Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Barclays PLC
14 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:

13 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:

Schroder Real Estate Investment Trust Limited ordinary NPV


Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,708,995

0.35%

1,921,543

0.39%

(2) Cash-settled derivatives:

1,916,270

0.39%

1,688,892

0.35%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

3,625,265

0.74%

3,610,435

0.74%

Class of relevant security:

LondonMetric Property plc 10p ordinary


Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

21,604,800

0.92%

5,584,613

0.24%

(2) Cash-settled derivatives:

6,103,362

0.26%

16,418,798

0.70%

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

0

0.00%

0

0.00%

 








(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

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

67093

0.4609  GBP

0.4579  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

47967

0.4624  GBP

0.4580  GBP

LondonMetric Property plc 10p ordinary

Purchase

1818612

1.9450  GBP

1.9270  GBP

LondonMetric Property plc 10p ordinary

Sale

1739338

1.9481  GBP

1.9270  GBP

 








(b)

Cash-settled derivative transactions

Class of

 relevant

 security

Product  description

Nature of dealing

Number of

 reference

 securities

Price per

 unit

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

43

0.4592  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

2,615

0.4600  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

129

0.4592  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

2,000

0.4574  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

1,788

0.4599  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

490

0.4579  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Opening Short

53,826

0.4587  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

2,424

0.4600  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

3,090

0.4600  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

6,569

0.4601  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

28,970

0.4600  GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

64

0.4625  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

202

1.9336  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,915

1.9387  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

119,581

1.9386  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

840

1.9399  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,794

1.9383  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

173,695

1.9400  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

9,482

1.9320  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

7,281

1.9388  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

26,501

1.9399  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

17,100

1.9413  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

96,081

1.9401  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

380

1.9318  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

4,640

1.9358  GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

4,066

1.9345  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

18

1.9299  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

7,573

1.9397  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

153

1.9336  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

815

1.9397  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2

1.9400  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

5

1.9400  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

443

1.9336  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,226

1.9387  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,256

1.9405  GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

92,037

1.9408  GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

214,257

1.9408  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

12,639

1.9408  GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

3,642

1.9407  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

44,680

1.9408  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

771

1.9401  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

6,543

1.9357  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

26,376

1.9356  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

5,840

1.9396  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

684

1.9340  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

34,687

1.9404  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

6,800

1.9339  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

292

1.9270  GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

3,633

1.9388  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

496

1.9401  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,471

1.9401  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,079

1.9426  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

599

1.9426  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

7,352

1.9426  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,190

1.9328  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

526

1.9353  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

4,301

1.9316  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

19,372

1.9392  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

9,553

1.9400  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

4,757

1.9328  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

54,649

1.9403  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,555

1.9400  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

40,046

1.9398  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

320

1.9300  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,426

1.9400  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

9,244

1.9393  GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,707

1.9327  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,639

1.9377  GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

26,081

1.9392  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:

14 Aug 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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