Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC

11 August 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:			10 Aug 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:				1,660,933	0.34%	1,649,869	0.34%
(2) Cash-settled derivatives:				1,639,263	0.34%	1,640,830	0.34%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				3,300,196	0.67%	3,290,699	0.67%
Class of relevant security:				LondonMetric Property plc 10p ordinary
				Interests		Short Positions
				Number	(%)	Number	(%)
(1) Relevant securities owned and/or controlled:				21,073,296	0.90%	5,637,660	0.24%
(2) Cash-settled derivatives:				6,471,055	0.28%	16,268,089	0.69%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				27,544,351	1.17%	21,905,749	0.93%
(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	81116	0.4564  GBP	0.4480  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Sale	45978	0.4539  GBP	0.4480  GBP
LondonMetric Property plc 10p ordinary	Purchase	2035016	1.9540  GBP	1.9260  GBP
LondonMetric Property plc 10p ordinary	Sale	764649	1.9540  GBP	1.9260  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	156	0.4494  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	1,569	0.4479  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	470	0.4493  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Long	34,308	0.4480  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Short	5,237	0.4550  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Opening Long	8,099	0.4515  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Opening Short	8,000	0.4526  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	4,376	0.4480  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	5,034	0.4480  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Long	928	0.4508  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Short	3,046	0.4515  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Short	6,485	0.4510  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Short	1,436	0.4539  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	774	1.9473  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	1	1.9394  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	102,477	1.9454  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	38,256	1.9439  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	4	1.9455  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	249,565	1.9350  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	17,885	1.9470  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	274	1.9510  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	32,348	1.9349  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	149,864	1.9480  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	15,536	1.9431  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Short	11,428	1.9351  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Short	50,599	1.9489  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	6,213	1.9390  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	198	1.9415  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	35	1.9390  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	2,975	1.9395  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	8,670	1.9347  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	411	1.9354  USD
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	318	1.9473  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	10,385	1.9352  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	1,295	1.9473  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	878	1.9395  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	22,903	1.9341  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	7,174	1.9352  GBP
LondonMetric Property plc 10p ordinary	SWAP	Opening Short	5,370	1.9352  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	5,898	1.9352  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	2,253	1.9340  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	8,984	1.9436  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	376	1.9316  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	11,164	1.9389  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	1,587	1.9350  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	2,455	1.9482  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	5,501	1.9472  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	62,736	1.9351  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	7,642	1.9350  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Short	8,861	1.9368  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	4,932	1.9347  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	912	1.9340  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	3,589	1.9340  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	9,798	1.9422  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	59,974	1.9419  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	225,778	1.9350  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	2,547	1.9350  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	27,877	1.9468  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	12,030	1.9398  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	2,986	1.9530  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	26,807	1.9352  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	74,705	1.9403  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	131,205	1.9350  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	12,140	1.9484  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	7,165	1.9412  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	21,178	1.9341  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	165,745	1.9437  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:				11 Aug 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

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