Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

RNS Number : 4189K

Barclays PLC

30 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 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:			29 Jun 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:				16,584,213	0.71%	9,434,215	0.40%
(2) Cash-settled derivatives:				11,340,031	0.48%	12,950,141	0.55%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				27,924,244	1.19%	22,384,356	0.95%

Class of relevant security:				Schroder Real Estate Investment Trust Limited ordinary NPV
				Interests		Short Positions
				Number	(%)	Number	(%)
(1) Relevant securities owned and/or controlled:				1,697,750	0.35%	425,324	0.09%
(2) Cash-settled derivatives:				154,599	0.03%	1,256,574	0.26%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				1,852,349	0.38%	1,681,898	0.34%


(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	1601151	1.9070 GBP	1.8930 GBP
LondonMetric Property plc 10p ordinary	Sale	1256300	1.9200 GBP	1.8940 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Purchase	75087	0.4605 GBP	0.4562 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Sale	85944	0.4605 GBP	0.4565 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 Short	5,031	1.8987 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	1,075	1.8993 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	7	1.8985 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	17,753	1.8995 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	27,193	1.8979 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	20,851	1.8996 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	134,178	1.8980 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	258	1.8980 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	30,500	1.9026 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	11,551	1.9003 GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	274	1.8978 GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	927	1.8983 GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Short	859	1.9077 GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	89,209	1.8986 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	678	1.8993 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	78	1.8993 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	8,368	1.8976 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	53,819	1.8977 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	8,005	1.8976 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	1,448	1.8987 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	2,600	1.8976 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	68,236	1.8977 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	219	1.8986 GBP
LondonMetric Property plc 10p ordinary	SWAP	Opening Short	312	1.8987 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	16,077	1.8977 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	152	1.8957 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	777	1.9000 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	20,667	1.8980 GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	22,045	1.8980 GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Short	182,105	1.8996 GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	48,796	1.9047 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	373,392	1.8983 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	357,170	1.8983 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	45	1.8957 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	116,022	1.8983 GBP
LondonMetric Property plc 10p ordinary	SWAP	Closing Long	161	1.8987 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	161	1.9005 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	39,065	1.8984 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	284	1.8980 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	3,354	1.9002 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	9,544	1.8988 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	40,784	1.8979 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	37,168	1.9009 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	1,639	1.8966 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	5,431	1.8976 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	46,506	1.9036 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	7,035	1.8998 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	4,122	1.8980 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	103	1.8980 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	593	1.8950 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	9,727	1.8976 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	89,764	1.9013 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	21,768	1.8983 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	7,258	1.9032 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	4,966	0.4585 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	6,399	0.4585 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Long	1,397	0.4565 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Long	122	0.4562 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	2,291	0.4590 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	561	0.4585 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Long	2,616	0.4585 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Long	11,096	0.4570 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Long	25,943	0.4598 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:				30 Jun 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

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