Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC

13 May 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  relevant securities this form relates:			A CONSORTIUM COMPRISING LONDONMETRIC PROPERTY PLC AND SCHRODER REAL ESTATE INVESTMENT TRUST LIMITED
(c)	Name of the party to the offer with which exempt  principal trader is connected			A CONSORTIUM COMPRISING LONDONMETRIC PROPERTY PLC AND SCHRODER REAL ESTATE INVESTMENT TRUST LIMITED
(d)	Date position held/dealing undertaken:			12 May 2026
(e)	In addition to the company in 1(b) above, is the exempt principal  trader making disclosures in respect of any other party to the offer?			YES:  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:				LondonMetric Property plc 10p ordinary
				Interests		Short Positions
				Number	(%)	Number	(%)
(1) Relevant securities owned and/or controlled:				10,576,894	0.45%	6,588,560	0.28%
(2) Cash-settled derivatives:				7,425,999	0.32%	6,971,527	0.30%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				18,002,893	0.77%	13,560,087	0.58%
Class of relevant security:				Schroder Real Estate Investment Trust Limited ordinary NPV
				Interests		Short Positions
				Number	(%)	Number	(%)
(1) Relevant securities owned and/or controlled:				1,547,002	0.32%	599,626	0.12%
(2) Cash-settled derivatives:				27,368	0.01%	1,105,073	0.23%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				1,574,370	0.32%	1,704,699	0.35%
(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)	Purchase and sales
Class of relevant  security	Purchase/sale	Total number of  securities	Highest price per unit  paid/received	Lowest price per unit  paid/received
LondonMetric Property plc 10p ordinary	Purchase	1589083	1.8550  GBP	1.8379  GBP
LondonMetric Property plc 10p ordinary	Sale	1504633	1.8540  GBP	1.8389  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Purchase	99717	0.4657  GBP	0.4528  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Sale	376655	0.4680  GBP	0.4547  GBP
(b)	Cash-settled derivative transactions
Class of  relevant  security	Product  description	Nature of dealing	Number of  reference  securities	Price per  unit
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	50,732	1.8404  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	6,303	1.8407  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	15,376	1.8416  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	179,052	1.8419  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	452,893	1.8420  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	32,414	1.8421  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	19	1.8426  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	148,577	1.8428  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	28,440	1.8429  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	8,637	1.8450  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	500	1.8457  GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	8,945	1.8466  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	2,571	1.8412  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	11,471	1.8413  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	55,227	1.8418  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	28,269	1.8419  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	113,090	1.8420  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	42,793	1.8421  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	52,741	1.8422  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	41,055	1.8424  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	15,100	1.8427  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	36,771	1.8428  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	187,214	1.8430  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	8,262	1.8431  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	30,500	1.8435  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	16,338	1.8436  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	148	1.8437  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	93,892	1.8438  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	35,176	1.8443  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	33,742	1.8444  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	251,569	1.8449  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	34	1.8460  GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	12,667	1.8463  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	105	0.4567  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	21,407	0.4571  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	33,360	0.4575  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	1,375	0.4585  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	3,362	0.4605  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	197,090	0.4680  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	4,029	0.4569  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	604	0.4580  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	7,428	0.4625  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Short	5,280	0.4619  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Short	50,315	0.4671  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Short	1,100	0.4500  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Short	10,579	0.4579  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Short	4,281	0.4580  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Short	6,048	0.4614  GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Short	2,039	0.4657  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	7,974	1.8403  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	95,354	1.8418  GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	27,021	1.8422  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	1	1.8400  GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	67,321	1.8486  GBP
(c)	Stock-settled derivative transactions  (including options)
(i)	Writing, selling, purchasing or varying
Class  of  relevant  security	Product  description	Writing,  purchasing,  selling,  varying etc	Number  of  securities  to which  option  relates	Exercise  price  per unit	Type	Expiry  date	Option  money  paid/  received  per unit
(ii)	Exercising
Class of relevant  security	Product description	Exercising/ exercised against	Number of  securities	Exercise price per  unit
(d)	Other dealings (including subscribing for new securities)
Class of relevant  security	Nature of Dealings	Details	Price per unit (if  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:				13 May 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END