Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC

11 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:				10 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:			981,323	0.20%	141,474	0.03%
(2)	Cash-settled derivatives:
	and/or controlled:			101,628	0.02%	953,349	0.19%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%
	TOTAL:			1,082,951	0.22%	1,094,823	0.22%
Class of relevant security:				LondonMetric Property plc 10p ordinary
				Interests		Short Positions
				Number	(%)	Number	(%)
(1)	Relevant securities owned
	and/or controlled:			16,926,802	0.72%	10,479,050	0.45%
(2)	Cash-settled derivatives:
	and/or controlled:			10,593,317	0.45%	11,306,921	0.48%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%
	TOTAL:			27,520,119	1.17%	21,785,971	0.93%
(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
LondonMetric Property plc 10p ordinary		Purchase		1,026,020		1.7935  GBP	1.7780  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		Purchase		11,846,483		0.8911  GBP	0.4095  GBP
LondonMetric Property plc 10p ordinary		Sale		1,405,877		1.7972  GBP	1.7780  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		Sale		11,421,454		2.8023  GBP	0.4095  GBP
LondonMetric Property plc 10p ordinary		Purchase		2,358,377		0.0000  null	0.0000  null
LondonMetric Property plc 10p ordinary		Sale		2,320,304		0.0000  null	0.0000  null
(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		496	1.7869  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		1	1.7829  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Closing Short		948	0.0000  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Opening Long		7,076	0.0000  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		1,705	0.0000  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		51,670	1.7891  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		18,382	1.7887  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		264	1.7853  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		130,482	1.7780  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		267,554	0.4270  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		30,780	0.0000  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Closing Long		685,210	0.4115  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Opening Short		10,340	0.0000  GBP
LondonMetric Property plc 10p ordinary		SWAP		Opening Short		2,197	0.0000  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		67,600	1.7807  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Increasing Short		192,482	0.0000  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		40,907	0.0000  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Increasing Long		1,083	0.4134  GBP
LondonMetric Property plc 10p ordinary		CFD		Closing Long		178	1.7950  GBP
LondonMetric Property plc 10p ordinary		CFD		Opening Short		188	1.7950  GBP
LondonMetric Property plc 10p ordinary		CFD		Increasing Long		37,069	1.7779  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Closing Short		2,035	0.4117  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Opening Short		21,591	0.0000  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Increasing Long		14,768	0.4131  GBP
LondonMetric Property plc 10p ordinary		CFD		Increasing Short		3,448	1.7940  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Decreasing Short		5,367	0.4259  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Opening Short		10,685	0.0000  GBP
LondonMetric Property plc 10p ordinary		CFD		Opening Short		2,270	0.0000  GBP
LondonMetric Property plc 10p ordinary		SWAP		Closing Long		45,463	1.7819  GBP
LondonMetric Property plc 10p ordinary		SWAP		Opening Short		14,549	1.7819  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		45,886	0.0000  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Opening Short		215,909	0.0000  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		16,633	1.7784  USD
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		49,597	1.7823  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		19	1.7823  GBP
LondonMetric Property plc 10p ordinary		SWAP		Opening Short		59,771	1.7846  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		2,691	1.7838  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		71,724	1.7846  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		334	1.7869  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		39,848	1.7846  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		3,038	1.7838  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		714	1.7869  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		5,215	1.7791  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		361	1.7838  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Closing Long		147,271	0.0000  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Closing Long		400,358	0.0000  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Closing Long		1,052,371	0.0000  GBP
LondonMetric Property plc 10p ordinary		SWAP		Opening Short		83,706	1.7784  USD
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		2,383	1.7808  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		13,860	1.7800  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Increasing Short		144,830	0.0000  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		93,724	1.7794  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Increasing Short		1,252	0.4115  GBP
LondonMetric Property plc 10p ordinary		SWAP		Closing Short		2,197	1.7779  GBP
LondonMetric Property plc 10p ordinary		SWAP		Opening Long		28,370	1.7779  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		25,400	1.7894  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		17,559	0.4114  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		3,544	1.7780  GBP
LondonMetric Property plc 10p ordinary		CFD		Closing Short		188	1.7778  GBP
LondonMetric Property plc 10p ordinary		CFD		Opening Long		34,643	1.7778  GBP
LondonMetric Property plc 10p ordinary		CFD		Decreasing Short		55,690	1.7841  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Closing Short		11,609	0.4175  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		17,097	1.7800  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		4,200	1.7798  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		3,948	1.7782  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		1,407	1.7808  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		11,397	1.7800  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		4,741	1.7798  GBP
LondonMetric Property plc 10p ordinary		SWAP		Closing Short		1,096	1.7808  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		561	1.7798  GBP
LondonMetric Property plc 10p ordinary		SWAP		Opening Short		31,299	0.0000  GBP
LondonMetric Property plc 10p ordinary		SWAP		Opening Short		85,087	0.0000  GBP
LondonMetric Property plc 10p ordinary		SWAP		Opening Short		223,658	0.0000  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		31,959	1.7914  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		77	0.4100  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		1,288	1.7917  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Closing Short		11,592	0.4115  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Opening Long		13,313	0.4115  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		11,265	1.7900  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		74,449	0.4115  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		267	1.7780  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		20,517	1.7800  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		66,174	0.4115  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		5,568	1.7903  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Closing Long		13,313	0.4115  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Opening Short		9,808	0.4115  GBP
LondonMetric Property plc 10p ordinary		SWAP		Closing Long		39,635	1.7843  GBP
LondonMetric Property plc 10p ordinary		SWAP		Opening Short		10,142	1.7843  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		3,798	0.4135  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		13,954	1.7842  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Increasing Short		7,775	0.4270  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		468	1.7845  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Increasing Short		532	0.4115  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		7,945	1.7780  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		13,709	0.4118  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		131,416	1.7780  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Increasing Short		19,778	0.4270  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		68,587	1.7781  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		3,511	1.7864  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		4,033	0.4102  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		60	1.7830  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		15,865	1.7836  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		9,458	0.4127  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		97	1.7780  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		60,974	1.7839  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		247	1.7780  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		2,319	1.7858  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		416	1.7935  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		1,513	1.7861  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		2,269	1.7920  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		20,589	1.7878  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		819	1.7910  GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		104,488	1.7836  GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		25,847	1.7836  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:				11 Sep 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END