Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Summary by AI BETAClose X

Barclays Capital Securities Ltd has disclosed its positions as an exempt principal trader concerning a consortium comprising LondonMetric Property Plc and Schroder Real Estate Investment Trust Limited, as well as Picton Property Income Limited, as of July 15, 2026. The firm holds 15,642,031 LondonMetric Property Plc ordinary shares (0.67%) and has short positions of 8,566,101 (0.36%), along with cash-settled derivatives representing 9,898,533 shares (0.42%) and short positions of 12,846,094 (0.55%). For Schroder Real Estate Investment Trust Limited, Barclays holds 1,450,858 ordinary shares (0.30%) with short positions of 91,461 (0.02%), and cash-settled derivatives representing 91,461 shares (0.02%) with short positions of 1,372,940 (0.28%). The disclosure also details various purchase and sale transactions, as well as cash-settled derivative dealings, for both entities on July 15, 2026.

Disclaimer*

Barclays PLC
16 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:

15 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:

15,642,031

0.67%

8,566,101

0.36%

(2) Cash-settled derivatives:

9,898,533

0.42%

12,846,094

0.55%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

25,540,564

1.09%

21,412,195

0.91%

 








Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV


Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,450,858

0.30%

91,461

0.02%

(2) Cash-settled derivatives:

91,461

0.02%

1,372,940

0.28%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

1,542,319

0.32%

1,464,401

0.30%

 
















(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

1122695

1.8925  GBP

1.8774  GBP

LondonMetric Property plc 10p ordinary

Sale

560342

1.8910  GBP

1.8760  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

68857

0.4600  GBP

0.4560  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

45680

0.4622  GBP

0.4560  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

4

1.8851  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

6,500

1.8821  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

15,874

1.8827  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

271

1.8839  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

12,516

1.8850  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

182

1.8850  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,945

1.8838  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

59

1.8880  GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

502,030

1.8850  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

7,700

1.8772  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

5,310

1.8853  GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Long

45,132

1.8924  GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Short

253

1.8924  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

5,058

1.8833  GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Short

3,624

1.8797  GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Long

2,110

1.8797  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

5,700

1.8850  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

6,339

1.8821  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,336

1.8853  USD

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,062

1.8838  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,274

1.8852  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

77

1.8851  GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

647

1.8870  GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

3,218

1.8857  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

664

1.8850  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

55,353

1.8817  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

100

1.8810  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

147

1.8833  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,553

1.8863  GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Long

2,110

1.8840  GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Short

28,450

1.8840  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

31,930

1.8879  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

25

1.8831  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

9,917

1.8846  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

63,837

1.8850  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

33,669

1.8804  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

4,283

1.8828  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

19,898

1.8883  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

71,428

1.8843  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

6,579

1.8830  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

5,942

1.8760  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

18,883

1.8850  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

22,202

1.8849  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

35,338

1.8871  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

22,531

1.8850  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

5,149

1.8834  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

17,922

1.8891  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

8,550

1.8782  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

51,096

1.8862  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

66,583

1.8840  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

16,926

0.4560  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

20,887

0.4560  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

259

0.4583  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

78

0.4570  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

2,783

0.4600  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

10,486

0.4622  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:

16 Jul 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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Companies

Barclays (BARC)
LondonMetric Property (LMP)
Schroder Real Estate Investment Trust Ltd (SREI)
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