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Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

3rd Jun 2026 12:00

RNS Number : 8731G
Barclays PLC
03 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:

02 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:

9,516,646

0.41%

6,809,726

0.29%

(2) Cash-settled derivatives:

7,856,837

0.34%

6,415,839

0.27%

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

0

0.00%

0

0.00%

TOTAL: 

17,373,483

0.74%

13,225,565

0.56%

 

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,527,982

0.31%

568,650

0.12%

(2) Cash-settled derivatives:

81,551

0.02%

1,085,993

0.22%

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

0

0.00%

0

0.00%

TOTAL: 

1,609,533

0.33%

1,654,643

0.34%

 

(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

1177436

1.8996 GBP

1.8670 GBP

LondonMetric Property plc 10p ordinary

Sale

1179004

1.9028 GBP

1.8670 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

18540

0.4789 GBP

0.4740 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

35352

0.4809 GBP

0.4740 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

20

1.9028 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

214

1.8856 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,221

1.8783 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

41,295

1.8926 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

30,187

1.8901 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,274

1.8763 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,092

1.8734 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

24,897

1.8670 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

126,048

1.8850 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

72,367

1.8669 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

22,234

1.8668 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

66,908

1.8668 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

193

1.8779 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

1,472

1.8248 GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Long

11,497

1.8788 GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Short

3,242

1.8788 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

66,327

1.8670 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

3

1.8733 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

94,939

1.8953 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

245

1.8830 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

7,785

1.8672 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

89

1.8790 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

933

1.8783 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

3,362

1.8672 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

4,573

1.8672 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

16

1.9028 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

273

1.8689 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

6,231

1.8688 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

35

1.9028 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,303

1.8783 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

52,001

1.8789 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

4,100

1.8700 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

400

1.8965 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,092

1.8767 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

8,399

1.8670 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

4,022

1.8948 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

56,016

1.8858 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

22,000

1.8945 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

36,225

1.8824 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

21,093

1.8218 GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Short

3,242

1.8941 GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Long

9,071

1.8941 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

476,685

1.8676 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

385

1.8829 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

66,003

1.8672 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

11,985

1.8807 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

38,771

1.8672 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

300

1.8736 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

8,158

1.8968 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

70,216

1.8764 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

234

1.8915 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

166,287

1.8670 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

67,789

1.8942 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

2,419

1.8958 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

23,446

1.8771 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

28,511

1.8672 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

734

1.8990 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

31,424

1.8844 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

10,136

1.8955 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

74,413

1.8931 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

2,826

1.9031 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

35,958

1.8683 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

51,744

1.8707 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

62,955

1.8828 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

36,985

1.9181 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

2,826

1.8908 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

183

1.8904 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

36,985

1.9181 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

50,633

1.8721 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

10,321

1.8914 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

74,413

1.8931 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

4,794

1.8501 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

3,636

1.8990 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

67,789

1.8942 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

4,529

1.8468 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2,209

1.8886 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

21,093

1.8218 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

2,417

1.8421 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

23,940

1.8837 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

1,472

1.8248 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

1,880

1.8248 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

47,843

1.8670 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

19,510

1.8235 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

684

1.8830 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

588

1.8571 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

3,104

1.8813 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

4,459

1.8973 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

4,614

1.8488 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

2,165

1.8960 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

119,546

1.8834 GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Long

73,571

1.8418 GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Short

21,783

1.8418 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

23,382

1.8867 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

27,060

1.8881 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

2,692

1.8771 GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Short

14,879

1.8859 GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Long

16,443

1.8859 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

2,692

1.8938 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

23,270

1.8976 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

1,318

1.9158 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

1,318

1.9158 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

23,270

1.8976 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

2,692

1.8938 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

2,692

1.8771 GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Short

21,783

1.8418 GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Long

73,571

1.8418 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

4,614

1.8488 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

588

1.8571 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

19,510

1.8235 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

1,880

1.8248 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

2,417

1.8421 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

4,529

1.8468 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

4,794

1.8501 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

50,633

1.8721 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

2,826

1.8908 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

2,826

1.9031 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

2,419

1.8958 GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Long

9,071

1.8941 GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Short

3,242

1.8941 GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Short

3,242

1.8788 GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Long

11,497

1.8788 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

861

1.8991 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

861

1.8668 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

20

0.4745 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

5,893

0.4739 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

5,564

0.4751 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

9,144

0.4815 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

5,603

0.4779 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

2,531

0.4740 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

2,431

0.4740 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

3,186

0.4740 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Short

10,306

0.4779 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

1,716

0.4757 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

969

0.4780 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Short

15,916

0.4699 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

4,392

0.4690 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Short

2,417

0.4829 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

2,417

0.4829 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Short

4,392

0.4690 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

15,916

0.4699 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Short

10,306

0.4779 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Short

9,144

0.4815 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

97

0.4775 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

7,775

0.4809 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

2,801

0.4739 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

5,119

0.4740 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:

03 Jun 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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END
 
 
FEOAKNBPKBKDFAK

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