Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

RNS Number : 3234Y

Barclays PLC

26 March 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:			25 Mar 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:				11,784,596	0.50%	8,346,941	0.36%
(2) Cash-settled derivatives:				9,509,802	0.41%	9,552,930	0.41%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				21,294,398	0.91%	17,899,871	0.76%

Class of relevant security:				Schroder Real Estate Investment Trust Limited ordinary NPV
				Interests		Short Positions
				Number	(%)	Number	(%)
(1) Relevant securities owned and/or controlled:				1,396,170	0.29%	195,961	0.04%
(2) Cash-settled derivatives:				0	0.00%	1,270,655	0.26%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				1,396,170	0.29%	1,466,616	0.30%

(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	2853256	1.8366 GBP	1.8065 GBP
LondonMetric Property plc 10p ordinary	Sale	834795	1.8295 GBP	1.8126 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Purchase	78886	0.4806 GBP	0.4755 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Sale	59645	0.4834 GBP	0.4786 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	54	1.8000 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	8,254	1.8126 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	41	1.8128 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	129,992	1.8130 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	72,413	1.8145 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	32,088	1.8184 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	88,221	1.8187 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	588	1.8190 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	238,586	1.8222 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	9,913	1.8226 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	12,381	1.8238 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	63,977	1.8260 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	1,398	1.8263 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	8,132	1.8295 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	827,288	1.8130 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	5,448	1.8131 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	6,185	1.8135 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	41,476	1.8139 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	78,267	1.8154 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	32,452	1.8156 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	88,589	1.8161 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	48,622	1.8189 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	13,433	1.8190 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	32,001	1.8191 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	10,840	1.8212 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	254,577	1.8213 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	52	1.8217 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	2,515	1.8235 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	49,123	1.8260 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	40,094	1.8263 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	300	1.8270 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	4	1.8311 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	4,793	1.8328 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	8,584	0.4815 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	9,591	0.4755 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	1,849	0.4775 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	4,432	0.4797 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	4,328	0.4800 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Short	6,410	0.4796 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Short	47,435	0.4834 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Short	30,179	0.4755 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Short	2,280	0.4806 GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	164,931	1.8147 GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	1	1.8200 GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	24,914	1.8213 GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	3,860	1.8308 GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	280,963	1.8130 GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	5,116	1.8131 GBP
LondonMetric Property plc 10p ordinary	CFD	Opening Short	329,862	1.8147 GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Short	12,457	1.8213 GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Short	7,720	1.8308 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:				26 Mar 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

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