REG-Form 8.3 - LondonMetric Property Plc & Schroder Real Estate Investment Trust Limited
26/03/2026 15:15
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8.3
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the Takeover Code (the “Code”)
1. KEY INFORMATION
(a) Full name of discloser: Rathbones Group Plc
(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree A consortium comprising LondonMetric Property plc and Schroder Real Estate Investment Trust Limited
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
(e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure 25/03/2026
(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state “N/A” Yes
2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE
If there are positions or rights to subscribe to disclose in more than one
class of relevant securities of the offeror or offeree named in 1(c), copy
table 2(a) or (b) (as appropriate) for each additional class of relevant
security.
(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: 85,234,979 3.63%
(2) Cash-settled derivatives:
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
TOTAL: 85,234,979 3.63%
Class of relevant security: Schroder Real Estate Investment Trust Limited Ordinary NPV
Interests Short positions
Number % Number %
(1) Relevant securities owned and/or controlled: 19,969,098 4.08%
(2) Cash-settled derivatives:
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
TOTAL: 19,969,098 4.08%
All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions (including traded
options), or agreements to purchase or sell relevant securities, should be
given on a Supplemental Form 8 (Open Positions).
(b) Rights to subscribe for new securities (including directors’
and other employee 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 PERSON MAKING THE DISCLOSURE
Where there have been dealings in more than one class of relevant securities
of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as
appropriate) for each additional class of relevant security dealt in.
The currency of all prices and other monetary amounts should be stated.
(a) Purchases and sales
Class of relevant security Purchase/sale Number of securities Price per unit
LondonMetric 10p Ordinary Shares Sale 10,216 180.7331p
LondonMetric 10p Ordinary Shares Sale 27,100 181.171387p
LondonMetric 10p Ordinary Shares Sale 913,260 181.171387p
LondonMetric 10p Ordinary Shares Sale 30,000 181.171387p
LondonMetric 10p Ordinary Shares Sale 3,275 181.661p
LondonMetric 10p Ordinary Shares Sale 2,556 181.8572p
LondonMetric 10p Ordinary Shares Sale 3,834 182.5992p
LondonMetric 10p Ordinary Shares Sale 3,053 182.6199p
LondonMetric 10p Ordinary Shares Sale 1,300 183.2722p
LondonMetric 10p Ordinary Shares Sale 19,438 183.2722p
LondonMetric 10p Ordinary Shares Sale 1,555 183.4p
LondonMetric 10p Ordinary Shares Sale 92,800 182.700967p
LondonMetric 10p Ordinary Shares Sale 526,597 182.700967p
LondonMetric 10p Ordinary Shares Sale 21,000 182.700967p
LondonMetric 10p Ordinary Shares Sale 4,500 183.7144p
LondonMetric 10p Ordinary Shares Purchase 3,834 182.7097p
LondonMetric 10p Ordinary Shares Purchase 2,301 183.234p
LondonMetric 10p Ordinary Shares Purchase 1,555 183.4p
LondonMetric 10p Ordinary Shares Purchase 3,800 183.2313p
LondonMetric 10p Ordinary Shares Purchase 33,300 182.7472p
LondonMetric 10p Ordinary Shares Purchase 5,500 183.6647p
Class of relevant security Purchase/sale Number of securities Price per unit
Schroder REIT Ordinary NPV Shares Sale 10,000 48.212p
Schroder REIT Ordinary NPV Shares Sale 8,382 48.3p
Schroder REIT Ordinary NPV Shares Sale 24,000 48.1p
(b) Cash-settled derivative transactions
Class of relevant security Product description e.g. CFD Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position Number of reference securities Price per unit
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type e.g. American, European etc. Expiry date Option money paid/ received per unit
(ii) Exercise
Class of relevant security Product description e.g. call option Exercising/ exercised against Number of securities Exercise price per unit
(d) Other dealings (including subscribing for new securities)
Class of relevant security Nature of dealing e.g. subscription, conversion Details Price per unit (if applicable)
LondonMetric 10p Ordinary Shares Transfer In 3,698
LondonMetric 10p Ordinary Shares Transfer In 24,391
LondonMetric 10p Ordinary Shares Transfer Out 925
LondonMetric 10p Ordinary Shares Transfer Out 1,500
Class of relevant security Nature of dealing e.g. subscription, conversion Details Price per unit (if applicable)
Schroder REIT Ordinary NPV Shares
4. OTHER INFORMATION
(a) Indemnity and other dealing 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 person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”
None
(b) Agreements, arrangements or understandings relating to
options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between the person 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 or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state “none”
None
(c) Attachments
Is a Supplemental Form 8 (Open Positions) attached? No
Date of disclosure: 26/03/2026
Contact name: Chinwe Enyi – Compliance Department
Telephone number: 0151 243 7053
Public disclosures under Rule 8 of the Code must be made to a Regulatory
Information Service.
The Panel’s Market Surveillance Unit is available for consultation in
relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.
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