⌘K
t
Barclays Capital Securities Ltd, an exempt principal trader, made a public position and dealing disclosure on April 15, 2026, detailing dealings undertaken on April 14, 2026, concerning LondonMetric Property PLC, Schroder Real Estate Investment Trust Limited, and Picton Property Income Limited. Following these dealings, Barclays held total interests of 0.89% (20,838,309 shares) and short positions of 0.70% (16,330,026 shares) in LondonMetric Property plc ordinary shares. Additionally, the firm held total interests of 0.33% (1,602,921 shares) and short positions of 0.34% (1,677,374 shares) in Schroder Real Estate Investment Trust Limited ordinary shares, and reported various purchases, sales, and cash-settled derivative transactions for both companies.
| Date | 15 Apr 2026 |
| Time | 09:53:10 |
| Category | Holding(s) in company |
| ID | 5729A |
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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: |
14 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: |
11,638,244 |
0.50% |
8,869,400 |
0.38% |
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(2) Cash-settled derivatives: |
9,200,065 |
0.39% |
7,460,626 |
0.32% |
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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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20,838,309 |
0.89% |
16,330,026 |
0.70% |
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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: |
1,602,921 |
0.33% |
290,796 |
0.06% |
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(2) Cash-settled derivatives: |
0 |
0.00% |
1,386,578 |
0.28% |
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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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1,602,921 |
0.33% |
1,677,374 |
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 |
1629501 |
1.9140 GBP |
1.8920 GBP |
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LondonMetric Property plc 10p ordinary |
Sale |
1187062 |
1.9140 GBP |
1.8930 GBP |
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Schroder Real Estate Investment Trust Limited ordinary NPV |
Purchase |
29830 |
0.5037 GBP |
0.4959 GBP |
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Schroder Real Estate Investment Trust Limited ordinary NPV |
Sale |
41040 |
0.5031 GBP |
0.4969 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 |
Increasing Long |
466 |
1.9032 GBP |
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LondonMetric Property plc 10p ordinary |
SWAP |
Increasing Long |
5,190 |
1.9040 GBP |
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LondonMetric Property plc 10p ordinary |
SWAP |
Increasing Long |
4,319 |
1.9054 GBP |
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LondonMetric Property plc 10p ordinary |
SWAP |
Increasing Long |
3,343 |
1.9055 GBP |
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LondonMetric Property plc 10p ordinary |
SWAP |
Increasing Long |
2,012 |
1.9058 GBP |
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LondonMetric Property plc 10p ordinary |
SWAP |
Increasing Long |
7,673 |
1.9061 GBP |
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LondonMetric Property plc 10p ordinary |
SWAP |
Increasing Long |
1,150 |
1.9064 GBP |
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LondonMetric Property plc 10p ordinary |
SWAP |
Increasing Long |
41,613 |
1.9069 GBP |
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LondonMetric Property plc 10p ordinary |
SWAP |
Increasing Long |
23,297 |
1.9074 GBP |
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LondonMetric Property plc 10p ordinary |
SWAP |
Increasing Long |
27,350 |
1.9086 GBP |
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LondonMetric Property plc 10p ordinary |
SWAP |
Increasing Long |
18,585 |
1.9087 GBP |
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LondonMetric Property plc 10p ordinary |
SWAP |
Increasing Long |
24,113 |
1.9089 GBP |
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LondonMetric Property plc 10p ordinary |
SWAP |
Increasing Long |
60,708 |
1.9090 GBP |
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LondonMetric Property plc 10p ordinary |
SWAP |
Increasing Long |
329,293 |
1.9100 GBP |
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LondonMetric Property plc 10p ordinary |
SWAP |
Increasing Long |
259 |
1.9133 GBP |
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LondonMetric Property plc 10p ordinary |
SWAP |
Increasing Long |
663 |
1.9134 GBP |
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LondonMetric Property plc 10p ordinary |
SWAP |
Decreasing Long |
2,665 |
1.8992 GBP |
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LondonMetric Property plc 10p ordinary |
SWAP |
Decreasing Long |
15,595 |
1.9021 GBP |
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LondonMetric Property plc 10p ordinary |
SWAP |
Decreasing Long |
30,515 |
1.9034 GBP |
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LondonMetric Property plc 10p ordinary |
SWAP |
Decreasing Long |
36,709 |
1.9038 GBP |
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LondonMetric Property plc 10p ordinary |
SWAP |
Decreasing Long |
5,800 |
1.9040 GBP |
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LondonMetric Property plc 10p ordinary |
SWAP |
Decreasing Long |
277,848 |
1.9046 GBP |
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LondonMetric Property plc 10p ordinary |
SWAP |
Decreasing Long |
29,248 |
1.9051 GBP |
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LondonMetric Property plc 10p ordinary |
SWAP |
Decreasing Long |
225,184 |
1.9052 GBP |
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LondonMetric Property plc 10p ordinary |
SWAP |
Decreasing Long |
1,106 |
1.9055 GBP |
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LondonMetric Property plc 10p ordinary |
SWAP |
Decreasing Long |
13,328 |
1.9061 GBP |
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LondonMetric Property plc 10p ordinary |
SWAP |
Decreasing Long |
22,092 |
1.9074 GBP |
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LondonMetric Property plc 10p ordinary |
SWAP |
Decreasing Long |
165,277 |
1.9090 GBP |
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LondonMetric Property plc 10p ordinary |
SWAP |
Decreasing Long |
513 |
1.9091 GBP |
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LondonMetric Property plc 10p ordinary |
SWAP |
Decreasing Long |
26,648 |
1.9092 GBP |
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LondonMetric Property plc 10p ordinary |
SWAP |
Decreasing Long |
8,656 |
1.9096 GBP |
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Schroder Real Estate Investment Trust Limited ordinary NPV |
SWAP |
Decreasing Short |
43 |
0.4988 GBP |
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Schroder Real Estate Investment Trust Limited ordinary NPV |
SWAP |
Decreasing Short |
2,717 |
0.4990 GBP |
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Schroder Real Estate Investment Trust Limited ordinary NPV |
SWAP |
Decreasing Short |
106 |
0.5007 GBP |
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Schroder Real Estate Investment Trust Limited ordinary NPV |
SWAP |
Increasing Short |
4,705 |
0.4995 GBP |
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Schroder Real Estate Investment Trust Limited ordinary NPV |
SWAP |
Increasing Short |
2,693 |
0.5000 GBP |
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Schroder Real Estate Investment Trust Limited ordinary NPV |
CFD |
Decreasing Short |
1,923 |
0.4970 GBP |
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Schroder Real Estate Investment Trust Limited ordinary NPV |
CFD |
Decreasing Short |
21,833 |
0.4995 GBP |
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Schroder Real Estate Investment Trust Limited ordinary NPV |
CFD |
Increasing Short |
14,651 |
0.4959 GBP |
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Schroder Real Estate Investment Trust Limited ordinary NPV |
CFD |
Increasing Short |
7,181 |
0.5000 GBP |
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LondonMetric Property plc 10p ordinary |
CFD |
Increasing Long |
2,879 |
1.9038 GBP |
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LondonMetric Property plc 10p ordinary |
CFD |
Increasing Long |
18,746 |
1.9054 GBP |
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LondonMetric Property plc 10p ordinary |
CFD |
Increasing Long |
157 |
1.9087 GBP |
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LondonMetric Property plc 10p ordinary |
CFD |
Decreasing Long |
120,713 |
1.9091 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: |
15 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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