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Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

24th Jul 2026 11:58

RNS Number : 8196N
Barclays PLC
24 July 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:

23 Jul 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:

17,426,126

0.74%

5,726,675

0.24%

(2) Cash-settled derivatives:

7,186,540

0.31%

13,681,833

0.58%

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

0

0.00%

0

0.00%

TOTAL: 

24,612,666

1.05%

19,408,508

0.83%

 

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,610,432

0.33%

143,069

0.03%

(2) Cash-settled derivatives:

143,063

0.03%

1,569,540

0.32%

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

0

0.00%

0

0.00%

TOTAL: 

1,753,495

0.36%

1,712,609

0.35%

 

(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

3703776

1.9640 GBP

1.9320 GBP

LondonMetric Property plc 10p ordinary

Sale

2642192

1.9690 GBP

1.9350 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

20080

0.4615 GBP

0.4550 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

35579

0.4615 GBP

0.4550 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

Decreasing Short

347

1.9389 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

252

1.9457 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,156

1.9442 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

12,698

1.9512 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

19,061

1.9466 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

9,496

1.9507 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

126,952

1.9400 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

12,547

1.9400 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

543

1.9330 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

28,266

1.9660 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

83,234

1.9584 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,664

1.9651 GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Short

84,172

1.9602 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

16,200

1.9628 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

8,525

1.9495 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

732

1.9403 USD

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

59,772

1.9397 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

2,471

1.9443 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

3,215

1.9443 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

77

1.9457 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

345

1.9442 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

102

1.9389 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

4,958

1.9397 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

843

1.9397 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

683

1.9389 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

225

1.9442 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

1,510

1.9387 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,439

1.9474 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

147,449

1.9403 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

217

1.9588 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,000

1.9592 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

635

1.9682 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

488

1.9660 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

347

1.9400 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

7,790

1.9495 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,471

1.9455 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

64

1.9589 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

360

1.9588 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

72,292

1.9403 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

4,973

1.9474 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

60

1.9400 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

132,568

1.9412 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

55,162

1.9383 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

3,120

1.9656 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

6,018

1.9582 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

154,335

1.9400 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

6,641

1.9586 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

127

1.9400 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

43,393

1.9437 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

378,025

1.9400 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

1,979

1.9501 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

158,580

1.9395 GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Short

109,657

1.9400 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

54,018

1.9379 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,047

1.9325 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

4,756

1.9400 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

42,985

1.9443 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

308,462

1.9390 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

19,552

1.9434 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

10

0.4565 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

176

0.4564 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

438

0.4565 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

542

0.4560 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

25,400

0.4587 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

2,487

0.4565 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Decreasing Long

7,476

0.4564 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:

24 Jul 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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END
 
 
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