ordinary |
Purchase |
2 |
4.1860 GBP |
||||
|
25p ordinary |
Purchase |
2 |
4.1780 GBP |
||||
|
25p ordinary |
Purchase |
2 |
4.1910 GBP |
||||
|
25p ordinary |
Purchase |
1 |
4.1820 GBP |
||||
|
25p ordinary |
Purchase |
1 |
4.1800 GBP |
||||
|
25p ordinary |
Sale |
172,886 |
4.0840 GBP |
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|
25p ordinary |
Sale |
87,557 |
4.1676 GBP |
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|
25p ordinary |
Sale |
62,733 |
4.0838 GBP |
||||
|
25p ordinary |
Sale |
58,166 |
4.0831 GBP |
||||
|
25p ordinary |
Sale |
55,050 |
4.1105 GBP |
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|
25p ordinary |
Sale |
47,293 |
4.1082 GBP |
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|
25p ordinary |
Sale |
31,030 |
4.1327 GBP |
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|
25p ordinary |
Sale |
20,562 |
4.0846 GBP |
||||
|
25p ordinary |
Sale |
20,093 |
4.1755 GBP |
||||
|
25p ordinary |
Sale |
11,867 |
4.1437 GBP |
||||
|
25p ordinary |
Sale |
11,700 |
4.1207 GBP |
||||
|
25p ordinary |
Sale |
7,518 |
4.1528 GBP |
||||
|
25p ordinary |
Sale |
7,081 |
4.1799 GBP |
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|
25p ordinary |
Sale |
5,800 |
4.1722 GBP |
||||
|
25p ordinary |
Sale |
3,542 |
4.1591 GBP |
||||
|
25p ordinary |
Sale |
2,595 |
4.1880 GBP |
||||
|
25p ordinary |
Sale |
2,549 |
4.1645 GBP |
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|
25p ordinary |
Sale |
2,440 |
4.1340 GBP |
||||
|
25p ordinary |
Sale |
1,833 |
4.1860 GBP |
||||
|
25p ordinary |
Sale |
1,566 |
4.1639 GBP |
||||
|
25p ordinary |
Sale |
1,416 |
4.0819 GBP |
||||
|
25p ordinary |
Sale |
1,100 |
4.1242 GBP |
||||
|
25p ordinary |
Sale |
961 |
4.1300 GBP |
||||
|
25p ordinary |
Sale |
960 |
4.1757 GBP |
||||
|
25p ordinary |
Sale |
876 |
4.1236 GBP |
||||
|
25p ordinary |
Sale |
876 |
4.1655 GBP |
||||
|
25p ordinary |
Sale |
801 |
4.1807 GBP |
||||
|
25p ordinary |
Sale |
747 |
4.1248 GBP |
||||
|
25p ordinary |
Sale |
666 |
4.1620 GBP |
||||
|
25p ordinary |
Sale |
661 |
4.1380 GBP |
||||
|
25p ordinary |
Sale |
588 |
4.1720 GBP |
||||
|
25p ordinary |
Sale |
533 |
4.1059 GBP |
||||
|
25p ordinary |
Sale |
377 |
4.1721 GBP |
||||
|
25p ordinary |
Sale |
376 |
4.1260 GBP |
||||
|
25p ordinary |
Sale |
276 |
4.0880 GBP |
||||
|
25p ordinary |
Sale |
254 |
4.1960 GBP |
||||
|
25p ordinary |
Sale |
202 |
4.1249 GBP |
||||
|
25p ordinary |
Sale |
184 |
4.1240 GBP |
||||
|
25p ordinary |
Sale |
144 |
4.0800 GBP |
||||
|
25p ordinary |
Sale |
89 |
4.0900 GBP |
||||
|
25p ordinary |
Sale |
76 |
4.1615 GBP |
||||
|
25p ordinary |
Sale |
70 |
4.1740 GBP |
||||
|
25p ordinary |
Sale |
69 |
4.0780 GBP |
||||
|
25p ordinary |
Sale |
68 |
4.1100 GBP |
||||
|
25p ordinary |
Sale |
57 |
4.1900 GBP |
||||
|
25p ordinary |
Sale |
55 |
4.1020 GBP |
||||
|
25p ordinary |
Sale |
55 |
4.0940 GBP |
||||
|
25p ordinary |
Sale |
43 |
4.1680 GBP |
||||
|
25p ordinary |
Sale |
35 |
4.1640 GBP |
||||
|
25p ordinary |
Sale |
28 |
4.1700 GBP |
||||
|
25p ordinary |
Sale |
6 |
4.1220 GBP |
||||
|
25p ordinary |
Sale |
3 |
4.1801 GBP |
||||
|
25p ordinary |
Sale |
2 |
4.1910 GBP |
||||
|
25p ordinary |
Sale |
2 |
4.1921 GBP |
||||
|
25p ordinary |
Sale |
1 |
4.1820 GBP |
||||
|
25p ordinary |
Sale |
1 |
4.1800 GBP |
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|
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(b) |
Cash-settled derivative transactions |
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Class of |
Product |
Nature of dealing |
Number of |
Price per |
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relevant |
description |
|
reference |
unit |
|||
|
security |
|
|
securities |
|
|||
|
25p ordinary |
SWAP |
Decreasing Long |
8,346 |
4.1232 GBP |
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|
25p ordinary |
SWAP |
Increasing Long |
1,416 |
4.0819 GBP |
|||
|
25p ordinary |
SWAP |
Increasing Long |
58,166 |
4.0831 GBP |
|||
|
25p ordinary |
SWAP |
Increasing Long |
62,733 |
4.0838 GBP |
|||
|
25p ordinary |
SWAP |
Increasing Long |
31,007 |
4.0840 GBP |
|||
|
25p ordinary |
SWAP |
Increasing Long |
2,226 |
4.0948 GBP |
|||
|
25p ordinary |
SWAP |
Increasing Long |
3,197 |
4.0997 GBP |
|||
|
25p ordinary |
SWAP |
Increasing Long |
533 |
4.1059 GBP |
|||
|
25p ordinary |
SWAP |
Increasing Long |
11,700 |
4.1207 GBP |
|||
|
25p ordinary |
SWAP |
Increasing Long |
2,652 |
4.1209 GBP |
|||
|
25p ordinary |
SWAP |
Increasing Long |
1,100 |
4.1242 GBP |
|||
|
25p ordinary |
SWAP |
Increasing Long |
202 |
4.1249 GBP |
|||
|
25p ordinary |
SWAP |
Increasing Long |
730 |
4.1298 GBP |
|||
|
25p ordinary |
SWAP |
Increasing Long |
1,399 |
4.1302 GBP |
|||
|
25p ordinary |
SWAP |
Increasing Long |
31,030 |
4.1327 GBP |
|||
|
25p ordinary |
SWAP |
Increasing Long |
7,518 |
4.1528 GBP |
|||
|
25p ordinary |
SWAP |
Increasing Long |
76 |
4.1616 GBP |
|||
|
25p ordinary |
SWAP |
Increasing Long |
1,566 |
4.1639 GBP |
|||
|
25p ordinary |
SWAP |
Increasing Long |
2,549 |
4.1645 GBP |
|||
|
25p ordinary |
SWAP |
Increasing Long |
87,557 |
4.1676 GBP |
|||
|
25p ordinary |
SWAP |
Increasing Long |
7,082 |
4.1799 GBP |
|||
|
25p ordinary |
SWAP |
Increasing Long |
6 |
4.1850 GBP |
|||
|
25p ordinary |
SWAP |
Increasing Long |
140 |
4.1855 GBP |
|||
|
25p ordinary |
SWAP |
Increasing Long |
41 |
4.1856 GBP |
|||
|
25p ordinary |
SWAP |
Decreasing Long |
3,577 |
4.0840 GBP |
|||
|
25p ordinary |
SWAP |
Decreasing Long |
177,180 |
4.0842 GBP |
|||
|
25p ordinary |
SWAP |
Decreasing Long |
2,011 |
4.0876 GBP |
|||
|
25p ordinary |
SWAP |
Decreasing Long |
1,867 |
4.0935 GBP |
|||
|
25p ordinary |
SWAP |
Decreasing Long |
8,514 |
4.0957 GBP |
|||
|
25p ordinary |
SWAP |
Decreasing Long |
19,205 |
4.1014 GBP |
|||
|
25p ordinary |
SWAP |
Decreasing Long |
17,933 |
4.1025 GBP |
|||
|
25p ordinary |
SWAP |
Decreasing Long |
11,973 |
4.1249 GBP |
|||
|
25p ordinary |
SWAP |
Decreasing Long |
17,002 |
4.1302 GBP |
|||
|
25p ordinary |
SWAP |
Decreasing Long |
283 |
4.1378 GBP |
|||
|
25p ordinary |
SWAP |
Decreasing Long |
42,340 |
4.1404 GBP |
|||
|
25p ordinary |
SWAP |
Decreasing Long |
44,865 |
4.1467 GBP |
|||
|
25p ordinary |
SWAP |
Decreasing Long |
67,432 |
4.1476 GBP |
|||
|
25p ordinary |
SWAP |
Decreasing Long |
18,247 |
4.1477 GBP |
|||
|
25p ordinary |
SWAP |
Decreasing Long |
11,743 |
4.1534 GBP |
|||
|
25p ordinary |
SWAP |
Decreasing Long |
194 |
4.1542 GBP |
|||
|
25p ordinary |
SWAP |
Decreasing Long |
1,913 |
4.1546 GBP |
|||
|
25p ordinary |
SWAP |
Decreasing Long |
10,687 |
4.1618 GBP |
|||
|
25p ordinary |
SWAP |
Decreasing Long |
2 |
4.1640 GBP |
|||
|
25p ordinary |
SWAP |
Decreasing Long |
446 |
4.1690 GBP |
|||
|
25p ordinary |
SWAP |
Decreasing Long |
52,731 |
4.1726 GBP |
|||
|
25p ordinary |
SWAP |
Decreasing Long |
24,007 |
4.1756 GBP |
|||
|
25p ordinary |
CFD |
Increasing Long |
133 |
4.0839 GBP |
|||
|
25p ordinary |
CFD |
Increasing Long |
11,867 |
4.1437 GBP |
|||
|
25p ordinary |
CFD |
Increasing Long |
2,186 |
4.1680 GBP |
|||
|
25p ordinary |
CFD |
Increasing Long |
3,046 |
4.1698 GBP |
|||
|
25p ordinary |
CFD |
Decreasing Long |
10,806 |
4.0839 GBP |
|||
|
25p ordinary |
CFD |
Decreasing Long |
3,052 |
4.1117 GBP |
|||
|
25p ordinary |
CFD |
Decreasing Long |
1,191 |
4.1595 GBP |
|||
|
25p ordinary |
CFD |
Decreasing Long |
1,571 |
4.1606 GBP |
|||
|
|
|
|
|
|
|
|
|
|
(c) |
Stock-settled derivative transactions (including options) |
|
|||||
|
(i) |
Writing, selling, purchasing or varying |
|
|||||
|
Class |
Product |
Writing, |
Number |
Exercise |
Type |
Expiry |
Option |
|
of |
description |
purchasing, |
of |
price |
|
date |
money |
|
relevant |
|
selling, |
securities |
per unit |
|
|
paid/ |
|
security |
|
varying etc |
to which |
|
|
|
received |
|
|
|
|
option |
|
|
|
per unit |
|
|
|
|
relates |
|
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|
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|
(ii) |
Exercise |
|
|
|
|
|
|
|
Class of relevant |
Product description |
Exercising/ exercised against |
Number of |
Exercise price per |
|||
|
security |
|
|
securities |
unit |
|||
|
|
|
|
|
|
|||
|
|
|
|
|
|
|
|
|
|
(d) |
Other dealings (including subscribing for new securities) |
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Class of relevant |
Nature of Dealings |
Details |
Price per unit (if |
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security |
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applicable) |
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4. |
OTHER INFORMATION |
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(a) |
Indemnity and other dealings arrangements |
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Details of any indemnity or option arrangement, or any agreement or understanding, |
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formal or informal, relating to relevant securities which may be an inducement to deal |
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or refrain from dealing entered into by the exempt principal trader making the disclosure and any party |
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to the offer or any person acting in concert with a party to the offer: |
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NONE |
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(b) |
Agreements, arrangements or understandings relating to options or derivatives |
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Details of any agreement, arrangement or understanding, formal or informal, between |
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the person making the disclosure and any other person relating to: |
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(i) the voting rights of any relevant securities under any option; or |
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(ii) the voting rights of future acquisition or disposal of any relevant securities to which |
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any derivative is referenced: |
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NONE |
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(c) |
Attachments |
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Is a Supplemental Form 8 (Open Positions) attached? |
NO |
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Date of disclosure: |
25 Feb 2026 |
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Contact name: |
Large Holdings Regulatory Operations |
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Telephone number: |
020 3134 7213 |
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