Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC

25 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:			22 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:				10,815,267	0.46%	6,517,284	0.28%
(2) Cash-settled derivatives:				7,290,373	0.31%	7,632,286	0.33%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				18,105,640	0.77%	14,149,570	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:				1,529,340	0.31%	555,105	0.11%
(2) Cash-settled derivatives:				36,001	0.01%	1,085,461	0.22%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				1,565,341	0.32%	1,640,566	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)	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	1902008	1.8965  GBP	1.8680  GBP
LondonMetric Property plc 10p ordinary	Sale	2722172	1.8965  GBP	1.8650  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Purchase	44857	0.4815  GBP	0.4805  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Sale	4201	0.4859  GBP	0.4814  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	64,359	1.8679  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	372,231	1.8680  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	3,725	1.8695  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	15,585	1.8711  GBP
LondonMetric Property plc 10p ordinary	SWAP	Opening Long	10,108	1.8736  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	6,548	1.8738  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	10,988	1.8740  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	141,743	1.8790  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	89,703	1.8793  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	39,370	1.8794  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	434,684	1.8800  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	69,339	1.8820  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	51,241	1.8826  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	7,598	1.8829  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	44,930	1.8843  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	33	1.8901  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	107	1.9030  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	45,547	1.8680  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	2,242	1.8682  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	13,278	1.8703  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	48	1.8708  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	17,300	1.8710  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	11,578	1.8712  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	1	1.8720  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	16,643	1.8758  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	100	1.8770  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	125,327	1.8790  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	743	1.8792  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	189,444	1.8793  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	720	1.8804  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	5,001	1.8814  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	6,801	1.8816  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	607	1.8845  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	3,688	0.4815  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	4,089	0.4814  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Short	69	0.4810  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Short	123	0.4859  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Short	19,034	0.4805  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Short	756	0.4814  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Short	12,697	0.4815  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Short	7,204	1.8679  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Short	114,690	1.8799  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Short	8,502	1.8899  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Short	1	1.9000  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:				25 May 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

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