Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC

01 April 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:			31 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:				9,868,400	0.42%	9,749,407	0.42%
(2) Cash-settled derivatives:				10,350,586	0.44%	7,541,227	0.32%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				20,218,986	0.86%	17,290,634	0.74%
Class of relevant security:				Schroder Real Estate Investment Trust Limited ordinary NPV
				Interests		Short Positions
				Number	(%)	Number	(%)
(1) Relevant securities owned and/or controlled:				1,521,543	0.31%	176,355	0.04%
(2) Cash-settled derivatives:				0	0.00%	1,385,589	0.28%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				1,521,543	0.31%	1,561,944	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	1529486	1.8290  GBP	1.8100  GBP
LondonMetric Property plc 10p ordinary	Sale	3841824	1.8290  GBP	1.8070  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Purchase	108787	0.4802  GBP	0.4603  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Sale	178543	0.4830  GBP	0.4610  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	1,414	1.8146  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	1,216,799	1.8150  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	27,020	1.8152  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	195	1.8153  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	20,375	1.8161  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	11	1.8175  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	27,250	1.8186  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	5	1.8192  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	118,888	1.8197  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	49,478	1.8199  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	26	1.8200  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	4,177	1.8208  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	58,934	1.8212  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	157,918	1.8214  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	231,392	1.8219  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	66,600	1.8220  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	300,258	1.8221  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	12,525	1.8227  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	55,393	1.8228  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	115,699	1.8233  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	76	1.8070  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	2,755	1.8100  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	2,568	1.8130  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	123,481	1.8150  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	13,805	1.8151  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	20,120	1.8152  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	22,930	1.8163  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	169	1.8173  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	12,628	1.8190  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	11,974	1.8193  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	33,854	1.8206  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	100	1.8220  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	4,203	1.8221  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	3,200	1.8068  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	15,902	1.8210  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	22,339	1.8216  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	35,291	1.8232  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	97,876	1.8236  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	3,200	1.8151  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	32,314	1.8202  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	709	0.4790  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	1	0.4645  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	3	0.4653  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	11,996	0.4745  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	5	0.4754  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Short	6,468	0.4778  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Short	17,667	0.4745  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:				01 Apr 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END