Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC

09 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:				08 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:			898,841	0.18%	2,418,569	0.49%
(2)	Cash-settled derivatives:
	and/or controlled:			2,418,569	0.49%	878,738	0.18%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%
	TOTAL:			3,317,410	0.68%	3,297,307	0.67%
Class of relevant security:				LondonMetric Property plc 10p ordinary
				Interests		Short Positions
				Number	(%)	Number	(%)
(1)	Relevant securities owned
	and/or controlled:			16,987,055	0.72%	8,609,032	0.37%
(2)	Cash-settled derivatives:
	and/or controlled:			9,021,872	0.38%	11,507,177	0.49%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%
	TOTAL:			26,008,927	1.11%	20,116,209	0.86%
(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		99,325		0.4441  GBP	0.4336  GBP
LondonMetric Property plc 10p ordinary		Purchase		836,907		1.8400  GBP	1.8159  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		Sale		158,448		0.4460  GBP	0.4325  GBP
LondonMetric Property plc 10p ordinary		Sale		1,315,944		1.8275  GBP	1.8145  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		1,327	1.8207  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		316	1.8249  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		2,639	1.8243  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		3,805	1.8212  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		2,330	1.8229  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		1,854	1.8227  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		800	1.8248  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		148	1.8218  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		27,388	1.8216  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		21	1.8242  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		48,664	1.8250  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		9,841	1.8233  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		12	0.4450  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		97	1.8400  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Increasing Short		5,571	0.4400  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		94,646	1.8249  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		12,800	1.8159  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Increasing Short		6	0.4404  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		4,296	1.8275  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Increasing Short		15,424	0.4400  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Increasing Long		2,647	0.4476  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Increasing Long		4,999	0.4234  GBP
LondonMetric Property plc 10p ordinary		CFD		Decreasing Long		59,272	1.8251  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Decreasing Short		5,040	0.4424  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Increasing Long		11,484	0.4392  GBP
LondonMetric Property plc 10p ordinary		CFD		Decreasing Short		33,247	1.8250  GBP
LondonMetric Property plc 10p ordinary		SWAP		Opening Long		34,784	1.8249  GBP
LondonMetric Property plc 10p ordinary		SWAP		Closing Short		13,848	1.8249  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		5	1.8180  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		5,229	1.8254  USD
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		27,909	1.8245  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		94	1.8251  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		1,591	1.8252  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		188	1.8243  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		1,054	1.8252  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		565	1.8207  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		3,383	1.8207  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		4,174	1.8243  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		10,644	1.8251  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		3,267	1.8253  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		171	1.8248  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		21,327	1.8183  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		3,156	1.8242  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Increasing Short		2	0.4370  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		3,121	1.8244  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Increasing Short		1,381	0.4429  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		1,341	1.8313  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		44,400	1.8207  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		545	0.4411  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		957	1.8250  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Increasing Long		1	0.4300  GBP
LondonMetric Property plc 10p ordinary		CFD		Increasing Short		9,920	1.8233  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		13,848	1.8249  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		396	1.8250  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		496	1.8232  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		328	1.8232  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		144	1.8248  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		3,792	1.8248  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		182	0.4414  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		812	1.8233  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		2,810	0.4400  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		49,166	1.8231  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		42,400	1.8248  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Increasing Short		4,558	0.4400  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		433	1.8250  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		28	1.8144  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Increasing Short		3,877	0.4400  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		4,248	1.8230  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		21,651	0.4400  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		34,236	1.8250  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		849	0.4425  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		16,514	1.8250  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		36	1.8400  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		5,331	0.4445  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		393	1.8160  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		469	0.4400  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		5,430	0.4430  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		6,195	1.8173  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		28,492	0.4438  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		12,026	1.8249  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		10,200	1.8203  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		481	1.8240  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		43,379	1.8246  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		319	1.8250  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		157	1.8250  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		73,590	1.8250  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		10,376	1.8225  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		1,877	1.8174  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		107,255	1.8232  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		1,817	1.8259  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		20,562	1.8248  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:				09 Sep 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END