Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC

26 March 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:			25 Mar 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:				LondonMetric Property plc 10p ordinary
				Interests		Short Positions
				Number	(%)	Number	(%)
(1) Relevant securities owned and/or controlled:				11,784,596	0.50%	8,346,941	0.36%
(2) Cash-settled derivatives:				9,509,802	0.41%	9,552,930	0.41%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				21,294,398	0.91%	17,899,871	0.76%
Class of relevant security:				Schroder Real Estate Investment Trust Limited ordinary NPV
				Interests		Short Positions
				Number	(%)	Number	(%)
(1) Relevant securities owned and/or controlled:				1,396,170	0.29%	195,961	0.04%
(2) Cash-settled derivatives:				0	0.00%	1,270,655	0.26%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				1,396,170	0.29%	1,466,616	0.30%
(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
LondonMetric Property plc 10p ordinary	Purchase	2853256	1.8366  GBP	1.8065  GBP
LondonMetric Property plc 10p ordinary	Sale	834795	1.8295  GBP	1.8126  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Purchase	78886	0.4806  GBP	0.4755  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Sale	59645	0.4834  GBP	0.4786  GBP
(b)	Cash-settled derivative transactions
Class of  relevant  security	Product  description	Nature of dealing	Number of  reference  securities	Price per  unit
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	54	1.8000  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	8,254	1.8126  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	41	1.8128  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	129,992	1.8130  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	72,413	1.8145  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	32,088	1.8184  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	88,221	1.8187  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	588	1.8190  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	238,586	1.8222  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	9,913	1.8226  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	12,381	1.8238  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	63,977	1.8260  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	1,398	1.8263  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	8,132	1.8295  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	827,288	1.8130  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	5,448	1.8131  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	6,185	1.8135  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	41,476	1.8139  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	78,267	1.8154  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	32,452	1.8156  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	88,589	1.8161  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	48,622	1.8189  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	13,433	1.8190  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	32,001	1.8191  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	10,840	1.8212  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	254,577	1.8213  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	52	1.8217  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	2,515	1.8235  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	49,123	1.8260  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	40,094	1.8263  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	300	1.8270  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	4	1.8311  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	4,793	1.8328  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	8,584	0.4815  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	9,591	0.4755  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	1,849	0.4775  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	4,432	0.4797  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	4,328	0.4800  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Short	6,410	0.4796  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Short	47,435	0.4834  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Short	30,179	0.4755  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Short	2,280	0.4806  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	164,931	1.8147  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	1	1.8200  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	24,914	1.8213  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	3,860	1.8308  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	280,963	1.8130  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	5,116	1.8131  GBP
LondonMetric Property plc 10p ordinary	CFD	Opening Short	329,862	1.8147  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Short	12,457	1.8213  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Short	7,720	1.8308  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:				26 Mar 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

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