Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC

07 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:				04 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:			978,783	0.20%	2,135,335	0.44%
(2)	Cash-settled derivatives:
	and/or controlled:			2,135,335	0.44%	958,680	0.20%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%
	TOTAL:			3,114,118	0.64%	3,094,015	0.63%
Class of relevant security:				LondonMetric Property plc 10p ordinary
				Interests		Short Positions
				Number	(%)	Number	(%)
(1)	Relevant securities owned
	and/or controlled:			17,422,540	0.74%	8,533,217	0.36%
(2)	Cash-settled derivatives:
	and/or controlled:			8,954,550	0.38%	11,953,308	0.51%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%
	TOTAL:			26,377,090	1.12%	20,486,525	0.87%
(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		142,845		0.4361  GBP	0.4267  GBP
LondonMetric Property plc 10p ordinary		Purchase		723,759		1.8500  GBP	1.8360  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		Sale		203,408		0.4371  GBP	0.4255  GBP
LondonMetric Property plc 10p ordinary		Sale		1,203,793		1.8500  GBP	1.8360  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		7,206	1.8452  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		513	1.8442  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		992	1.8398  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		66	1.8474  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		8,402	1.8402  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		200	1.8410  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		159	1.8410  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		5,009	1.8450  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		1,937	1.8445  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Increasing Short		4,702	0.4255  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		2,156	1.8430  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		39,302	1.8450  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		4,057	0.4254  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		18,282	1.8449  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		117,519	1.8429  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Increasing Short		5,471	0.4255  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		7,175	1.8464  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Increasing Short		22,240	0.4255  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Increasing Long		5,000	0.4328  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Increasing Long		5,000	0.4224  GBP
LondonMetric Property plc 10p ordinary		CFD		Increasing Long		114,176	1.8450  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Increasing Long		19,032	0.4359  GBP
LondonMetric Property plc 10p ordinary		CFD		Increasing Short		10,432	1.8456  GBP
LondonMetric Property plc 10p ordinary		SWAP		Closing Long		2,605	1.8471  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		141,133	1.8444  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		18	1.8444  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		2,643	1.8453  USD
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		43,784	1.8449  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		3,263	1.8452  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		925	1.8454  USD
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		2,633	1.8452  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		273	1.8453  GBP
LondonMetric Property plc 10p ordinary		SWAP		Opening Short		2,991	1.8462  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		472	1.8462  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		6,173	1.8459  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		7,819	1.8452  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		1,025	1.8456  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		2,255	1.8472  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		5,374	1.8435  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		3,659	1.8448  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		17,572	1.8450  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		8,180	1.8453  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Increasing Short		798	0.4255  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		301	1.8460  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Increasing Short		1,511	0.4386  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		34,857	1.8436  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		14,981	1.8448  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Increasing Short		2,397	0.4255  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		66,593	1.8449  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Decreasing Long		30,129	0.4255  GBP
LondonMetric Property plc 10p ordinary		CFD		Increasing Long		40,502	1.8449  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Decreasing Long		7,370	0.4350  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		1,324	1.8450  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		2,021	1.8435  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		3,659	1.8466  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		576	1.8466  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		10,968	1.8466  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		5,984	1.8435  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		8,100	1.8467  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		103	1.8412  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		14,583	0.4355  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		7,375	1.8445  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		5,825	0.4255  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		12,480	1.8473  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		3,138	0.4355  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		87	1.8450  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		19	1.8485  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		2,643	0.4335  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		1,914	1.8477  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		12,865	1.8450  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		11,621	0.4352  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		7,814	1.8450  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		1	1.8431  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		25,984	0.4371  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		62	1.8480  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		38,298	0.4371  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		18,221	1.8481  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		25,414	1.8448  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		21,571	1.8457  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		1,039	1.8460  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		1,391	1.8360  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		65	1.8360  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		4,637	1.8450  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		193	1.8490  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		75	1.8487  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		2,842	1.8450  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		16,810	1.8456  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		7,936	1.8451  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		69,087	1.8452  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:				07 Sep 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END