Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC

30 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:			29 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:				16,599,955	0.71%	5,939,628	0.25%
(2) Cash-settled derivatives:				7,338,725	0.31%	12,740,362	0.54%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				23,938,680	1.02%	18,679,990	0.79%
Class of relevant security:				Schroder Real Estate Investment Trust Limited ordinary NPV
				Interests		Short Positions
				Number	(%)	Number	(%)
(1) Relevant securities owned and/or controlled:				1,647,779	0.34%	140,955	0.03%
(2) Cash-settled derivatives:				140,860	0.03%	1,606,993	0.33%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				1,788,639	0.37%	1,747,948	0.36%
(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	920112	1.9830  GBP	1.9630  GBP
LondonMetric Property plc 10p ordinary	Sale	1251479	1.9834  GBP	1.9634  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Purchase	114832	0.4598  GBP	0.4576  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Sale	111417	0.4590  GBP	0.4580  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	Decreasing Short	1,325	1.9687  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	289	1.9736  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	7,555	1.9710  GBP
LondonMetric Property plc 10p ordinary	SWAP	Closing Short	5	1.9717  GBP
LondonMetric Property plc 10p ordinary	SWAP	Opening Long	149,727	1.9717  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	29,860	1.9690  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	994	1.9745  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	19,672	1.9790  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	4,772	1.9757  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	2,187	1.9803  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	44,007	1.9789  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	19,512	1.9791  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	326	1.9830  GBP
LondonMetric Property plc 10p ordinary	CFD	Closing Short	253	1.9788  GBP
LondonMetric Property plc 10p ordinary	CFD	Opening Long	141,326	1.9788  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	3,351	1.9871  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	22	1.9790  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Short	33,791	1.9712  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	9,962	1.9767  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	5,059	1.9757  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	14,306	1.9787  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	27,145	1.9728  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	77	1.9736  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	28	1.9736  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	2,186	1.9710  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	6,999	1.9775  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	5,617	1.9775  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	379	1.9687  GBP
LondonMetric Property plc 10p ordinary	SWAP	Closing Short	442	1.9787  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	315	1.9767  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	1,048	1.9687  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	3,009	1.9710  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	18,566	1.9752  GBP
LondonMetric Property plc 10p ordinary	SWAP	Closing Short	32,587	1.9712  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	1,084	1.9740  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	1,200	1.9689  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	113,408	1.9794  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	54,888	1.9722  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	350	1.9814  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	3,351	1.9788  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	307	1.9740  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	788	1.9740  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	123	1.9825  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	2,344	1.9790  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	54,378	1.9766  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	13,953	1.9674  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	6,637	1.9682  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	1,352	1.9790  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	43	1.9790  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	45,808	1.9790  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	3,040	1.9645  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	21,848	1.9651  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	2,903	1.9680  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	8,341	1.9680  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	15,268	1.9790  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	76,505	1.9672  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	10,337	1.9650  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	14,259	1.9673  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	6,117	1.9659  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	81,877	1.9684  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	68,632	1.9671  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	2,924	0.4580  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	271	0.4580  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	3,269	0.4580  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Closing Long	269	0.4585  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Long	8,334	0.4576  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Long	4,442	0.4598  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Long	15,552	0.4583  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:				30 Jul 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

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