Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC

22 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:				21 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:				LondonMetric Property plc 10p ordinary
				Interests		Short Positions
				Number	(%)	Number	(%)
(1)	Relevant securities owned
	and/or controlled:			10,683,565	0.46%	5,565,418	0.24%
(2)	Cash-settled derivatives:
	and/or controlled:			6,366,683	0.27%	7,519,519	0.32%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%
	TOTAL:			17,050,248	0.73%	13,084,937	0.56%
Class of relevant security:				Schroder Real Estate Investment Trust Limited ordinary NPV
				Interests		Short Positions
				Number	(%)	Number	(%)
(1)	Relevant securities owned
	and/or controlled:			1,520,719	0.31%	587,140	0.12%
(2)	Cash-settled derivatives:
	and/or controlled:			59,221	0.01%	1,075,985	0.22%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%
	TOTAL:			1,579,940	0.32%	1,663,125	0.34%
(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
LondonMetric Property plc 10p ordinary		Purchase		1,920,556		1.8875  GBP	1.8635  GBP
LondonMetric Property plc 10p ordinary		Sale		2,050,210		1.8936  GBP	1.8644  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		Purchase		47,242		0.4785  GBP	0.4680  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		Sale		50,656		0.4785  GBP	0.4697  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		162	1.8689  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		650	1.8690  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		391,213	1.8710  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		1	1.8750  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		4,436	1.8766  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		45,194	1.8774  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		128,214	1.8779  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		12,201	1.8797  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		6,492	1.8804  GBP
LondonMetric Property plc 10p ordinary		SWAP		Opening Long		45,734	1.8810  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		122,089	1.8827  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		57,428	1.8836  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		60,254	1.8837  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		180,952	1.8839  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		239,519	1.8840  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		2,608	1.8900  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		4,816	1.8936  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		56,800	1.8635  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		71	1.8680  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		629	1.8709  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		91,970	1.8716  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		1,344	1.8758  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		229,041	1.8780  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		2,038	1.8800  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		2,264	1.8809  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		84,619	1.8811  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		194,253	1.8820  GBP
LondonMetric Property plc 10p ordinary		SWAP		Opening Short		32,738	1.8823  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		78,246	1.8827  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		3,475	1.8830  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		25,346	1.8832  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		4,685	1.8838  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		277,504	1.8840  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		39,354	1.8841  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		3,182	1.8863  GBP
LondonMetric Property plc 10p ordinary		CFD		Decreasing Short		13	1.8692  GBP
LondonMetric Property plc 10p ordinary		CFD		Decreasing Short		88	1.8838  GBP
LondonMetric Property plc 10p ordinary		CFD		Increasing Short		122,101	1.8765  GBP
LondonMetric Property plc 10p ordinary		CFD		Increasing Short		21,511	1.8787  GBP
LondonMetric Property plc 10p ordinary		CFD		Increasing Short		110,326	1.8832  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		83	0.4740  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		27	0.4747  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		4,120	0.4770  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		1,860	0.4785  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Increasing Short		620	0.4780  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Decreasing Short		76	0.4719  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Decreasing Short		27,489	0.4763  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Decreasing Short		10,306	0.4779  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Decreasing Short		988	0.4785  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Increasing Short		17,899	0.4680  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Increasing Short		145	0.4751  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Increasing Short		12,717	0.4780  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:				22 May 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

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