Form 8.3 BRITISH LAND COMPANY PLC, THE

Barclays PLC

23 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:				20 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:			8,525,027	0.85%	6,753,279	0.68%
(2)	Cash-settled derivatives:
				6,607,163	0.66%	3,850,771	0.39%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%
	TOTAL:			15,132,190	1.51%	10,604,050	1.06%
(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		395,552		4.1911  GBP
25p ordinary		Purchase		204,063		4.2060  GBP
25p ordinary		Purchase		121,200		4.1909  GBP
25p ordinary		Purchase		90,000		4.2142  GBP
25p ordinary		Purchase		74,335		4.1900  GBP
25p ordinary		Purchase		45,523		4.2120  GBP
25p ordinary		Purchase		41,724		4.2110  GBP
25p ordinary		Purchase		31,107		4.1910  GBP
25p ordinary		Purchase		29,178		4.2006  GBP
25p ordinary		Purchase		21,864		4.2066  GBP
25p ordinary		Purchase		12,300		4.1747  GBP
25p ordinary		Purchase		11,972		4.2043  GBP
25p ordinary		Purchase		9,214		4.1871  GBP
25p ordinary		Purchase		8,347		4.1997  GBP
25p ordinary		Purchase		8,100		4.1914  GBP
25p ordinary		Purchase		6,372		4.1960  GBP
25p ordinary		Purchase		5,610		4.2000  GBP
25p ordinary		Purchase		5,347		4.1980  GBP
25p ordinary		Purchase		5,117		4.1896  GBP
25p ordinary		Purchase		5,000		4.1848  GBP
25p ordinary		Purchase		4,164		4.1963  GBP
25p ordinary		Purchase		4,000		4.1948  GBP
25p ordinary		Purchase		3,355		4.1940  GBP
25p ordinary		Purchase		2,945		4.1946  GBP
25p ordinary		Purchase		2,659		4.1801  GBP
25p ordinary		Purchase		1,844		4.1937  GBP
25p ordinary		Purchase		1,653		4.1820  GBP
25p ordinary		Purchase		1,649		4.1832  GBP
25p ordinary		Purchase		1,555		4.1950  GBP
25p ordinary		Purchase		1,454		4.1918  GBP
25p ordinary		Purchase		1,450		4.2024  GBP
25p ordinary		Purchase		1,446		4.2100  GBP
25p ordinary		Purchase		1,398		4.1941  GBP
25p ordinary		Purchase		1,253		4.1990  GBP
25p ordinary		Purchase		1,210		4.1840  GBP
25p ordinary		Purchase		1,143		4.1970  GBP
25p ordinary		Purchase		1,114		4.1920  GBP
25p ordinary		Purchase		986		4.2140  GBP
25p ordinary		Purchase		912		4.2073  GBP
25p ordinary		Purchase		805		4.1770  GBP
25p ordinary		Purchase		748		4.1800  GBP
25p ordinary		Purchase		680		4.1930  GBP
25p ordinary		Purchase		678		4.2160  GBP
25p ordinary		Purchase		626		4.1847  GBP
25p ordinary		Purchase		604		4.1904  GBP
25p ordinary		Purchase		550		4.1860  GBP
25p ordinary		Purchase		469		4.1998  GBP
25p ordinary		Purchase		393		4.1830  GBP
25p ordinary		Purchase		383		4.1880  GBP
25p ordinary		Purchase		380		4.1810  GBP
25p ordinary		Purchase		362		4.1850  GBP
25p ordinary		Purchase		294		4.1890  GBP
25p ordinary		Purchase		232		4.1995  GBP
25p ordinary		Purchase		194		4.1870  GBP
25p ordinary		Purchase		191		4.1780  GBP
25p ordinary		Purchase		186		4.2080  GBP
25p ordinary		Purchase		178		4.2040  GBP
25p ordinary		Purchase		53		4.1903  GBP
25p ordinary		Purchase		8		4.1790  GBP
25p ordinary		Sale		307,978		4.1930  GBP
25p ordinary		Sale		274,300		4.1900  GBP
25p ordinary		Sale		253,612		4.1898  GBP
25p ordinary		Sale		210,834		4.1890  GBP
25p ordinary		Sale		87,552		4.1975  GBP
25p ordinary		Sale		44,982		4.1962  GBP
25p ordinary		Sale		41,384		4.1936  GBP
25p ordinary		Sale		33,752		4.1894  GBP
25p ordinary		Sale		31,063		4.1957  GBP
25p ordinary		Sale		30,447		4.1893  GBP
25p ordinary		Sale		22,276		4.1911  GBP
25p ordinary		Sale		21,201		4.1879  GBP
25p ordinary		Sale		17,894		4.1974  GBP
25p ordinary		Sale		17,382		4.1938  GBP
25p ordinary		Sale		13,971		4.1965  GBP
25p ordinary		Sale		13,965		4.1942  GBP
25p ordinary		Sale		11,308		4.1948  GBP
25p ordinary		Sale		8,441		4.1999  GBP
25p ordinary		Sale		6,941		4.1986  GBP
25p ordinary		Sale		6,372		4.1960  GBP
25p ordinary		Sale		6,297		4.2020  GBP
25p ordinary		Sale		6,249		4.2000  GBP
25p ordinary		Sale		5,347		4.1980  GBP
25p ordinary		Sale		5,306		4.1969  GBP
25p ordinary		Sale		4,481		4.1887  GBP
25p ordinary		Sale		4,225		4.2034  GBP
25p ordinary		Sale		3,814		4.1816  GBP
25p ordinary		Sale		3,355		4.1940  GBP
25p ordinary		Sale		2,633		4.2023  GBP
25p ordinary		Sale		2,603		4.1820  GBP
25p ordinary		Sale		2,426		4.2001  GBP
25p ordinary		Sale		2,205		4.2017  GBP
25p ordinary		Sale		2,091		4.1973  GBP
25p ordinary		Sale		1,980		4.2120  GBP
25p ordinary		Sale		1,882		4.1840  GBP
25p ordinary		Sale		1,684		4.2014  GBP
25p ordinary		Sale		1,625		4.1943  GBP
25p ordinary		Sale		1,555		4.1950  GBP
25p ordinary		Sale		1,446		4.2100  GBP
25p ordinary		Sale		1,406		4.1955  GBP
25p ordinary		Sale		1,278		4.2030  GBP
25p ordinary		Sale		1,268		4.1964  GBP
25p ordinary		Sale		1,253		4.1990  GBP
25p ordinary		Sale		1,237		4.1780  GBP
25p ordinary		Sale		1,143		4.1970  GBP
25p ordinary		Sale		1,114		4.1920  GBP
25p ordinary		Sale		776		4.2060  GBP
25p ordinary		Sale		748		4.1800  GBP
25p ordinary		Sale		678		4.2160  GBP
25p ordinary		Sale		604		4.2140  GBP
25p ordinary		Sale		550		4.1860  GBP
25p ordinary		Sale		393		4.1830  GBP
25p ordinary		Sale		383		4.1880  GBP
25p ordinary		Sale		380		4.1810  GBP
25p ordinary		Sale		362		4.1850  GBP
25p ordinary		Sale		261		4.1994  GBP
25p ordinary		Sale		194		4.1870  GBP
25p ordinary		Sale		189		4.2110  GBP
25p ordinary		Sale		186		4.2080  GBP
25p ordinary		Sale		178		4.2040  GBP
25p ordinary		Sale		171		4.1910  GBP
25p ordinary		Sale		8		4.1790  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		21,201	4.1879  GBP
25p ordinary		SWAP		Increasing Long		210,540	4.1890  GBP
25p ordinary		SWAP		Increasing Long		30,447	4.1893  GBP
25p ordinary		SWAP		Increasing Long		275,779	4.1900  GBP
25p ordinary		SWAP		Increasing Long		22,276	4.1911  GBP
25p ordinary		SWAP		Increasing Long		9,565	4.1919  GBP
25p ordinary		SWAP		Increasing Long		1,853	4.1922  GBP
25p ordinary		SWAP		Increasing Long		133,512	4.1925  GBP
25p ordinary		SWAP		Increasing Long		2,200	4.1926  GBP
25p ordinary		SWAP		Increasing Long		13,965	4.1942  GBP
25p ordinary		SWAP		Increasing Long		11,631	4.1944  GBP
25p ordinary		SWAP		Increasing Long		10,151	4.1952  GBP
25p ordinary		SWAP		Increasing Long		13,513	4.1959  GBP
25p ordinary		SWAP		Increasing Long		44,982	4.1962  GBP
25p ordinary		SWAP		Increasing Long		11,482	4.1964  GBP
25p ordinary		SWAP		Increasing Long		87,552	4.1975  GBP
25p ordinary		SWAP		Increasing Long		1,666	4.1981  GBP
25p ordinary		SWAP		Increasing Long		14,738	4.1985  GBP
25p ordinary		SWAP		Increasing Long		2,443	4.1988  GBP
25p ordinary		SWAP		Increasing Long		1,552	4.1994  GBP
25p ordinary		SWAP		Increasing Long		2,633	4.2023  GBP
25p ordinary		SWAP		Increasing Long		1,278	4.2030  GBP
25p ordinary		SWAP		Decreasing Long		12,300	4.1747  GBP
25p ordinary		SWAP		Decreasing Long		2,659	4.1800  GBP
25p ordinary		SWAP		Decreasing Long		294	4.1809  GBP
25p ordinary		SWAP		Decreasing Long		5,000	4.1848  GBP
25p ordinary		SWAP		Decreasing Long		9,630	4.1900  GBP
25p ordinary		SWAP		Decreasing Long		49,796	4.1903  GBP
25p ordinary		SWAP		Decreasing Long		604	4.1904  GBP
25p ordinary		SWAP		Decreasing Long		71,457	4.1913  GBP
25p ordinary		SWAP		Decreasing Long		619	4.1916  GBP
25p ordinary		SWAP		Decreasing Long		3,668	4.1938  GBP
25p ordinary		SWAP		Decreasing Long		4,000	4.1948  GBP
25p ordinary		SWAP		Decreasing Long		1,457	4.1951  GBP
25p ordinary		SWAP		Decreasing Long		26,127	4.1956  GBP
25p ordinary		SWAP		Decreasing Long		4,164	4.1963  GBP
25p ordinary		SWAP		Decreasing Long		4,164	4.1971  GBP
25p ordinary		SWAP		Decreasing Long		91	4.1983  GBP
25p ordinary		SWAP		Decreasing Long		1,393	4.2015  GBP
25p ordinary		SWAP		Decreasing Long		203,477	4.2060  GBP
25p ordinary		SWAP		Decreasing Long		21,864	4.2066  GBP
25p ordinary		SWAP		Decreasing Long		8,665	4.2068  GBP
25p ordinary		SWAP		Decreasing Long		912	4.2073  GBP
25p ordinary		SWAP		Decreasing Long		90,000	4.2142  GBP
25p ordinary		CFD		Increasing Long		1,745	4.1898  GBP
25p ordinary		CFD		Increasing Long		49,036	4.1900  GBP
25p ordinary		CFD		Increasing Long		6,941	4.1986  GBP
25p ordinary		CFD		Increasing Long		9,974	4.2027  GBP
25p ordinary		CFD		Decreasing Long		1,009	4.1900  GBP
25p ordinary		CFD		Decreasing Long		11,972	4.2043  GBP
25p ordinary		CFD		Decreasing Long		42,996	4.2119  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:				23 Feb 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END