Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC
24 August 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:

21 Aug 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:

17,998,504

0.77%

5,605,930

0.24%

(2) Cash-settled derivatives:

6,077,910

0.26%

12,767,714

0.54%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

24,076,414

1.02%

18,373,644

0.78%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV


Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,883,402

0.39%

1,949,743

0.40%

(2) Cash-settled derivatives:

1,938,557

0.40%

1,863,299

0.38%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

3,821,959

0.78%

3,813,042

0.78%

 
















(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

543311

1.9340  GBP

1.9150  GBP

LondonMetric Property plc 10p ordinary

Sale

1690386

1.9340  GBP

1.9009  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

166679

0.4420  GBP

0.4389  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

69626

0.4415  GBP

0.4375  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 Long

3,262

1.9264  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

32,188

1.9309  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

19,900

1.9254  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

227

1.9306  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

87,966

1.9300  GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

457,440

1.9290  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

13,694

1.9314  GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

25,061

1.9299  GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

42,135

1.9299  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

66,536

1.9241  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

728

1.9300  GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Short

2,858

1.9008  GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Long

1,478

1.9008  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

20,551

1.9298  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

15,373

1.9162  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

15,777

1.9304  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

15

1.9149  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

19,788

1.9287  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

90,882

1.9305  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

5

1.9306  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,506

1.9264  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

14,775

1.9303  GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

5,370

1.9297  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,831

1.9306  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,117

1.9306  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,863

1.9306  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

388

1.9226  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

100

1.9120  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

8,557

1.9302  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

2,733

1.9276  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

77,134

1.9266  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,764

1.9301  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

14,378

1.9293  GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Long

1,478

1.9301  GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Short

2,858

1.9301  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

56

1.9308  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

3,387

1.9226  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

29

1.9170  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,103

1.9302  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

500

1.9230  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

507

1.9219  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,695

1.9194  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,370

1.9320  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

121,604

1.9300  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

7

1.9300  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,533

1.9318  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

246

1.9300  GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

116,899

1.9300  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

7,864

1.9300  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

3

1.9009  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

74,815

1.9297  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

29,547

1.9259  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

16,683

1.9287  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

102,961

1.9286  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

42,278

1.9300  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,621

1.9300  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

3,294

1.9256  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

19,264

1.9262  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,553

1.9290  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

324,923

1.9247  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

3

0.4405  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

1,544

0.4400  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

10

0.4398  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

3,690

0.4419  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

2,000

0.4329  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

1

0.4400  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

437

0.4416  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

785

0.4375  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

1,431

0.4400  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

113,064

0.4400  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

5

0.4400  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Closing Short

356

0.4414  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

1

0.4400  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:

24 Aug 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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