Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC

21 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:			20 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:				18,851,963	0.80%	5,312,314	0.23%
(2) Cash-settled derivatives:				5,799,078	0.25%	13,635,388	0.58%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				24,651,041	1.05%	18,947,702	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:				1,774,448	0.36%	1,937,842	0.40%
(2) Cash-settled derivatives:				1,933,304	0.40%	1,754,345	0.36%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				3,707,752	0.76%	3,692,187	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	733039	1.9133  GBP	1.8980  GBP
LondonMetric Property plc 10p ordinary	Sale	605228	1.9150  GBP	1.8990  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Purchase	192733	0.4434  GBP	0.4340  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Sale	156616	0.4415  GBP	0.4364  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	101	1.9101  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	187	1.9051  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	2,324	1.9056  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	1,421	1.9057  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	1,338	1.9079  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	196	1.9068  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	24,908	1.9063  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	25,807	1.9054  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	601	1.9050  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	44,285	1.9080  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	194	1.9079  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	6	1.9120  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	39,267	1.9080  GBP
LondonMetric Property plc 10p ordinary	SWAP	Closing Short	65,530	1.9079  GBP
LondonMetric Property plc 10p ordinary	SWAP	Opening Long	13,809	1.9079  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	64,344	1.9065  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	6,533	1.9080  GBP
LondonMetric Property plc 10p ordinary	CFD	Closing Short	2,858	1.9078  GBP
LondonMetric Property plc 10p ordinary	CFD	Opening Long	732	1.9078  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	23	1.9008  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Short	19,859	1.9052  GBP
LondonMetric Property plc 10p ordinary	CFD	Opening Long	4,736	1.9077  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	52	1.9090  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	16	1.9100  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	41	1.9102  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	1,187	1.9056  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	3,005	1.9073  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	2,637	1.9075  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	920	1.9075  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	200	1.9110  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	517	1.9124  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	8	1.9110  GBP
LondonMetric Property plc 10p ordinary	SWAP	Closing Long	13,809	1.9060  GBP
LondonMetric Property plc 10p ordinary	SWAP	Opening Short	29,234	1.9060  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	54,056	1.9081  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	1,459	1.9030  GBP
LondonMetric Property plc 10p ordinary	CFD	Closing Long	732	1.9081  GBP
LondonMetric Property plc 10p ordinary	CFD	Opening Short	2,858	1.9081  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Short	10,976	1.8998  GBP
LondonMetric Property plc 10p ordinary	CFD	Closing Long	4,736	1.9133  GBP
LondonMetric Property plc 10p ordinary	CFD	Opening Short	8,618	1.9133  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	68	1.8997  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	48,625	1.9079  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	4,173	1.9068  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	33,217	1.9080  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Short	720	1.9030  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	3	1.9079  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	4,978	1.9080  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	5,702	1.8980  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Short	1,209	1.9017  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	87	1.9109  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	4,616	1.9067  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	7,828	1.9100  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	47	1.9090  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	29,192	1.9079  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	4,771	1.8990  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	366	1.9080  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	6,559	1.9140  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	1,425	1.9020  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	5,628	1.9008  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	3,739	1.9006  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	305	1.9070  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	2,315	1.9110  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	13,369	1.9062  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	5,272	1.9037  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	75,573	1.9057  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	30,202	1.9081  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	5	0.4368  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	19,781	0.4360  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	15	0.4360  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Long	2,000	0.4404  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Long	5,104	0.4418  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Opening Short	1,141	0.4385  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	5,088	0.4360  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	23,102	0.4360  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Long	2,357	0.4367  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	4,910	0.4375  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	4,483	0.4340  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	7,841	0.4364  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:				21 Aug 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

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