Form 8.5- LondonMetric Property & Schroder REIT

Barclays PLC

10 September 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				A CONSORTIUM COMPRISING LONDONMETRIC PROPERTY PLC AND SCHRODER REAL ESTATE INVESTMENT TRUST LIMITED
	relevant securities this form relates:
(c)	Name of the party to the offer with which exempt				A CONSORTIUM COMPRISING LONDONMETRIC PROPERTY PLC AND SCHRODER REAL ESTATE INVESTMENT TRUST LIMITED
	principal trader is connected
(d)	Date position held/dealing undertaken:				09 Sep 2026
(e)	In addition to the company in 1(b) above, is the exempt principal				YES:
	trader making disclosures in respect of any other party to the offer?				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:			809,059	0.17%	2,452,028	0.50%
(2)	Cash-settled derivatives:
	and/or controlled:			2,452,028	0.50%	805,932	0.16%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%
	TOTAL:			3,261,087	0.67%	3,257,960	0.67%
Class of relevant security:				LondonMetric Property plc 10p ordinary
				Interests		Short Positions
				Number	(%)	Number	(%)
(1)	Relevant securities owned
	and/or controlled:			16,429,780	0.70%	10,077,583	0.43%
(2)	Cash-settled derivatives:
	and/or controlled:			10,502,332	0.45%	11,056,993	0.47%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%
	TOTAL:			26,932,112	1.15%	21,134,576	0.90%
(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)	Purchases and sales
Class of relevant		Purchase/sale		Total number of		Highest price per unit	Lowest price per unit
security				securities		paid/received	paid/received
Schroder Real Estate Investment Trust Limited ordinary NPV		Purchase		358,849		0.4420  GBP	0.4175  GBP
LondonMetric Property plc 10p ordinary		Purchase		2,469,408		1.8180  GBP	1.7881  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		Sale		482,090		0.4420  GBP	0.4175  GBP
LondonMetric Property plc 10p ordinary		Sale		4,495,234		1.8171  GBP	1.7880  GBP
(b)	Cash-settled derivative transactions
Class of		Product		Nature of dealing		Number of	Price per
relevant		description				reference	unit
security						securities
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		238	1.7971  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		11,196	1.7987  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		4,094	1.8074  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		3,151	1.8048  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		1,786	1.8037  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		7,358	1.8093  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		607	1.7936  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		26,004	1.8071  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		388	1.7998  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		100,591	1.7950  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		13,871	1.7979  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Increasing Short		45,171	0.4175  GBP
LondonMetric Property plc 10p ordinary		SWAP		Closing Short		179,315	1.7951  GBP
LondonMetric Property plc 10p ordinary		SWAP		Opening Long		217,296	1.7951  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Increasing Long		9,003	0.4281  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		37,982	1.7950  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Increasing Short		2,152	0.4175  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		32,921	1.7949  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		132,230	1.7951  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Increasing Short		28,164	0.4256  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		15,129	1.8010  GBP
LondonMetric Property plc 10p ordinary		CFD		Closing Short		8,714	1.7948  GBP
LondonMetric Property plc 10p ordinary		CFD		Opening Long		67,772	1.7948  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Increasing Long		4,792	0.4291  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Increasing Long		5,000	0.4354  GBP
LondonMetric Property plc 10p ordinary		CFD		Decreasing Long		133,224	1.7951  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Decreasing Short		20,631	0.4279  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Increasing Long		14,664	0.4322  GBP
LondonMetric Property plc 10p ordinary		CFD		Decreasing Short		64,642	1.8043  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Opening Short		19,233	0.4299  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		3,169	1.7945  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		11	1.8159  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		3,044	1.7954  USD
LondonMetric Property plc 10p ordinary		SWAP		Opening Long		12,445	1.7966  GBP
LondonMetric Property plc 10p ordinary		SWAP		Closing Short		8,390	1.7966  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		4,551	1.7987  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		2,080	1.7957  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		28,406	1.7945  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		15	1.7926  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		16,643	1.7945  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		81	1.7927  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		4,667	1.7987  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		3,743	1.7930  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		9,435	1.7945  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		749	1.7869  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		2,438	1.7957  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		800	1.7948  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Increasing Short		14,448	0.4269  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		679,335	1.7950  GBP
LondonMetric Property plc 10p ordinary		SWAP		Closing Long		234,172	1.7950  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		21,045	0.4175  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		34,444	1.7955  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		42,170	1.7997  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		355	0.4315  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		30,807	1.7950  GBP
LondonMetric Property plc 10p ordinary		CFD		Increasing Long		146,520	1.7915  GBP
LondonMetric Property plc 10p ordinary		CFD		Increasing Short		2,720	1.8012  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Decreasing Short		8,968	0.4293  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		9	1.7901  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		8,390	1.7997  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		2,127	1.7952  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		236	1.8107  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		200	1.7895  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		118	0.4299  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		558	1.8180  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Increasing Short		1,385	0.4254  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		37,761	1.8043  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		23,600	1.8091  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Increasing Short		52,174	0.4175  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		901,727	1.7950  GBP
LondonMetric Property plc 10p ordinary		CFD		Increasing Long		57,009	1.7987  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Increasing Short		32,340	0.4300  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		2,476	1.7960  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		6,115	0.4283  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		321	1.8080  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		7,405	0.4175  GBP
LondonMetric Property plc 10p ordinary		SWAP		Closing Short		236,479	1.7950  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		11,100	0.4272  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		33,264	1.8040  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Decreasing Short		25,629	0.4200  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		30,713	0.4281  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		278	1.8020  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		2,396	0.4175  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		14,811	0.4293  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		62,206	1.8004  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		56	1.7900  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Closing Short		118,587	0.4175  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		15,333	1.8018  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		2,549	1.8017  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		11,160	1.7950  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		301	1.8030  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		7,363	1.7889  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		489,952	1.8170  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		36,263	1.8053  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		757	1.8030  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		186,962	1.7979  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		17,187	1.8007  GBP
(c)	Stock-settled derivative transactions (including options)
(i)	Writing, selling, purchasing or varying
Class	Product	Writing,	Number	Exercise	Type	Expiry	Option
of	description	purchasing,	of	price		date	money
relevant		selling,	securities	per unit			paid/
security		varying etc	to which				received
			option				per unit
			relates
(ii)	Exercising
Class of relevant		Product description		Exercising/ exercised against		Number of	Exercise price per
security						securities	unit
(d)	Other dealings (including subscribing for new securities)
Class of relevant		Nature of Dealings		Details		Price per unit (if
security						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:				10 Sep 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END