Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC
03 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:

02 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:

15,798,377

0.67%

8,395,081

0.36%

(2) Cash-settled derivatives:

10,026,919

0.43%

13,293,955

0.57%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

25,825,296

1.10%

21,689,036

0.92%

 








Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV


Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,452,362

0.30%

168,636

0.03%

(2) Cash-settled derivatives:

168,636

0.03%

1,300,355

0.27%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

1,620,998

0.33%

1,468,991

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

2125559

1.9020  GBP

1.8820  GBP

LondonMetric Property plc 10p ordinary

Sale

1145048

1.8970  GBP

1.8770  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

101990

0.4650  GBP

0.4544  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

77729

0.4646  GBP

0.4552  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

4,160

1.8897  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

34,702

1.8928  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

48,613

1.8941  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

17,300

1.8898  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,055

1.8950  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

32,927

1.8930  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

52,915

1.8929  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

50,784

1.8929  GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

5,966

1.8836  GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

19,068

1.8836  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

4,108

1.8858  GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Long

12,472

1.8931  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

257

1.8931  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

70,785

1.8938  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

849

1.8908  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

44,534

1.8954  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

97,388

1.8954  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

7,053

1.8927  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

10,178

1.8928  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,804

1.8928  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

307,614

1.8938  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,418

1.8942  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

4,008

1.8897  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

6,877

1.8941  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

8,070

1.8942  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

200

1.8885  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

638

1.8965  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

10,175

1.8869  GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

201,406

1.8930  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

5,966

1.8822  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

25,827

1.8929  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

66,381

1.8930  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

27,509

1.8896  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

62,351

1.8882  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,239

1.8897  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

5,914

1.8942  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

225

1.8770  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

187

1.8900  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

32,700

1.8939  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

68,693

1.8930  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

113,893

1.8929  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

5,177

1.8930  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

8,206

1.8971  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

4,086

1.8911  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

91,800

1.8930  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

4,693

1.8893  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

5,021

1.8894  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

4,939

1.8919  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

4,163

1.8910  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

9,372

1.8930  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,349

1.8830  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

53,377

1.8929  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

7,025

1.8847  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

24,961

1.8936  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

19,350

1.8866  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

8,183

1.8880  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

13,944

1.8918  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

12,923

1.8927  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

8,640

1.8926  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

113,199

1.8883  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

149,947

1.8936  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

8,010

0.4635  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

1,564

0.4650  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

1,367

0.4624  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

24,378

0.4628  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

1,633

0.4650  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

10,558

0.4635  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

6,439

0.4632  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

27,252

0.4634  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:

03 Jul 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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