Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC
27 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:

26 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:

1,732,460

0.35%

1,941,043

0.40%

(2) Cash-settled derivatives:

1,937,623

0.40%

1,712,357

0.35%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

3,670,083

0.75%

3,653,400

0.75%

Class of relevant security:

LondonMetric Property plc 10p ordinary


Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

17,398,505

0.74%

6,233,371

0.27%

(2) Cash-settled derivatives:

6,678,233

0.28%

12,071,788

0.51%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

24,076,738

1.02%

18,305,159

0.78%

 








(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

77993

0.4360  GBP

0.4338  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

224543

0.4369  GBP

0.4335  GBP

LondonMetric Property plc 10p ordinary

Purchase

728836

1.9566  GBP

1.9470  GBP

LondonMetric Property plc 10p ordinary

Sale

957794

1.9540  GBP

1.9469  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

1

0.4335  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

11,800

0.4335  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

3

0.4348  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Short

19,024

0.4335  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

4,380

0.4369  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

7,813

0.4353  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

1,591

0.4335  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Closing Short

185,163

0.4335  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

2,761

0.4335  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

53

1.9483  GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

262

1.9482  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,677

1.9486  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

37,979

1.9501  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

828

1.9523  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,567

1.9469  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

131,768

1.9470  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

234

1.9560  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

13,193

1.9468  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

80

1.9470  GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Short

2,633

1.9472  GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Long

50,068

1.9472  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

38,120

1.9480  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

7,600

1.9497  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,200

1.9511  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

3

1.9489  GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

1,503

1.9507  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

14,724

1.9482  GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

15

1.9482  GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

54

1.9482  GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

25

1.9482  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

25

1.9482  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

40

1.9486  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

293

1.9472  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

912

1.9476  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

24

1.9483  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,158

1.9486  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

8,627

1.9471  GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

31,119

1.9486  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,684

1.9472  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

3,324

1.9484  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

13,896

1.9484  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

407

1.9553  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

8,207

1.9488  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,909

1.9470  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

1,494

1.9493  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

3,548

1.9501  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

43,181

1.9472  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

568

1.9469  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

81,101

1.9474  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

54

1.9482  GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

6

1.9482  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,913

1.9472  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,077

1.9524  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

4,307

1.9524  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

227

1.9470  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

20,900

1.9494  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

6,808

1.9465  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

28,073

1.9488  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

20

1.9518  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

372

1.9482  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

29,149

1.9472  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

56,649

1.9470  GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Short

32,830

1.9503  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

2,123

1.9493  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

5,785

1.9504  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,930

1.9496  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

8,516

1.9496  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,696

1.9489  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

24,704

1.9488  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

10,098

1.9486  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

57,900

1.9470  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

6,155

1.9520  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

11,939

1.9506  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,270

1.9530  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

131,691

1.9482  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

20,922

1.9490  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:

27 Aug 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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