Rathbones updates Rule 8.3 filing with 3.34% LondonMetric and 3.11% Schroder REIT stakes

A 05/08/2026 takeover-code filing updated Rathbones' holdings in both companies and listed fresh LondonMetric purchases and sales alongside additional disposals of Schroder REIT shares.

Summary

Rathbones Group Plc filed an updated Rule 8.3 public opening position and dealing disclosure tied to a consortium comprising LondonMetric Property plc and Schroder Real Estate Investment Trust Limited. The 05/08/2026 filing, based on positions held on 04/08/2026, showed Rathbones owning or controlling 78,542,341 LondonMetric 10p ordinary shares, equal to 3.34%, and 15,237,249 Schroder REIT ordinary NPV shares, equal to 3.11%. That revised an earlier filing dated 03/08/2026 for positions held on 31/07/2026, which showed 78,584,262 LondonMetric shares, also 3.34%, and 15,341,649 Schroder REIT shares, equal to 3.13%. The latest dealing disclosures listed LondonMetric sales of 1,195 shares at 196.4p, 5,400 at 197.394p, 3,500 at 197.8p, 1,200 at 197.8101p and 5,112 at 197.8p, alongside purchases of 10,000 at 196.81p, 13,900 at 196.7507p, 1,195 at 196.4p and 3,500 at 197.8p. It also showed sales of 25,500 Schroder REIT shares at 42.6382p and 45,860 at 42.9622p. Rathbones reported no derivatives, subscription rights, indemnity or dealing arrangements, or option-related understandings, and no Supplemental Form 8 was attached.

Terms & Concepts
  • Rule 8.3: A UK Takeover Code rule requiring disclosure by investors with interests of 1% or more in relevant securities during an offer period.
  • public opening position disclosure: An initial statement of a holder's stake under takeover rules, based on the latest practicable position date.
  • ordinary NPV shares: Ordinary shares that do not carry a fixed nominal or par value per share.