19th Jun 2026 11:10
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 Jun 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: | 15,570,808 | 0.66% | 4,922,497 | 0.21% | |||
(2) Cash-settled derivatives: | 6,454,390 | 0.28% | 12,874,199 | 0.55% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
TOTAL: | 22,025,198 | 0.94% | 17,796,696 | 0.76% | |||
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Class of relevant security: | Schroder Real Estate Investment Trust Limited ordinary NPV | ||||||
Interests | Short Positions | ||||||
Number | (%) | Number | (%) | ||||
(1) Relevant securities owned and/or controlled: | 1,483,620 | 0.30% | 411,912 | 0.08% | |||
(2) Cash-settled derivatives: | 42,247 | 0.01% | 1,041,745 | 0.21% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
TOTAL: | 1,525,867 | 0.31% | 1,453,657 | 0.30% | |||
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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 | |||
LondonMetric Property plc 10p ordinary | Purchase | 3364584 | 1.8202 GBP | 1.8059 GBP | |||
LondonMetric Property plc 10p ordinary | Sale | 1757632 | 1.8217 GBP | 1.8050 GBP | |||
Schroder Real Estate Investment Trust Limited ordinary NPV | Purchase | 78229 | 0.4655 GBP | 0.4615 GBP | |||
Schroder Real Estate Investment Trust Limited ordinary NPV | Sale | 32848 | 0.4655 GBP | 0.4615 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 | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Long | 105 | 1.8136 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Long | 261 | 1.8131 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Short | 1 | 1.8099 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Short | 64,952 | 1.8117 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Short | 28,721 | 1.8123 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Long | 853 | 1.8200 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Long | 4,219 | 1.8074 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Long | 53,615 | 1.8200 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Opening Short | 2,086 | 1.8130 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Opening Short | 1,129 | 1.8215 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Short | 1,129 | 1.8215 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Opening Short | 5,218 | 1.8130 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 190,359 | 1.8274 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Long | 33,735 | 1.8199 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 3 | 1.8200 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 27,884 | 1.8201 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Opening Long | 43 | 1.8159 GBP | |||
LondonMetric Property plc 10p ordinary | CFD | Decreasing Short | 39,970 | 1.8138 GBP | |||
LondonMetric Property plc 10p ordinary | CFD | Increasing Long | 569 | 1.8156 GBP | |||
LondonMetric Property plc 10p ordinary | CFD | Decreasing Short | 50,379 | 1.8075 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 436 | 1.8203 USD | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 351 | 1.8170 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Long | 296 | 1.8131 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Long | 1,137 | 1.8131 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Opening Short | 47,652 | 1.8202 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Long | 32 | 1.8136 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Short | 26,817 | 1.8197 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Long | 412 | 1.8136 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 14,500 | 1.8192 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Closing Short | 281,186 | 1.8196 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 1,687 | 1.8150 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Long | 298 | 1.8098 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 2,086 | 1.8180 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 10,901 | 1.8108 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Short | 7,304 | 1.8180 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 5,218 | 1.8180 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Short | 171,090 | 1.8261 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Closing Short | 43,943 | 1.8131 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Opening Long | 19,228 | 1.8131 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 77,016 | 1.8141 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Long | 5,018 | 1.8200 GBP | |||
LondonMetric Property plc 10p ordinary | CFD | Increasing Short | 22,204 | 1.8169 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 166,473 | 1.8167 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 2,086 | 1.8140 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Short | 7,304 | 1.8130 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 5,219 | 1.8140 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Short | 834 | 1.8100 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Closing Long | 19,228 | 1.8199 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Opening Short | 45,700 | 1.8199 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Long | 2,688 | 1.8161 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 2,085 | 1.8135 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Short | 7,305 | 1.8140 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 5,219 | 1.8135 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Short | 84,632 | 1.8194 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Short | 554 | 1.8169 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Closing Long | 2,373 | 1.8200 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Opening Short | 486,137 | 1.8200 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 2,086 | 1.8150 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Short | 7,304 | 1.8135 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 5,218 | 1.8150 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Short | 11,007 | 1.8125 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 16,081 | 1.8160 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Short | 5,481 | 1.8144 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 1,766 | 1.8160 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Short | 7,304 | 1.8150 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 5,538 | 1.8160 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Short | 14 | 1.8200 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Short | 2,206 | 1.8206 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 1,767 | 1.8160 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Short | 7,304 | 1.8160 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 5,537 | 1.8160 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 7,860 | 1.8102 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 3,177 | 1.8154 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 1,767 | 1.8175 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Short | 7,305 | 1.8175 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 5,538 | 1.8175 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 141,768 | 1.8188 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 44,998 | 1.8167 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 687 | 1.8170 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Short | 7,304 | 1.8160 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 6,266 | 1.8170 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 2,361 | 1.8160 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Short | 2,919 | 1.8178 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 5,082 | 1.8150 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Short | 7,304 | 1.8170 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 2,222 | 1.8150 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 184,038 | 1.8200 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Increasing Short | 91,872 | 1.8163 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Short | 7,304 | 1.8150 GBP | |||
LondonMetric Property plc 10p ordinary | SWAP | Decreasing Short | 9,196 | 1.8134 GBP | |||
Schroder Real Estate Investment Trust Limited ordinary NPV | SWAP | Increasing Short | 597 | 0.4625 GBP | |||
Schroder Real Estate Investment Trust Limited ordinary NPV | SWAP | Increasing Short | 18,272 | 0.4615 GBP | |||
Schroder Real Estate Investment Trust Limited ordinary NPV | CFD | Increasing Long | 10,000 | 0.4641 GBP | |||
Schroder Real Estate Investment Trust Limited ordinary NPV | SWAP | Opening Short | 1 | 0.4600 GBP | |||
Schroder Real Estate Investment Trust Limited ordinary NPV | SWAP | Increasing Short | 14,437 | 0.4615 GBP | |||
Schroder Real Estate Investment Trust Limited ordinary NPV | CFD | Decreasing Long | 8,164 | 0.4615 GBP | |||
Schroder Real Estate Investment Trust Limited ordinary NPV | CFD | Decreasing Long | 1,259 | 0.4615 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 Jun 2026 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
Related Shares:
BarclaysLondonMetricSchroder Real Estate Investment Trust