Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC

28 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:			27 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:				18,025,274	0.77%	5,694,142	0.24%
(2) Cash-settled derivatives:				7,151,273	0.30%	14,237,663	0.61%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				25,176,547	1.07%	19,931,805	0.85%
Class of relevant security:				Schroder Real Estate Investment Trust Limited ordinary NPV
				Interests		Short Positions
				Number	(%)	Number	(%)
(1) Relevant securities owned and/or controlled:				1,622,313	0.33%	150,879	0.03%
(2) Cash-settled derivatives:				150,879	0.03%	1,581,397	0.32%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				1,773,192	0.36%	1,732,276	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	1567647	1.9850  GBP	1.9634  GBP
LondonMetric Property plc 10p ordinary	Sale	1358873	1.9850  GBP	1.9632  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Purchase	68479	0.4600  GBP	0.4585  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Sale	54849	0.4610  GBP	0.4585  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	429	1.9684  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	1,725	1.9731  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	300	1.9706  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	15,359	1.9726  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	26,054	1.9740  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	71,619	1.9784  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	57,807	1.9742  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	44,803	1.9739  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	55,528	1.9761  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	23,500	1.9665  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	1	1.9740  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	2,962	1.9841  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Short	26,449	1.9725  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	4,124	1.9765  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	90,296	1.9754  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	64	1.9671  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	22	1.9671  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	485	1.9731  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	47,421	1.9754  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	151	1.9737  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	111	1.9684  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	10	1.9740  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	1,278	1.9753  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	5,913	1.9742  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	338	1.9684  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	745	1.9731  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	723	1.9741  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	10,722	1.9742  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	8,814	1.9742  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	1,854	1.9758  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	2,270	1.9775  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	25,339	1.9747  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	54,664	1.9740  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	24,816	1.9700  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	56,686	1.9740  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	2,962	1.9738  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Short	30,737	1.9762  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	1,397	1.9804  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	58	1.9736  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	15	1.9740  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	508	1.9758  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	1,787	1.9758  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	1,156	1.9653  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	17,706	1.9739  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	7,115	1.9690  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	8,720	1.9741  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	4,728	1.9705  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	578	1.9740  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	10,154	1.9700  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	11,891	1.9753  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	51,345	1.9740  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	318	1.9740  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	45,241	1.9741  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	2,031	1.9740  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	8,461	1.9693  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	77,254	1.9748  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	4,701	1.9660  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	38,278	1.9729  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	9,188	0.4600  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	779	0.4600  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	12,016	0.4600  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Short	17,300	0.4599  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Long	2,220	0.4598  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Long	4,076	0.4600  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	1,555	0.4585  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	1,428	0.4585  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Long	362	0.4601  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:				28 Jul 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

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