t
Barclays Capital Securities Ltd, an exempt principal trader connected to Picton Property Income Ltd, disclosed its positions and dealings in LondonMetric Property PLC on February 11, 2026, as per an RNS announcement dated February 12, 2026. The firm held total long positions of 25,905,231 (1.10%) and total short positions of 20,747,481 (0.88%) in LondonMetric Property PLC. On February 11, 2026, Barclays Capital Securities Ltd purchased 2,511,860 LondonMetric Property PLC shares and sold 1,721,077 LondonMetric Property PLC shares.
| Date | 12 Feb 2026 |
| Time | 11:12:46 |
| Category | Holding(s) in company |
| ID | 7988S |
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FORM 8.5 (EPT/NON-RI) |
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PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN |
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EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS |
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(OR WHERE RI STATUS IS NOT APPLICABLE) |
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Rule 8.5 of the Takeover Code (the "Code") |
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1. |
KEY INFORMATION |
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(a) |
Name of exempt principal trader: |
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BARCLAYS CAPITAL SECURITIES LTD |
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(b) |
Name of offeror/offeree in relation to whose |
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LONDONMETRIC PROPERTY PLC |
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relevant securities this form relates: |
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(c) |
Name of the party to the offer with which exempt |
PICTON PROPERTY INCOME LTD |
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principal trader is connected |
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(d) |
Date position held/dealing undertaken: |
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11 Feb 2026 |
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(e) |
In addition to the company in 1(b) above, is the exempt principal |
YES: |
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trader making disclosures in respect of any other party to the offer? |
PICTON PROPERTY INCOME LTD/THE |
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2. |
POSITIONS OF THE EXEMPT PRINCIPAL TRADER |
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(a) |
Interests and short positions in the relevant securities of the offeror or offeree |
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to which the disclosure relates following the dealing (if any) |
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Class of relevant security: |
LONDONMETRIC PROPERTY PLC |
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Interests |
Short Positions |
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Number |
(%) |
Number |
(%) |
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(1) |
Relevant securities owned |
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and/or controlled: |
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16,013,223 |
0.68% |
11,143,837 |
0.48% |
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(2) |
Cash-settled derivatives: |
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and/or controlled: |
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9,892,008 |
0.42% |
9,603,644 |
0.41% |
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(3) |
Stock-settled derivatives (including options) |
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and agreements to purchase/sell: |
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0 |
0.00% |
0 |
0.00% |
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TOTAL: |
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25,905,231 |
1.10% |
20,747,481 |
0.88% |
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(b) |
Rights to subscribe for new securities (including directors and other executive |
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options) |
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Class of relevant security in relation to |
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which subscription right exists |
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Details, including nature of the rights |
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concerned and relevant percentages: |
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3. |
DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER |
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(a) |
Purchases and sales |
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Class of relevant |
Purchase/sale |
Total number of |
Highest price per unit |
Lowest price per unit |
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security |
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securities |
paid/received |
paid/received |
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LONDONMETRIC PROPERTY PLC |
Purchase |
2,511,860 |
2.0460 GBP |
1.9995 GBP |
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LONDONMETRIC PROPERTY PLC |
Sale |
1,721,077 |
2.0440 GBP |
1.9970 GBP |
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(b) |
Cash-settled derivative transactions |
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Class of |
Product |
Nature of dealing |
Number of |
Price per |
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relevant |
description |
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reference |
unit |
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security |
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securities |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Opening Long |
546,635 |
1.9980 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Increasing Long |
2,154 |
2.0098 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Increasing Long |
664 |
2.0120 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Increasing Long |
1,919 |
2.0188 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Increasing Long |
400 |
2.0189 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Increasing Long |
21,540 |
2.0213 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Increasing Long |
8,391 |
2.0220 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Increasing Long |
75,698 |
2.0225 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Increasing Long |
1,562 |
2.0260 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Increasing Long |
24,978 |
2.0291 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Increasing Long |
129,728 |
2.0398 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Increasing Long |
1,391 |
2.0400 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Increasing Long |
100 |
2.0419 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Increasing Long |
29,277 |
2.0420 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Decreasing Long |
3,240 |
1.9986 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Decreasing Long |
51,207 |
2.0045 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Decreasing Long |
199,635 |
2.0058 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Decreasing Long |
113,000 |
2.0068 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Decreasing Long |
100 |
2.0120 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Decreasing Long |
52,280 |
2.0134 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Decreasing Long |
1,109 |
2.0135 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Decreasing Long |
500 |
2.0140 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Decreasing Long |
757 |
2.0146 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Decreasing Long |
3,164 |
2.0153 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Decreasing Long |
2,858 |
2.0163 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Decreasing Long |
15 |
2.0173 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Decreasing Long |
11,415 |
2.0175 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Decreasing Long |
101 |
2.0176 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Decreasing Long |
41,198 |
2.0177 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Decreasing Long |
5,280 |
2.0192 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Decreasing Long |
411 |
2.0194 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Decreasing Long |
1,334 |
2.0208 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Decreasing Long |
95 |
2.0226 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Decreasing Long |
40 |
2.0240 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Decreasing Long |
44,350 |
2.0241 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Decreasing Long |
19,295 |
2.0245 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Decreasing Long |
28 |
2.0248 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Decreasing Long |
69,736 |
2.0283 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Decreasing Long |
10 |
2.0292 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Decreasing Long |
60,861 |
2.0323 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Decreasing Long |
22 |
2.0338 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Decreasing Long |
181 |
2.0341 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Decreasing Long |
23,482 |
2.0349 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Decreasing Long |
91,689 |
2.0373 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Opening Short |
97,082 |
2.0374 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Increasing Short |
63,400 |
2.0401 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Increasing Short |
3,473 |
2.0410 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Increasing Short |
127,187 |
2.0420 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Increasing Short |
34,518 |
2.0421 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Increasing Short |
463 |
2.0423 USD |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Increasing Short |
253,793 |
2.0424 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Increasing Short |
757 |
2.0428 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Increasing Short |
107,950 |
2.0453 GBP |
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LONDONMETRIC PROPERTY PLC |
SWAP |
Increasing Short |
4,172 |
2.0454 GBP |
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LONDONMETRIC PROPERTY PLC |
CFD |
Opening Long |
106,139 |
2.0116 GBP |
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LONDONMETRIC PROPERTY PLC |
CFD |
Increasing Long |
4,770 |
2.0191 GBP |
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LONDONMETRIC PROPERTY PLC |
CFD |
Increasing Long |
4,968 |
2.0418 GBP |
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LONDONMETRIC PROPERTY PLC |
CFD |
Decreasing Long |
29,389 |
2.0263 GBP |
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LONDONMETRIC PROPERTY PLC |
CFD |
Decreasing Long |
70,287 |
2.0394 GBP |
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(c) |
Stock-settled derivative transactions (including options) |
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(i) |
Writing, selling, purchasing or varying |
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Class |
Product |
Writing, |
Number |
Exercise |
Type |
Expiry |
Option |
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of |
description |
purchasing, |
of |
price |
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date |
money |
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relevant |
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selling, |
securities |
per unit |
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paid/ |
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security |
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varying etc |
to which |
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received |
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option |
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per unit |
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relates |
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(ii) |
Exercising |
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Class of relevant |
Product description |
Exercising/ exercised against |
Number of |
Exercise price per |
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security |
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securities |
unit |
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(d) |
Other dealings (including subscribing for new securities) |
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Class of relevant |
Nature of Dealings |
Details |
Price per unit (if |
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security |
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applicable) |
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4. |
OTHER INFORMATION |
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(a) |
Indemnity and other dealings arrangements |
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Details of any indemnity or option arrangement, or any agreement or understanding, |
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formal or informal, relating to relevant securities which may be an inducement to deal |
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or refrain from dealing entered into by the exempt principal trader making the disclosure and any party |
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to the offer or any person acting in concert with a party to the offer: |
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NONE |
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(b) |
Agreements, arrangements or understandings relating to options or derivatives |
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Details of any agreement, arrangement or understanding, formal or informal, between |
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the exempt principal trader making the disclosure and any other person relating to: |
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(i) the voting rights of any relevant securities under any option; or |
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(ii) the voting rights of future acquisition or disposal of any relevant securities to which |
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any derivative is referenced: |
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NONE |
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(c) |
Attachments |
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Is a Supplemental Form 8 (Open Positions) attached? |
NO |
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Date of disclosure: |
12 Feb 2026 |
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Contact name: |
Large Holdings Regulatory Operations |
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Telephone number: |
020 3134 7213 |
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