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Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

RNS Number : 8423Y

Barclays PLC

31 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:			30 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:				10,776,723	0.46%	8,345,392	0.36%
(2) Cash-settled derivatives:				8,902,527	0.38%	8,447,956	0.36%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				19,679,250	0.84%	16,793,348	0.72%

Class of relevant security:				Schroder Real Estate Investment Trust Limited ordinary NPV
				Interests		Short Positions
				Number	(%)	Number	(%)
(1) Relevant securities owned and/or controlled:				1,619,224	0.33%	204,280	0.04%
(2) Cash-settled derivatives:				0	0.00%	1,363,094	0.28%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				1,619,224	0.33%	1,567,374	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	1374327	1.8040 GBP	1.7800 GBP
LondonMetric Property plc 10p ordinary	Sale	2392099	1.8041 GBP	1.7800 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Purchase	158350	0.4630 GBP	0.4525 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Sale	53826	0.4630 GBP	0.4537 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	83	1.7831 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	7,703	1.7835 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	1,404	1.7839 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	90	1.7841 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	14,495	1.7853 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	7,220	1.7865 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	7,553	1.7869 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	5,517	1.7870 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	68	1.7874 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	7,393	1.7878 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	97,103	1.7885 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	4	1.7887 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	18,448	1.7895 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	14,569	1.7898 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	97,790	1.7899 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	151	1.7903 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	3,691	1.7910 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	86	1.7919 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	5,190	1.7940 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	18,352	1.7943 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	40,264	1.7946 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	10	1.7956 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	74	1.7965 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	38,232	1.8020 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	34,354	1.8036 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	167,802	1.8038 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	64,833	1.8039 GBP
LondonMetric Property plc 10p ordinary	SWAP	Opening Long	758,935	1.8040 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	8,635	1.7874 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	19,150	1.7883 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	2,799	1.7899 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	37,189	1.7900 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	76,482	1.7914 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	18,838	1.7946 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	9,557	1.7948 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	2,426	1.8000 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	20,050	1.8021 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	115,517	1.8037 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	45,670	1.8040 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	9,511	1.8041 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	2,003	0.4540 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	575	0.4610 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	3,286	0.4525 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	8	0.4580 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	3	0.4596 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	6	0.4610 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Short	1,419	0.4579 GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	15,796	1.7881 GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	405	1.7885 GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	35,936	1.7997 GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	40,486	1.7911 GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	33,152	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:				31 Mar 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

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