Form 8.5 LondonMetric Property PLC & Schroder REIT

Barclays PLC

10 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:			07 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:				20,270,522	0.86%	6,105,253	0.26%
(2) Cash-settled derivatives:				6,939,648	0.30%	15,471,899	0.66%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				27,210,170	1.16%	21,577,152	0.92%
Class of relevant security:				Schroder Real Estate Investment Trust Limited ordinary NPV
				Interests		Short Positions
				Number	(%)	Number	(%)
(1) Relevant securities owned and/or controlled:				1,644,104	0.34%	1,668,178	0.34%
(2) Cash-settled derivatives:				1,666,400	0.34%	1,624,001	0.33%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				3,310,504	0.68%	3,292,179	0.67%
(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	2586427	1.9585  GBP	1.9260  GBP
LondonMetric Property plc 10p ordinary	Sale	906286	1.9564  GBP	1.9260  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Purchase	39702	0.4525  GBP	0.4473  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Sale	393763	0.4522  GBP	0.4425  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 Long	19,557	1.9561  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	100	1.9590  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	468	1.9527  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	175,969	1.9500  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	1,891	1.9570  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	8,846	1.9499  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	2,031	1.9538  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	19,275	1.9504  GBP
LondonMetric Property plc 10p ordinary	CFD	Closing Long	7,127	1.9512  GBP
LondonMetric Property plc 10p ordinary	CFD	Opening Short	7,370	1.9512  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	77,338	1.9455  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Short	118,885	1.9480  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	19,091	1.9488  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	19	1.9488  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	3,126	1.9493  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	6	1.9546  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	8,908	1.9514  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	4,437	1.9503  GBP
LondonMetric Property plc 10p ordinary	SWAP	Closing Long	15,616	1.9486  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	26,243	1.9381  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	44,472	1.9427  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	2,769	1.9530  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	2,948	1.9484  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	12,413	1.9456  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	339,469	1.9415  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	6,572	1.9500  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	2,541	1.9326  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	2,881	1.9510  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	136,868	1.9452  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	191,677	1.9500  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	5,587	1.9373  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	37,821	1.9464  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	90,981	1.9493  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	1,733	1.9570  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	24,570	1.9506  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	143,652	1.9481  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	26,941	1.9500  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	113,288	1.9500  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	28,423	1.9475  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	7,726	1.9325  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	4,652	1.9480  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	13,513	1.9496  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	193,438	1.9473  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	241	0.4502  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	254	0.4525  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	352,409	0.4425  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Long	1,438	0.4499  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Short	861	0.4518  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	1,154	0.4525  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	722	0.4502  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	3,025	0.4495  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	3,655	0.4525  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:				10 Aug 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END