Form 8.3 BRITISH LAND COMPANY PLC, THE

Barclays PLC

20 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:				19 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:			8,429,237	0.84%	6,301,999	0.63%
(2)	Cash-settled derivatives:
				6,105,372	0.61%	3,763,317	0.38%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%
	TOTAL:			14,534,609	1.45%	10,065,316	1.01%
(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		140,272		4.1299  GBP
25p ordinary		Purchase		106,411		4.1300  GBP
25p ordinary		Purchase		92,922		4.1340  GBP
25p ordinary		Purchase		73,310		4.1304  GBP
25p ordinary		Purchase		68,500		4.1341  GBP
25p ordinary		Purchase		24,382		4.1153  GBP
25p ordinary		Purchase		11,896		4.1258  GBP
25p ordinary		Purchase		9,970		4.1244  GBP
25p ordinary		Purchase		7,821		4.1280  GBP
25p ordinary		Purchase		7,009		4.1288  GBP
25p ordinary		Purchase		6,971		4.1277  GBP
25p ordinary		Purchase		6,454		4.1283  GBP
25p ordinary		Purchase		3,488		4.1380  GBP
25p ordinary		Purchase		3,480		4.1440  GBP
25p ordinary		Purchase		3,406		4.1328  GBP
25p ordinary		Purchase		3,313		4.1290  GBP
25p ordinary		Purchase		2,988		4.1276  GBP
25p ordinary		Purchase		2,852		4.1278  GBP
25p ordinary		Purchase		2,692		4.1338  GBP
25p ordinary		Purchase		2,197		4.1420  GBP
25p ordinary		Purchase		2,179		4.1262  GBP
25p ordinary		Purchase		2,165		4.1211  GBP
25p ordinary		Purchase		2,148		4.1252  GBP
25p ordinary		Purchase		1,878		4.1260  GBP
25p ordinary		Purchase		1,862		4.1400  GBP
25p ordinary		Purchase		1,557		4.1180  GBP
25p ordinary		Purchase		1,493		4.1275  GBP
25p ordinary		Purchase		1,457		4.1321  GBP
25p ordinary		Purchase		1,307		4.1360  GBP
25p ordinary		Purchase		1,297		4.1460  GBP
25p ordinary		Purchase		1,226		4.1265  GBP
25p ordinary		Purchase		955		4.1350  GBP
25p ordinary		Purchase		926		4.1320  GBP
25p ordinary		Purchase		899		4.1270  GBP
25p ordinary		Purchase		705		4.1364  GBP
25p ordinary		Purchase		479		4.1355  GBP
25p ordinary		Purchase		398		4.1140  GBP
25p ordinary		Purchase		398		4.1310  GBP
25p ordinary		Purchase		379		4.1480  GBP
25p ordinary		Purchase		351		4.1220  GBP
25p ordinary		Purchase		246		4.1231  GBP
25p ordinary		Purchase		78		4.1100  GBP
25p ordinary		Purchase		28		4.1120  GBP
25p ordinary		Purchase		13		4.1405  GBP
25p ordinary		Purchase		9		4.1375  GBP
25p ordinary		Purchase		6		4.1330  GBP
25p ordinary		Purchase		2		4.1240  GBP
25p ordinary		Sale		220,569		4.1300  GBP
25p ordinary		Sale		158,566		4.1298  GBP
25p ordinary		Sale		138,852		4.1302  GBP
25p ordinary		Sale		64,011		4.1308  GBP
25p ordinary		Sale		57,331		4.1342  GBP
25p ordinary		Sale		51,881		4.1329  GBP
25p ordinary		Sale		23,793		4.1327  GBP
25p ordinary		Sale		22,176		4.1306  GBP
25p ordinary		Sale		19,395		4.1268  GBP
25p ordinary		Sale		16,680		4.1280  GBP
25p ordinary		Sale		11,116		4.1321  GBP
25p ordinary		Sale		9,518		4.1275  GBP
25p ordinary		Sale		8,121		4.1319  GBP
25p ordinary		Sale		5,858		4.1253  GBP
25p ordinary		Sale		4,544		4.1345  GBP
25p ordinary		Sale		4,483		4.1440  GBP
25p ordinary		Sale		4,466		4.1340  GBP
25p ordinary		Sale		4,305		4.1385  GBP
25p ordinary		Sale		4,053		4.1378  GBP
25p ordinary		Sale		3,665		4.1380  GBP
25p ordinary		Sale		3,003		4.1360  GBP
25p ordinary		Sale		2,625		4.1271  GBP
25p ordinary		Sale		2,507		4.1318  GBP
25p ordinary		Sale		2,197		4.1420  GBP
25p ordinary		Sale		1,886		4.1299  GBP
25p ordinary		Sale		1,878		4.1260  GBP
25p ordinary		Sale		1,862		4.1400  GBP
25p ordinary		Sale		1,550		4.1330  GBP
25p ordinary		Sale		1,297		4.1460  GBP
25p ordinary		Sale		1,072		4.1279  GBP
25p ordinary		Sale		899		4.1270  GBP
25p ordinary		Sale		379		4.1480  GBP
25p ordinary		Sale		351		4.1220  GBP
25p ordinary		Sale		349		4.1315  GBP
25p ordinary		Sale		335		4.1180  GBP
25p ordinary		Sale		189		4.1320  GBP
25p ordinary		Sale		78		4.1100  GBP
25p ordinary		Sale		66		4.1343  GBP
25p ordinary		Sale		28		4.1120  GBP
25p ordinary		Sale		13		4.1409  GBP
25p ordinary		Sale		5		4.1344  GBP
25p ordinary		Sale		2		4.1244  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		36,256	4.1314  GBP
25p ordinary		SWAP		Increasing Long		19,395	4.1268  GBP
25p ordinary		SWAP		Increasing Long		1,072	4.1279  GBP
25p ordinary		SWAP		Increasing Long		7,418	4.1280  GBP
25p ordinary		SWAP		Increasing Long		1,886	4.1299  GBP
25p ordinary		SWAP		Increasing Long		48,982	4.1300  GBP
25p ordinary		SWAP		Increasing Long		35,938	4.1301  GBP
25p ordinary		SWAP		Increasing Long		22,324	4.1305  GBP
25p ordinary		SWAP		Increasing Long		52,297	4.1307  GBP
25p ordinary		SWAP		Increasing Long		62,754	4.1308  GBP
25p ordinary		SWAP		Increasing Long		30,419	4.1312  GBP
25p ordinary		SWAP		Increasing Long		16,508	4.1317  GBP
25p ordinary		SWAP		Increasing Long		13,383	4.1321  GBP
25p ordinary		SWAP		Increasing Long		1,458	4.1322  GBP
25p ordinary		SWAP		Increasing Long		51,881	4.1329  GBP
25p ordinary		SWAP		Increasing Long		57,331	4.1342  GBP
25p ordinary		SWAP		Increasing Long		13,819	4.1353  GBP
25p ordinary		SWAP		Increasing Long		6,811	4.1357  GBP
25p ordinary		SWAP		Increasing Long		15,331	4.1360  GBP
25p ordinary		SWAP		Increasing Long		82	4.1380  GBP
25p ordinary		SWAP		Decreasing Long		24,300	4.1229  GBP
25p ordinary		SWAP		Decreasing Long		9,970	4.1244  GBP
25p ordinary		SWAP		Decreasing Long		1,838	4.1254  GBP
25p ordinary		SWAP		Decreasing Long		190	4.1260  GBP
25p ordinary		SWAP		Decreasing Long		31,512	4.1275  GBP
25p ordinary		SWAP		Decreasing Long		5,594	4.1295  GBP
25p ordinary		SWAP		Decreasing Long		94	4.1303  GBP
25p ordinary		SWAP		Decreasing Long		21,299	4.1316  GBP
25p ordinary		SWAP		Decreasing Long		2,692	4.1338  GBP
25p ordinary		SWAP		Decreasing Long		89,405	4.1340  GBP
25p ordinary		SWAP		Decreasing Long		1,011	4.1363  GBP
25p ordinary		SWAP		Decreasing Long		2,241	4.1375  GBP
25p ordinary		SWAP		Decreasing Long		44,200	4.1402  GBP
25p ordinary		SWAP		Decreasing Long		90	4.1403  GBP
25p ordinary		SWAP		Decreasing Long		730	4.1440  GBP
25p ordinary		CFD		Increasing Long		5,858	4.1253  GBP
25p ordinary		CFD		Increasing Long		7,000	4.1288  GBP
25p ordinary		CFD		Increasing Long		70,603	4.1299  GBP
25p ordinary		CFD		Increasing Long		18,845	4.1300  GBP
25p ordinary		CFD		Decreasing Long		24,382	4.1153  GBP
25p ordinary		CFD		Decreasing Long		321	4.1300  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:				20 Feb 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END