Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

RNS Number : 2354J

Barclays PLC

22 June 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				A CONSORTIUM COMPRISING LONDONMETRIC PROPERTY PLC AND SCHRODER REAL ESTATE INVESTMENT TRUST LIMITED
	relevant securities this form relates:
(c)	Name of the party to the offer with which exempt				A CONSORTIUM COMPRISING LONDONMETRIC PROPERTY PLC AND SCHRODER REAL ESTATE INVESTMENT TRUST LIMITED
	principal trader is connected
(d)	Date position held/dealing undertaken:				19 Jun 2026
(e)	In addition to the company in 1(b) above, is the exempt principal				YES:
	trader making disclosures in respect of any other party to the offer?				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:			14,230,517	0.61%	5,123,557	0.22%
(2)	Cash-settled derivatives:
	and/or controlled:			7,082,275	0.30%	11,844,069	0.51%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%

	TOTAL:			21,312,792	0.91%	16,967,626	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:			1,622,346	0.33%	367,616	0.08%
(2)	Cash-settled derivatives:
	and/or controlled:			58,828	0.01%	1,181,127	0.24%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%

	TOTAL:			1,681,174	0.34%	1,548,743	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)	Purchases and sales
Class of relevant		Purchase/sale		Total number of		Highest price per unit	Lowest price per unit
security				securities		paid/received	paid/received
LondonMetric Property plc 10p ordinary		Purchase		7,973,851		1.8295 GBP	1.8060 GBP
LondonMetric Property plc 10p ordinary		Sale		9,515,202		1.8293 GBP	1.8050 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		Purchase		387,025		0.4610 GBP	0.4590 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		Sale		204,003		0.4645 GBP	0.4578 GBP

(b)	Cash-settled derivative transactions
Class of		Product		Nature of dealing		Number of	Price per
relevant		description				reference	unit
security						securities
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		20	1.8257 GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		956	1.8252 GBP
LondonMetric Property plc 10p ordinary		SWAP		Closing Short		5,981	1.8250 GBP
LondonMetric Property plc 10p ordinary		SWAP		Opening Long		13,795	1.8246 GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		39,666	1.8197 GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		1,000	1.8190 GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		396	1.8249 GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		523	1.8278 GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		7,194	1.8290 GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		19	1.8190 GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		48	1.8190 GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		34,267	1.8163 GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		90,311	1.8289 GBP
LondonMetric Property plc 10p ordinary		SWAP		Closing Short		61,227	1.8284 GBP
LondonMetric Property plc 10p ordinary		SWAP		Opening Long		698,286	1.8284 GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		10,500	1.8175 GBP
LondonMetric Property plc 10p ordinary		SWAP		Closing Short		615,578	1.8140 GBP
LondonMetric Property plc 10p ordinary		SWAP		Opening Long		2,723	1.8290 GBP
LondonMetric Property plc 10p ordinary		CFD		Decreasing Short		65,280	1.8194 GBP
LondonMetric Property plc 10p ordinary		CFD		Increasing Long		11,064	1.8288 GBP
LondonMetric Property plc 10p ordinary		CFD		Increasing Long		32,512	1.8207 GBP
LondonMetric Property plc 10p ordinary		CFD		Decreasing Short		1,354	1.8198 GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		19	1.8190 GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		2,861	1.8252 GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		2,094	1.8252 GBP
LondonMetric Property plc 10p ordinary		SWAP		Opening Long		4,128	1.8246 GBP
LondonMetric Property plc 10p ordinary		SWAP		Closing Short		1,731	1.8250 GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		6	1.8257 GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		1,411	1.8250 GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		10,444	1.8291 GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		99,923	1.8287 GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		52,351	1.8286 GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		308,530	1.8287 GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		89,391	1.8279 GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		24,298	1.8157 GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		385	1.8190 GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		2	1.8220 GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		7,440	1.8176 GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		11,589	1.8225 GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		10,800	1.8142 GBP
LondonMetric Property plc 10p ordinary		SWAP		Closing Long		2,723	1.8290 GBP
LondonMetric Property plc 10p ordinary		SWAP		Opening Short		76,789	1.8290 GBP
LondonMetric Property plc 10p ordinary		CFD		Increasing Short		10,738	1.8136 GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		337	1.8190 GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		656	1.8218 GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		100	1.8100 GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		9	1.8220 GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		3	1.8200 GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		34,463	1.8159 GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Long		118,521	1.8289 GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		54,166	1.8290 GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		7	1.8220 GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		2,625	1.8218 GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		14	1.8200 GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		25,707	1.8259 GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		55,568	1.8124 GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Long		777,787	1.8290 GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		1,032	1.8205 GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		11	1.8200 GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		378,243	1.8164 GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		1,892	1.8060 GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		103,183	1.8246 GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		99,523	1.8233 GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		4,988	1.8186 GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		90,419	1.8289 GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		1,525	1.8293 GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		5,784	1.8147 GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		1,833	1.8190 GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		324,331	1.8204 GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		5,751	1.8161 GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		418,006	1.8178 GBP
LondonMetric Property plc 10p ordinary		SWAP		Increasing Short		4,488	1.8290 GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		990	1.8290 GBP
LondonMetric Property plc 10p ordinary		SWAP		Decreasing Short		2,586	1.8199 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Increasing Short		45,058	0.4590 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Opening Short		18,137	0.4590 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Increasing Short		66,075	0.4590 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Increasing Long		1,469	0.4578 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Increasing Short		10,292	0.4605 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		SWAP		Decreasing Short		180	0.4590 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Increasing Long		20,861	0.4645 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV		CFD		Decreasing Long		5,749	0.4589 GBP

(c)	Stock-settled derivative transactions (including options)
(i)	Writing, selling, purchasing or varying
Class	Product	Writing,	Number	Exercise	Type	Expiry	Option
of	description	purchasing,	of	price		date	money
relevant		selling,	securities	per unit			paid/
security		varying etc	to which				received
			option				per unit
			relates


(ii)	Exercising
Class of relevant		Product description		Exercising/ exercised against		Number of	Exercise price per
security						securities	unit


(d)	Other dealings (including subscribing for new securities)
Class of relevant		Nature of Dealings		Details		Price per unit (if
security						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:				22 Jun 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

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