Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC

17 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:			16 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:				14,155,201	0.60%	4,702,788	0.20%
(2) Cash-settled derivatives:				6,192,597	0.26%	12,040,752	0.51%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				20,347,798	0.87%	16,743,540	0.71%
Class of relevant security:				Schroder Real Estate Investment Trust Limited ordinary NPV
				Interests		Short Positions
				Number	(%)	Number	(%)
(1) Relevant securities owned and/or controlled:				1,435,750	0.29%	461,558	0.09%
(2) Cash-settled derivatives:				69,591	0.01%	992,693	0.20%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				1,505,341	0.31%	1,454,251	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	1700787	1.8620  GBP	1.8490  GBP
LondonMetric Property plc 10p ordinary	Sale	1959840	1.8620  GBP	1.8440  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Purchase	76088	0.4712  GBP	0.4655  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Sale	33195	0.4725  GBP	0.4655  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	213	1.8549  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	36,813	1.8500  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	32,005	1.8521  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	384	1.8479  GBP
LondonMetric Property plc 10p ordinary	SWAP	Closing Short	59,712	1.8580  GBP
LondonMetric Property plc 10p ordinary	SWAP	Opening Long	247,995	1.8580  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	4,937	1.8580  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	167,963	1.8588  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	1	1.8600  GBP
LondonMetric Property plc 10p ordinary	SWAP	Closing Short	44,157	1.8510  GBP
LondonMetric Property plc 10p ordinary	SWAP	Opening Long	30,758	1.8510  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	23,592	1.8578  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Short	228,761	1.8581  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	112	1.8551  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	1,045	1.8567  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Short	33,660	1.8519  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	2,410	1.8582  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	3,972	1.8582  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	387	1.8578  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	44,480	1.8577  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	33,292	1.8577  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	46,542	1.8576  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	6,298	1.8515  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	600	1.8526  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	3,184	1.8481  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	149,708	1.8590  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	54,526	1.8579  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	31,179	1.8459  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Short	19,922	1.8603  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	235	1.8459  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	327	1.8510  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	1,604	1.8501  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	959	1.8499  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	62,818	1.8568  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	99,529	1.8528  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	939	1.8459  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	10,416	1.8578  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	1,266	1.8580  GBP
LondonMetric Property plc 10p ordinary	SWAP	Closing Long	22,466	1.8580  GBP
LondonMetric Property plc 10p ordinary	SWAP	Opening Short	44,158	1.8580  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	8,891	1.8526  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	241,582	1.8580  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	14,742	1.8475  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	2,464	1.8493  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	3,370	1.8620  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	184,098	1.8580  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	18,960	1.8538  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	10,710	1.8488  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	2,459	1.8534  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	243,674	1.8516  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	20,554	1.8517  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	5,699	0.4750  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	2,292	0.4655  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	327	0.4676  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Short	8,633	0.4655  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Long	158	0.4679  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Long	19,297	0.4724  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	110	0.4676  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	6,454	0.4655  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Long	45,068	0.4654  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	383	0.4655  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Long	3,277	0.4654  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:				17 Jun 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

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