Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC

20 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:			19 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:				11,032,040	0.47%	6,291,554	0.27%
(2) Cash-settled derivatives:				7,243,372	0.31%	7,809,774	0.33%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				18,275,412	0.78%	14,101,328	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:				1,537,150	0.31%	639,979	0.13%
(2) Cash-settled derivatives:				80,098	0.02%	1,084,698	0.22%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				1,617,248	0.33%	1,724,677	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	946819	1.8664  GBP	1.8471  GBP
LondonMetric Property plc 10p ordinary	Sale	1099855	1.8660  GBP	1.8490  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Purchase	103937	0.4779  GBP	0.4626  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Sale	73274	0.4771  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	Decreasing Short	7,966	1.8496  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	12,095	1.8497  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	6,311	1.8498  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	107,322	1.8500  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	4,898	1.8506  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	8,192	1.8516  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	9,469	1.8519  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	2,109	1.8521  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	283,313	1.8522  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	8,936	1.8537  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	16,018	1.8544  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	1,223	1.8570  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	2,832	1.8575  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	113,194	1.8581  GBP
LondonMetric Property plc 10p ordinary	SWAP	Opening Long	47,227	1.8587  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	407	1.8592  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	2,492	1.8599  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	3,412	1.8650  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	1,001	1.8471  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	14,090	1.8496  GBP
LondonMetric Property plc 10p ordinary	SWAP	Opening Short	49,936	1.8500  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	11,765	1.8501  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	20,530	1.8502  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	35,553	1.8504  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	3,214	1.8510  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	263	1.8525  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	7,768	1.8537  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	23,774	1.8549  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	102	1.8551  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	27,944	1.8555  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	22,850	1.8556  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	24,813	1.8586  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	2,057	1.8601  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	37,460	1.8612  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	84,235	1.8615  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	11,049	1.8630  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	30	0.4672  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	88	0.4697  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	544	0.4700  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	13,846	0.4700  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	5,715	0.4720  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	8,681	0.4721  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Short	5,411	0.4677  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Short	15,916	0.4699  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Short	1,844	0.4719  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Short	664	0.4739  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Short	18,592	0.4760  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Short	6,361	0.4700  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Short	32,005	0.4726  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Short	4,529	1.8468  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Short	2	1.8550  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Short	1,279	1.8628  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Short	4,794	1.8501  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Short	74,012	1.8510  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Short	27,985	1.8592  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:				20 May 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

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