Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC

15 May 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:			14 May 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:				LondonMetric Property plc 10p ordinary
				Interests		Short Positions
				Number	(%)	Number	(%)
(1) Relevant securities owned and/or controlled:				11,039,606	0.47%	6,380,959	0.27%
(2) Cash-settled derivatives:				7,223,369	0.31%	7,452,902	0.32%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				18,262,975	0.78%	13,833,861	0.59%
Class of relevant security:				Schroder Real Estate Investment Trust Limited ordinary NPV
				Interests		Short Positions
				Number	(%)	Number	(%)
(1) Relevant securities owned and/or controlled:				1,548,551	0.32%	620,252	0.13%
(2) Cash-settled derivatives:				55,511	0.01%	1,106,663	0.23%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				1,604,062	0.33%	1,726,915	0.35%
(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
LondonMetric Property plc 10p ordinary	Purchase	1772713	1.8660  GBP	1.8563  GBP
LondonMetric Property plc 10p ordinary	Sale	697495	1.8660  GBP	1.8530  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Purchase	14399	0.4708  GBP	0.4680  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Sale	30490	0.4725  GBP	0.4685  GBP
(b)	Cash-settled derivative transactions
Class of  relevant  security	Product  description	Nature of dealing	Number of  reference  securities	Price per  unit
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	8	1.8510  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	1,524	1.8560  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	98,830	1.8569  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	55,571	1.8572  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	13,481	1.8579  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	4,082	1.8581  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	20,181	1.8582  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	5,900	1.8584  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	15,199	1.8589  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	1,200	1.8637  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	1,697	1.8547  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	3,102	1.8565  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	294,544	1.8570  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	5,270	1.8572  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	56,834	1.8574  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	6,122	1.8576  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	87,328	1.8577  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	96	1.8578  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	22,191	1.8579  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	369,570	1.8580  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	152,357	1.8581  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	4,336	1.8593  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	6,379	1.8594  GBP
LondonMetric Property plc 10p ordinary	SWAP	Opening Short	91,731	1.8595  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	47,347	1.8600  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	31,866	1.8604  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	26,451	1.8613  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	65	0.4695  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	39	0.4698  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	2,413	0.4700  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	520	0.4710  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	498	0.4680  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Short	27,000	0.4712  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Short	6,161	0.4680  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Short	257	0.4700  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	24,507	1.8598  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	1	1.8600  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	253	1.8639  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	2,272	1.8569  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	4,160	1.8570  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	588	1.8571  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	4,779	1.8572  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	82	1.8589  GBP
LondonMetric Property plc 10p ordinary	CFD	Opening Short	17,709	1.8592  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Short	66,793	1.8593  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:				15 May 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

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