Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC

26 March 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:			24 Mar 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:				10,744,118	0.46%	9,324,924	0.40%
(2) Cash-settled derivatives:				9,810,488	0.42%	8,541,183	0.36%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				20,554,606	0.88%	17,866,107	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:				1,386,303	0.28%	205,335	0.04%
(2) Cash-settled derivatives:				0	0.00%	1,280,425	0.26%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				1,386,303	0.28%	1,485,760	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	3026616	1.8325  GBP	1.8045  GBP
LondonMetric property plc 10p ordinary	Sale	1828955	1.8320  GBP	1.8045  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Purchase	62576	0.4890  GBP	0.4750  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Sale	46056	0.4890  GBP	0.4750  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	30	1.8048  GBP
LondonMetric property plc 10p ordinary	SWAP	Increasing Long	162	1.8080  GBP
LondonMetric property plc 10p ordinary	SWAP	Increasing Long	14,523	1.8088  GBP
LondonMetric property plc 10p ordinary	SWAP	Increasing Long	4	1.8109  GBP
LondonMetric property plc 10p ordinary	SWAP	Increasing Long	2,962	1.8116  GBP
LondonMetric property plc 10p ordinary	SWAP	Increasing Long	133,210	1.8119  GBP
LondonMetric property plc 10p ordinary	SWAP	Increasing Long	43,590	1.8122  GBP
LondonMetric property plc 10p ordinary	SWAP	Increasing Long	3,549	1.8140  GBP
LondonMetric property plc 10p ordinary	SWAP	Increasing Long	1	1.8149  GBP
LondonMetric property plc 10p ordinary	SWAP	Increasing Long	924	1.8155  GBP
LondonMetric property plc 10p ordinary	SWAP	Increasing Long	49	1.8165  GBP
LondonMetric property plc 10p ordinary	SWAP	Increasing Long	8,025	1.8171  GBP
LondonMetric property plc 10p ordinary	SWAP	Increasing Long	40,720	1.8175  GBP
LondonMetric property plc 10p ordinary	SWAP	Increasing Long	555	1.8177  GBP
LondonMetric property plc 10p ordinary	SWAP	Increasing Long	11,142	1.8186  GBP
LondonMetric property plc 10p ordinary	SWAP	Increasing Long	17	1.8194  GBP
LondonMetric property plc 10p ordinary	SWAP	Increasing Long	53,771	1.8223  GBP
LondonMetric property plc 10p ordinary	SWAP	Increasing Long	3,115	1.8229  GBP
LondonMetric property plc 10p ordinary	SWAP	Increasing Long	84,860	1.8233  GBP
LondonMetric property plc 10p ordinary	SWAP	Increasing Long	19	1.8238  GBP
LondonMetric property plc 10p ordinary	SWAP	Increasing Long	66,613	1.8242  GBP
LondonMetric property plc 10p ordinary	SWAP	Increasing Long	19,735	1.8249  GBP
LondonMetric property plc 10p ordinary	SWAP	Increasing Long	67,390	1.8270  GBP
LondonMetric property plc 10p ordinary	SWAP	Increasing Long	1	1.8299  GBP
LondonMetric property plc 10p ordinary	SWAP	Increasing Long	7	1.8313  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Opening Long	54	0.4755  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Long	20	0.4811  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Long	50	0.4813  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Long	16,142	0.4858  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Opening Short	20,540	0.4755  GBP
LondonMetric property plc 10p ordinary	SWAP	Decreasing Long	1,091,080	1.8120  GBP
LondonMetric property plc 10p ordinary	SWAP	Decreasing Long	12,808	1.8121  GBP
LondonMetric property plc 10p ordinary	SWAP	Decreasing Long	162	1.8122  GBP
LondonMetric property plc 10p ordinary	SWAP	Decreasing Long	442	1.8123  GBP
LondonMetric property plc 10p ordinary	SWAP	Decreasing Long	93,786	1.8126  GBP
LondonMetric property plc 10p ordinary	SWAP	Decreasing Long	1,240	1.8155  GBP
LondonMetric property plc 10p ordinary	SWAP	Decreasing Long	153,092	1.8157  GBP
LondonMetric property plc 10p ordinary	SWAP	Decreasing Long	17,444	1.8161  GBP
LondonMetric property plc 10p ordinary	SWAP	Decreasing Long	63,058	1.8163  GBP
LondonMetric property plc 10p ordinary	SWAP	Decreasing Long	609	1.8169  GBP
LondonMetric property plc 10p ordinary	SWAP	Decreasing Long	17,501	1.8172  GBP
LondonMetric property plc 10p ordinary	SWAP	Decreasing Long	41,638	1.8175  GBP
LondonMetric property plc 10p ordinary	SWAP	Decreasing Long	8,734	1.8180  GBP
LondonMetric property plc 10p ordinary	SWAP	Decreasing Long	80	1.8183  GBP
LondonMetric property plc 10p ordinary	SWAP	Decreasing Long	4,649	1.8186  GBP
LondonMetric property plc 10p ordinary	SWAP	Decreasing Long	73,056	1.8190  GBP
LondonMetric property plc 10p ordinary	SWAP	Decreasing Long	30,401	1.8193  GBP
LondonMetric property plc 10p ordinary	SWAP	Decreasing Long	2	1.8200  GBP
LondonMetric property plc 10p ordinary	SWAP	Decreasing Long	50,809	1.8219  GBP
LondonMetric property plc 10p ordinary	SWAP	Decreasing Long	52,761	1.8223  GBP
LondonMetric property plc 10p ordinary	SWAP	Decreasing Long	14	1.8227  GBP
LondonMetric property plc 10p ordinary	SWAP	Decreasing Long	223	1.8243  GBP
LondonMetric property plc 10p ordinary	SWAP	Decreasing Long	29	1.8255  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Opening Long	9,503	0.4755  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Long	1,244	0.4859  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Long	7,890	0.4863  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Opening Short	32,369	0.4839  GBP
LondonMetric property plc 10p ordinary	CFD	Increasing Long	2,297	1.8248  GBP
LondonMetric property plc 10p ordinary	CFD	Increasing Long	353	1.8268  GBP
LondonMetric property plc 10p ordinary	CFD	Decreasing Long	32,040	1.8085  GBP
LondonMetric property plc 10p ordinary	CFD	Decreasing Long	12,854	1.8121  GBP
LondonMetric property plc 10p ordinary	CFD	Decreasing Long	100,477	1.8125  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:				26 Mar 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

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