Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC
23 July 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:

22 Jul 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:

16,919,812

0.72%

6,281,945

0.27%

(2) Cash-settled derivatives:

7,844,350

0.33%

13,868,527

0.59%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

24,764,162

1.05%

20,150,472

0.86%

 








Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV


Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,611,042

0.33%

128,180

0.03%

(2) Cash-settled derivatives:

128,168

0.03%

1,570,144

0.32%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

1,739,210

0.36%

1,698,324

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)

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

1590463

1.9530  GBP

1.9060  GBP

LondonMetric Property plc 10p ordinary

Sale

1764628

1.9530  GBP

1.9020  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

156509

0.4605  GBP

0.4500  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

49688

0.4591  GBP

0.4552  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 Short

28

1.9436  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2

1.9350  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,467

1.9155  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

7,491

1.9394  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

14,348

1.9407  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

39,632

1.9440  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

13,538

1.9459  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,033

1.9140  GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

5,534

1.9294  GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

22,732

1.9294  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,046

1.9261  GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Short

2,877

1.9438  GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Long

27,561

1.9438  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

1,916

1.9138  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

13,448

1.9385  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

5,631

1.9423  GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Short

475,751

1.9440  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

8,177

1.9411  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,649

1.9408  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,004

1.9444  USD

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

9,047

1.9437  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,945

1.9488  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

93

1.9433  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2

1.9350  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,307

1.9437  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

3,166

1.9437  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

8

1.9436  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

444

1.9443  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,050

1.9442  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

8

1.9436  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

8,294

1.9432  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,269

1.9443  GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

65,275

1.9436  GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

2,024

1.9436  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

115

1.9031  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

6,307

1.9255  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

5,534

1.9107  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

25,959

1.9419  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

1,916

1.9441  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

17,675

1.9437  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

7,314

1.9297  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,218

1.9457  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

14

1.9440  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

369

1.9174  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

41

1.9230  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

63,194

1.9407  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

3,086

1.9468  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,342

1.9440  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

33,041

1.9354  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

102

1.9440  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

174,515

1.9440  GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Short

247,064

1.9440  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

18,963

1.9415  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

48,171

1.9413  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

128,962

1.9440  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,718

1.9506  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

127,033

1.9440  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

127,556

1.9427  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

48,633

1.9420  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

105,328

1.9430  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

230,212

1.9432  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,470

1.9496  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,702

1.9060  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

44,607

0.4560  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

6,393

0.4560  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

57,792

0.4560  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

2,619

0.4559  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

3,691

0.4605  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

3,313

0.4589  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

1,589

0.4545  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

13,183

0.4591  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:

23 Jul 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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