Form 8.5 EPT/NON-RI LondonMetric & Schroder REIT

Barclays PLC

19 August 2026

 

FORM 8.5 (EPT/NON-RI)
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN
EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS
(OR WHERE RI STATUS IS NOT APPLICABLE)
Rule 8.5 of the Takeover Code (the "Code")
1.	KEY INFORMATION
(a)	Name of exempt principal trader:			BARCLAYS CAPITAL SECURITIES LTD
(b)	Name of offeror/offeree in relation to whose  relevant securities this form relates:			A CONSORTIUM COMPRISING LONDONMETRIC PROPERTY PLC AND SCHRODER REAL ESTATE INVESTMENT TRUST LIMITED
(c)	Name of the party to the offer with which exempt  principal trader is connected			A CONSORTIUM COMPRISING LONDONMETRIC PROPERTY PLC AND SCHRODER REAL ESTATE INVESTMENT TRUST LIMITED
(d)	Date position held/dealing undertaken:			18 Aug 2026
(e)	In addition to the company in 1(b) above, is the exempt principal  trader making disclosures in respect of any other party to the offer?			YES:  PICTON PROPERTY INCOME LIMITED
2.	POSITIONS OF THE EXEMPT PRINCIPAL TRADER
(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:				Schroder Real Estate Investment Trust Limited ordinary NPV
				Interests		Short Positions
				Number	(%)	Number	(%)
(1) Relevant securities owned and/or controlled:				1,719,980	0.35%	1,927,371	0.39%
(2) Cash-settled derivatives:				1,922,833	0.39%	1,699,877	0.35%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				3,642,813	0.74%	3,627,248	0.74%
Class of relevant security:				LondonMetric Property plc 10p ordinary
				Interests		Short Positions
				Number	(%)	Number	(%)
(1) Relevant securities owned and/or controlled:				18,785,669	0.80%	5,447,268	0.23%
(2) Cash-settled derivatives:				5,911,294	0.25%	13,520,036	0.58%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				24,696,963	1.05%	18,967,304	0.81%
(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 EXEMPT PRINCIPAL TRADER
(a)	Purchase and sales
Class of relevant  security	Purchase/sale	Total number of  securities	Highest price per unit  paid/received	Lowest price per unit  paid/received
Schroder Real Estate Investment Trust Limited ordinary NPV	Purchase	316676	0.4535  GBP	0.4470  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Sale	281821	0.4535  GBP	0.4475  GBP
LondonMetric Property plc 10p ordinary	Purchase	1840810	1.9095  GBP	1.8910  GBP
LondonMetric Property plc 10p ordinary	Sale	1219784	1.9099  GBP	1.8921  GBP
(b)	Cash-settled derivative transactions
Class of  relevant  security	Product  description	Nature of dealing	Number of  reference  securities	Price per  unit
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	12	0.4498  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	4,470	0.4470  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	35	0.4483  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Long	2,000	0.4504  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Short	1	0.4500  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Long	5,916	0.4502  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	3,985	0.4470  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	32,226	0.4470  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	3,273	0.4485  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	3,067	0.4495  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	1,361	0.4485  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	3,283	0.4500  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	12	1.9047  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	1,344	1.9032  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	2,007	1.9017  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	486	1.9029  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	19,630	1.9015  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	569	1.9004  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	32,127	1.9022  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	5,585	1.9015  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	72,960	1.8930  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	60,465	1.8935  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	85,464	1.8929  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	147,992	1.9032  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	46,405	1.9020  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	33,900	1.8917  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Short	7,257	1.9017  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	59	1.9006  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	8,741	1.8934  USD
LondonMetric Property plc 10p ordinary	SWAP	Opening Long	25,385	1.9054  GBP
LondonMetric Property plc 10p ordinary	SWAP	Opening Short	2,752	1.8943  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	11,610	1.8942  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	34	1.9047  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	4	1.8925  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	59	1.9047  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	6,033	1.8943  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	167	1.8957  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	7,584	1.9013  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	500	1.9026  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	407	1.9031  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	1,740	1.8983  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	71,664	1.9001  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	17,700	1.9038  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	507	1.8942  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	46,145	1.8929  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	9	1.9099  GBP
LondonMetric Property plc 10p ordinary	SWAP	Closing Long	25,385	1.8930  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	118	1.8957  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	340	1.8957  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	82,062	1.8936  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	7,746	1.8966  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	13,708	1.8931  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	569	1.8930  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	21	1.9020  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	2,413	1.9024  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	132,256	1.8930  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	376	1.8956  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	34,929	1.9028  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	61,784	1.8993  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	5,509	1.9028  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	5,539	1.9050  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	243,825	1.9006  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	145	1.8930  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	489,952	1.9010  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	23,090	1.9032  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	1,111	1.8990  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	25,893	1.8988  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	451,186	1.9005  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	55,274	1.8957  GBP
(c)	Stock-settled derivative transactions  (including options)
(i)	Writing, selling, purchasing or varying
Class  of  relevant  security	Product  description	Writing,  purchasing,  selling,  varying etc	Number  of  securities  to which  option  relates	Exercise  price  per unit	Type	Expiry  date	Option  money  paid/  received  per unit
(ii)	Exercising
Class of relevant  security	Product description	Exercising/ exercised against	Number of  securities	Exercise price per  unit
(d)	Other dealings (including subscribing for new securities)
Class of relevant  security	Nature of Dealings	Details	Price per unit (if  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 exempt principal trader 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 Aug 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

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