Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC

31 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:			30 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:				1,649,065	0.34%	136,491	0.03%
(2) Cash-settled derivatives:				136,491	0.03%	1,614,534	0.33%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				1,785,556	0.37%	1,751,025	0.36%
Class of relevant security:				LondonMetric Property plc 10p ordinary
				Interests		Short Positions
(1) Relevant securities owned and/or controlled:				16,821,798	0.72%	7,035,093	0.30%
(2) Cash-settled derivatives:				7,839,520	0.33%	12,353,574	0.53%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				24,661,318	1.05%	19,388,667	0.82%
(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	13243	0.4590  GBP	0.4590  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Sale	7493	0.4600  GBP	0.4590  GBP
LondonMetric Property plc 10p ordinary	Purchase	1544991	1.9920  GBP	1.9676  GBP
LondonMetric Property plc 10p ordinary	Sale	2418613	1.9912  GBP	1.9700  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	2,781	0.4590  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	924	0.4590  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	3,836	0.4590  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Long	4,369	0.4589  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	273	1.9810  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	393	1.9817  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	1,174	1.9796  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	73,977	1.9745  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	32,134	1.9782  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	5,169	1.9823  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	68,702	1.9800  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	4,186	1.9773  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	236	1.9630  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	10,300	1.9704  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	38,047	1.9823  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	52,355	1.9843  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	52,665	1.9799  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Short	74,050	1.9743  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Short	63,405	1.9853  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	1,312	1.9799  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	4,438	1.9773  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	80,207	1.9797  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	28,140	1.9828  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	71	1.9817  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	30	1.9817  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	385	1.9796  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	76	1.9810  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	1,345	1.9802  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	984	1.9823  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	149	1.9810  GBP
LondonMetric Property plc 10p ordinary	SWAP	Closing Long	7,423	1.9814  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	59,535	1.9883  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	137,926	1.9883  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	163,189	1.9883  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	601	1.9818  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	11,060	1.9849  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	2,058	1.9777  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	25,900	1.9893  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	18,859	1.9800  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	467,615	1.9802  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Short	3,864	1.9889  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	168	1.9819  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	346	1.9818  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	27,838	1.9822  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	64,494	1.9822  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	76,306	1.9822  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	82,071	1.9798  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	210,521	1.9800  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	48,949	1.9880  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	11,246	1.9770  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	14,903	1.9829  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	6,858	1.9800  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	12,641	1.9766  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	36,958	1.9797  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	157,896	1.9838  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	32,824	1.9827  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	145,189	1.9800  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	15,592	1.9840  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	5,870	1.9764  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	15,980	1.9851  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	188,918	1.9841  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	1,128	1.9720  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:				31 Jul 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

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