Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC

06 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:			03 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:				15,687,694	0.67%	9,059,051	0.39%
(2) Cash-settled derivatives:				10,699,132	0.46%	13,219,777	0.56%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				26,386,826	1.13%	22,278,828	0.95%
Class of relevant security:				Schroder Real Estate Investment Trust Limited ordinary NPV
				Interests		Short Positions
				Number	(%)	Number	(%)
(1) Relevant securities owned and/or controlled:				1,455,390	0.30%	164,775	0.03%
(2) Cash-settled derivatives:				164,775	0.03%	1,304,684	0.27%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				1,620,165	0.33%	1,469,459	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	758366	1.9010  GBP	1.8835  GBP
LondonMetric Property plc 10p ordinary	Sale	1533019	1.9000  GBP	1.8820  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Purchase	54369	0.4650  GBP	0.4575  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Sale	47480	0.4642  GBP	0.4575  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	3,114	1.8936  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	5,768	1.8889  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	29,052	1.8922  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	13,039	1.8887  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	9,314	1.8883  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	12,504	1.8910  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	45	1.8860  GBP
LondonMetric Property plc 10p ordinary	SWAP	Opening Long	484,688	1.8910  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	27,100	1.8965  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	333,477	1.9000  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	12,684	1.8911  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	66,414	1.8904  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	3,647	1.8904  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Short	51,999	1.8867  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	1,120	1.8990  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	103,026	1.8907  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	127	1.8889  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	28	1.8889  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	2,891	1.8907  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	14,856	1.8907  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	926	1.8936  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	4,367	1.8907  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	3,048	1.8936  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	1,402	1.8902  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	4,932	1.8898  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	2	1.8860  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	143,767	1.9000  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Short	288	1.8990  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	4,718	1.8869  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	1,480	1.8898  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	4,463	1.8898  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	120	1.8910  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	437	1.8950  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	54,061	1.8903  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	3,101	1.8860  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	330	1.8910  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	19,370	1.8955  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	7,381	1.8858  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	163,793	1.8910  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	53,740	1.8910  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	3,322	1.8835  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	10,141	1.8870  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	7,341	1.8909  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	608	1.8860  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	4,971	1.8865  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	81,003	1.8910  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	23,130	1.8846  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	2,013	1.8870  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	1,421	1.8950  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	7,752	1.8893  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	24,401	1.8877  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	21,107	1.8913  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	8,966	1.8884  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	1,751	0.4575  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Opening Short	337	0.4575  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	2,241	0.4575  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Long	4,930	0.4632  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Long	426	0.4604  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Long	15,500	0.4613  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Long	27,237	0.4642  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Long	11,094	0.4575  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:				06 Jul 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

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