Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC

01 May 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				A CONSORTIUM COMPRISING LONDONMETRIC PROPERTY PLC AND SCHRODER REAL ESTATE INVESTMENT TRUST LIMITED
	relevant securities this form relates:
(c)	Name of the party to the offer with which exempt				A CONSORTIUM COMPRISING LONDONMETRIC PROPERTY PLC AND SCHRODER REAL ESTATE INVESTMENT TRUST LIMITED
	principal trader is connected
(d)	Date position held/dealing undertaken:				30 Apr 2026
(e)	In addition to the company in 1(b) above, is the exempt principal				YES:
	trader making disclosures in respect of any other party to the offer?				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:			11,250,225	0.48%	7,475,686	0.32%
(2)	Cash-settled derivatives:
	and/or controlled:			8,342,051	0.36%	7,395,600	0.32%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%
	TOTAL:			19,592,276	0.84%	14,871,286	0.63%
Class of relevant security:				Schroder Real Estate Investment Trust Limited ordinary NPV
				Interests		Short Positions
				Number	(%)	Number	(%)
(1)	Relevant securities owned
	and/or controlled:			1,538,175	0.31%	308,679	0.06%
(2)	Cash-settled derivatives:
	and/or controlled:			0	0.00%	1,409,231	0.29%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%
	TOTAL:			1,538,175	0.31%	1,717,910	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)	Purchases and sales
Class of relevant		Purchase/sale		Total number of		Highest price per unit	Lowest price per unit
security				securities		paid/received	paid/received
LondonMetric Property plc 10p ordinary		Purchase		2,828,762		1.9040  GBP	1.8640  GBP
LondonMetric Property plc 10p ordinary		Sale		1,615,728		1.9020  GBP	1.8620  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		Purchase		283,161		0.4795  GBP	0.4774  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		Sale		309,173		0.4824  GBP	0.4740  GBP
(b)	Cash-settled derivative transactions
Class of		Product		Nature of dealing		Number of	Price per
relevant		description				reference	unit
security						securities
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		369	1.8639  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		1,257	1.8720  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		43,300	1.8764  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		130,452	1.8817  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		1,257	1.8830  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		47,253	1.8851  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		1,257	1.8860  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		6,671	1.8873  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		233	1.8899  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		3,487	1.8935  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		60,274	1.8936  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		9,302	1.8937  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		1,624	1.8970  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		1,258	1.8975  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		1,408	1.8980  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		37,002	1.8983  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		23,162	1.8985  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		7,961	1.8994  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		24,342	1.9016  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		107,162	1.8720  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		3,273	1.8774  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		31,280	1.8796  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		4,258	1.8817  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		33,997	1.8822  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		15,338	1.8823  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		15,820	1.8825  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		1,257	1.8830  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		138,366	1.8833  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		1,257	1.8860  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		406,841	1.8871  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		24,319	1.8877  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		2,034	1.8883  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		57,708	1.8926  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		105,335	1.8930  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		23,661	1.8936  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		114,580	1.8940  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		48	1.8941  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		39,685	1.8942  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		1,258	1.8975  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		1,257	1.8980  GBP
LondonMetric Property plc 10p ordinary		CFD		Increasing Long		2,616	1.8854  GBP
LondonMetric Property plc 10p ordinary		CFD		Increasing Long		4,414	1.8938  GBP
LondonMetric Property plc 10p ordinary		CFD		Decreasing Long		136,524	1.8931  GBP
LondonMetric Property plc 10p ordinary		CFD		Decreasing Long		113,380	1.8941  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		19,612	0.4740  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		160	0.4789  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Increasing Short		29,590	0.4785  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Decreasing Short		3,103	0.4782  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Increasing Short		5	0.4800  GBP
(c)	Stock-settled derivative transactions (including options)
(i)	Writing, selling, purchasing or varying
Class	Product	Writing,	Number	Exercise	Type	Expiry	Option
of	description	purchasing,	of	price		date	money
relevant		selling,	securities	per unit			paid/
security		varying etc	to which				received
			option				per unit
			relates
(ii)	Exercising
Class of relevant		Product description		Exercising/ exercised against		Number of	Exercise price per
security						securities	unit
(d)	Other dealings (including subscribing for new securities)
Class of relevant		Nature of Dealings		Details		Price per unit (if
security						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:				01 May 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

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