Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC

02 July 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:			01 Jul 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:				15,456,212	0.66%	9,033,427	0.39%
(2) Cash-settled derivatives:				10,652,749	0.45%	12,895,981	0.55%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				26,108,961	1.11%	21,929,408	0.94%
Class of relevant security:				Schroder Real Estate Investment Trust Limited ordinary NPV
				Interests		Short Positions
				Number	(%)	Number	(%)
(1) Relevant securities owned and/or controlled:				1,438,781	0.29%	179,316	0.04%
(2) Cash-settled derivatives:				179,316	0.04%	1,278,590	0.26%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				1,618,097	0.33%	1,457,906	0.30%
(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	1763847	1.8812  GBP	1.8580  GBP
LondonMetric Property plc 10p ordinary	Sale	3177618	1.8810  GBP	1.8590  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Purchase	93022	0.4629  GBP	0.4580  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Sale	109922	0.4646  GBP	0.4601  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 Short	2,053	1.8644  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	28,363	1.8727  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	388	1.8705  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	34,812	1.8674  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	16,768	1.8671  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	575	1.8756  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	23,720	1.8810  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	129,848	1.8809  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	51,201	1.8809  GBP
LondonMetric Property plc 10p ordinary	SWAP	Closing Long	19,466	1.8645  GBP
LondonMetric Property plc 10p ordinary	SWAP	Opening Short	3,234	1.8645  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	365,046	1.8680  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	3,902	1.8798  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	132,858	1.8773  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	2,386	1.8757  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Short	13,107	1.8674  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	816	1.8699  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	2,767	1.8813  USD
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	16,830	1.8727  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	6,022	1.8727  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	60,265	1.8807  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	638	1.8644  GBP
LondonMetric Property plc 10p ordinary	SWAP	Opening Short	2,458	1.8812  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	1,543	1.8644  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	5,788	1.8795  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	3,717	1.8718  GBP
LondonMetric Property plc 10p ordinary	SWAP	Opening Long	57,467	1.8722  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	6,466	1.8775  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	400	1.8684  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	600	1.8722  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	222	1.8697  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	6,025	1.8736  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	54,148	1.8804  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	29,346	1.8810  GBP
LondonMetric Property plc 10p ordinary	SWAP	Closing Short	3,234	1.8696  GBP
LondonMetric Property plc 10p ordinary	SWAP	Opening Long	5,966	1.8696  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	2,977	1.8810  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	3,902	1.8811  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	67,753	1.8810  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Short	82,555	1.8638  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	7,008	1.8653  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	2,010	1.8775  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	5,675	1.8775  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	403	1.8647  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	1,613	1.8647  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	10,486	1.8698  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	280,400	1.8810  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	9	1.8810  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	8,112	1.8639  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	31	1.8690  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	6,112	1.8658  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	7,647	1.8698  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	53,961	1.8694  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	3	1.8810  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	3,023	1.8710  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	151,365	1.8810  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	9,561	1.8675  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	60,384	1.8810  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	280,400	1.8810  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	6,828	1.8810  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	7,614	1.8680  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	11,227	1.8770  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	2,601	1.8709  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	41,859	1.8659  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	28,704	1.8672  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	62,618	1.8645  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	2,557	1.8705  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	386,821	1.8730  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	68,677	1.8704  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	7,827	1.8713  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	877	0.4640  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	3,562	0.4605  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Short	8,817	0.4605  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Long	932	0.4592  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Long	1,247	0.4640  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	3,700	0.4605  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	2,350	0.4620  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Long	20,000	0.4646  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	2,317	0.4620  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Long	3,140	0.4605  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:				02 Jul 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

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