Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC
27 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:

24 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:

1,614,620

0.33%

156,816

0.03%

(2) Cash-settled derivatives:

156,813

0.03%

1,573,731

0.32%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

1,771,433

0.36%

1,730,547

0.35%

Class of relevant security:

LondonMetric Property plc 10p ordinary


Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

17,896,027

0.76%

5,773,669

0.25%

(2) Cash-settled derivatives:

7,251,008

0.31%

14,169,849

0.60%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

25,147,035

1.07%

19,943,518

0.85%

 








(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

20214

0.4600  GBP

0.4545  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

29773

0.4600  GBP

0.4562  GBP

LondonMetric Property plc 10p ordinary

Purchase

1212493

1.9540  GBP

1.9310  GBP

LondonMetric Property plc 10p ordinary

Sale

789586

1.9540  GBP

1.9298  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

427

0.4600  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

4,159

0.4600  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

395

0.4600  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

2,060

0.4569  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

18,117

0.4563  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

2,307

0.4600  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,089

1.9425  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,241

1.9441  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

3,439

1.9445  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

7,263

1.9442  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

3,746

1.9369  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,612

1.9379  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

133,960

1.9510  GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

31,654

1.9449  GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

6,177

1.9449  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

464

1.9330  GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

104,937

1.9510  GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

61,665

1.9459  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

81,175

1.9356  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,145

1.9499  GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Long

27,561

1.9511  GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Short

253

1.9511  GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Long

13,221

1.9389  GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Short

41,450

1.9367  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

14,707

1.9510  GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

6,549

1.9449  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

84,976

1.9507  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

15,569

1.9446  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

193

1.9441  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

151

1.9441  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

29,414

1.9512  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,015

1.9445  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

313

1.9425  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,326

1.9512  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,066

1.9425  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

943

1.9445  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,004

1.9507  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

698

1.9496  GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

18,911

1.9425  GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

361

1.9425  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

9,710

1.9344  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

42,868

1.9495  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

12,997

1.9475  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

44,825

1.9511  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

15,968

1.9353  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

5,930

1.9381  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,753

1.9509  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

197

1.9496  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

596

1.9512  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

628

1.9496  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

56

1.9510  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

11,950

1.9425  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

140

1.9477  GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

74,662

1.9394  GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

7,116

1.9394  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

25,292

1.9510  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

996

1.9418  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

5,788

1.9459  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

10,024

1.9425  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

82,424

1.9510  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

22,898

1.9351  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,026

1.9457  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

36,919

1.9426  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

38,116

1.9507  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

20,929

1.9404  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

5,110

1.9351  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

4,535

1.9358  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

8,792

1.9510  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

15,464

1.9337  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

10,390

1.9446  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

149,007

1.9436  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:

27 Jul 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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