Form 8.5 London Metric Property plc, Schroder REIT

RNS Number : 6099P

Barclays PLC

06 August 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:			05 Aug 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:				1,986,251	0.41%	581,678	0.12%
(2) Cash-settled derivatives:				550,104	0.11%	1,966,148	0.40%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				2,536,355	0.52%	2,547,826	0.52%
Class of relevant security:				LondonMetric Property plc 10p ordinary
				Interests		Short Positions
				Number	(%)	Number	(%)
(1) Relevant securities owned and/or controlled:				18,020,302	0.77%	6,866,257	0.29%
(2) Cash-settled derivatives:				7,788,037	0.33%	13,364,937	0.57%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				25,808,339	1.10%	20,231,194	0.86%

(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	569286	0.4484 GBP	0.4325 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	Sale	1004009	0.4485 GBP	0.4323 GBP
LondonMetric Property plc 10p ordinary	Purchase	2108651	1.9845 GBP	1.9743 GBP
LondonMetric Property plc 10p ordinary	Sale	1981239	1.9830 GBP	1.9725 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	Decreasing Short	1,058	0.4485 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	4,905	0.4484 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	23,912	0.4485 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Short	14,895	0.4354 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Long	32,589	0.4351 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Opening Short	11,734	0.4383 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Opening Long	677	0.4402 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Closing Long	8,455	0.4325 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Opening Short	41,679	0.4325 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Opening Long	46,171	0.4323 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Opening Long	125,514	0.4323 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Opening Long	329,924	0.4323 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	20,965	0.4485 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Decreasing Short	3,176	0.4485 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Closing Short	90,459	0.4484 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Long	323	0.4365 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Increasing Short	6,476	0.4372 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	20,545	0.4348 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	21,165	0.4356 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Short	31,965	0.4415 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	51,370	0.4358 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	SWAP	Increasing Short	65,721	0.4357 GBP
Schroder Real Estate Investment Trust Limited ordinary NPV	CFD	Decreasing Short	4,579	0.4484 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	79	1.9785 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	3,702	1.9798 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	48,516	1.9781 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	1,723	1.9776 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	63,101	1.9770 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	229,664	1.9845 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	104	1.9980 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	1	1.9800 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	5,998	1.9805 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	168,986	1.9791 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	4,177	1.9770 GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Long	33,818	1.9769 GBP
LondonMetric Property plc 10p ordinary	CFD	Increasing Short	92,872	1.9787 GBP
LondonMetric Property plc 10p ordinary	CFD	Closing Short	8,866	1.9775 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	164,149	1.9769 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	5,239	1.9774 USD
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	160	1.9766 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	23,283	1.9773 GBP
LondonMetric Property plc 10p ordinary	SWAP	Closing Short	15,693	1.9767 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	3,099	1.9767 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	18	1.9785 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	840	1.9772 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	5	1.9785 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	310	1.9768 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	1,961	1.9772 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	1,468	1.9773 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	2,358	1.9767 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	1,612	1.9772 GBP
LondonMetric Property plc 10p ordinary	SWAP	Closing Long	2,934	1.9779 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	45,597	1.9780 GBP
LondonMetric Property plc 10p ordinary	SWAP	Opening Long	9,812	1.9734 GBP
LondonMetric Property plc 10p ordinary	SWAP	Opening Long	26,675	1.9734 GBP
LondonMetric Property plc 10p ordinary	SWAP	Opening Long	70,118	1.9734 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	227	1.9763 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	74,191	1.9784 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	2,143	1.9767 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	127,564	1.9771 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	68,649	1.9766 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	95,986	1.9771 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	4,863	1.9743 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Long	414	1.9770 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	77,095	1.9767 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	63,448	1.9767 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	54	1.9764 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	17	1.9764 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	3,287	1.9806 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	18,055	1.9769 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	60,123	1.9770 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	17	1.9770 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	7,551	1.9800 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	5,798	1.9771 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	13,498	1.9737 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	651	1.9780 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Long	11,465	1.9751 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	11,411	1.9739 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	95,015	1.9770 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	3,421	1.9751 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	22,177	1.9769 GBP
LondonMetric Property plc 10p ordinary	SWAP	Decreasing Short	128,959	1.9784 GBP
LondonMetric Property plc 10p ordinary	SWAP	Increasing Short	99,480	1.9784 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:				06 Aug 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

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END

FEOAKABPCBKKAFK

TIDM	BARC
Share Price	493.65p2.07%
Market Cap	£66.35bn

Date	6 Aug 2026
Time	11:07:11
Category	Holding(s) in company
ID	6099P

TIDM	BARC
Share Price	493.65p2.07%
Market Cap	£66.35bn

Date	6 Aug 2026
Time	11:07:11
Category	Holding(s) in company
ID	6099P

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Form 8.5 London Metric Property plc, Schroder REIT