Form 8.3 BRITISH LAND COMPANY PLC, THE

Barclays PLC

19 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:				18 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:			8,479,249	0.85%	6,100,832	0.61%
(2)	Cash-settled derivatives:
				5,870,454	0.59%	3,793,669	0.38%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%
	TOTAL:			14,349,703	1.44%	9,894,501	0.99%
(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		422,561		4.1740  GBP
25p ordinary		Purchase		215,484		4.1345  GBP
25p ordinary		Purchase		183,842		4.1564  GBP
25p ordinary		Purchase		90,247		4.1300  GBP
25p ordinary		Purchase		61,782		4.1597  GBP
25p ordinary		Purchase		40,186		4.1715  GBP
25p ordinary		Purchase		37,442		4.1440  GBP
25p ordinary		Purchase		36,210		4.1362  GBP
25p ordinary		Purchase		32,366		4.1620  GBP
25p ordinary		Purchase		28,676		4.1588  GBP
25p ordinary		Purchase		27,380		4.1600  GBP
25p ordinary		Purchase		24,510		4.1541  GBP
25p ordinary		Purchase		22,610		4.1555  GBP
25p ordinary		Purchase		20,094		4.1312  GBP
25p ordinary		Purchase		16,986		4.1563  GBP
25p ordinary		Purchase		14,552		4.1650  GBP
25p ordinary		Purchase		12,928		4.1313  GBP
25p ordinary		Purchase		8,827		4.1296  GBP
25p ordinary		Purchase		7,921		4.1339  GBP
25p ordinary		Purchase		7,741		4.1637  GBP
25p ordinary		Purchase		6,570		4.1595  GBP
25p ordinary		Purchase		6,378		4.1369  GBP
25p ordinary		Purchase		6,377		4.1640  GBP
25p ordinary		Purchase		5,889		4.1383  GBP
25p ordinary		Purchase		5,797		4.1490  GBP
25p ordinary		Purchase		5,688		4.1329  GBP
25p ordinary		Purchase		4,739		4.1450  GBP
25p ordinary		Purchase		4,636		4.1308  GBP
25p ordinary		Purchase		4,450		4.1580  GBP
25p ordinary		Purchase		4,093		4.1560  GBP
25p ordinary		Purchase		3,657		4.1638  GBP
25p ordinary		Purchase		3,212		4.1592  GBP
25p ordinary		Purchase		2,948		4.1556  GBP
25p ordinary		Purchase		2,436		4.1306  GBP
25p ordinary		Purchase		2,352		4.1530  GBP
25p ordinary		Purchase		2,262		4.1840  GBP
25p ordinary		Purchase		2,196		4.1618  GBP
25p ordinary		Purchase		1,552		4.1349  GBP
25p ordinary		Purchase		1,432		4.1603  GBP
25p ordinary		Purchase		1,351		4.1475  GBP
25p ordinary		Purchase		1,224		4.1583  GBP
25p ordinary		Purchase		1,219		4.1360  GBP
25p ordinary		Purchase		1,162		4.1630  GBP
25p ordinary		Purchase		954		4.1660  GBP
25p ordinary		Purchase		868		4.1599  GBP
25p ordinary		Purchase		745		4.1720  GBP
25p ordinary		Purchase		680		4.1460  GBP
25p ordinary		Purchase		480		4.1540  GBP
25p ordinary		Purchase		451		4.1680  GBP
25p ordinary		Purchase		402		4.1480  GBP
25p ordinary		Purchase		366		4.1520  GBP
25p ordinary		Purchase		306		4.1525  GBP
25p ordinary		Purchase		200		4.1290  GBP
25p ordinary		Purchase		189		4.1561  GBP
25p ordinary		Purchase		174		4.1550  GBP
25p ordinary		Purchase		159		4.1780  GBP
25p ordinary		Purchase		80		4.1760  GBP
25p ordinary		Purchase		28		4.1800  GBP
25p ordinary		Purchase		20		4.1260  GBP
25p ordinary		Purchase		9		4.1700  GBP
25p ordinary		Sale		184,506		4.1444  GBP
25p ordinary		Sale		135,436		4.1520  GBP
25p ordinary		Sale		130,703		4.1300  GBP
25p ordinary		Sale		124,096		4.1406  GBP
25p ordinary		Sale		113,203		4.1589  GBP
25p ordinary		Sale		107,742		4.1345  GBP
25p ordinary		Sale		80,372		4.1715  GBP
25p ordinary		Sale		77,191		4.1434  GBP
25p ordinary		Sale		67,526		4.1638  GBP
25p ordinary		Sale		25,497		4.1542  GBP
25p ordinary		Sale		23,560		4.1548  GBP
25p ordinary		Sale		20,373		4.1328  GBP
25p ordinary		Sale		17,330		4.1392  GBP
25p ordinary		Sale		12,414		4.1600  GBP
25p ordinary		Sale		11,000		4.1535  GBP
25p ordinary		Sale		10,212		4.1533  GBP
25p ordinary		Sale		8,601		4.1554  GBP
25p ordinary		Sale		7,982		4.1583  GBP
25p ordinary		Sale		7,658		4.1534  GBP
25p ordinary		Sale		5,475		4.1551  GBP
25p ordinary		Sale		5,175		4.1377  GBP
25p ordinary		Sale		5,086		4.1653  GBP
25p ordinary		Sale		4,395		4.1560  GBP
25p ordinary		Sale		3,914		4.1573  GBP
25p ordinary		Sale		3,341		4.1614  GBP
25p ordinary		Sale		2,989		4.1580  GBP
25p ordinary		Sale		2,568		4.1579  GBP
25p ordinary		Sale		2,343		4.1655  GBP
25p ordinary		Sale		2,162		4.1630  GBP
25p ordinary		Sale		2,050		4.1530  GBP
25p ordinary		Sale		1,944		4.1550  GBP
25p ordinary		Sale		1,871		4.1296  GBP
25p ordinary		Sale		1,131		4.1840  GBP
25p ordinary		Sale		1,082		4.1740  GBP
25p ordinary		Sale		1,074		4.1720  GBP
25p ordinary		Sale		854		4.1687  GBP
25p ordinary		Sale		752		4.1650  GBP
25p ordinary		Sale		559		4.1620  GBP
25p ordinary		Sale		549		4.1656  GBP
25p ordinary		Sale		402		4.1480  GBP
25p ordinary		Sale		341		4.1540  GBP
25p ordinary		Sale		182		4.1660  GBP
25p ordinary		Sale		173		4.1640  GBP
25p ordinary		Sale		39		4.1360  GBP
25p ordinary		Sale		16		4.1293  GBP
25p ordinary		Sale		14		4.1800  GBP
25p ordinary		Sale		9		4.1700  GBP
25p ordinary		Sale		1		4.1584  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 Long		37,132	4.1448  GBP
25p ordinary		SWAP		Increasing Long		1,887	4.1296  GBP
25p ordinary		SWAP		Increasing Long		104,680	4.1300  GBP
25p ordinary		SWAP		Increasing Long		5,427	4.1309  GBP
25p ordinary		SWAP		Increasing Long		5,175	4.1377  GBP
25p ordinary		SWAP		Increasing Long		13,860	4.1392  GBP
25p ordinary		SWAP		Increasing Long		77,191	4.1434  GBP
25p ordinary		SWAP		Increasing Long		17,330	4.1500  GBP
25p ordinary		SWAP		Increasing Long		34,046	4.1520  GBP
25p ordinary		SWAP		Increasing Long		10,212	4.1533  GBP
25p ordinary		SWAP		Increasing Long		11,000	4.1535  GBP
25p ordinary		SWAP		Increasing Long		5,475	4.1551  GBP
25p ordinary		SWAP		Increasing Long		8,601	4.1554  GBP
25p ordinary		SWAP		Increasing Long		13,987	4.1559  GBP
25p ordinary		SWAP		Increasing Long		2,202	4.1560  GBP
25p ordinary		SWAP		Increasing Long		7,982	4.1583  GBP
25p ordinary		SWAP		Increasing Long		73,819	4.1589  GBP
25p ordinary		SWAP		Increasing Long		829	4.1643  GBP
25p ordinary		SWAP		Increasing Long		2,343	4.1655  GBP
25p ordinary		SWAP		Increasing Long		80,372	4.1715  GBP
25p ordinary		SWAP		Decreasing Long		8,651	4.1299  GBP
25p ordinary		SWAP		Decreasing Long		4,636	4.1308  GBP
25p ordinary		SWAP		Decreasing Long		182	4.1363  GBP
25p ordinary		SWAP		Decreasing Long		2,145	4.1382  GBP
25p ordinary		SWAP		Decreasing Long		6,988	4.1397  GBP
25p ordinary		SWAP		Decreasing Long		1,351	4.1475  GBP
25p ordinary		SWAP		Decreasing Long		5,797	4.1490  GBP
25p ordinary		SWAP		Decreasing Long		306	4.1524  GBP
25p ordinary		SWAP		Decreasing Long		26,761	4.1529  GBP
25p ordinary		SWAP		Decreasing Long		356	4.1543  GBP
25p ordinary		SWAP		Decreasing Long		885	4.1560  GBP
25p ordinary		SWAP		Decreasing Long		1,668	4.1600  GBP
25p ordinary		SWAP		Decreasing Long		1,318	4.1612  GBP
25p ordinary		SWAP		Decreasing Long		13,800	4.1650  GBP
25p ordinary		SWAP		Decreasing Long		551	4.1720  GBP
25p ordinary		SWAP		Decreasing Long		421,479	4.1740  GBP
25p ordinary		CFD		Increasing Long		26,108	4.1300  GBP
25p ordinary		CFD		Increasing Long		2,568	4.1579  GBP
25p ordinary		CFD		Increasing Long		9,399	4.1581  GBP
25p ordinary		CFD		Decreasing Long		1,429	4.1416  GBP
25p ordinary		CFD		Decreasing Long		28,676	4.1588  GBP
25p ordinary		CFD		Decreasing Long		31,807	4.1619  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:				19 Feb 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END