Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC

02 September 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				A CONSORTIUM COMPRISING LONDONMETRIC PROPERTY PLC AND SCHRODER REAL ESTATE INVESTMENT TRUST LIMITED
	relevant securities this form relates:
(c)	Name of the party to the offer with which exempt				A CONSORTIUM COMPRISING LONDONMETRIC PROPERTY PLC AND SCHRODER REAL ESTATE INVESTMENT TRUST LIMITED
	principal trader is connected
(d)	Date position held/dealing undertaken:				01 Sep 2026
(e)	In addition to the company in 1(b) above, is the exempt principal				YES:
	trader making disclosures in respect of any other party to the offer?				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:			1,073,660	0.22%	1,944,293	0.40%
(2)	Cash-settled derivatives:
	and/or controlled:			1,944,293	0.40%	1,053,557	0.22%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%
	TOTAL:			3,017,953	0.62%	2,997,850	0.61%
Class of relevant security:				LondonMetric Property plc 10p ordinary
				Interests		Short Positions
				Number	(%)	Number	(%)
(1)	Relevant securities owned
	and/or controlled:			17,868,422	0.76%	7,500,421	0.32%
(2)	Cash-settled derivatives:
	and/or controlled:			7,951,864	0.34%	12,522,313	0.53%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%
	TOTAL:			25,820,286	1.10%	20,022,734	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)	Purchases and sales
Class of relevant		Purchase/sale		Total number of		Highest price per unit	Lowest price per unit
security				securities		paid/received	paid/received
Schroder Real Estate Investment Trust Limited ordinary NPV		Purchase		243,506		0.4317  GBP	0.4272  GBP
LondonMetric Property plc 10p ordinary		Purchase		3,059,675		1.8900  GBP	1.8345  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		Sale		525,159		0.4330  GBP	0.4263  GBP
LondonMetric Property plc 10p ordinary		Sale		3,467,923		1.8750  GBP	1.8345  GBP
(b)	Cash-settled derivative transactions
Class of		Product		Nature of dealing		Number of	Price per
relevant		description				reference	unit
security						securities
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		4,673	1.8480  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		67	1.8426  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		6,697	1.8421  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		87,969	1.8558  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		20,327	1.8494  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		7,789	1.8496  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		78,148	1.8400  GBP
LondonMetric Property plc 10p ordinary		SWAP		Opening Short		696,366	1.8400  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		18,342	0.4255  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		29,597	1.8411  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		38,698	1.8400  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Increasing Short		18	0.4255  GBP
LondonMetric Property plc 10p ordinary		SWAP		Closing Short		29,708	1.8399  GBP
LondonMetric Property plc 10p ordinary		SWAP		Opening Long		21,811	1.8399  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		17,600	1.8617  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		205,476	0.4310  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		952	1.8400  GBP
LondonMetric Property plc 10p ordinary		CFD		Opening Long		20,851	1.8898  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Increasing Long		5,000	0.4339  GBP
LondonMetric Property plc 10p ordinary		CFD		Increasing Long		1,073	1.8398  GBP
LondonMetric Property plc 10p ordinary		CFD		Increasing Long		76,007	1.8399  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Decreasing Long		1,474	0.4275  GBP
LondonMetric Property plc 10p ordinary		CFD		Decreasing Short		143,332	1.8452  GBP
LondonMetric Property plc 10p ordinary		CFD		Decreasing Long		24,589	1.8415  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		5,380	1.8650  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		69,254	1.8411  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		6,266	1.8404  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		46	1.8560  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		4,682	1.8409  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		4,274	1.8404  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		4,126	1.8402  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		1,674	1.8480  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		14,240	1.8408  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		334	1.8402  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		796	1.8402  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		4,885	1.8480  GBP
LondonMetric Property plc 10p ordinary		SWAP		Closing Short		25,569	1.8400  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		3,315	1.8404  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		7,002	1.8399  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		100	1.8380  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		2,214	1.8400  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		9,091	0.4300  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		223	1.8530  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		1,909	0.4255  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		44,097	1.8785  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		47,795	1.8600  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		2,380	0.4300  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		10,064	1.8396  GBP
LondonMetric Property plc 10p ordinary		CFD		Decreasing Long		5,616	1.8395  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		2,508	1.8404  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		11	1.8900  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		1,710	1.8404  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		2,317	1.8399  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		26,106	1.8403  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		6,490	1.8399  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		1,326	1.8404  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		279	1.8470  GBP
LondonMetric Property plc 10p ordinary		SWAP		Closing Long		65,908	1.8425  GBP
LondonMetric Property plc 10p ordinary		SWAP		Opening Short		43,269	1.8425  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		3,905	1.8398  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Increasing Short		1	0.4255  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		230,810	1.8400  GBP
LondonMetric Property plc 10p ordinary		CFD		Increasing Long		76,901	1.8457  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		64	1.8695  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		7,119	1.8404  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		3,389	1.8600  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		906	1.8400  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		22,512	0.4255  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		41,160	1.8443  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		3	1.8530  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		4,161	1.8479  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		3,610	0.4295  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		47,112	1.8403  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		58	1.8420  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		14,826	0.4280  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		317	1.8400  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		93,033	1.8546  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		3,162	1.8405  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		13,105	1.8395  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		153,133	1.8400  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		29,583	1.8448  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		55,252	1.8558  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		154,757	1.8433  GBP
(c)	Stock-settled derivative transactions (including options)
(i)	Writing, selling, purchasing or varying
Class	Product	Writing,	Number	Exercise	Type	Expiry	Option
of	description	purchasing,	of	price		date	money
relevant		selling,	securities	per unit			paid/
security		varying etc	to which				received
			option				per unit
			relates
(ii)	Exercising
Class of relevant		Product description		Exercising/ exercised against		Number of	Exercise price per
security						securities	unit
(d)	Other dealings (including subscribing for new securities)
Class of relevant		Nature of Dealings		Details		Price per unit (if
security						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:				02 Sep 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END