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Form 8.3 - LondonMetric & Schroder Real Estate

8th Sep 2026 12:30

RNS Number : 8852T

Schonfeld Strategic Advisors LLC

08 September 2026

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the "Code")

1. KEY INFORMATION

(a) Full name of discloser:	Schonfeld Strategic Advisors LLC
(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	A consortium comprising LondonMetric Property plc and Schroder Real Estate Investment Trust Limited
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
(e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure	07/09/2026
(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state "N/A"	Yes - Picton Property Income Limited

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(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:
(2) Cash-settled derivatives:	907,873	0.03	2,098,840	0.08
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
TOTAL:	907,873	0.03	2,098,840	0.08

Class of relevant security:	Schroder Real Estate Investment Trust Limited ordinary NPV
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:
(2) Cash-settled derivatives:	2,386	0.00	6,221,900	1.27
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
TOTAL:	2,386	0.00	6,221,900	1.27

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors' and other employee 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 PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a) Purchases and sales

Class of relevant security

Purchase/sale

Number of securities

Price per unit

(b) Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Short Position	2,051	182
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Short Position	1,274	182.3
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	3,611	182.5
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Short Position	42,581	182.5
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	887	182.52771
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Short Position	8,614	182.55
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	4,096	182.6
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Short Position	4,239	182.6
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	691	182.60027
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	797	182.61575
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	1,533	182.62424
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Short Position	6,333	182.7
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	571	182.70175
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	617	182.75243
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Short Position	3,185	182.8
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	547	182.8709
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	521	182.87475
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	512	182.8753
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	2,336	182.9
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Short Position	22,190	182.9
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	284	182.904
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	548	182.93306
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	613	182.93799
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	228	182.9385
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	529	182.9437
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Short Position	11,079	182.95
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	533	182.95355
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	135	182.9762
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	56	182.9872
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	668	182.98734
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	204	182.9958
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	275	182.99667
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	658	182.99883
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	198	182.99928
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	121,162	183
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Short Position	12,394	183
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	526	183.00117
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	204	183.003
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	111	183.0045
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	178	183.0125
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	534	183.01443
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	651	183.01453
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	143	183.0223
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	44	183.0265
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	560	183.0315
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	208	183.0453
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	65	183.0556
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	660	183.05561
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	570	183.05602
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	213	183.057
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	373	183.0705
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	344	183.07886
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	591	183.09393
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	538	183.09684
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	550	183.09719
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	70	183.0983
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	2,893	183.1
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Short Position	14,705	183.1
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	194	183.10003
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	94	183.1087
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	43	183.1097
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	544	183.1192
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	98	183.1282
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	80	183.1431
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	452	183.1525
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	539	183.15376
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	103	183.1578
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	182	183.1695
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	200	183.17336
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	676	183.17506
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	49	183.1782
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	48	183.1807
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	59	183.1819
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	49	183.1916
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	863	183.19251
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	7	183.1933
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	1,611	183.2
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Short Position	6,357	183.2
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	45	183.2062
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	550	183.20836
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	94	183.2084
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	589	183.21552
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	169	183.256
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	194	183.26239
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	679	183.26832
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	46	183.2756
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	97	183.2828
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	195	183.28941
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	901	183.298
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	197	183.29982
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Short Position	2,605	183.3
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	180	183.3033
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	193	183.30475
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	202	183.3058
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	1,845	183.3122
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	202	183.3141
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Short Position	778	183.4
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	702	183.44363
LondonMetric Property plc 10p ordinary	Equity Swap	Increasing a Long Position	2,429	183.5

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Short Position	9,569	42.325
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Short Position	4,431	42.55
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Short Position	12,473	42.6
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Short Position	2,867	42.675
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Short Position	10,010	42.7
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Short Position	4,986	42.75
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Short Position	2,978	42.775
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Short Position	3,699	42.8
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Short Position	42	42.85
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Short Position	1,165	42.9
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Short Position	913	43
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Short Position	8,685	43.25
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Short Position	6,821	43.3
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Short Position	109,223	43.4
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Short Position	21,822	43.45
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Long Position	24	43.5
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Short Position	14,419	43.5
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Short Position	12,662	43.525
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Short Position	51,509	43.55
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Short Position	2,763	43.575
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Short Position	8,685	43.6
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Short Position	12,805	43.65
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Short Position	13,610	43.675
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Short Position	21,830	43.7
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Short Position	3,736	43.725
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Short Position	7,865	43.75
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Short Position	15,804	43.8
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Long Position	1	43.85
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Short Position	68,467	43.85
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Short Position	27,014	43.9
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Short Position	12,791	43.95
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Short Position	7,247	44
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Short Position	25,899	44.05
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Short Position	11,226	44.1
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Short Position	2,976	44.125
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Long Position	1	44.175
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Short Position	1,258	44.175
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Short Position	11,891	44.2
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Short Position	17,370	44.25
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Short Position	14,045	44.275
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Long Position	6	44.3
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Short Position	17,583	44.3
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Long Position	1	44.325
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Short Position	20,322	44.35
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Short Position	25,623	44.4
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Short Position	8,354	44.45
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Short Position	10,758	44.475
Schroder Real Estate Investment Trust Limited ordinary NPV	Equity Swap	Increasing a Short Position	2,935	44.55

(i) Writing, selling, purchasing or varying

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit

Type

e.g. American, European etc.

Expiry date

Option money paid/ received per unit

(ii) Exercise

Class of relevant security

Product description

e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

(d) Other dealings (including subscribing for new securities)

Class of relevant security

Nature of dealing

e.g. subscription, conversion

Details

Price per unit (if applicable)

4. OTHER INFORMATION

(a) Indemnity and other dealing 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 person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none"

None

(b) Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the person 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 or future acquisition or disposal of any relevant securities to which any derivative is referenced:

If there are no such agreements, arrangements or understandings, state "none"

None

Is a Supplemental Form 8 (Open Positions) attached?

Date of disclosure:	08/09/2026
Contact name:	Damien Sykes
Telephone number:	02071 535936

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

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END

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