Form 8 (OPD) Schroder REIT, LondonMetric Property
Summary by AI BETAClose X
FORM 8 (OPD)
PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER
Rules 8.1 and 8.2 of the Takeover Code (the "Code")
1. KEY INFORMATION
|
(a) Full name of discloser: |
A CONSORTIUM COMPRISING
LONDONMETRIC PROPERTY PLC
AND
SCHRODER REAL ESTATE INVESTMENT TRUST LIMITED |
|
(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. |
N/A |
|
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree |
A CONSORTIUM COMPRISING
LONDONMETRIC PROPERTY PLC
AND
SCHRODER REAL ESTATE INVESTMENT TRUST LIMITED |
|
(d) Is the discloser the offeror or the offeree? |
OFFEROR |
|
(e) Date position held: The latest practicable date prior to the disclosure |
30 March 2026 |
|
(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state "N/A" |
YES, PICTON PROPERTY INCOME LIMITED
|
2. POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE
If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.
(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates
(i) In respect of LONDONMETRIC PROPERTY PLC interests in SCHRODER REAL ESTATE INVESTMENT TRUST LIMITED
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Class of relevant security:
|
Schroders Real Estate Investment Trust Ordinary Shares |
|||
|
|
Interests |
Short positions |
||
|
Number |
%* |
Number |
% |
|
|
(1) Relevant securities owned and/or controlled: |
54,041,418 |
11.05 |
Nil |
- |
|
(2) Cash-settled derivatives:
|
Nil |
- |
Nil |
- |
|
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: |
Nil |
- |
Nil |
- |
|
TOTAL: |
54,041,418 |
11.05 |
Nil |
- |
All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).
Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).
(b) Rights to subscribe for new securities
|
Class of relevant security in relation to which subscription right exists: |
None |
|
Details, including nature of the rights concerned and relevant percentages: |
None |
3. POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE
|
Details of any interests, short positions and rights to subscribe (including directors' and other employee options) of any person acting in concert with the party to the offer making the disclosure: |
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a) Interests in Schroder Real Estate Investment Trust Limited ("SREIT") shares held by SREIT directors (together with their close relatives and the related trusts of any of them)
b) Interests held by Schroders plc in SREIT
c) Interests and short positions held by Schroders plc in LondonMetric Property plc ("LMP")
d) Interests in LondonMetric Property plc ("LondonMetric") shares held by LondonMetric directors (together with their close relatives and the related trusts of any of them)
(1) Figures include the incremental number of shares which the participant is entitled to receive on vesting of the award as a result of the total dividend increases which are accrued during the vesting period.
e) Cash settled derivative positions held by LondonMetric connected advisers
*Leucadia Asset Management is a member of the Jefferies Financial Group and holds these shares as long swap shares. Leucadia Asset Management holds no positions in either Schroder Real Estate Investment Trust Limited or Picton Property Income Limited. |
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Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).
Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).
4. OTHER INFORMATION
(a) Indemnity and other dealing 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 party to the offer making the disclosure or any person acting in concert with it: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none" |
|
None
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(b) Agreements, arrangements or understandings relating to options or derivatives
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Details of any agreement, arrangement or understanding, formal or informal, between the party to the offer making the disclosure, or any person acting in concert with it, and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none" |
|
None
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(c) Attachments
Are any Supplemental Forms attached?
|
Supplemental Form 8 (Open Positions) |
NO |
|
Supplemental Form 8 (SBL) |
NO |
LMP:
Date of disclosure: |
09 April 2026 |
Contact name: |
Jadzia Duzniak |
Telephone number: |
020 7484 9035 |
SREIT:
Date of disclosure: |
09 April 2026 |
Contact name: |
Katherine Fyfe |
Telephone number: |
+442076583136 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
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Companies
LondonMetric Property (LMP)Picton Property Income Ltd (PCTN)
Schroder Real Estate Investment Trust Ltd (SREI)
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