Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC

29 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:			28 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:				Schroder Real Estate Investment Trust Limited ordinary NPV
				Interests		Short Positions
				Number	(%)	Number	(%)
(1) Relevant securities owned and/or controlled:				1,641,921	0.34%	138,512	0.03%
(2) Cash-settled derivatives:				138,353	0.03%	1,601,071	0.33%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				1,780,274	0.36%	1,739,583	0.36%
Class of relevant security:				LondonMetric Property plc 10p ordinary
				Interests		Short Positions
				Number	(%)	Number	(%)
(1) Relevant securities owned and/or controlled:				16,670,340	0.71%	5,678,646	0.24%
(2) Cash-settled derivatives:				7,074,350	0.30%	12,821,407	0.55%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				23,744,690	1.01%	18,500,053	0.79%
(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
Schroder Real Estate Investment Trust Limited ordinary NPV	Purchase	102170	0.4600  GBP	0.4593  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Sale	70195	0.4600  GBP	0.4590  GBP
LondonMetric Property plc 10p ordinary	Purchase	499366	1.9910  GBP	1.9760  GBP
LondonMetric Property plc 10p ordinary	Sale	1838804	1.9891  GBP	1.9751  GBP
(b)	Cash-settled derivative transactions
Class of  relevant  security	Product  description	Nature of dealing	Number of  reference  securities	Price per  unit
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	4,876	0.4600  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	722	0.4600  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	7,437	0.4600  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Long	4,124	0.4594  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Long	10,000	0.4590  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	614	0.4595  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	6,025	0.4593  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Long	3,279	0.4600  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Long	15,123	0.4600  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	1,647	1.9826  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	2,822	1.9852  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	14,221	1.9835  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	13,754	1.9847  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	26,927	1.9870  GBP
LondonMetric Property plc 10p ordinary	SWAP	Closing Short	971,325	1.9870  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	3,635	1.9823  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	19,076	1.9869  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	47,445	1.9837  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	212	1.9869  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	1,757	1.9808  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	809	1.9844  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Short	1,016	1.9911  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	560	1.9873  USD
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	90,201	1.9861  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	22,150	1.9852  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	1,005	1.9852  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	62,720	1.9861  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	50,286	1.9861  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	468	1.9826  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	53,118	1.9861  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	16,827	1.9872  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	4,188	1.9873  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	1,346	1.9826  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	9,373	1.9873  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	30,735	1.9872  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	25,266	1.9872  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	1,582	1.9858  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	1,668	1.9891  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	1,214	1.9841  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	1,455	1.9818  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	3,455	1.9871  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	301	1.9870  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	1,757	1.9871  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Short	6,489	1.9828  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	451	1.9858  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	1,227	1.9858  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	118,495	1.9869  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	69,914	1.9845  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	226	1.9860  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	10,812	1.9847  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	110	1.9870  GBP
LondonMetric Property plc 10p ordinary	SWAP	Closing Short	18,353	1.9870  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	6,763	1.9813  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	7,662	1.9850  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	5,965	1.9827  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	4,628	1.9872  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	19,414	1.9850  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	74,601	1.9835  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:				29 Jul 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

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