Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC

25 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:			24 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:				17,888,644	0.76%	5,786,395	0.25%
(2) Cash-settled derivatives:				6,239,680	0.27%	12,633,343	0.54%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				24,128,324	1.03%	18,419,738	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:				1,819,540	0.37%	1,946,743	0.40%
(2) Cash-settled derivatives:				1,943,323	0.40%	1,799,437	0.37%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				3,762,863	0.77%	3,746,180	0.77%
(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	508659	1.9402  GBP	1.9253  GBP
LondonMetric Property plc 10p ordinary	Sale	798984	1.9401  GBP	1.9260  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Purchase	714742	0.4397  GBP	0.4340  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Sale	775604	0.4400  GBP	0.4345  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	6	1.9363  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	3,144	1.9353  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	45,965	1.9346  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	23,097	1.9338  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	2	1.9300  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	17,933	1.9400  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	86,733	1.9399  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	51,818	1.9335  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	4,146	1.9389  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	4,735	1.9363  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Short	29,006	1.9355  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Short	9,887	1.9364  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	6,212	1.9361  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	439	1.9286  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	28,900	1.9352  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	14,351	1.9397  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	9,711	1.9397  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	725	1.9403  USD
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	29,541	1.9396  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	4,718	1.9402  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	22,379	1.9398  GBP
LondonMetric Property plc 10p ordinary	SWAP	Opening Short	653	1.9397  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	1,200	1.9353  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	5,549	1.9383  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	21,638	1.9397  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	2,648	1.9397  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	2,726	1.9328  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	3,361	1.9377  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	11,382	1.9401  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	946	1.9390  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	42,813	1.9399  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Short	18,245	1.9261  GBP
LondonMetric Property plc 10p ordinary	CFD	Closing Short	10,632	1.9387  GBP
LondonMetric Property plc 10p ordinary	CFD	Opening Long	10,482	1.9387  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	113	1.9343  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	947	1.9347  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	3,724	1.9325  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	3,383	1.9308  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	770	1.9400  GBP
LondonMetric Property plc 10p ordinary	CFD	Closing Long	10,482	1.9293  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	42	1.9380  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	263	1.9400  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	122,559	1.9400  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	3	1.9299  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	21,363	1.9393  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	8,454	1.9386  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	34	1.9345  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	44,613	1.9400  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	3,738	1.9362  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	127	1.9353  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	17,851	1.9351  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	11,564	1.9355  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	112	1.9399  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	1,231	1.9350  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	22	1.9399  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	7,650	1.9358  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	224	1.9323  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	8,675	1.9316  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	23,808	1.9352  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	2	0.4397  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	5,419	0.4340  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	7	0.4385  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Long	5,000	0.4379  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Short	2,197	0.4375  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Long	234	0.4400  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	1,048	0.4385  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	1,200	0.4385  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	509	0.4340  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	6,320	0.4340  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	679	0.4345  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	12,075	0.4364  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	24,107	0.4362  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	22,957	0.4385  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:				25 Aug 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

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