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Form 8.5 - LondonMetric & Schroder Real Estate

5th Jun 2026 11:39

RNS Number : 2129H
Barclays PLC
05 June 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:

04 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:

9,865,106

0.42%

6,278,190

0.27%

(2) Cash-settled derivatives:

7,444,082

0.32%

6,628,126

0.28%

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

0

0.00%

0

0.00%

TOTAL: 

17,309,188

0.74%

12,906,316

0.55%

 

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,458,773

0.30%

546,537

0.11%

(2) Cash-settled derivatives:

93,766

0.02%

1,016,300

0.21%

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

0

0.00%

0

0.00%

TOTAL: 

1,552,539

0.32%

1,562,837

0.32%

 

(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

1602064

1.8322 GBP

1.8120 GBP

LondonMetric Property plc 10p ordinary

Sale

1749536

1.8339 GBP

1.8151 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

4895

0.4770 GBP

0.4675 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

37069

0.4770 GBP

0.4672 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 Long

37,008

1.8283 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,839

1.8289 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

78,235

1.8292 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

34,530

1.8268 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

9,768

1.8281 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

5,678

1.8282 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

569,985

1.8270 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

7,386

1.8267 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

78,077

1.8269 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

71,598

1.8273 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

13,161

1.8289 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

11,278

1.8271 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

2,934

1.8118 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

13,428

1.8270 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

1,862

1.8254 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

78,263

1.8295 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

15,051

1.8143 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

15,762

1.8315 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

20,162

1.8283 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

8,230

1.8283 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

572

1.8289 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,139

1.8272 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

7,246

1.8315 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,397

1.8272 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

388

1.8289 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

1,675

1.8289 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,029

1.8281 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

4,185

1.8271 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

3,021

1.8271 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

30,837

1.8299 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

8,739

1.8271 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

20,022

1.8270 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

2,934

1.8271 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

38,107

1.8273 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

55,127

1.8282 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

1,952

1.8315 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

25,342

1.8282 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

14,535

1.8272 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

388

1.8244 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

234

1.8120 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

84,548

1.8269 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

70,608

1.8270 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

9,600

1.8243 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

9,158

1.8272 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

63,381

1.8271 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

19,445

1.8321 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

12,850

1.8322 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

6,825

1.8282 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

8,155

1.8300 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

119,984

1.8299 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

3,979

1.8277 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

9,475

1.8291 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

15,859

1.8315 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

27,738

1.8270 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,809

1.8301 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,709

1.8311 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

164,545

1.8293 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

36,308

1.8293 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

36,308

1.8169 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

44,685

1.8169 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

4,816

0.4770 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

1

0.4700 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

2

0.4722 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

9,046

0.4702 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

5,880

0.4672 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

2,369

0.4770 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

6,946

0.4770 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

5,116

0.4734 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

1,927

0.4705 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:

05 Jun 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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END
 
 
FEOUPUUCQUPQURA

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