Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC
12 August 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:

11 Aug 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:

Schroder Real Estate Investment Trust Limited ordinary NPV


Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,695,930

0.35%

1,895,873

0.39%

(2) Cash-settled derivatives:

1,894,095

0.39%

1,675,827

0.34%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

3,590,025

0.73%

3,571,700

0.73%

Class of relevant security:

LondonMetric Property plc 10p ordinary


Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

21,224,519

0.90%

5,693,816

0.24%

(2) Cash-settled derivatives:

6,536,776

0.28%

16,422,001

0.70%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

27,761,295

1.18%

22,115,817

0.94%

 








(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

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

76837

0.4490  GBP

0.4456  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

281594

0.4490  GBP

0.4445  GBP

LondonMetric Property plc 10p ordinary

Purchase

1076728

1.9380  GBP

1.9208  GBP

LondonMetric Property plc 10p ordinary

Sale

981661

1.9381  GBP

1.9210  GBP

 
















(b)

Cash-settled derivative transactions

Class of

 relevant

 security

Product  description

Nature of dealing

Number of

 reference

 securities

Price per

 unit

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

102

0.4469  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Opening Long

250,000

0.4459  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

305

0.4472  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

1,004

0.4474  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

4,191

0.4462  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Closing Short

3,125

0.4480  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

549

0.4490  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

3,626

0.4490  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

363

0.4465  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

6,566

0.4465  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

13,696

0.4462  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

14,376

0.4462  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

745

1.9323  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1

1.9329  GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

19,008

1.9286  GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

86,557

1.9286  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

590

1.9288  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

726

1.9311  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

27,222

1.9300  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,742

1.9300  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

50,019

1.9305  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

221

1.9230  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

92,023

1.9299  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

60,503

1.9293  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,109

1.9249  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

7,670

1.9298  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

16,753

1.9299  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

7,248

1.9296  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

14

1.9225  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

6,207

1.9306  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

44

1.9306  GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

22

1.9306  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

19,815

1.9302  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,015

1.9330  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

30,784

1.9297  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

50

1.9323  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,308

1.9302  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

4,281

1.9302  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,288

1.9323  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

608

1.9330  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,134

1.9311  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,258

1.9297  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

375

1.9302  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,928

1.9303  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

14,751

1.9303  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

552

1.9256  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

6,715

1.9265  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

25,249

1.9268  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

4,431

1.9291  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

21,415

1.9294  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

59,692

1.9300  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

52,497

1.9301  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

20,316

1.9300  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

2,222

1.9224  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,354

1.9299  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

66

1.9256  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

872

1.9256  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

634

1.9325  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

2,543

1.9325  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

7,668

1.9322  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

29,460

1.9299  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

63,113

1.9300  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3

1.9250  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

41

1.9300  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

200

1.9305  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

419

1.9250  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

442

1.9300  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1

1.9229  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

45,512

1.9301  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

712

1.9337  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,120

1.9270  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

149,465

1.9302  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

6,726

1.9300  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

483

1.9309  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

43,490

1.9300  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

620

1.9353  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

8,210

1.9267  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

31,229

1.9320  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

28,904

1.9303  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

82,484

1.9328  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:

12 Aug 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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