Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC
21 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:

20 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:

Schroder Real Estate Investment Trust Limited ordinary NPV


Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,486,511

0.30%

114,570

0.02%

(2) Cash-settled derivatives:

114,527

0.02%

1,438,665

0.29%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

1,601,038

0.33%

1,553,235

0.32%

Class of relevant security:

LondonMetric Property plc 10p ordinary


Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

17,285,705

0.74%

6,120,282

0.26%

(2) Cash-settled derivatives:

7,263,763

0.31%

14,234,912

0.61%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

24,549,468

1.04%

20,355,194

0.87%

 








(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

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

97935

0.4597  GBP

0.4525  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

109251

0.4631  GBP

0.4525  GBP

LondonMetric Property plc 10p ordinary

Purchase

1460683

1.9355  GBP

1.9190  GBP

LondonMetric Property plc 10p ordinary

Sale

1554778

1.9350  GBP

1.9170  GBP

 








(b)

Cash-settled derivative transactions

Class of

 relevant

 security

Product  description

Nature of dealing

Number of

 reference

 securities

Price per

 unit

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

6,140

0.4575  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

1,011

0.4574  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

5,938

0.4575  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

973

0.4586  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

2,610

0.4597  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

4,589

0.4555  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

7,492

0.4555  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

6,696

0.4602  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

179

1.9251  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

7,114

1.9271  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

77,475

1.9276  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

24,795

1.9261  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

684

1.9248  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

181,869

1.9280  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

5,581

1.9240  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,195

1.9240  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,386

1.9240  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

6,925

1.9202  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

19,462

1.9275  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

78,200

1.9220  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

364

1.9280  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

2,737

1.9098  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

13,034

1.9280  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

28,209

1.9195  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

10,129

1.9212  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

4,000

1.9279  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

15,266

1.9277  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,082

1.9271  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

55

1.9251  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

939

1.9282  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

321

1.9251  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,828

1.9271  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,018

1.9282  GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

26,787

1.9283  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,036

1.9283  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

279

1.9292  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,529

1.9154  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

253

1.9263  GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

5,103

1.9230  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

10,618

1.9260  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,898

1.9290  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

2,737

1.9281  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

3,238

1.9297  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,000

1.9250  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

85

1.9292  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

574

1.9292  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

59,821

1.9280  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

4,568

1.9241  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

132

1.9280  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

6,933

1.9280  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,253

1.9321  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

10,322

1.9250  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

3,423

1.9270  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,593

1.9335  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

2,736

1.9310  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,215

1.9320  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

15,064

1.9275  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

7,545

1.9250  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,668

1.9220  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

102,290

1.9292  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

159,163

1.9219  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:

21 Jul 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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