Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC

24 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:			23 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:				15,286,686	0.65%	4,733,971	0.20%
(2) Cash-settled derivatives:				6,769,067	0.29%	12,348,631	0.53%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				22,055,753	0.94%	17,082,602	0.73%
Class of relevant security:				Schroder Real Estate Investment Trust Limited ordinary NPV
				Interests		Short Positions
				Number	(%)	Number	(%)
(1) Relevant securities owned and/or controlled:				1,609,717	0.33%	366,354	0.07%
(2) Cash-settled derivatives:				74,086	0.02%	1,167,782	0.24%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				1,683,803	0.34%	1,534,136	0.31%
(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	1393938	1.8374  GBP	1.8220  GBP
LondonMetric Property plc 10p ordinary	Sale	1044850	1.8370  GBP	1.8220  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Purchase	45796	0.4565  GBP	0.4534  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Sale	33657	0.4582  GBP	0.4515  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	Decreasing Long	1,053	1.8274  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	1,503	1.8327  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	12,131	1.8329  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	400	1.8297  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	76,502	1.8287  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	104,711	1.8300  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	48,147	1.8302  GBP
LondonMetric Property plc 10p ordinary	SWAP	Closing Short	51,193	1.8301  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	89,352	1.8167  GBP
LondonMetric Property plc 10p ordinary	SWAP	Closing Long	217,386	1.8300  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	23,330	1.8284  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	782	1.8287  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	193	1.8308  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	2	1.8300  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Short	3,491	1.8260  GBP
LondonMetric Property plc 10p ordinary	CFD	Opening Long	1,700	1.8290  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	2,331	1.8303  USD
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	1,453	1.8327  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	1,192	1.8327  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	40,283	1.8332  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	309	1.8274  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	18,334	1.8297  GBP
LondonMetric Property plc 10p ordinary	SWAP	Opening Short	1	1.8300  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	2,303	1.8274  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	446	1.8305  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	4,260	1.8312  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	1,686	1.8316  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	16,555	1.8271  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	20,660	1.8292  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	292,291	1.8155  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	74,670	1.8267  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	141	1.8280  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Short	7,748	1.8361  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	79,011	1.8220  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	218,099	1.8305  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	489	1.8316  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	3,990	1.8316  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	45,391	1.8298  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	9,865	1.8359  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	327	1.8318  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	421	1.8220  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	47,688	1.8300  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	11,193	1.8300  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	6,199	1.8272  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	15,283	1.8353  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	4,006	1.8300  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	3,974	1.8330  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	10,918	1.8340  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	228	1.8293  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	43,996	1.8336  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	74	1.8280  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	1,763	1.8318  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	56,423	1.8297  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	53,479	1.8300  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	5,253	1.8310  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	8,017	0.4550  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	13,739	0.4550  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Long	18,520	0.4582  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	2,829	0.4540  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Long	2,600	0.4550  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	9,933	0.4528  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Long	421	0.4550  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:				24 Jun 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

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