Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC

14 May 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:			13 May 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:				10,568,568	0.45%	6,985,139	0.30%
(2) Cash-settled derivatives:				7,915,375	0.34%	7,082,041	0.30%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				18,483,943	0.79%	14,067,180	0.60%
Class of relevant security:				Schroder Real Estate Investment Trust Limited ordinary NPV
				Interests		Short Positions
				Number	(%)	Number	(%)
(1) Relevant securities owned and/or controlled:				1,550,847	0.32%	606,457	0.12%
(2) Cash-settled derivatives:				34,672	0.01%	1,108,945	0.23%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				1,585,519	0.32%	1,715,402	0.35%
(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	1459282	1.8492  GBP	1.8250  GBP
LondonMetric Property plc 10p ordinary	Sale	1864187	1.8490  GBP	1.8252  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Purchase	17483	0.4700  GBP	0.4650  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Sale	20469	0.4685  GBP	0.4651  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	141,087	1.8280  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	11,300	1.8293  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	8,479	1.8304  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	262,054	1.8306  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	238	1.8320  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	3,091	1.8322  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	65,262	1.8328  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	18,615	1.8340  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	29,377	1.8420  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	39,801	1.8455  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	21,514	1.8473  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	5,630	1.8475  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	165,319	1.8487  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	124,144	1.8489  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	420,983	1.8490  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	1,112	1.8250  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	5,465	1.8280  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	968	1.8289  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	2,893	1.8300  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	1,552	1.8312  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	50,666	1.8317  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	16,017	1.8327  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	5,802	1.8333  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	41,893	1.8335  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	154,428	1.8342  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	880	1.8365  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	1,030	1.8395  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	3,508	1.8397  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	23,621	1.8398  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	106,597	1.8404  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	1,503	1.8410  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	5,972	1.8431  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	43,757	1.8455  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	16,043	1.8456  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	18,034	1.8457  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	78,460	1.8485  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	292,294	1.8492  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	102	0.4681  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	1,450	0.4650  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	540	0.4677  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	1,114	0.4682  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	870	0.4700  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Short	8,591	0.4651  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Short	5,231	0.4660  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Short	3,048	0.4666  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Short	3,470	0.4700  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	12,265	1.8409  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	27,372	1.8488  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	1,844	1.8568  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	107,018	1.8292  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:				14 May 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

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