19th Aug 2026 11:38
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: | 18 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: | 1,719,980 | 0.35% | 1,927,371 | 0.39% | |||
(2) Cash-settled derivatives: | 1,922,833 | 0.39% | 1,699,877 | 0.35% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
TOTAL: | 3,642,813 | 0.74% | 3,627,248 | 0.74% | |||
Class of relevant security: | LondonMetric Property plc 10p ordinary | ||||||
Interests | Short Positions | ||||||
Number | (%) | Number | (%) | ||||
(1) Relevant securities owned and/or controlled: | 18,785,669 | 0.80% | 5,447,268 | 0.23% | |||
(2) Cash-settled derivatives: | 5,911,294 | 0.25% | 13,520,036 | 0.58% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
TOTAL: | 24,696,963 | 1.05% | 18,967,304 | 0.81% | |||
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(b) | Rights to subscribe for new securities (including directors and other executive options) | ||||||
Class of relevant security in relation to which subscription right exists |
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Details, including nature of the rights concerned and relevant percentages: |
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3. | DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER | ||||||
(a) | Purchase and sales |
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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 | 316676 | 0.4535 GBP | 0.4470 GBP | |||
Schroder Real Estate Investment Trust Limited ordinary NPV | Sale | 281821 | 0.4535 GBP | 0.4475 GBP | |||
LondonMetric Property plc 10p ordinary | Purchase | 1840810 | 1.9095 GBP | 1.8910 GBP | |||
LondonMetric Property plc 10p ordinary | Sale | 1219784 | 1.9099 GBP | 1.8921 GBP | |||
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(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 | 12 | 0.4498 GBP | |||
Schroder Real Estate Investment Trust Limited ordinary NPV | SWAP | Decreasing Short | 4,470 | 0.4470 GBP | |||
Schroder Real Estate Investment Trust Limited ordinary NPV | SWAP | Increasing Short | 35 | 0.4483 GBP | |||
Schroder Real Estate Investment Trust Limited ordinary NPV | CFD | Increasing Long | 2,000 | 0.4504 GBP | |||
Schroder Real Estate Investment Trust Limited ordinary NPV | CFD | Decreasing Short | 1 | 0.4500 GBP | |||
Schroder Real Estate Investment Trust Limited ordinary NPV | CFD | Increasing Long | 5,916 | 0.4502 GBP | |||
Schroder Real Estate Investment Trust Limited ordinary NPV | SWAP | Increasing Short | 3,985 | 0.4470 GBP | |||
Schroder Real Estate Investment Trust Limited ordinary NPV | SWAP | Increasing Short | 32,226 | 0.4470 GBP | |||
Schroder Real Estate Investment Trust Limited ordinary NPV | SWAP | Increasing Short | 3,273 | 0.4485 GBP | |||
Schroder Real Estate Investment Trust Limited ordinary NPV | SWAP | Increasing Short | 3,067 | 0.4495 GBP | |||
Schroder Real Estate Investment Trust Limited ordinary NPV | SWAP | Increasing Short | 1,361 | 0.4485 GBP | |||
Schroder Real Estate Investment Trust Limited ordinary NPV | SWAP | Increasing Short | 3,283 | 0.4500 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 12 | 1.9047 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Long | 1,344 | 1.9032 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Long | 2,007 | 1.9017 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Long | 486 | 1.9029 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Short | 19,630 | 1.9015 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Long | 569 | 1.9004 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Short | 32,127 | 1.9022 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Long | 5,585 | 1.9015 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 72,960 | 1.8930 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 60,465 | 1.8935 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Short | 85,464 | 1.8929 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 147,992 | 1.9032 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Long | 46,405 | 1.9020 GBP | |||
LondonMetric Property plc 10p ordinary | CFD | Decreasing Long | 33,900 | 1.8917 GBP | |||
LondonMetric Property plc 10p ordinary | CFD | Decreasing Short | 7,257 | 1.9017 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Long | 59 | 1.9006 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 8,741 | 1.8934 USD | |||
LondonMetric Property plc 10p ordinary | SWAP | Opening Long | 25,385 | 1.9054 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Opening Short | 2,752 | 1.8943 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 11,610 | 1.8942 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 34 | 1.9047 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 4 | 1.8925 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 59 | 1.9047 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 6,033 | 1.8943 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 167 | 1.8957 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 7,584 | 1.9013 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 500 | 1.9026 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Long | 407 | 1.9031 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Short | 1,740 | 1.8983 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 71,664 | 1.9001 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Short | 17,700 | 1.9038 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Long | 507 | 1.8942 GBP | |||
LondonMetric Property plc 10p ordinary | CFD | Increasing Long | 46,145 | 1.8929 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Long | 9 | 1.9099 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Closing Long | 25,385 | 1.8930 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 118 | 1.8957 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 340 | 1.8957 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Short | 82,062 | 1.8936 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Short | 7,746 | 1.8966 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 13,708 | 1.8931 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Long | 569 | 1.8930 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Long | 21 | 1.9020 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 2,413 | 1.9024 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Long | 132,256 | 1.8930 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Short | 376 | 1.8956 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Long | 34,929 | 1.9028 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 61,784 | 1.8993 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Long | 5,509 | 1.9028 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 5,539 | 1.9050 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Long | 243,825 | 1.9006 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 145 | 1.8930 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Short | 489,952 | 1.9010 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 23,090 | 1.9032 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Short | 1,111 | 1.8990 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 25,893 | 1.8988 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 451,186 | 1.9005 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Short | 55,274 | 1.8957 GBP | |||
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(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 |
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(ii) | Exercising |
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Class of relevant security | Product description | Exercising/ exercised against | Number of securities | Exercise price per unit | |||
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(d) | Other dealings (including subscribing for new securities) | ||||||
Class of relevant security | Nature of Dealings | Details | Price per unit (if applicable) | ||||
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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: | 19 Aug 2026 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
Related Shares:
BarclaysLondonMetricSchroder Real Estate Investment Trust