Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC

21 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				A CONSORTIUM COMPRISING LONDONMETRIC PROPERTY PLC AND SCHRODER REAL ESTATE INVESTMENT TRUST LIMITED
	relevant securities this form relates:
(c)	Name of the party to the offer with which exempt				A CONSORTIUM COMPRISING LONDONMETRIC PROPERTY PLC AND SCHRODER REAL ESTATE INVESTMENT TRUST LIMITED
	principal trader is connected
(d)	Date position held/dealing undertaken:				20 May 2026
(e)	In addition to the company in 1(b) above, is the exempt principal				YES:
	trader making disclosures in respect of any other party to the offer?				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:				Schroder Real Estate Investment Trust Limited ordinary NPV
				Interests		Short Positions
				Number	(%)	Number	(%)
(1)	Relevant securities owned
	and/or controlled:			1,538,855	0.31%	601,862	0.12%
(2)	Cash-settled derivatives:
	and/or controlled:			61,360	0.01%	1,091,692	0.22%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%
	TOTAL:			1,600,215	0.33%	1,693,554	0.35%
Class of relevant security:				LondonMetric Property plc 10p ordinary
				Interests		Short Positions
				Number	(%)	Number	(%)
(1)	Relevant securities owned
	and/or controlled:			10,907,518	0.47%	5,659,717	0.24%
(2)	Cash-settled derivatives:
	and/or controlled:			6,552,344	0.28%	7,625,747	0.33%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%
	TOTAL:			17,459,862	0.74%	13,285,464	0.57%
(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)	Purchases and sales
Class of relevant		Purchase/sale		Total number of		Highest price per unit	Lowest price per unit
security				securities		paid/received	paid/received
Schroder Real Estate Investment Trust Limited ordinary NPV		Purchase		57,852		0.4790  GBP	0.4650  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		Sale		18,030		0.4777  GBP	0.4650  GBP
LondonMetric Property plc 10p ordinary		Purchase		1,899,773		1.8785  GBP	1.8390  GBP
LondonMetric Property plc 10p ordinary		Sale		1,392,458		1.8817  GBP	1.8390  GBP
(b)	Cash-settled derivative transactions
Class of		Product		Nature of dealing		Number of	Price per
relevant		description				reference	unit
security						securities
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		136,261	1.8390  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		977	1.8469  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		6,630	1.8511  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		139	1.8518  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		4,715	1.8557  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		21,854	1.8573  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		34,767	1.8579  GBP
LondonMetric Property plc 10p ordinary		SWAP		Opening Long		150,614	1.8589  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		14,490	1.8637  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		107,658	1.8687  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		4,820	1.8716  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		42,057	1.8717  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		101,394	1.8719  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		197,547	1.8720  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		9,423	1.8728  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		8,827	1.8734  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		2,461	1.8750  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		10,260	1.8751  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		56,319	1.8817  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		68,156	1.8390  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		2,692	1.8440  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		52,800	1.8467  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		564	1.8499  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		12,723	1.8510  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		114,772	1.8529  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		14,038	1.8551  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		21,367	1.8556  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		1,333	1.8561  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		210,915	1.8572  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		13,657	1.8580  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		1,181	1.8598  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		23,072	1.8603  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		17,949	1.8617  GBP
LondonMetric Property plc 10p ordinary		SWAP		Opening Short		12,993	1.8621  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		3,437	1.8635  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		25,959	1.8640  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		31	1.8648  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		52,437	1.8689  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		3,525	1.8717  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		91,201	1.8718  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		388,116	1.8720  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		65,600	1.8721  GBP
LondonMetric Property plc 10p ordinary		CFD		Decreasing Short		1	1.8400  GBP
LondonMetric Property plc 10p ordinary		CFD		Increasing Short		97,766	1.8597  GBP
LondonMetric Property plc 10p ordinary		CFD		Increasing Short		50,633	1.8721  GBP
LondonMetric Property plc 10p ordinary		CFD		Increasing Short		71,298	1.8746  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		80	0.4717  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		27	0.4720  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		1,645	0.4790  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Increasing Short		5,143	0.4745  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Increasing Short		3,603	0.4790  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Decreasing Short		12,201	0.4728  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Increasing Short		4,789	0.4658  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Increasing Short		788	0.4789  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Increasing Short		25,362	0.4790  GBP
(c)	Stock-settled derivative transactions (including options)
(i)	Writing, selling, purchasing or varying
Class	Product	Writing,	Number	Exercise	Type	Expiry	Option
of	description	purchasing,	of	price		date	money
relevant		selling,	securities	per unit			paid/
security		varying etc	to which				received
			option				per unit
			relates
(ii)	Exercising
Class of relevant		Product description		Exercising/ exercised against		Number of	Exercise price per
security						securities	unit
(d)	Other dealings (including subscribing for new securities)
Class of relevant		Nature of Dealings		Details		Price per unit (if
security						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:				21 May 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

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