⌘K
t
Barclays Capital Securities Ltd, an exempt principal trader, disclosed its positions and dealings related to an offer involving LondonMetric Property PLC, Schroder Real Estate Investment Trust Limited, and Picton Property Income Limited. As of April 9, 2026, it held total interests of 22,699,491 (0.96%) and short positions of 17,793,358 (0.76%) in LondonMetric Property plc, and 1,693,140 (0.34%) interests and 1,691,193 (0.34%) short positions in Schroder Real Estate Investment Trust Limited. Dealings on that date included purchasing 3,278,212 LondonMetric shares (highest 1.9250 GBP) and 7,566 Schroder shares (highest 0.4940 GBP), selling 1,037,814 LondonMetric shares and 32,089 Schroder shares, and a decreasing long cash-settled SWAP for 835,244 LondonMetric reference securities.
| Date | 10 Apr 2026 |
| Time | 11:59:29 |
| Category | Holding(s) in company |
| ID | 0320A |
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FORM 8.5 (EPT/NON-RI) |
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PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN |
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EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS |
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(OR WHERE RI STATUS IS NOT APPLICABLE) |
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Rule 8.5 of the Takeover Code (the "Code") |
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1. |
KEY INFORMATION |
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(a) |
Name of exempt principal trader: |
BARCLAYS CAPITAL SECURITIES LTD |
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(b) |
Name of offeror/offeree in relation to whose |
A CONSORTIUM COMPRISING LONDONMETRIC PROPERTY PLC AND SCHRODER REAL ESTATE INVESTMENT TRUST LIMITED |
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(c) |
Name of the party to the offer with which exempt |
A CONSORTIUM COMPRISING LONDONMETRIC PROPERTY PLC AND SCHRODER REAL ESTATE INVESTMENT TRUST LIMITED |
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(d) |
Date position held/dealing undertaken: |
09 Apr 2026 |
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(e) |
In addition to the company in 1(b) above, is the exempt principal |
YES: |
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2. |
POSITIONS OF THE EXEMPT PRINCIPAL TRADER |
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(a) |
Interests and short positions in the relevant securities of the offeror or offeree |
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to which the disclosure relates following the dealing (if any) |
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Class of relevant security: |
LondonMetric Property plc 10p ordinary |
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Interests |
Short Positions |
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Number |
(%) |
Number |
(%) |
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(1) Relevant securities owned and/or controlled: |
11,341,066 |
0.48% |
10,150,141 |
0.43% |
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(2) Cash-settled derivatives: |
11,358,425 |
0.48% |
7,643,217 |
0.33% |
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(3) Stock-settled derivatives (including options) and agreements to purchase/sell: |
0 |
0.00% |
0 |
0.00% |
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22,699,491 |
0.96% |
17,793,358 |
0.76% |
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Class of relevant security: |
Schroder Real Estate Investment Trust Limited ordinary NPV |
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Interests |
Short Positions |
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Number |
(%) |
Number |
(%) |
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(1) Relevant securities owned and/or controlled: |
1,624,027 |
0.33% |
245,565 |
0.05% |
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(2) Cash-settled derivatives: |
69,113 |
0.01% |
1,445,628 |
0.29% |
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(3) Stock-settled derivatives (including options) and agreements to purchase/sell: |
0 |
0.00% |
0 |
0.00% |
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1,693,140 |
0.34% |
1,691,193 |
0.34% |
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(b) |
Rights to subscribe for new securities (including directors and other executive options) |
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Class of relevant security in relation to |
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Details, including nature of the rights |
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3. |
DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER |
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(a) |
Purchase and sales |
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Class of relevant |
Purchase/sale |
Total number of |
Highest price per unit |
Lowest price per unit |
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LondonMetric Property plc 10p ordinary |
Purchase |
3278212 |
1.9250 GBP |
1.8930 GBP |
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LondonMetric Property plc 10p ordinary |
Sale |
1037814 |
1.9170 GBP |
1.8930 GBP |
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Schroder Real Estate Investment Trust Limited ordinary NPV |
Purchase |
7566 |
0.4940 GBP |
0.4890 GBP |
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Schroder Real Estate Investment Trust Limited ordinary NPV |
Sale |
32089 |
0.4970 GBP |
0.4890 GBP |
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(b) |
Cash-settled derivative transactions |
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Class of |
Product description |
Nature of dealing |
Number of |
Price per |
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LondonMetric Property plc 10p ordinary |
SWAP |
Decreasing Long |
835,244 |
1.9130 GBP |
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(c) |
Stock-settled derivative transactions (including options) |
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(i) |
Writing, selling, purchasing or varying |
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Class |
Product |
Writing, |
Number |
Exercise |
Type |
Expiry |
Option |
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(ii) |
Exercising |
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Class of relevant |
Product description |
Exercising/ exercised against |
Number of |
Exercise price per |
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(d) |
Other dealings (including subscribing for new securities) |
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Class of relevant |
Nature of Dealings |
Details |
Price per unit (if |
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4. |
OTHER INFORMATION |
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(a) |
Indemnity and other dealings arrangements |
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Details of any indemnity or option arrangement, or any agreement or understanding, |
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NONE |
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(b) |
Agreements, arrangements or understandings relating to options or derivatives |
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Details of any agreement, arrangement or understanding, formal or informal, between |
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NONE |
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(c) |
Attachments |
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Is a Supplemental Form 8 (Open Positions) attached? |
NO |
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Date of disclosure: |
10 Apr 2026 |
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Contact name: |
Large Holdings Regulatory Operations |
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Telephone number: |
020 3134 7213 |
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