Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC

03 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:				02 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:			1,054,422	0.22%	1,954,091	0.40%
(2)	Cash-settled derivatives:
	and/or controlled:			1,952,591	0.40%	1,034,319	0.21%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%
	TOTAL:			3,007,013	0.61%	2,988,410	0.61%
Class of relevant security:				LondonMetric Property plc 10p ordinary
				Interests		Short Positions
				Number	(%)	Number	(%)
(1)	Relevant securities owned
	and/or controlled:			18,084,156	0.77%	7,022,934	0.30%
(2)	Cash-settled derivatives:
	and/or controlled:			7,470,802	0.32%	12,633,427	0.54%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%
	TOTAL:			25,554,958	1.09%	19,656,361	0.84%
(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		181,261		0.4240  GBP	0.4160  GBP
LondonMetric Property plc 10p ordinary		Purchase		3,125,410		1.8410  GBP	1.8170  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		Sale		210,297		0.4225  GBP	0.4169  GBP
LondonMetric Property plc 10p ordinary		Sale		2,432,189		1.8391  GBP	1.8200  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		680	1.8283  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		74	1.8308  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		1	1.8221  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		2,131	1.8312  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		1,935	1.8294  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		616	1.8300  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		28,102	1.8303  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		401	1.8335  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		33,381	1.8283  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		4,130	1.8263  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		82,048	1.8220  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		32,009	1.8365  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		7,724	0.4200  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		8,320	1.8220  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		39,483	1.8220  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Increasing Short		3,472	0.4190  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		23,674	1.8219  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		37,926	1.8242  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Increasing Short		1	0.4190  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		32,974	1.8262  GBP
LondonMetric Property plc 10p ordinary		CFD		Closing Long		20,851	1.8221  GBP
LondonMetric Property plc 10p ordinary		CFD		Opening Short		8,714	1.8221  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Increasing Long		5,000	0.4174  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Increasing Long		4,787	0.4224  GBP
LondonMetric Property plc 10p ordinary		CFD		Increasing Long		352	1.8218  GBP
LondonMetric Property plc 10p ordinary		CFD		Decreasing Long		1,528	1.8230  GBP
LondonMetric Property plc 10p ordinary		CFD		Opening Long		33,962	1.8241  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Decreasing Long		5,362	0.4161  GBP
LondonMetric Property plc 10p ordinary		CFD		Decreasing Short		41,742	1.8317  GBP
LondonMetric Property plc 10p ordinary		CFD		Decreasing Long		3,434	1.8246  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		68,312	1.8238  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		6	1.8350  GBP
LondonMetric Property plc 10p ordinary		SWAP		Opening Short		9,150	1.8233  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		29,091	1.8252  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		19,689	1.8229  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		388	1.8283  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		31,572	1.8229  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		1,028	1.8283  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		4,159	1.8233  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		970	1.8233  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		574	1.8233  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		3,351	1.8225  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		4,668	1.8347  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		200	1.8370  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		3,087	1.8264  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		2,548	0.4215  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		1,982	1.8373  GBP
LondonMetric Property plc 10p ordinary		SWAP		Closing Long		294,011	1.8220  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Increasing Short		1,789	0.4189  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		199,773	1.8237  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		3,553	1.8247  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		2,948	0.4190  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		17,982	1.8220  GBP
LondonMetric Property plc 10p ordinary		CFD		Increasing Long		452,049	1.8221  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Increasing Long		3,873	0.4180  GBP
LondonMetric Property plc 10p ordinary		CFD		Increasing Short		19,820	1.8246  GBP
LondonMetric Property plc 10p ordinary		CFD		Closing Long		178,124	1.8220  GBP
LondonMetric Property plc 10p ordinary		CFD		Opening Short		58,897	1.8220  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		254,560	1.8237  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		5,057	1.8273  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		9,928	1.8257  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		1,611	1.8225  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		16,108	1.8257  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		4,423	1.8225  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		2,300	1.8273  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		537	1.8273  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		319	1.8273  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		300	1.8286  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		6,356	1.8269  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		528	0.4200  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		16,400	1.8268  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		67,121	1.8221  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		6,225	0.4200  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		43,021	1.8273  GBP
LondonMetric Property plc 10p ordinary		CFD		Increasing Long		38,606	1.8245  GBP
LondonMetric Property plc 10p ordinary		CFD		Closing Short		58,897	1.8305  GBP
LondonMetric Property plc 10p ordinary		CFD		Opening Long		22,289	1.8305  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		1	1.8321  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		4,735	1.8253  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		2,153	1.8253  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		502	1.8253  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		298	1.8253  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		78,477	1.8229  GBP
LondonMetric Property plc 10p ordinary		SWAP		Closing Short		202,062	1.8220  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		527	0.4210  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		141,441	1.8240  GBP
LondonMetric Property plc 10p ordinary		CFD		Increasing Long		4,272	1.8246  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		824	1.8326  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		4,000	0.4225  GBP
LondonMetric Property plc 10p ordinary		CFD		Closing Long		26,561	1.8219  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		380	1.8255  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		355	1.8290  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		72,988	1.8224  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		57	1.8230  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		60	1.8200  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		6,030	1.8220  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		2,102	1.8253  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		6,005	1.8221  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		302,358	1.8290  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		37,074	1.8261  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		69,300	1.8259  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		303,952	1.8237  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:				03 Sep 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END