Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC
20 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:

19 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:

LondonMetric Property plc 10p ordinary


Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

18,799,177

0.80%

5,387,339

0.23%

(2) Cash-settled derivatives:

5,859,056

0.25%

13,578,435

0.58%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

24,658,233

1.05%

18,965,774

0.81%

 








Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV


Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,733,584

0.35%

1,933,095

0.40%

(2) Cash-settled derivatives:

1,928,557

0.39%

1,713,481

0.35%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

3,662,141

0.75%

3,646,576

0.75%

 
























(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

947736

1.9042  GBP

1.8815  GBP

LondonMetric Property plc 10p ordinary

Sale

874299

1.9042  GBP

1.8822  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

175974

0.4507  GBP

0.4455  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

168094

0.4510  GBP

0.4490  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

36

1.8856  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

232

1.9041  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

4,751

1.8862  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

3,147

1.8853  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,763

1.8855  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

11,472

1.8883  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

679

1.8825  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

28,728

1.8878  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

309

1.8928  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

52,929

1.9040  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

302,000

1.9040  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

659

1.8840  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

33,264

1.9039  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

108,349

1.8842  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,655

1.9040  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

1,950

1.8841  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

18

1.8827  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

1,283

1.8828  GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

1,799

1.9042  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

17

1.8840  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

12,930

1.9043  USD

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

866

1.9042  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,302

1.9042  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

44

1.8856  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,637

1.9042  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

116

1.8856  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,700

1.9034  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,100

1.9042  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

33,699

1.8839  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,300

1.8835  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

171

1.8956  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

16,030

1.9029  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

45,005

1.8844  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

49,851

1.9041  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

409

1.9040  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

1,950

1.9038  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

3,771

1.8856  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

32,122

1.8947  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

9

1.8839  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

209

1.9015  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

573

1.8875  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

2,288

1.8875  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

10,120

1.8871  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

17,168

1.9014  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

46,586

1.9040  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

83

1.8877  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

300

1.8840  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

55,869

1.9030  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,884

1.8815  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

139

1.9040  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

10,233

1.8860  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

13,254

1.8876  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

923

1.8972  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

148

1.9040  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,220

1.8855  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

7,241

1.9040  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

16,990

1.8820  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

3,166

1.8885  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

8,334

1.8849  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

129,297

1.8835  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

11,644

1.8901  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

8

0.4495  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

1,217

0.4454  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

23

0.4485  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

2,000

0.4484  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

3,724

0.4511  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

4,936

0.4455  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

13,634

0.4455  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

3,780

0.4490  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:

20 Aug 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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