Form 8.5 - LondonMetric & Schroder Real Estate

Barclays PLC
05 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:

04 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:

9,865,106

0.42%

6,278,190

0.27%

(2) Cash-settled derivatives:

7,444,082

0.32%

6,628,126

0.28%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

17,309,188

0.74%

12,906,316

0.55%

 








Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV


Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,458,773

0.30%

546,537

0.11%

(2) Cash-settled derivatives:

93,766

0.02%

1,016,300

0.21%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

1,552,539

0.32%

1,562,837

0.32%

 
















(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

1602064

1.8322  GBP

1.8120  GBP

LondonMetric Property plc 10p ordinary

Sale

1749536

1.8339  GBP

1.8151  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

4895

0.4770  GBP

0.4675  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

37069

0.4770  GBP

0.4672  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 Long

37,008

1.8283  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,839

1.8289  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

78,235

1.8292  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

34,530

1.8268  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

9,768

1.8281  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

5,678

1.8282  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

569,985

1.8270  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

7,386

1.8267  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

78,077

1.8269  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

71,598

1.8273  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

13,161

1.8289  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

11,278

1.8271  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

2,934

1.8118  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

13,428

1.8270  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

1,862

1.8254  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

78,263

1.8295  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

15,051

1.8143  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

15,762

1.8315  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

20,162

1.8283  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

8,230

1.8283  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

572

1.8289  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,139

1.8272  GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

7,246

1.8315  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,397

1.8272  GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

388

1.8289  GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

1,675

1.8289  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,029

1.8281  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

4,185

1.8271  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

3,021

1.8271  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

30,837

1.8299  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

8,739

1.8271  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

20,022

1.8270  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

2,934

1.8271  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

38,107

1.8273  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

55,127

1.8282  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,952

1.8315  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

25,342

1.8282  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

14,535

1.8272  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

388

1.8244  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

234

1.8120  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

84,548

1.8269  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

70,608

1.8270  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

9,600

1.8243  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

9,158

1.8272  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

63,381

1.8271  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

19,445

1.8321  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

12,850

1.8322  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

6,825

1.8282  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

8,155

1.8300  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

119,984

1.8299  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

3,979

1.8277  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

9,475

1.8291  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

15,859

1.8315  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

27,738

1.8270  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,809

1.8301  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,709

1.8311  GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

164,545

1.8293  GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

36,308

1.8293  GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

36,308

1.8169  GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

44,685

1.8169  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

4,816

0.4770  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

1

0.4700  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

2

0.4722  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

9,046

0.4702  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

5,880

0.4672  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

2,369

0.4770  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

6,946

0.4770  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

5,116

0.4734  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

1,927

0.4705  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:

05 Jun 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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