Form 8.5 London Metric Property plc, Schroder REIT

Barclays PLC

06 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:			05 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:				1,986,251	0.41%	581,678	0.12%
(2) Cash-settled derivatives:				550,104	0.11%	1,966,148	0.40%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				2,536,355	0.52%	2,547,826	0.52%
Class of relevant security:				LondonMetric Property plc 10p ordinary
				Interests		Short Positions
				Number	(%)	Number	(%)
(1) Relevant securities owned and/or controlled:				18,020,302	0.77%	6,866,257	0.29%
(2) Cash-settled derivatives:				7,788,037	0.33%	13,364,937	0.57%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				25,808,339	1.10%	20,231,194	0.86%
(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	569286	0.4484  GBP	0.4325  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Sale	1004009	0.4485  GBP	0.4323  GBP
LondonMetric Property plc 10p ordinary	Purchase	2108651	1.9845  GBP	1.9743  GBP
LondonMetric Property plc 10p ordinary	Sale	1981239	1.9830  GBP	1.9725  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	Decreasing Short	1,058	0.4485  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	4,905	0.4484  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	23,912	0.4485  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Short	14,895	0.4354  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Long	32,589	0.4351  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Opening Short	11,734	0.4383  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Opening Long	677	0.4402  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Closing Long	8,455	0.4325  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Opening Short	41,679	0.4325  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Opening Long	46,171	0.4323  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Opening Long	125,514	0.4323  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Opening Long	329,924	0.4323  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	20,965	0.4485  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	3,176	0.4485  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Closing Short	90,459	0.4484  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Long	323	0.4365  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Short	6,476	0.4372  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	20,545	0.4348  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	21,165	0.4356  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Short	31,965	0.4415  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	51,370	0.4358  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	65,721	0.4357  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Short	4,579	0.4484  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	79	1.9785  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	3,702	1.9798  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	48,516	1.9781  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	1,723	1.9776  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	63,101	1.9770  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	229,664	1.9845  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	104	1.9980  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	1	1.9800  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	5,998	1.9805  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	168,986	1.9791  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	4,177	1.9770  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	33,818	1.9769  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Short	92,872	1.9787  GBP
LondonMetric Property plc 10p ordinary	CFD	Closing Short	8,866	1.9775  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	164,149	1.9769  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	5,239	1.9774  USD
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	160	1.9766  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	23,283	1.9773  GBP
LondonMetric Property plc 10p ordinary	SWAP	Closing Short	15,693	1.9767  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	3,099	1.9767  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	18	1.9785  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	840	1.9772  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	5	1.9785  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	310	1.9768  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	1,961	1.9772  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	1,468	1.9773  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	2,358	1.9767  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	1,612	1.9772  GBP
LondonMetric Property plc 10p ordinary	SWAP	Closing Long	2,934	1.9779  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	45,597	1.9780  GBP
LondonMetric Property plc 10p ordinary	SWAP	Opening Long	9,812	1.9734  GBP
LondonMetric Property plc 10p ordinary	SWAP	Opening Long	26,675	1.9734  GBP
LondonMetric Property plc 10p ordinary	SWAP	Opening Long	70,118	1.9734  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	227	1.9763  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	74,191	1.9784  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	2,143	1.9767  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	127,564	1.9771  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	68,649	1.9766  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	95,986	1.9771  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	4,863	1.9743  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	414	1.9770  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	77,095	1.9767  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	63,448	1.9767  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	54	1.9764  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	17	1.9764  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	3,287	1.9806  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	18,055	1.9769  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	60,123	1.9770  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	17	1.9770  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	7,551	1.9800  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	5,798	1.9771  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	13,498	1.9737  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	651	1.9780  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	11,465	1.9751  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	11,411	1.9739  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	95,015	1.9770  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	3,421	1.9751  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	22,177	1.9769  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	128,959	1.9784  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	99,480	1.9784  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:				06 Aug 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END