Rathbones discloses stakes in LondonMetric and Schroder REIT under consortium offer filing

The Rule 8.3 filing shows Rathbones Group Plc held 3.33% of LondonMetric Property plc and 3.25% of Schroder Real Estate Investment Trust Limited as of July 13, 2026.

Summary

Rathbones Group Plc reported an opening position disclosure under Rule 8.3 of the Takeover Code in relation to a consortium comprising LondonMetric Property plc and Schroder Real Estate Investment Trust Limited. The filing showed Rathbones held 78,344,325 LondonMetric 10p ordinary shares, equal to 3.33%, and 15,899,739 Schroder REIT ordinary NPV shares, equal to 3.25%, as of 13/07/2026. The dealing section listed trades in LondonMetric shares, including sales of 17,740 shares at 189p and 6,400 shares at 189.394p, alongside a purchase of 940 shares at 189.15p. No dealings were listed for Schroder REIT shares. Rathbones reported no cash-settled derivatives, no stock-settled derivatives, no rights to subscribe for new securities, no indemnity or dealing arrangements, and no agreements relating to options or derivatives. No Supplemental Form 8 was attached. The disclosure was dated 14/07/2026.

Terms & Concepts
  • Rule 8.3: A U.K. Takeover Code disclosure requirement for holders of 1% or more of relevant securities in an offer situation.
  • Takeover Code: The U.K. rulebook governing conduct and disclosure during takeover and merger transactions.
  • ordinary NPV shares: Ordinary shares with no fixed nominal, or par, value.