--- title: "Form 8.3 - LondonMetric Property Plc & Schroder REIT Limited" type: "News" locale: "en" url: "https://longbridge.com/en/news/283673139.md" description: "Form 8.3 disclosure by Rathbones Group Plc regarding interests in LondonMetric Property Plc and Schroder Real Estate Investment Trust Limited. Rathbones holds 3.63% of LondonMetric and 4.01% of Schroder REIT. Recent dealings include multiple sales and purchases of LondonMetric shares, with a total of 85,177,312 shares owned and 19,643,907 shares of Schroder REIT. No indemnity or other dealing arrangements were reported. The disclosure is in compliance with Rule 8.3 of the Takeover Code, dated 21/04/2026." datetime: "2026-04-22T13:07:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283673139.md) - [en](https://longbridge.com/en/news/283673139.md) - [zh-HK](https://longbridge.com/zh-HK/news/283673139.md) --- # Form 8.3 - LondonMetric Property Plc & Schroder REIT Limited **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_ 21/04/2026 **(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:** **85,177,312** **3.63%** **(2)** **Cash-settled derivatives:** **(3)** **Stock-settled derivatives (including options) and agreements to purchase/sell:** **TOTAL:** **85,177,312** **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:** **19,643,907** **4.01%** **(2)** **Cash-settled derivatives:** **(3)** **Stock-settled derivatives (including options) and agreements to purchase/sell:** **TOTAL:** **19,643,907** **4.01%** _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** 10,000 195.5p **LondonMetric 10p Ordinary Shares** **Sale** 4,000 195.566p **LondonMetric 10p Ordinary Shares** **Sale** 10,000 195.0902p **LondonMetric 10p Ordinary Shares** **Sale** 10,000 195.09p **LondonMetric 10p Ordinary Shares** **Sale** 49,982 195.466p **LondonMetric 10p Ordinary Shares** **Sale** 2,000 195.7901p **LondonMetric 10p Ordinary Shares** **Sale** 2,500 194.99p **LondonMetric 10p Ordinary Shares** **Sale** 17,540 195.466p **LondonMetric 10p Ordinary Shares** **Sale** 3,850 195.466p **LondonMetric 10p Ordinary Shares** **Sale** 12,558 194.99p **LondonMetric 10p Ordinary Shares** **Sale** 2,000 195.1p **LondonMetric 10p Ordinary Shares** **Sale** 4,000 194.7p **LondonMetric 10p Ordinary Shares** **Sale** 2,700 192.89p **LondonMetric 10p Ordinary Shares** **Purchase** 13,000 195.523077p **LondonMetric 10p Ordinary Shares** **Purchase** 10,000 195.1198p **LondonMetric 10p Ordinary Shares** **Purchase** 10,000 195.113p **LondonMetric 10p Ordinary Shares** **Purchase** 19,100 195.288p **LondonMetric 10p Ordinary Shares** **Purchase** 2,000 195.81p **LondonMetric 10p Ordinary Shares** **Purchase** 2,000 195.1p **LondonMetric 10p Ordinary Shares** **Purchase** 4,000 194.7p **Class of relevant security** **Schroder REIT Ordinary NPV Shares** **Purchase/sale** **Sale** **Number of securities** **Price per unit** **(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** **LondonMetric 10p Ordinary Shares** **Nature of dealing**_e.g. subscription, conversion_ Transfer Out **Details** 2,155 **Price per unit (if applicable)** **Class of relevant security** **Schroder REIT Ordinary NPV Shares** **Nature of dealing**_e.g. subscription, conversion_ **Details** **Price per unit (if applicable)** **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:** **22/04/2026** **Contact name:** **Callum Ridley – Compliance Department** **Telephone number:** **0151 243 7037** _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._ _The Code can be viewed on the Panel’s website at._ ### Related Stocks - [SREI.UK](https://longbridge.com/en/quote/SREI.UK.md) - [LMP.UK](https://longbridge.com/en/quote/LMP.UK.md) - [RAT.UK](https://longbridge.com/en/quote/RAT.UK.md) ## Related News & Research - [Shore Capital Sticks to Its Buy Rating for LondonMetric Property (LMP)](https://longbridge.com/en/news/286196560.md) - [Shore Capital Sticks to Its Buy Rating for LondonMetric Property (LMP)](https://longbridge.com/en/news/283085959.md) - [Derwent London Director Helen Gordon to Take Senior Role at Big Yellow Group](https://longbridge.com/en/news/286883274.md) - [Go-Ahead London deploys 13 Enviro100EV](https://longbridge.com/en/news/286797263.md) - [Man Group PLC : Form 8.3 - A consortium comprising LondonMetric Property plc and Schroder Real Estate Investment Trust Limited](https://longbridge.com/en/news/282661094.md)