Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC
15 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:

14 Jul 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:

15,582,832

0.66%

9,069,255

0.39%

(2) Cash-settled derivatives:

10,475,398

0.45%

12,782,273

0.54%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell: 

0

0.00%

0

0.00%

 

 TOTAL:

 

26,058,230

1.11%

21,851,528

0.93%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV


Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,420,201

0.29%

83,981

0.02%

(2) Cash-settled derivatives:

83,939

0.02%

1,335,127

0.27%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell: 

0

0.00%

0

0.00%

 

 TOTAL:

 

1,504,140

0.31%

1,419,108

0.29%

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

567595

1.8913  GBP

1.8560  GBP

LondonMetric Property plc 10p ordinary

Sale

3336494

1.8920  GBP

1.8556  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

22294

0.4603  GBP

0.4558  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

49544

0.4596  GBP

0.4558  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

79,965

1.8644  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

19,790

1.8716  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

720

1.8835  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

71,777

1.8910  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

4,355

1.8910  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,945

1.8884  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

49,002

1.8896  GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

1

1.8900  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

38,035

1.8706  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

138

1.8910  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

3,309

1.8681  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

22

1.8854  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

2,601

1.8843  GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Long

2,873

1.8838  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

51,096

1.8860  GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Long

1,602,642

1.8910  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

7,351

1.8833  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

617

1.8913  USD

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,062

1.8884  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

27,470

1.8857  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

13,200

1.8842  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,540

1.8912  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

35,153

1.8862  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

3

1.8908  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,388

1.8907  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

6,649

1.8862  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

5,466

1.8862  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,612

1.8863  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

200

1.8860  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

100

1.8870  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

5,734

1.8836  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,197

1.8633  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

502,029

1.8910  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

32,900

1.8866  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

3,309

1.8908  GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Long

2,873

1.8882  GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Short

3,624

1.8882  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

12,205

1.8824  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

910

1.8913  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

9,698

1.8780  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

105,380

1.8910  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

8,795

1.8770  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

50

1.8910  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,474

1.8637  GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Long

10,031

1.8910  GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Short

42,476

1.8910  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

71,761

1.8908  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,409

1.8610  GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Short

42,476

1.8731  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

8,243

1.8656  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

33,046

1.8839  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

18,293

1.8883  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

80,485

1.8867  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

8,142

1.8707  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,484

1.8678  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

39,303

1.8807  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

213,986

1.8817  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

1,441

0.4605  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Opening Short

1,816

0.4605  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

1,513

0.4605  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

1,971

0.4579  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

1,462

0.4593  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

3,501

0.4591  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

20,000

0.4596  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:

15 Jul 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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