Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC
13 August 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 Aug 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:

21,454,027

0.91%

5,513,114

0.23%

(2) Cash-settled derivatives:

6,335,506

0.27%

16,574,777

0.71%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell: 

0

0.00%

0

0.00%

 

 TOTAL:

 

27,789,533

1.18%

22,087,891

0.94%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV


Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,692,160

0.35%

1,923,834

0.39%

(2) Cash-settled derivatives:

1,918,561

0.39%

1,672,057

0.34%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell: 

0

0.00%

0

0.00%

 

 TOTAL:

 

3,610,721

0.74%

3,595,891

0.74%

 








(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

1172108

1.9430  GBP

1.9242  GBP

LondonMetric Property plc 10p ordinary

Sale

761898

1.9428  GBP

1.9230  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

135070

0.4557  GBP

0.4425  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

166801

0.4555  GBP

0.4469  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 Short

754

1.9290  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

3,578

1.9306  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

33,279

1.9311  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

243

1.9316  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

268

1.9297  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

132,024

1.9290  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

4,591

1.9293  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

98

1.9350  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

14,122

1.9289  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

19,937

1.9291  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

6,065

1.9290  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

1,520

1.9328  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

1

1.9300  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

41,903

1.9314  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

1,401

1.9369  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1

1.9303  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

5,097

1.9293  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

122

1.9303  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

32

1.9303  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

456

1.9290  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,860

1.9292  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,363

1.9290  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,621

1.9306  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

6,494

1.9284  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,065

1.9293  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

10,963

1.9293  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

406

1.9330  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

2,899

1.9289  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

11,595

1.9289  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,917

1.9306  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

74,007

1.9291  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

21,438

1.9294  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

71,063

1.9322  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

7,502

1.9276  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

1,900

1.9290  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

1,000

1.9258  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

5

1.9256  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

241

1.9330  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

749

1.9330  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

572

1.9387  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

100

1.9290  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

34,101

1.9291  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

28,914

1.9353  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

109,457

1.9290  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

2,287

1.9387  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

251

1.9260  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

17,408

1.9241  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

2,339

1.9353  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

73,543

1.9272  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,026

1.9290  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

10,027

1.9274  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

67,822

1.9290  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

999

1.9310  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

26,404

1.9253  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

168,858

1.9288  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

13,500

1.9384  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

66

0.4502  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

16,206

0.4550  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

198

0.4497  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Opening Long

1,788

0.4540  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

7,480

0.4522  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

5,065

0.4550  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

7,107

0.4550  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

15,198

0.4548  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 Aug 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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