Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC

27 April 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 Apr 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:				11,077,587	0.47%	6,253,863	0.27%
(2) Cash-settled derivatives:				7,067,629	0.30%	7,275,190	0.31%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				18,145,216	0.77%	13,529,053	0.58%
Class of relevant security:				Schroder Real Estate Investment Trust Limited ordinary NPV
				Interests		Short Positions
				Number	(%)	Number	(%)
(1) Relevant securities owned and/or controlled:				1,573,665	0.32%	338,197	0.07%
(2) Cash-settled derivatives:				0	0.00%	1,370,452	0.28%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				1,573,665	0.32%	1,708,649	0.35%
(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	1779475	1.9248  GBP	1.9070  GBP
LondonMetric Property plc 10p ordinary	Sale	1109971	1.9300  GBP	1.9070  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Purchase	59043	0.4897  GBP	0.4845  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Sale	69652	0.4919  GBP	0.4845  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	Opening Long	243,930	1.9070  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	1,421	1.9108  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	73,232	1.9120  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	2,523	1.9150  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	435	1.9165  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	1,323	1.9175  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	94	1.9189  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	31,294	1.9190  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	74,179	1.9229  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	15,999	1.9234  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	209,812	1.9255  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	9,477	1.9307  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	104	1.9080  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	237	1.9085  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	315,053	1.9120  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	720	1.9121  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	157,540	1.9122  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	157,449	1.9123  GBP
LondonMetric Property plc 10p ordinary	SWAP	Opening Short	123,865	1.9143  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	66,904	1.9163  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	35,888	1.9170  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	3,037	1.9175  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	7,284	1.9178  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	357,473	1.9202  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	8,200	1.9213  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	22,164	1.9217  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	4,544	1.9225  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	1,900	1.9233  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	37,460	1.9247  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	3,261	0.4844  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	24,123	0.4845  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	3	0.4856  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	5,352	0.4865  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	2	0.4890  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	2	0.4897  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Short	7,929	0.4876  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	1	1.9100  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	10	1.9120  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	55,666	1.9121  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	947	1.9205  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:				27 Apr 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

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