Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

RNS Number : 0073N

Barclays PLC

20 July 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:			17 Jul 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:				Schroder Real Estate Investment Trust Limited ordinary NPV
				Interests		Short Positions
				Number	(%)	Number	(%)
(1) Relevant securities owned and/or controlled:				1,494,751	0.31%	111,494	0.02%
(2) Cash-settled derivatives:				111,414	0.02%	1,437,657	0.29%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				1,606,165	0.33%	1,549,151	0.32%
Class of relevant security:				LondonMetric Property plc 10p ordinary
				Interests		Short Positions
				Number	(%)	Number	(%)
(1) Relevant securities owned and/or controlled:				17,270,146	0.73%	6,010,628	0.26%
(2) Cash-settled derivatives:				7,230,119	0.31%	14,332,758	0.61%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				24,500,265	1.04%	20,343,386	0.87%

(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
Schroder Real Estate Investment Trust Limited ordinary NPV	Purchase	34328	0.4610 GBP	0.4560 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Sale	38299	0.4605 GBP	0.4525 GBP




(b)	Cash-settled derivative transactions
Class of relevant security	Product description	Nature of dealing	Number of reference securities	Price per unit
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	1,875	0.4560 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	1,355	0.4560 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	2,313	0.4560 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Long	1,075	0.4586 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Long	4,012	0.4600 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Closing Short	1	0.4500 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Long	8,650	0.4599 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Long	483	0.4560 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	1,914	1.9241 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	3,877	1.9304 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	60,345	1.9233 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	17,201	1.9247 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	31,864	1.9284 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	97,838	1.9310 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	14,971	1.9309 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	28,300	1.9278 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	180	1.9310 GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Long	14,688	1.9309 GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Short	5,881	1.9252 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	2,327	1.9289 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	9,263	1.9281 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	1,167	1.9304 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	561	1.9241 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	2,365	1.9241 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	2,976	1.9304 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	1,606	1.9298 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	962	1.9313 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	908	1.9319 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	3,020	1.9249 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	447	1.9218 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	36,752	1.9301 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	7,879	1.9288 GBP
LondonMetric Property plc 10p ordinary	CFD	Decreasing Short	38,877	1.9281 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	267	1.9319 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	1,215	1.9319 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	213	1.9192 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	75,641	1.9310 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	17	1.9160 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	11,710	1.9215 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	6,881	1.9162 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	4,174	1.9170 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	7,531	1.9250 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	101,784	1.9287 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	16,563	1.9220 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	22,790	1.9220 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	110,433	1.9230 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	35,541	1.9252 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:				20 Jul 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

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