Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC

25 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:			24 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:				15,672,376	0.67%	4,068,534	0.17%
(2) Cash-settled derivatives:				6,087,043	0.26%	12,298,627	0.52%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				21,759,419	0.93%	16,367,161	0.70%
Class of relevant security:				Schroder Real Estate Investment Trust Limited ordinary NPV
				Interests		Short Positions
				Number	(%)	Number	(%)
(1) Relevant securities owned and/or controlled:				1,623,509	0.33%	352,594	0.07%
(2) Cash-settled derivatives:				71,101	0.01%	1,182,333	0.24%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				1,694,610	0.35%	1,534,927	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	4278690	1.8970  GBP	1.8700  GBP
LondonMetric Property plc 10p ordinary	Sale	3227563	1.8942  GBP	1.8722  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Purchase	91796	0.4684  GBP	0.4602  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Sale	64244	0.4660  GBP	0.4602  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	2,022	1.8824  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	9,781	1.8862  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	37,254	1.8821  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	21,487	1.8819  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	20,345	1.8772  GBP
LondonMetric Property plc 10p ordinary	SWAP	Closing Long	147,484	1.8900  GBP
LondonMetric Property plc 10p ordinary	SWAP	Opening Short	280,473	1.8900  GBP
LondonMetric Property plc 10p ordinary	SWAP	Closing Short	21,498	1.8880  GBP
LondonMetric Property plc 10p ordinary	SWAP	Closing Short	11,603	1.8827  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	1,637	1.8313  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	58,100	1.8836  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	34,549	1.8897  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Short	20,022	1.8898  GBP
LondonMetric Property plc 10p ordinary	CFD	Opening Long	20,776	1.8872  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	3,446	1.8478  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	247,967	1.8843  GBP
LondonMetric Property plc 10p ordinary	CFD	Closing Long	31,516	1.8827  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Short	17,014	1.8723  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	4,185	1.8737  GBP
LondonMetric Property plc 10p ordinary	CFD	Opening Long	12	1.8900  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	224,513	1.8823  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	8,001	1.8897  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	14,038	1.8862  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	6,201	1.8862  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	2,903	1.8897  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	7,309	1.8897  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	592	1.8824  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	303	1.8902  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	1,333	1.8897  GBP
LondonMetric Property plc 10p ordinary	SWAP	Closing Short	12,327	1.8896  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	3,537	1.8824  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	7,830	1.8866  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	19,448	1.8859  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	11,043	1.8808  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	882	1.8811  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	832	1.8743  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	13,396	1.8256  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	10,000	1.8791  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	249	1.8835  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	1,288	1.8871  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	12,944	1.8901  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Short	84,659	1.8848  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	4,272	1.8855  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	5,620	1.8859  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	23,596	1.8859  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	99	1.8769  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	397	1.8769  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	176	1.8908  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	73,251	1.8260  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	3,429	1.8900  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	29,830	1.8833  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	3,893	1.8901  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	95,194	1.8314  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	8,968	1.8806  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	5,518	1.8836  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	11,312	1.8898  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	17,248	1.8842  GBP
LondonMetric Property plc 10p ordinary	CFD	Closing Long	100,088	1.8900  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	681	1.8480  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	25,166	1.8900  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	4,605	1.8703  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	20,863	1.8800  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	108,064	1.8896  GBP
LondonMetric Property plc 10p ordinary	SWAP	Closing Long	45,967	1.8816  GBP
LondonMetric Property plc 10p ordinary	SWAP	Opening Short	3,328	1.8816  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	6,528	1.8845  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	47,091	1.8849  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	5,825	1.8861  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	16,453	1.8795  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	1,338	1.8784  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	23,756	1.8832  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	2,628	1.8900  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	13,653	1.8786  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	2,434	0.4515  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	7,489	0.4635  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Long	2,337	0.4630  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Long	614	0.4620  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	686	0.4530  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Long	17,527	0.4626  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	3,850	0.4565  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Long	20,026	0.4684  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	6,332	0.4635  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Long	3,811	0.4654  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Long	1,346	0.4634  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:				25 Jun 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

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