Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC
03 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:

02 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:

9,516,646

0.41%

6,809,726

0.29%

(2) Cash-settled derivatives:

7,856,837

0.34%

6,415,839

0.27%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

17,373,483

0.74%

13,225,565

0.56%

 








Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV


Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,527,982

0.31%

568,650

0.12%

(2) Cash-settled derivatives:

81,551

0.02%

1,085,993

0.22%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

1,609,533

0.33%

1,654,643

0.34%

 
























(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

1177436

1.8996  GBP

1.8670  GBP

LondonMetric Property plc 10p ordinary

Sale

1179004

1.9028  GBP

1.8670  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

18540

0.4789  GBP

0.4740  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

35352

0.4809  GBP

0.4740  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

20

1.9028  GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

214

1.8856  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,221

1.8783  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

41,295

1.8926  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

30,187

1.8901  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,274

1.8763  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,092

1.8734  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

24,897

1.8670  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

126,048

1.8850  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

72,367

1.8669  GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

22,234

1.8668  GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

66,908

1.8668  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

193

1.8779  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

1,472

1.8248  GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Long

11,497

1.8788  GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Short

3,242

1.8788  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

66,327

1.8670  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

3

1.8733  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

94,939

1.8953  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

245

1.8830  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

7,785

1.8672  GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

89

1.8790  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

933

1.8783  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,362

1.8672  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

4,573

1.8672  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

16

1.9028  GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

273

1.8689  GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

6,231

1.8688  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

35

1.9028  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,303

1.8783  GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

52,001

1.8789  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

4,100

1.8700  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

400

1.8965  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,092

1.8767  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

8,399

1.8670  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

4,022

1.8948  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

56,016

1.8858  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

22,000

1.8945  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

36,225

1.8824  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

21,093

1.8218  GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Short

3,242

1.8941  GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Long

9,071

1.8941  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

476,685

1.8676  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

385

1.8829  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

66,003

1.8672  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

11,985

1.8807  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

38,771

1.8672  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

300

1.8736  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

8,158

1.8968  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

70,216

1.8764  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

234

1.8915  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

166,287

1.8670  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

67,789

1.8942  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

2,419

1.8958  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

23,446

1.8771  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

28,511

1.8672  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

734

1.8990  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

31,424

1.8844  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

10,136

1.8955  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

74,413

1.8931  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

2,826

1.9031  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

35,958

1.8683  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

51,744

1.8707  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

62,955

1.8828  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

36,985

1.9181  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

2,826

1.8908  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

183

1.8904  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

36,985

1.9181  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

50,633

1.8721  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

10,321

1.8914  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

74,413

1.8931  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

4,794

1.8501  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

3,636

1.8990  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

67,789

1.8942  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

4,529

1.8468  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,209

1.8886  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

21,093

1.8218  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

2,417

1.8421  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

23,940

1.8837  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

1,472

1.8248  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

1,880

1.8248  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

47,843

1.8670  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

19,510

1.8235  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

684

1.8830  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

588

1.8571  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

3,104

1.8813  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

4,459

1.8973  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

4,614

1.8488  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

2,165

1.8960  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

119,546

1.8834  GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Long

73,571

1.8418  GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Short

21,783

1.8418  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

23,382

1.8867  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

27,060

1.8881  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

2,692

1.8771  GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Short

14,879

1.8859  GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Long

16,443

1.8859  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

2,692

1.8938  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

23,270

1.8976  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

1,318

1.9158  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

1,318

1.9158  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

23,270

1.8976  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

2,692

1.8938  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

2,692

1.8771  GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Short

21,783

1.8418  GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Long

73,571

1.8418  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

4,614

1.8488  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

588

1.8571  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

19,510

1.8235  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

1,880

1.8248  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

2,417

1.8421  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

4,529

1.8468  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

4,794

1.8501  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

50,633

1.8721  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

2,826

1.8908  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

2,826

1.9031  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

2,419

1.8958  GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Long

9,071

1.8941  GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Short

3,242

1.8941  GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Short

3,242

1.8788  GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Long

11,497

1.8788  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

861

1.8991  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

861

1.8668  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

20

0.4745  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

5,893

0.4739  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

5,564

0.4751  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

9,144

0.4815  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

5,603

0.4779  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

2,531

0.4740  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

2,431

0.4740  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

3,186

0.4740  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Short

10,306

0.4779  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

1,716

0.4757  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

969

0.4780  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Short

15,916

0.4699  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

4,392

0.4690  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Short

2,417

0.4829  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

2,417

0.4829  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Short

4,392

0.4690  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

15,916

0.4699  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

10,306

0.4779  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Short

9,144

0.4815  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

97

0.4775  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

7,775

0.4809  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

2,801

0.4739  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

5,119

0.4740  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:

03 Jun 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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