Form 8.3 BRITISH LAND COMPANY PLC, THE

Barclays PLC

17 February 2026

 

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:				16 Feb 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:			8,352,381	0.84%	5,998,218	0.60%
(2)	Cash-settled derivatives:
				5,632,411	0.56%	3,702,819	0.37%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%
	TOTAL:			13,984,792	1.40%	9,701,037	0.97%
(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		173,293		4.0500  GBP
25p ordinary		Purchase		97,746		4.0572  GBP
25p ordinary		Purchase		87,644		4.0502  GBP
25p ordinary		Purchase		59,867		4.0624  GBP
25p ordinary		Purchase		55,908		4.0637  GBP
25p ordinary		Purchase		45,484		4.0493  GBP
25p ordinary		Purchase		29,001		4.0380  GBP
25p ordinary		Purchase		25,664		4.0689  GBP
25p ordinary		Purchase		23,076		4.0715  GBP
25p ordinary		Purchase		20,018		4.0577  GBP
25p ordinary		Purchase		19,763		4.0501  GBP
25p ordinary		Purchase		19,580		4.0515  GBP
25p ordinary		Purchase		16,111		4.0412  GBP
25p ordinary		Purchase		12,030		4.0588  GBP
25p ordinary		Purchase		7,145		4.0351  GBP
25p ordinary		Purchase		6,051		4.0708  GBP
25p ordinary		Purchase		5,066		4.0739  GBP
25p ordinary		Purchase		4,824		4.0411  GBP
25p ordinary		Purchase		4,724		4.0436  GBP
25p ordinary		Purchase		4,485		4.0561  GBP
25p ordinary		Purchase		3,582		4.0723  GBP
25p ordinary		Purchase		3,245		4.0533  GBP
25p ordinary		Purchase		2,890		4.0562  GBP
25p ordinary		Purchase		2,842		4.0592  GBP
25p ordinary		Purchase		2,811		4.0420  GBP
25p ordinary		Purchase		2,767		4.0522  GBP
25p ordinary		Purchase		2,599		4.0490  GBP
25p ordinary		Purchase		2,442		4.0440  GBP
25p ordinary		Purchase		2,207		4.0752  GBP
25p ordinary		Purchase		2,015		4.0540  GBP
25p ordinary		Purchase		2,013		4.0400  GBP
25p ordinary		Purchase		1,944		4.1040  GBP
25p ordinary		Purchase		1,707		4.0548  GBP
25p ordinary		Purchase		1,637		4.0680  GBP
25p ordinary		Purchase		1,267		4.0983  GBP
25p ordinary		Purchase		763		4.0580  GBP
25p ordinary		Purchase		749		4.0386  GBP
25p ordinary		Purchase		739		4.0550  GBP
25p ordinary		Purchase		690		4.0560  GBP
25p ordinary		Purchase		669		4.0682  GBP
25p ordinary		Purchase		576		4.0503  GBP
25p ordinary		Purchase		245		4.0340  GBP
25p ordinary		Purchase		245		4.0338  GBP
25p ordinary		Purchase		177		4.0820  GBP
25p ordinary		Purchase		164		4.0740  GBP
25p ordinary		Purchase		42		4.0800  GBP
25p ordinary		Purchase		33		4.0600  GBP
25p ordinary		Purchase		13		4.0620  GBP
25p ordinary		Purchase		12		4.0260  GBP
25p ordinary		Purchase		12		4.0760  GBP
25p ordinary		Purchase		7		4.0300  GBP
25p ordinary		Sale		382,623		4.0559  GBP
25p ordinary		Sale		259,045		4.0508  GBP
25p ordinary		Sale		168,988		4.0500  GBP
25p ordinary		Sale		129,092		4.0600  GBP
25p ordinary		Sale		115,092		4.0502  GBP
25p ordinary		Sale		64,368		4.1000  GBP
25p ordinary		Sale		32,137		4.0626  GBP
25p ordinary		Sale		26,224		4.0611  GBP
25p ordinary		Sale		25,704		4.0589  GBP
25p ordinary		Sale		24,580		4.0681  GBP
25p ordinary		Sale		17,129		4.0619  GBP
25p ordinary		Sale		8,372		4.0615  GBP
25p ordinary		Sale		8,288		4.0475  GBP
25p ordinary		Sale		6,425		4.0716  GBP
25p ordinary		Sale		5,358		4.0542  GBP
25p ordinary		Sale		4,045		4.0883  GBP
25p ordinary		Sale		3,906		4.0540  GBP
25p ordinary		Sale		2,822		4.0420  GBP
25p ordinary		Sale		2,654		4.0441  GBP
25p ordinary		Sale		2,599		4.0490  GBP
25p ordinary		Sale		2,056		4.0260  GBP
25p ordinary		Sale		2,013		4.0400  GBP
25p ordinary		Sale		1,277		4.0700  GBP
25p ordinary		Sale		1,212		4.0661  GBP
25p ordinary		Sale		937		4.0854  GBP
25p ordinary		Sale		932		4.0602  GBP
25p ordinary		Sale		855		4.0429  GBP
25p ordinary		Sale		763		4.0580  GBP
25p ordinary		Sale		736		4.0585  GBP
25p ordinary		Sale		276		4.0920  GBP
25p ordinary		Sale		245		4.0340  GBP
25p ordinary		Sale		177		4.0820  GBP
25p ordinary		Sale		177		4.0740  GBP
25p ordinary		Sale		88		4.0721  GBP
25p ordinary		Sale		71		4.0803  GBP
25p ordinary		Sale		42		4.0800  GBP
25p ordinary		Sale		23		4.0731  GBP
25p ordinary		Sale		19		4.0440  GBP
25p ordinary		Sale		13		4.0620  GBP
25p ordinary		Sale		12		4.0760  GBP
25p ordinary		Sale		7		4.0300  GBP
25p ordinary		Sale		4		4.0875  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		Increasing Long		8,288	4.0475  GBP
25p ordinary		SWAP		Increasing Long		57	4.0499  GBP
25p ordinary		SWAP		Increasing Long		216,484	4.0500  GBP
25p ordinary		SWAP		Increasing Long		28,564	4.0507  GBP
25p ordinary		SWAP		Increasing Long		2,083	4.0508  GBP
25p ordinary		SWAP		Increasing Long		5,358	4.0542  GBP
25p ordinary		SWAP		Increasing Long		18,508	4.0586  GBP
25p ordinary		SWAP		Increasing Long		143	4.0619  GBP
25p ordinary		SWAP		Increasing Long		32,137	4.0626  GBP
25p ordinary		SWAP		Increasing Long		12,323	4.0629  GBP
25p ordinary		SWAP		Increasing Long		1,069	4.0652  GBP
25p ordinary		SWAP		Increasing Long		24,580	4.0681  GBP
25p ordinary		SWAP		Increasing Long		6,425	4.0716  GBP
25p ordinary		SWAP		Increasing Long		141	4.0739  GBP
25p ordinary		SWAP		Increasing Long		4	4.0879  GBP
25p ordinary		SWAP		Increasing Long		64,368	4.1000  GBP
25p ordinary		SWAP		Decreasing Long		2,423	4.0440  GBP
25p ordinary		SWAP		Decreasing Long		894	4.0485  GBP
25p ordinary		SWAP		Decreasing Long		992	4.0490  GBP
25p ordinary		SWAP		Decreasing Long		87,644	4.0502  GBP
25p ordinary		SWAP		Decreasing Long		667	4.0503  GBP
25p ordinary		SWAP		Decreasing Long		19,580	4.0515  GBP
25p ordinary		SWAP		Decreasing Long		2,767	4.0522  GBP
25p ordinary		SWAP		Decreasing Long		3,245	4.0533  GBP
25p ordinary		SWAP		Decreasing Long		91	4.0543  GBP
25p ordinary		SWAP		Decreasing Long		316	4.0560  GBP
25p ordinary		SWAP		Decreasing Long		808	4.0569  GBP
25p ordinary		SWAP		Decreasing Long		44,487	4.0582  GBP
25p ordinary		SWAP		Decreasing Long		2,169	4.0585  GBP
25p ordinary		SWAP		Decreasing Long		2,842	4.0592  GBP
25p ordinary		SWAP		Decreasing Long		7,394	4.0602  GBP
25p ordinary		SWAP		Decreasing Long		44,635	4.0618  GBP
25p ordinary		SWAP		Decreasing Long		38,769	4.0621  GBP
25p ordinary		SWAP		Decreasing Long		321	4.0646  GBP
25p ordinary		SWAP		Decreasing Long		669	4.0682  GBP
25p ordinary		SWAP		Decreasing Long		6,051	4.0708  GBP
25p ordinary		SWAP		Decreasing Long		1,267	4.0983  GBP
25p ordinary		CFD		Increasing Long		40,251	4.0496  GBP
25p ordinary		CFD		Increasing Long		3,264	4.0536  GBP
25p ordinary		CFD		Increasing Long		8,372	4.0615  GBP
25p ordinary		CFD		Increasing Long		17,129	4.0619  GBP
25p ordinary		CFD		Increasing Long		3,833	4.0687  GBP
25p ordinary		CFD		Increasing Long		937	4.0854  GBP
25p ordinary		CFD		Decreasing Long		5,259	4.0379  GBP
25p ordinary		CFD		Decreasing Long		23,742	4.0380  GBP
25p ordinary		CFD		Decreasing Long		12,189	4.0412  GBP
25p ordinary		CFD		Decreasing Long		4,968	4.0500  GBP
25p ordinary		CFD		Decreasing Long		19,763	4.0501  GBP
25p ordinary		CFD		Decreasing Long		1,707	4.0548  GBP
25p ordinary		CFD		Decreasing Long		4,087	4.0628  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:				17 Feb 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END