t
Barclays PLC, a discloser under Rule 8.3 of the Takeover Code, reported its position and dealings in British Land Company PLC and Life Science REIT PLC relevant securities on 30 March 2026. As of that date, Barclays PLC held a total interest of 19,046,664 (1.90%) and total short positions of 17,013,334 (1.70%) in British Land Company PLC's 25p ordinary shares, encompassing relevant securities owned/controlled and cash-settled derivatives. On the same date, Barclays PLC conducted multiple purchases and sales of British Land Company PLC 25p ordinary shares and ADRs, alongside various cash-settled derivative transactions.
| Date | 31 Mar 2026 |
| Time | 10:04:30 |
| Category | Holding(s) in company |
| ID | 8453Y |
|
FORM 8.3 |
|||||||
|
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY |
|||||||
|
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR |
|||||||
|
MORE |
|||||||
|
Rule 8.3 of the Takeover Code (the "Code") |
|||||||
|
1. |
KEY INFORMATION |
||||||
|
(a) |
Full name of discloser: |
|
Barclays PLC. |
||||
|
(b) |
Owner or controller of interest and short |
|
|||||
|
|
positions disclosed, if different from 1(a): |
||||||
|
(c) |
Name of offeror/offeree in relation to whose |
BRITISH LAND COMPANY PLC, THE |
|||||
|
|
relevant securities this form relates: |
||||||
|
(d) |
If an exempt fund manager connected with an |
|
|||||
|
|
offeror/offeree, state this and specify identity of |
||||||
|
|
offeror/offeree: |
||||||
|
(e) |
Date position held/dealing undertaken: |
30 Mar 2026 |
|||||
|
(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? |
LIFE SCIENCE REIT PLC |
|
||||
|
2. |
POSITIONS OF THE PERSON MAKING THE DISCLOSURE |
||||||
|
(a) |
Interests and short positions in the relevant securities of the offeror or offeree |
|
|||||
|
|
to which the disclosure relates following the dealing(if any) |
|
|||||
|
Class of relevant security: |
25p ordinary |
||||||
|
|
Interests |
Short Positions |
|||||
|
|
Number |
(%) |
Number |
(%) |
|||
|
(1) |
Relevant securities owned |
|
|
|
|
||
|
|
and/or controlled: |
|
|
11,258,255 |
1.13% |
7,932,599 |
0.79% |
|
(2) |
Cash-settled derivatives: |
|
|
|
|
||
|
|
|
|
|
7,788,409 |
0.78% |
9,080,735 |
0.91% |
|
(3) |
Stock-settled derivatives (including options) |
|
|
|
|
||
|
|
and agreements to purchase/sell: |
|
|
0 |
0.00% |
0 |
0.00% |
|
|
|
|
|
|
|
|
|
|
|
TOTAL: |
|
|
19,046,664 |
1.90% |
17,013,334 |
1.70% |
|
(b) |
Rights to subscribe for new securities (including directors and other executive |
|
|||||
|
|
options) |
|
|
|
|
|
|
|
Class of relevant security in relation to |
|
|
|
|
|||
|
which subscription right exists |
|
|
|
|
|||
|
Details, including nature of the rights |
|
|
|
|
|||
|
concerned and relevant percentages: |
|
|
|
|
|||
|
3. |
DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE |
||||||
|
(a) |
Purchases and sales |
|
|
|
|
|
|
|
Class of relevant |
Purchase/sale |
Number of |
Price per unit |
||||
|
security |
|
securities |
|
||||
|
25p ordinary |
Purchase |
187,640 |
3.5506 GBP |
||||
|
25p ordinary |
Purchase |
184,745 |
3.5394 GBP |
||||
|
25p ordinary |
Purchase |
174,907 |
3.5660 GBP |
||||
|
25p ordinary |
Purchase |
144,683 |
3.4460 GBP |
||||
|
25p ordinary |
Purchase |
119,833 |
3.5084 GBP |
||||
|
25p ordinary |
Purchase |
115,600 |
3.5332 GBP |
||||
|
25p ordinary |
Purchase |
93,195 |
3.4614 GBP |
||||
|
25p ordinary |
Purchase |
89,661 |
3.5120 GBP |
||||
|
25p ordinary |
Purchase |
70,766 |
3.4555 GBP |
||||
|
25p ordinary |
Purchase |
51,327 |
3.4561 GBP |
||||
|
25p ordinary |
Purchase |
37,167 |
3.5582 GBP |
||||
|
25p ordinary |
Purchase |
35,186 |
3.4981 GBP |
||||
|
25p ordinary |
Purchase |
25,518 |
3.5098 GBP |
||||
|
25p ordinary |
Purchase |
18,917 |
3.5621 GBP |
||||
|
25p ordinary |
Purchase |
18,069 |
3.4603 GBP |
||||
|
25p ordinary |
Purchase |
15,193 |
3.4732 GBP |
||||
|
25p ordinary |
Purchase |
12,311 |
3.5636 GBP |
||||
|
25p ordinary |
Purchase |
8,034 |
3.5020 GBP |
||||
|
25p ordinary |
Purchase |
7,165 |
3.4593 GBP |
||||
|
25p ordinary |
Purchase |
6,283 |
3.4514 GBP |
||||
|
25p ordinary |
Purchase |
5,658 |
3.4650 GBP |
||||
|
25p ordinary |
Purchase |
5,548 |
3.4835 GBP |
||||
|
25p ordinary |
Purchase |
4,299 |
3.4626 GBP |
||||
|
25p ordinary |
Purchase |
4,184 |
3.4810 GBP |
||||
|
25p ordinary |
Purchase |
3,527 |
3.4536 GBP |
||||
|
25p ordinary |
Purchase |
3,487 |
3.4675 GBP |
||||
|
25p ordinary |
Purchase |
2,682 |
3.5039 GBP |
||||
|
25p ordinary |
Purchase |
2,645 |
3.5019 GBP |
||||
|
25p ordinary |
Purchase |
2,331 |
3.4560 GBP |
||||
|
25p ordinary |
Purchase |
1,715 |
3.5000 GBP |
||||
|
25p ordinary |
Purchase |
1,435 |
3.4521 GBP |
||||
|
25p ordinary |
Purchase |
1,349 |
3.4440 GBP |
||||
|
25p ordinary |
Purchase |
1,252 |
3.5360 GBP |
||||
|
25p ordinary |
Purchase |
1,136 |
3.5280 GBP |
||||
|
25p ordinary |
Purchase |
1,131 |
3.4660 GBP |
||||
|
25p ordinary |
Purchase |
1,115 |
3.4920 GBP |
||||
|
25p ordinary |
Purchase |
1,112 |
3.4620 GBP |
||||
|
25p ordinary |
Purchase |
1,011 |
3.5380 GBP |
||||
|
25p ordinary |
Purchase |
903 |
3.4980 GBP |
||||
|
25p ordinary |
Purchase |
887 |
3.5240 GBP |
||||
|
25p ordinary |
Purchase |
879 |
3.4737 GBP |
||||
|
25p ordinary |
Purchase |
864 |
3.4940 GBP |
||||
|
25p ordinary |
Purchase |
796 |
3.4960 GBP |
||||
|
25p ordinary |
Purchase |
777 |
3.4480 GBP |
||||
|
25p ordinary |
Purchase |
730 |
3.5300 GBP |
||||
|
25p ordinary |
Purchase |
676 |
3.5100 GBP |
||||
|
25p ordinary |
Purchase |
593 |
3.5200 GBP |
||||
|
25p ordinary |
Purchase |
582 |
3.5320 GBP |
||||
|
25p ordinary |
Purchase |
564 |
3.5420 GBP |
||||
|
25p ordinary |
Purchase |
425 |
3.5400 GBP |
||||
|
25p ordinary |
Purchase |
388 |
3.5220 GBP |
||||
|
25p ordinary |
Purchase |
387 |
3.4800 GBP |
||||
|
25p ordinary |
Purchase |
367 |
3.5520 GBP |
||||
|
25p ordinary |
Purchase |
344 |
3.5480 GBP |
||||
|
ADR |
Purchase |
244 |
4.6100 USD |
||||
|
25p ordinary |
Purchase |
217 |
3.5470 GBP |
||||
|
25p ordinary |
Purchase |
201 |
3.4639 GBP |
||||
|
25p ordinary |
Purchase |
195 |
3.5040 GBP |
||||
|
25p ordinary |
Purchase |
178 |
3.5160 GBP |
||||
|
25p ordinary |
Purchase |
157 |
3.5500 GBP |
||||
|
25p ordinary |
Purchase |
77 |
3.5593 GBP |
||||
|
25p ordinary |
Purchase |
76 |
3.5440 GBP |
||||
|
25p ordinary |
Purchase |
62 |
3.5460 GBP |
||||
|
25p ordinary |
Purchase |
1 |
3.5260 GBP |
||||
|
25p ordinary |
Purchase |
1 |
3.5140 GBP |
||||
|
25p ordinary |
Purchase |
1 |
3.5700 GBP |
||||
|
25p ordinary |
Sale |
510,107 |
3.5643 GBP |
||||
|
25p ordinary |
Sale |
166,484 |
3.5660 GBP |
||||
|
25p ordinary |
Sale |
94,726 |
3.5649 GBP |
||||
|
25p ordinary |
Sale |
94,627 |
3.5140 GBP |
||||
|
25p ordinary |
Sale |
53,944 |
3.5270 GBP |
||||
|
25p ordinary |
Sale |
50,685 |
3.4553 GBP |
||||
|
25p ordinary |
Sale |
44,570 |
3.5299 GBP |
||||
|
25p ordinary |
Sale |
38,078 |
3.4548 GBP |
||||
|
25p ordinary |
Sale |
31,222 |
3.5450 GBP |
||||
|
25p ordinary |
Sale |
25,000 |
3.4700 GBP |
||||
|
25p ordinary |
Sale |
24,199 |
3.5239 GBP |
||||
|
25p ordinary |
Sale |
18,590 |
3.5354 GBP |
||||
|
25p ordinary |
Sale |
15,866 |
3.5215 GBP |
||||
|
25p ordinary |
Sale |
15,789 |
3.4930 GBP |
||||
|
25p ordinary |
Sale |
12,013 |
3.4980 GBP |
||||
|
25p ordinary |
Sale |
10,467 |
3.5285 GBP |
||||
|
25p ordinary |
Sale |
7,976 |
3.4657 GBP |
||||
|
25p ordinary |
Sale |
6,855 |
3.5539 GBP |
||||
|
25p ordinary |
Sale |
4,877 |
3.5335 GBP |
||||
|
25p ordinary |
Sale |
4,725 |
3.5303 GBP |
||||
|
25p ordinary |
Sale |
4,635 |
3.4905 GBP |
||||
|
25p ordinary |
Sale |
4,260 |
3.4765 GBP |
||||
|
25p ordinary |
Sale |
3,507 |
3.4957 GBP |
||||
|
25p ordinary |
Sale |
3,133 |
3.5148 GBP |
||||
|
25p ordinary |
Sale |
2,812 |
3.5006 GBP |
||||
|
25p ordinary |
Sale |
2,534 |
3.4709 GBP |
||||
|
25p ordinary |
Sale |
2,321 |
3.4960 GBP |
||||
|
25p ordinary |
Sale |
2,077 |
3.4738 GBP |
||||
|
25p ordinary |
Sale |
1,973 |
3.4570 GBP |
||||
|
25p ordinary |
Sale |
1,932 |
3.5194 GBP |
||||
|
25p ordinary |
Sale |
1,911 |
3.5253 GBP |
||||
|
25p ordinary |
Sale |
1,716 |
3.5360 GBP |
||||
|
25p ordinary |
Sale |
1,715 |
3.5000 GBP |
||||
|
25p ordinary |
Sale |
1,541 |
3.5413 GBP |
||||
|
25p ordinary |
Sale |
1,321 |
3.5200 GBP |
||||
|
25p ordinary |
Sale |
1,182 |
3.4702 GBP |
||||
|
25p ordinary |
Sale |
1,136 |
3.5280 GBP |
||||
|
25p ordinary |
Sale |
1,115 |
3.4480 GBP |
||||
|
25p ordinary |
Sale |
1,011 |
3.5380 GBP |
||||
|
25p ordinary |
Sale |
985 |
3.4959 GBP |
||||
|
25p ordinary |
Sale |
887 |
3.5240 GBP |
||||
|
25p ordinary |
Sale |
864 |
3.4940 GBP |
||||
|
25p ordinary |
Sale |
734 |
3.4640 GBP |
||||
|
25p ordinary |
Sale |
730 |
3.5300 GBP |
||||
|
25p ordinary |
Sale |
676 |
3.5100 GBP |
||||
|
25p ordinary |
Sale |
676 |
3.4520 GBP |
||||
|
25p ordinary |
Sale |
676 |
3.5340 GBP |
||||
|
25p ordinary |
Sale |
582 |
3.5320 GBP |
||||
|
25p ordinary |
Sale |
564 |
3.5420 GBP |
||||
|
25p ordinary |
Sale |
425 |
3.5400 GBP |
||||
|
25p ordinary |
Sale |
388 |
3.5220 GBP |
||||
|
25p ordinary |
Sale |
387 |
3.4800 GBP |
||||
|
25p ordinary |
Sale |
367 |
3.5520 GBP |
||||
|
25p ordinary |
Sale |
344 |
3.5480 GBP |
||||
|
ADR |
Sale |
244 |
4.6100 USD |
||||
|
25p ordinary |
Sale |
217 |
3.5470 GBP |
||||
|
25p ordinary |
Sale |
199 |
3.5020 GBP |
||||
|
25p ordinary |
Sale |
195 |
3.5040 GBP |
||||
|
25p ordinary |
Sale |
178 |
3.5160 GBP |
||||
|
25p ordinary |
Sale |
157 |
3.5500 GBP |
||||
|
25p ordinary |
Sale |
76 |
3.5440 GBP |
||||
|
25p ordinary |
Sale |
62 |
3.5460 GBP |
||||
|
25p ordinary |
Sale |
49 |
3.5662 GBP |
||||
|
25p ordinary |
Sale |
1 |
3.5260 GBP |
||||
|
|
|
|
|
|
|
|
|
|
(b) |
Cash-settled derivative transactions |
|
|||||
|
Class of |
Product |
Nature of dealing |
Number of |
Price per |
|||
|
relevant |
description |
|
reference |
unit |
|||
|
security |
|
|
securities |
|
|||
|
25p ordinary |
SWAP |
Decreasing Short |
1,115 |
3.4480 GBP |
|||
|
25p ordinary |
SWAP |
Decreasing Short |
1,973 |
3.4570 GBP |
|||
|
25p ordinary |
SWAP |
Decreasing Short |
2,534 |
3.4709 GBP |
|||
|
25p ordinary |
SWAP |
Decreasing Short |
37 |
3.5019 GBP |
|||
|
25p ordinary |
SWAP |
Decreasing Short |
66 |
3.5050 GBP |
|||
|
25p ordinary |
SWAP |
Decreasing Short |
94,626 |
3.5140 GBP |
|||
|
25p ordinary |
SWAP |
Decreasing Short |
63 |
3.5197 GBP |
|||
|
25p ordinary |
SWAP |
Decreasing Short |
13,118 |
3.5228 GBP |
|||
|
25p ordinary |
SWAP |
Decreasing Short |
13,997 |
3.5265 GBP |
|||
|
25p ordinary |
SWAP |
Decreasing Short |
53,944 |
3.5270 GBP |
|||
|
25p ordinary |
SWAP |
Decreasing Short |
44,570 |
3.5299 GBP |
|||
|
25p ordinary |
SWAP |
Decreasing Short |
11 |
3.5381 GBP |
|||
|
25p ordinary |
SWAP |
Decreasing Short |
27,474 |
3.5489 GBP |
|||
|
25p ordinary |
SWAP |
Decreasing Short |
6,855 |
3.5539 GBP |
|||
|
25p ordinary |
SWAP |
Decreasing Short |
31,800 |
3.5645 GBP |
|||
|
25p ordinary |
SWAP |
Decreasing Short |
9,921 |
3.5658 GBP |
|||
|
25p ordinary |
SWAP |
Decreasing Short |
443,567 |
3.5660 GBP |
|||
|
25p ordinary |
SWAP |
Increasing Short |
1,574 |
3.4280 GBP |
|||
|
25p ordinary |
SWAP |
Increasing Short |
144,683 |
3.4460 GBP |
|||
|
25p ordinary |
SWAP |
Increasing Short |
38,500 |
3.4554 GBP |
|||
|
25p ordinary |
SWAP |
Increasing Short |
18,069 |
3.4603 GBP |
|||
|
25p ordinary |
SWAP |
Increasing Short |
93,195 |
3.4614 GBP |
|||
|
25p ordinary |
SWAP |
Increasing Short |
1,112 |
3.4620 GBP |
|||
|
25p ordinary |
SWAP |
Increasing Short |
500 |
3.4622 GBP |
|||
|
25p ordinary |
SWAP |
Increasing Short |
3,791 |
3.4629 GBP |
|||
|
25p ordinary |
SWAP |
Increasing Short |
22,355 |
3.4649 GBP |
|||
|
25p ordinary |
SWAP |
Increasing Short |
1,050 |
3.4700 GBP |
|||
|
25p ordinary |
SWAP |
Increasing Short |
4,184 |
3.4810 GBP |
|||
|
25p ordinary |
SWAP |
Increasing Short |
25,518 |
3.5098 GBP |
|||
|
25p ordinary |
SWAP |
Increasing Short |
89,661 |
3.5120 GBP |
|||
|
25p ordinary |
SWAP |
Increasing Short |
109,112 |
3.5261 GBP |
|||
|
25p ordinary |
SWAP |
Increasing Short |
115,600 |
3.5332 GBP |
|||
|
25p ordinary |
SWAP |
Increasing Short |
38,780 |
3.5580 GBP |
|||
|
25p ordinary |
SWAP |
Increasing Short |
36,853 |
3.5592 GBP |
|||
|
25p ordinary |
SWAP |
Increasing Short |
77 |
3.5593 GBP |
|||
|
25p ordinary |
SWAP |
Increasing Short |
18,917 |
3.5621 GBP |
|||
|
25p ordinary |
SWAP |
Increasing Short |
41,839 |
3.5633 GBP |
|||
|
25p ordinary |
SWAP |
Increasing Short |
77,945 |
3.5660 GBP |
|||
|
25p ordinary |
SWAP |
Increasing Short |
1 |
3.5663 GBP |
|||
|
25p ordinary |
CFD |
Increasing Long |
7,976 |
3.4657 GBP |
|||
|
25p ordinary |
CFD |
Increasing Long |
3,293 |
3.5004 GBP |
|||
|
25p ordinary |
CFD |
Increasing Long |
244 |
3.5197 GBP |
|||
|
25p ordinary |
CFD |
Increasing Long |
8,476 |
3.5200 GBP |
|||
|
25p ordinary |
CFD |
Increasing Long |
35,476 |
3.5660 GBP |
|||
|
25p ordinary |
CFD |
Decreasing Long |
7,165 |
3.4593 GBP |
|||
|
25p ordinary |
CFD |
Decreasing Long |
74,997 |
3.4843 GBP |
|||
|
25p ordinary |
CFD |
Decreasing Long |
354 |
3.5662 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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(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) |
|
|||||
|
Class of relevant |
Nature of Dealings |
Details |
Price per unit (if |
||||
|
security |
|
|
applicable) |
||||
|
|
|
|
|
||||
|
4. |
OTHER INFORMATION |
||||||
|
(a) |
Indemnity and other dealings 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: |
|
|
|
||||
|
NONE |
|||||||
|
(b) |
Agreements, arrangements or understandings relating to options or derivatives |
|
|||||
|
Details of any agreement, arrangement or understanding, formal or informal, between |
|
|
|||||
|
the person 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 of future acquisition or disposal of any relevant securities to which |
|
|
|||||
|
any derivative is referenced: |
|
|
|
|
|
|
|
|
NONE |
|||||||
|
(c) |
Attachments |
|
|
|
|
|
|
|
Is a Supplemental Form 8 (Open Positions) attached? |
NO |
||||||
|
Date of disclosure: |
31 Mar 2026 |
||||||
|
Contact name: |
Large Holdings Regulatory Operations |
||||||
|
Telephone number: |
020 3134 7213 |
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|