Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC

30 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:			27 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:				11,227,465	0.48%	7,778,362	0.33%
(2) Cash-settled derivatives:				8,348,950	0.36%	8,918,468	0.38%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				19,576,415	0.84%	16,696,830	0.71%
Class of relevant security:				Schroder Real Estate Investment Trust Limited ordinary NPV
				Interests		Short Positions
				Number	(%)	Number	(%)
(1) Relevant securities owned and/or controlled:				1,518,203	0.31%	207,783	0.04%
(2) Cash-settled derivatives:				0	0.00%	1,363,788	0.28%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				1,518,203	0.31%	1,571,571	0.32%
(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	1270740	1.8120  GBP	1.7750  GBP
LondonMetric Property plc 10p ordinary	Sale	2216444	1.8120  GBP	1.7750  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Purchase	126087	0.4632  GBP	0.4554  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Sale	71367	0.4678  GBP	0.4550  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	Decreasing Short	2,001	1.7817  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	79,414	1.7830  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	178	1.7860  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	4,832	1.7866  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	266,204	1.7868  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	171	1.7871  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	24,470	1.7878  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	1	1.7880  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	66,149	1.7881  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	26,379	1.7886  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	85,159	1.7891  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	61,741	1.7893  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	4	1.7897  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	72,481	1.7900  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	41,906	1.7903  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	2,340	1.7906  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	37,824	1.7907  GBP
LondonMetric Property plc 10p ordinary	SWAP	Opening Long	817,846	1.7910  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	2,999	1.7917  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	160,960	1.8004  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	6,880	1.8006  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	13,094	1.7807  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	49,911	1.7811  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	10,837	1.7823  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	1,739	1.7829  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	63,883	1.7838  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	109,790	1.7845  GBP
LondonMetric Property plc 10p ordinary	SWAP	Opening Short	12,431	1.7848  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	233,163	1.7851  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	73,101	1.7855  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	6,216	1.7859  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	20,056	1.7868  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	128	1.7902  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	92,132	1.7910  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	680	1.7911  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	14,764	1.7912  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	2,395	1.7913  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	58,050	1.7919  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	602	1.7921  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	212,305	1.8004  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	1,214	1.8021  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	4,703	0.4566  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	2	0.4580  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	3,223	0.4585  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	3	0.4598  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	31,273	0.4600  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	7,735	0.4620  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Short	9,030	0.4590  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	37,347	1.7802  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	195,658	1.7910  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	7	1.7914  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	1,765	1.7918  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	2,480	1.8118  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	94,384	1.7842  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	13,554	1.7910  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	2,480	1.7911  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	235	1.8028  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:				30 Mar 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

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