Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC

04 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:				03 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:			1,047,813	0.21%	2,143,802	0.44%
(2)	Cash-settled derivatives:
	and/or controlled:			2,143,802	0.44%	1,027,710	0.21%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%
	TOTAL:			3,191,615	0.65%	3,171,512	0.65%
Class of relevant security:				LondonMetric Property plc 10p ordinary
				Interests		Short Positions
				Number	(%)	Number	(%)
(1)	Relevant securities owned
	and/or controlled:			17,792,644	0.76%	8,440,606	0.36%
(2)	Cash-settled derivatives:
	and/or controlled:			8,884,087	0.38%	12,341,431	0.52%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%
	TOTAL:			26,676,731	1.13%	20,782,037	0.88%
(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		116,398		0.4240  GBP	0.4185  GBP
LondonMetric Property plc 10p ordinary		Purchase		1,031,524		1.8420  GBP	1.8229  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		Sale		312,718		0.4231  GBP	0.4197  GBP
LondonMetric Property plc 10p ordinary		Sale		2,740,708		1.8420  GBP	1.8221  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		4,584	1.8391  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		30	1.8310  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		3,140	1.8350  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		3,945	1.8265  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		2,880	1.8270  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		1,842	1.8270  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		61,182	1.8282  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		208	1.8338  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		30,816	1.8276  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		21,039	1.8381  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		57,167	1.8420  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Increasing Short		107	0.4224  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		124,961	1.8419  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Increasing Long		187,020	0.4206  GBP
LondonMetric Property plc 10p ordinary		SWAP		Opening Long		305,100	1.8420  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Increasing Short		1,242	0.4230  GBP
LondonMetric Property plc 10p ordinary		SWAP		Opening Long		39,989	1.8419  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		16,600	1.8285  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Increasing Short		1,569	0.4226  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		33,913	1.8418  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Increasing Long		5,000	0.4208  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Increasing Long		3,980	0.4184  GBP
LondonMetric Property plc 10p ordinary		CFD		Increasing Long		3,878	1.8259  GBP
LondonMetric Property plc 10p ordinary		CFD		Increasing Long		112,412	1.8384  GBP
LondonMetric Property plc 10p ordinary		CFD		Increasing Long		34,063	1.8358  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Decreasing Long		4,789	0.4218  GBP
LondonMetric Property plc 10p ordinary		CFD		Increasing Short		34,221	1.8311  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		145,587	1.8382  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		1	1.8291  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		30,899	1.8349  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		69	1.8310  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		3,283	1.8409  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		1,513	1.8391  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		29,914	1.8409  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		3,840	1.8391  GBP
LondonMetric Property plc 10p ordinary		SWAP		Opening Short		27,785	1.8399  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		1,616	1.8347  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		511	1.8347  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		8,690	1.8347  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		1,622	1.8267  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		1,030	1.8331  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		2,772	0.4215  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		1,814	1.8230  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		7,843	0.4230  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		8,330	1.8347  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		131	0.4230  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		11,731	1.8310  GBP
LondonMetric Property plc 10p ordinary		CFD		Increasing Long		1,520	1.8326  GBP
LondonMetric Property plc 10p ordinary		CFD		Increasing Long		397,904	1.8406  GBP
LondonMetric Property plc 10p ordinary		CFD		Decreasing Short		317	1.8316  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		6	1.8230  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		535	1.8267  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		1,306	1.8267  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		1,519	1.8419  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		480	1.8419  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		8,171	1.8419  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		2,811	0.4215  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		510	1.8237  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		1,195	0.4230  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		77,011	1.8361  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Increasing Short		13,116	0.4217  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		2,287	1.8420  GBP
LondonMetric Property plc 10p ordinary		CFD		Decreasing Long		386	1.8421  GBP
LondonMetric Property plc 10p ordinary		CFD		Increasing Long		31,000	1.8350  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		179,605	1.8370  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		11,234	0.4208  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		955	1.8287  GBP
LondonMetric Property plc 10p ordinary		SWAP		Closing Long		108,670	1.8420  GBP
LondonMetric Property plc 10p ordinary		SWAP		Opening Short		60,029	1.8420  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Increasing Short		3,343	0.4235  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		172,726	1.8420  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		50	1.8234  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		6,096	1.8281  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		28,713	1.8290  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		1,637	1.8419  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		12,030	1.8418  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		56,964	1.8322  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		2,714	1.8256  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		1,152	1.8250  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		763	1.8420  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		37,514	1.8320  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		145,935	1.8291  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		29,335	1.8279  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:				04 Sep 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END