t
Barclays PLC submitted a Rule 8.3 disclosure on March 26, 2026, detailing its dealings and positions in BRITISH LAND COMPANY PLC and LIFE SCIENCE REIT PLC as of March 25, 2026. On March 25, Barclays PLC purchased a total of 1,819,004 British Land 25p ordinary shares and sold 1,387,025 British Land 25p ordinary shares, alongside various cash-settled derivative transactions. Following these dealings, Barclays PLC held a total long position of 19,548,692 (1.96%) and a total short position of 17,757,273 (1.78%) in British Land's 25p ordinary shares.
| Date | 26 Mar 2026 |
| Time | 14:46:16 |
| Category | Holding(s) in company |
| ID | 3224Y |
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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: |
25 Mar 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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10,974,035 |
1.10% |
8,894,204 |
0.89% |
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(2) |
Cash-settled derivatives: |
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8,574,657 |
0.86% |
8,863,069 |
0.89% |
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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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19,548,692 |
1.96% |
17,757,273 |
1.78% |
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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 |
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securities |
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25p ordinary |
Purchase |
1,210,260 |
3.5340 GBP |
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25p ordinary |
Purchase |
152,241 |
3.5545 GBP |
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25p ordinary |
Purchase |
117,718 |
3.5560 GBP |
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25p ordinary |
Purchase |
95,981 |
3.5543 GBP |
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25p ordinary |
Purchase |
78,424 |
3.5559 GBP |
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25p ordinary |
Purchase |
70,975 |
3.5567 GBP |
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25p ordinary |
Purchase |
18,407 |
3.5546 GBP |
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25p ordinary |
Purchase |
7,132 |
3.5572 GBP |
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25p ordinary |
Purchase |
6,811 |
3.5442 GBP |
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25p ordinary |
Purchase |
5,105 |
3.5576 GBP |
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25p ordinary |
Purchase |
4,447 |
3.5395 GBP |
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25p ordinary |
Purchase |
3,292 |
3.5456 GBP |
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25p ordinary |
Purchase |
2,918 |
3.5520 GBP |
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25p ordinary |
Purchase |
2,844 |
3.5596 GBP |
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25p ordinary |
Purchase |
2,452 |
3.5359 GBP |
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25p ordinary |
Purchase |
2,347 |
3.5533 GBP |
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25p ordinary |
Purchase |
2,189 |
3.5500 GBP |
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25p ordinary |
Purchase |
1,322 |
3.5360 GBP |
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25p ordinary |
Purchase |
1,142 |
3.5454 GBP |
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25p ordinary |
Purchase |
1,038 |
3.5407 GBP |
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25p ordinary |
Purchase |
931 |
3.5540 GBP |
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25p ordinary |
Purchase |
765 |
3.5440 GBP |
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25p ordinary |
Purchase |
734 |
3.5550 GBP |
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25p ordinary |
Purchase |
328 |
3.5580 GBP |
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25p ordinary |
Purchase |
253 |
3.5302 GBP |
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25p ordinary |
Purchase |
165 |
3.5660 GBP |
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25p ordinary |
Purchase |
165 |
3.5640 GBP |
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25p ordinary |
Purchase |
164 |
3.5460 GBP |
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25p ordinary |
Purchase |
118 |
3.5529 GBP |
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25p ordinary |
Purchase |
86 |
3.5555 GBP |
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25p ordinary |
Sale |
621,120 |
3.5556 GBP |
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25p ordinary |
Sale |
265,533 |
3.5560 GBP |
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25p ordinary |
Sale |
160,682 |
3.5548 GBP |
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25p ordinary |
Sale |
87,549 |
3.5532 GBP |
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25p ordinary |
Sale |
49,598 |
3.5640 GBP |
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25p ordinary |
Sale |
37,167 |
3.5529 GBP |
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25p ordinary |
Sale |
27,753 |
3.5450 GBP |
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25p ordinary |
Sale |
27,583 |
3.5545 GBP |
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25p ordinary |
Sale |
22,846 |
3.5550 GBP |
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25p ordinary |
Sale |
19,448 |
3.5460 GBP |
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25p ordinary |
Sale |
15,588 |
3.5547 GBP |
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25p ordinary |
Sale |
10,210 |
3.5576 GBP |
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25p ordinary |
Sale |
9,749 |
3.5535 GBP |
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25p ordinary |
Sale |
7,532 |
3.5593 GBP |
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25p ordinary |
Sale |
6,732 |
3.5549 GBP |
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25p ordinary |
Sale |
5,688 |
3.5596 GBP |
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25p ordinary |
Sale |
5,543 |
3.5442 GBP |
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25p ordinary |
Sale |
4,297 |
3.5496 GBP |
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25p ordinary |
Sale |
4,029 |
3.5597 GBP |
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25p ordinary |
Sale |
2,950 |
3.5440 GBP |
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25p ordinary |
Sale |
2,433 |
3.5503 GBP |
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25p ordinary |
Sale |
1,909 |
3.5465 GBP |
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25p ordinary |
Sale |
1,493 |
3.5538 GBP |
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25p ordinary |
Sale |
1,492 |
3.5400 GBP |
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25p ordinary |
Sale |
1,469 |
3.5590 GBP |
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25p ordinary |
Sale |
1,244 |
3.5660 GBP |
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25p ordinary |
Sale |
1,201 |
3.5220 GBP |
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25p ordinary |
Sale |
1,049 |
3.5170 GBP |
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25p ordinary |
Sale |
786 |
3.5380 GBP |
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25p ordinary |
Sale |
328 |
3.5580 GBP |
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25p ordinary |
Sale |
165 |
3.5540 GBP |
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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 |
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reference |
unit |
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security |
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securities |
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25p ordinary |
SWAP |
Decreasing Short |
3,329 |
3.5188 GBP |
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25p ordinary |
SWAP |
Decreasing Short |
2,282 |
3.5189 GBP |
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25p ordinary |
SWAP |
Decreasing Short |
151,229 |
3.5215 GBP |
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25p ordinary |
SWAP |
Decreasing Short |
4,319 |
3.5465 GBP |
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25p ordinary |
SWAP |
Decreasing Short |
4,297 |
3.5496 GBP |
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25p ordinary |
SWAP |
Decreasing Short |
2,433 |
3.5502 GBP |
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25p ordinary |
SWAP |
Decreasing Short |
100,552 |
3.5532 GBP |
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25p ordinary |
SWAP |
Opening Long |
25,440 |
3.5536 GBP |
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25p ordinary |
SWAP |
Increasing Long |
27,583 |
3.5545 GBP |
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25p ordinary |
SWAP |
Increasing Long |
15,588 |
3.5547 GBP |
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25p ordinary |
SWAP |
Increasing Long |
18,281 |
3.5550 GBP |
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25p ordinary |
SWAP |
Increasing Long |
236,779 |
3.5559 GBP |
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25p ordinary |
SWAP |
Increasing Long |
387,320 |
3.5560 GBP |
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25p ordinary |
SWAP |
Increasing Long |
4,029 |
3.5597 GBP |
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25p ordinary |
SWAP |
Decreasing Long |
72,151 |
3.5012 GBP |
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25p ordinary |
SWAP |
Decreasing Long |
253 |
3.5302 GBP |
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25p ordinary |
SWAP |
Opening Short |
1,210,260 |
3.5340 GBP |
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25p ordinary |
SWAP |
Increasing Short |
2,452 |
3.5360 GBP |
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25p ordinary |
SWAP |
Increasing Short |
200 |
3.5400 GBP |
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25p ordinary |
SWAP |
Increasing Short |
685 |
3.5516 GBP |
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25p ordinary |
SWAP |
Increasing Short |
2,918 |
3.5520 GBP |
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25p ordinary |
SWAP |
Increasing Short |
2,347 |
3.5533 GBP |
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25p ordinary |
SWAP |
Increasing Short |
34,568 |
3.5537 GBP |
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25p ordinary |
SWAP |
Increasing Short |
50,014 |
3.5548 GBP |
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25p ordinary |
SWAP |
Increasing Short |
86 |
3.5556 GBP |
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25p ordinary |
SWAP |
Increasing Short |
52,072 |
3.5560 GBP |
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25p ordinary |
SWAP |
Increasing Short |
70,975 |
3.5567 GBP |
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25p ordinary |
CFD |
Increasing Long |
27,753 |
3.5450 GBP |
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25p ordinary |
CFD |
Increasing Long |
22,059 |
3.5467 GBP |
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25p ordinary |
CFD |
Increasing Long |
16,339 |
3.5555 GBP |
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25p ordinary |
CFD |
Increasing Long |
30,334 |
3.5556 GBP |
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25p ordinary |
CFD |
Increasing Long |
16,331 |
3.5558 GBP |
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25p ordinary |
CFD |
Increasing Long |
2,682 |
3.5559 GBP |
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25p ordinary |
CFD |
Increasing Long |
29,058 |
3.5560 GBP |
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25p ordinary |
CFD |
Increasing Long |
1,082 |
3.5564 GBP |
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25p ordinary |
CFD |
Increasing Long |
2,308 |
3.5565 GBP |
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25p ordinary |
CFD |
Increasing Long |
49,433 |
3.5639 GBP |
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25p ordinary |
CFD |
Decreasing Long |
44,118 |
3.5467 GBP |
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25p ordinary |
CFD |
Decreasing Long |
91,289 |
3.5542 GBP |
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25p ordinary |
CFD |
Decreasing Long |
1,154 |
3.5565 GBP |
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(c) |
Stock-settled derivative transactions (including options) |
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(i) |
Writing, selling, purchasing or varying |
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Class |
Product |
Writing, |
Number |
Exercise |
Type |
Expiry |
Option |
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of |
description |
purchasing, |
of |
price |
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date |
money |
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relevant |
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selling, |
securities |
per unit |
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paid/ |
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security |
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varying etc |
to which |
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received |
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option |
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per unit |
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relates |
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(ii) |
Exercise |
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Class of relevant |
Product description |
Exercising/ exercised against |
Number of |
Exercise price per |
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security |
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securities |
unit |
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(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: |
26 Mar 2026 |
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Contact name: |
Large Holdings Regulatory Operations |
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Telephone number: |
020 3134 7213 |
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