Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC

31 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:			30 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:				10,776,723	0.46%	8,345,392	0.36%
(2) Cash-settled derivatives:				8,902,527	0.38%	8,447,956	0.36%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				19,679,250	0.84%	16,793,348	0.72%
Class of relevant security:				Schroder Real Estate Investment Trust Limited ordinary NPV
				Interests		Short Positions
				Number	(%)	Number	(%)
(1) Relevant securities owned and/or controlled:				1,619,224	0.33%	204,280	0.04%
(2) Cash-settled derivatives:				0	0.00%	1,363,094	0.28%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				1,619,224	0.33%	1,567,374	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	1374327	1.8040  GBP	1.7800  GBP
LondonMetric Property plc 10p ordinary	Sale	2392099	1.8041  GBP	1.7800  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Purchase	158350	0.4630  GBP	0.4525  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Sale	53826	0.4630  GBP	0.4537  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	83	1.7831  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	7,703	1.7835  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	1,404	1.7839  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	90	1.7841  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	14,495	1.7853  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	7,220	1.7865  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	7,553	1.7869  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	5,517	1.7870  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	68	1.7874  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	7,393	1.7878  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	97,103	1.7885  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	4	1.7887  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	18,448	1.7895  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	14,569	1.7898  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	97,790	1.7899  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	151	1.7903  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	3,691	1.7910  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	86	1.7919  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	5,190	1.7940  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	18,352	1.7943  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	40,264	1.7946  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	10	1.7956  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	74	1.7965  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	38,232	1.8020  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	34,354	1.8036  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	167,802	1.8038  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	64,833	1.8039  GBP
LondonMetric Property plc 10p ordinary	SWAP	Opening Long	758,935	1.8040  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	8,635	1.7874  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	19,150	1.7883  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	2,799	1.7899  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	37,189	1.7900  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	76,482	1.7914  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	18,838	1.7946  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	9,557	1.7948  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	2,426	1.8000  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	20,050	1.8021  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	115,517	1.8037  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	45,670	1.8040  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	9,511	1.8041  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	2,003	0.4540  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	575	0.4610  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	3,286	0.4525  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	8	0.4580  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	3	0.4596  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	6	0.4610  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Short	1,419	0.4579  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	15,796	1.7881  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	405	1.7885  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	35,936	1.7997  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	40,486	1.7911  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	33,152	1.8039  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:				31 Mar 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

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