Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC
26 June 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:

25 Jun 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:

15,322,526

0.65%

4,802,339

0.20%

(2) Cash-settled derivatives:

6,774,832

0.29%

11,880,107

0.51%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell: 

0

0.00%

0

0.00%

 

 TOTAL:

 

22,097,358

0.94%

16,682,446

0.71%

 








Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV


Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,666,480

0.34%

364,464

0.07%

(2) Cash-settled derivatives:

91,330

0.02%

1,225,304

0.25%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell: 

0

0.00%

0

0.00%

 

 TOTAL:

 

1,757,810

0.36%

1,589,768

0.33%

 
















(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

1831787

1.9213  GBP

1.8920  GBP

LondonMetric Property plc 10p ordinary

Sale

2915442

1.9209  GBP

1.8919  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

89329

0.4645  GBP

0.4550  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

58228

0.4627  GBP

0.4580  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 Long

1,841

1.9180  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,311

1.8989  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

46,281

1.9095  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

23,667

1.9098  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,097

1.9039  GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

661

1.8920  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

111,800

1.8920  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

80,316

1.9032  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

8,807

1.8833  GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

48,683

1.8919  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

32,000

1.9124  GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

33,966

1.9050  GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

8,643

1.9118  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

61,974

1.8921  GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Long

19,488

1.8921  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

3,036

1.8911  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

16,135

1.8921  GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Long

26,149

1.9062  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

329,725

1.9131  GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Long

12

1.9068  GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Short

16,100

1.9068  GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Long

337,500

1.8920  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,979

1.8924  USD

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

64,076

1.9073  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

524

1.8989  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

136

1.8989  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

932

1.9180  GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

70

1.8972  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

7,506

1.9180  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

16,430

1.8946  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,532

1.8977  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

100

1.9060  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

20,791

1.9103  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

284,294

1.8920  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

3,665

1.8850  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

360,484

1.8920  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,901

1.8963  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

1,700

1.8918  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

100,200

1.9159  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

70

1.8977  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

10,794

1.8972  GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

317

1.8972  GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

1,532

1.8972  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

18,957

1.8829  GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

4,742

1.8920  GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

152,013

1.8920  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

16,023

1.9079  GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

866

1.8972  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

428,578

1.8793  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

639

1.8920  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

65,946

1.9175  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

73,037

1.8819  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

539

1.9040  GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Short

34,331

1.8919  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

638

1.8910  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

22,259

1.9208  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

2,180

1.9142  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

18,699

1.9177  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

12,063

1.9131  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,066

1.9146  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

95,825

1.8925  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

17,503

1.9004  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

291

1.9190  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

65,626

1.9135  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

876

1.9188  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

84,095

1.8936  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,122

1.9156  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,636

1.8975  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

96,617

1.8920  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

232

1.8920  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,560

1.9030  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

12,690

1.9197  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

41,054

1.9152  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,941

1.9125  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

211,413

1.9143  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

188,369

1.9144  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

4,608

0.4595  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

5,672

0.4595  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Opening Short

4,513

0.4595  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

1,127

0.4559  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

15,000

0.4645  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

16,523

0.4611  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

1,000

0.4602  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

48,675

0.4627  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

10,655

0.4623  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

1,559

0.4594  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

10,760

0.4595  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:

26 Jun 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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