Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC

01 July 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:			30 Jun 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:				16,993,427	0.72%	9,156,871	0.39%
(2) Cash-settled derivatives:				10,851,055	0.46%	13,333,123	0.57%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				27,844,482	1.19%	22,489,994	0.96%
Class of relevant security:				Schroder Real Estate Investment Trust Limited ordinary NPV
				Interests		Short Positions
				Number	(%)	Number	(%)
(1) Relevant securities owned and/or controlled:				1,709,231	0.35%	432,866	0.09%
(2) Cash-settled derivatives:				162,141	0.03%	1,268,055	0.26%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				1,871,372	0.38%	1,700,921	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	2465279	1.8965  GBP	1.8780  GBP
LondonMetric Property plc 10p ordinary	Sale	1,778,721	1.8970  GBP	1.8810  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Purchase	51341	0.4610  GBP	0.4580  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Sale	47402	0.4610  GBP	0.4588  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 Short	780	1.8941  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	5,418	1.8854  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	13,899	1.8928  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	17,229	1.8882  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	36,368	1.8851  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	61,046	1.8830  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	244,438	1.8830  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	10,100	1.8830  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	28,828	1.8830  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	240	1.8828  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	63,078	1.8830  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	1	1.8900  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Short	211,620	1.8870  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	64,758	1.8979  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	101,147	1.8827  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	19,065	1.8854  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	3,281	1.8854  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	1,048	1.8854  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	595,620	1.8832  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	104,421	1.8827  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	228	1.8941  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	31,025	1.8832  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	26,822	1.8827  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	51	1.8941  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	2,559	1.8827  GBP
LondonMetric Property plc 10p ordinary	SWAP	Opening Short	1,328	1.8833  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	4,193	1.8833  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	600	1.8811  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	24,132	1.8836  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	13,607	1.8839  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	66,567	1.8830  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	40,343	1.8932  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	1	1.8800  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	1,229	1.8833  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	1,020	1.8833  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	9,385	1.8830  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	450,671	1.8830  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	1,569	1.8948  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	1,647	1.8895  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	20,865	1.8882  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	7,871	1.8936  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	8,868	1.8858  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	28,625	1.8854  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	24,129	1.8815  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	2,055	1.8840  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	123,646	1.8830  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	21,883	1.8902  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	39,668	1.8898  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	84,054	1.8843  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	5,840	0.4605  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	6,025	0.4605  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Short	384	0.4614  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Long	546	0.4597  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Long	16,333	0.4610  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Long	901	0.4592  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Long	8,436	0.4605  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:				01 Jul 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

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