Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC

08 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:			07 Apr 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:				10,731,868	0.46%	12,015,051	0.51%
(2) Cash-settled derivatives:				12,463,519	0.53%	7,806,385	0.33%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				23,195,387	0.99%	19,821,436	0.84%
Class of relevant security:				Schroder Real Estate Investment Trust Limited ordinary NPV
				Interests		Short Positions
				Number	(%)	Number	(%)
(1) Relevant securities owned and/or controlled:				1,558,853	0.32%	203,637	0.04%
(2) Cash-settled derivatives:				29,787	0.00%	1,406,302	0.29%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				1,588,640	0.32%	1,609,939	0.33%
(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	1795739	1.8790  GBP	1.8490  GBP
LondonMetric Property plc 10p ordinary	Sale	1512082	1.8760  GBP	1.8490  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Purchase	107801	0.4832  GBP	0.4741  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Sale	85598	0.4846  GBP	0.4735  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	104,048	1.8490  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	81,930	1.8492  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	4,693	1.8524  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	14,152	1.8552  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	18,899	1.8571  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	3,547	1.8586  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	795	1.8592  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	120	1.8598  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	346	1.8601  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	111,445	1.8618  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	334	1.8619  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	34	1.8620  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	43,210	1.8625  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	4,964	1.8628  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	38,220	1.8634  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	12,066	1.8652  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	12,030	1.8658  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	13,600	1.8680  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	8,539	1.8708  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	7,708	1.8716  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	58,956	1.8490  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	3,960	1.8493  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	35,853	1.8508  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	5,291	1.8588  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	6,934	1.8632  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	1,559	1.8674  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	1,568	1.8692  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	5,686	1.8718  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	5,396	1.8757  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	1,017,496	1.8760  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	3,734	0.4785  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	5,826	0.4775  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	404	0.4812  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	425	0.4826  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:				08 Apr 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

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