Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC

18 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:			15 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:				10,925,593	0.47%	6,147,839	0.26%
(2) Cash-settled derivatives:				7,151,441	0.30%	7,764,369	0.33%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				18,077,034	0.77%	13,912,208	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:				1,542,162	0.32%	642,048	0.13%
(2) Cash-settled derivatives:				81,216	0.02%	1,100,255	0.22%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				1,623,378	0.33%	1,742,303	0.36%
(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	2166047	1.8400  GBP	1.8040  GBP
LondonMetric Property plc 10p ordinary	Sale	2046940	1.8520  GBP	1.8040  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Purchase	17708	0.4768  GBP	0.4669  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Sale	45893	0.4767  GBP	0.4649  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	Decreasing Short	34,000	1.8092  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	2,808	1.8137  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	11,445	1.8151  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	15,783	1.8161  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	4,054	1.8192  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	22,715	1.8199  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	57,318	1.8217  GBP
LondonMetric Property plc 10p ordinary	SWAP	Opening Long	344,052	1.8219  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	38,620	1.8220  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	15,312	1.8229  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	6,652	1.8247  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	97,327	1.8267  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	5,094	1.8334  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	196,179	1.8177  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	131,995	1.8189  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	3,855	1.8196  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	19,980	1.8199  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	119,801	1.8203  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	12,413	1.8206  GBP
LondonMetric Property plc 10p ordinary	SWAP	Opening Short	38,301	1.8207  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	44,566	1.8209  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	16,553	1.8217  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	379,428	1.8220  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	32,052	1.8227  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	10,119	1.8229  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	3,193	1.8230  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	77	1.8235  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	48,595	1.8255  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	97,600	1.8258  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	280	1.8291  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	9,555	1.8294  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	179	1.8381  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	839	1.8397  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	1,708	0.4659  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	915	0.4675  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	22	0.4677  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	3,568	0.4690  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	62	0.4690  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Short	1,369	0.4649  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Short	28,346	0.4691  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Short	291	0.4750  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Short	34	0.4670  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Short	4,010	0.4690  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Short	1	1.8100  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Short	3,066	1.8142  GBP
LondonMetric Property plc 10p ordinary	CFD	Opening Long	130,922	1.8156  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	165,372	1.8183  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	39,892	1.8218  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	45,276	1.8219  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	24,000	1.8265  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	209,870	1.8082  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	20,618	1.8189  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	19,510	1.8235  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	31,546	1.8236  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:				18 May 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

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