⌘K

Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

RNS Number : 4711Y

Barclays PLC

27 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:			26 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:				12,037,435	0.51%	7,642,628	0.33%
(2) Cash-settled derivatives:				8,241,618	0.35%	9,721,188	0.41%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				20,279,053	0.86%	17,363,816	0.74%

Class of relevant security:				Schroder Real Estate Investment Trust Limited ordinary NPV
				Interests		Short Positions
				Number	(%)	Number	(%)
(1) Relevant securities owned and/or controlled:				1,451,428	0.30%	195,728	0.04%
(2) Cash-settled derivatives:				0	0.00%	1,325,879	0.27%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				1,451,428	0.30%	1,521,607	0.31%

(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	2346899	1.8120 GBP	1.7911 GBP
LondonMetric Property plc 10p ordinary	Sale	1389747	1.8145 GBP	1.7912 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Purchase	76504	0.4720 GBP	0.4635 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Sale	21013	0.4792 GBP	0.4635 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	1	1.7960 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	11,882	1.7992 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	1,581	1.7993 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	3,304	1.7994 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	3	1.7996 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	24,925	1.8003 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	5,411	1.8006 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	78	1.8030 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	41,860	1.8037 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	35,510	1.8039 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	38,570	1.8047 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	1	1.8100 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	4,045	1.8108 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	50,568	1.8278 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	978	1.7911 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	586	1.7950 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	22,901	1.7964 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	23,225	1.7972 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	129,910	1.7975 GBP
LondonMetric Property plc 10p ordinary	SWAP	Opening Short	143,196	1.7985 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	17,220	1.7987 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	1,254	1.7988 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	145,679	1.7998 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	68,300	1.8005 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	130,618	1.8009 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	321,423	1.8010 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	1,214	1.8011 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	42,801	1.8018 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	40,155	1.8026 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	17,600	1.8027 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	13,143	1.8029 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	42,427	1.8060 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	593,522	1.8214 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	1	0.4930 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	53,897	0.4655 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	1	0.4670 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	6,185	0.4677 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	3	0.4678 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	1	0.4715 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Short	4,862	0.4665 GBP
LondonMetric Property plc 10p ordinary	CFD	Opening Long	200,863	1.8009 GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	82,815	1.8012 GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	142,447	1.8017 GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	5,892	1.8028 GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	24,042	1.8095 GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	2	1.8100 GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	94,038	1.7972 GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	232,770	1.8010 GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	24,567	1.8011 GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	2,715	1.8039 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:				27 Mar 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

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