Form 8.5 - LondonMetric Property & Schroder REIT

Barclays PLC
19 June 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:

18 Jun 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:

15,570,808

0.66%

4,922,497

0.21%

(2) Cash-settled derivatives:

6,454,390

0.28%

12,874,199

0.55%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

22,025,198

0.94%

17,796,696

0.76%

 








Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV


Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,483,620

0.30%

411,912

0.08%

(2) Cash-settled derivatives:

42,247

0.01%

1,041,745

0.21%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

1,525,867

0.31%

1,453,657

0.30%

 
















(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

3364584

1.8202  GBP

1.8059  GBP

LondonMetric Property plc 10p ordinary

Sale

1757632

1.8217  GBP

1.8050  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

78229

0.4655  GBP

0.4615  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

32848

0.4655  GBP

0.4615  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

105

1.8136  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

261

1.8131  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1

1.8099  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

64,952

1.8117  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

28,721

1.8123  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

853

1.8200  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

4,219

1.8074  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

53,615

1.8200  GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

2,086

1.8130  GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

1,129

1.8215  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,129

1.8215  GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

5,218

1.8130  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

190,359

1.8274  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

33,735

1.8199  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3

1.8200  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

27,884

1.8201  GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

43

1.8159  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

39,970

1.8138  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

569

1.8156  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

50,379

1.8075  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

436

1.8203  USD

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

351

1.8170  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

296

1.8131  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,137

1.8131  GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

47,652

1.8202  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

32

1.8136  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

26,817

1.8197  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

412

1.8136  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

14,500

1.8192  GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

281,186

1.8196  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,687

1.8150  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

298

1.8098  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,086

1.8180  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

10,901

1.8108  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

7,304

1.8180  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

5,218

1.8180  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

171,090

1.8261  GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

43,943

1.8131  GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

19,228

1.8131  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

77,016

1.8141  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

5,018

1.8200  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

22,204

1.8169  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

166,473

1.8167  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,086

1.8140  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

7,304

1.8130  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

5,219

1.8140  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

834

1.8100  GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

19,228

1.8199  GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

45,700

1.8199  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,688

1.8161  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,085

1.8135  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

7,305

1.8140  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

5,219

1.8135  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

84,632

1.8194  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

554

1.8169  GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

2,373

1.8200  GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

486,137

1.8200  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,086

1.8150  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

7,304

1.8135  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

5,218

1.8150  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

11,007

1.8125  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

16,081

1.8160  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

5,481

1.8144  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,766

1.8160  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

7,304

1.8150  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

5,538

1.8160  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

14

1.8200  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

2,206

1.8206  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,767

1.8160  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

7,304

1.8160  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

5,537

1.8160  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

7,860

1.8102  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,177

1.8154  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,767

1.8175  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

7,305

1.8175  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

5,538

1.8175  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

141,768

1.8188  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

44,998

1.8167  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

687

1.8170  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

7,304

1.8160  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

6,266

1.8170  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,361

1.8160  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

2,919

1.8178  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

5,082

1.8150  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

7,304

1.8170  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,222

1.8150  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

184,038

1.8200  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

91,872

1.8163  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

7,304

1.8150  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

9,196

1.8134  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

597

0.4625  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

18,272

0.4615  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

10,000

0.4641  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Opening Short

1

0.4600  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

14,437

0.4615  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

8,164

0.4615  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

1,259

0.4615  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:

19 Jun 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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END
 
 

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