t
Barclays Capital Securities Ltd, an exempt principal trader connected with Picton Property Income Ltd, disclosed dealings in LondonMetric Property PLC 10p ordinary shares on 25 February 2026. On that date, they purchased 3,270,368 shares and sold 1,740,895 shares, alongside various cash-settled derivative transactions. Following these dealings, the firm's total interest in LondonMetric Property PLC was 19,354,950 shares (0.83%), with total short positions of 12,717,150 shares (0.54%).
| Date | 26 Feb 2026 |
| Time | 10:55:10 |
| Category | Holding(s) in company |
| ID | 5598U |
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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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25 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 LIMITED |
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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: |
10p ordinary |
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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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13,740,473 |
0.59% |
5,828,774 |
0.25% |
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(2) |
Cash-settled derivatives: |
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and/or controlled: |
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5,614,477 |
0.24% |
6,888,376 |
0.29% |
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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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19,354,950 |
0.83% |
12,717,150 |
0.54% |
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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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10p ordinary |
Purchase |
3,270,368 |
2.1120 GBP |
2.0860 GBP |
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10p ordinary |
Sale |
1,740,895 |
2.1120 GBP |
2.0860 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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10p ordinary |
SWAP |
Increasing Long |
11,183 |
2.1000 GBP |
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10p ordinary |
SWAP |
Increasing Long |
1,115 |
2.1003 GBP |
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10p ordinary |
SWAP |
Increasing Long |
22,750 |
2.1004 GBP |
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10p ordinary |
SWAP |
Increasing Long |
41,168 |
2.1006 GBP |
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10p ordinary |
SWAP |
Increasing Long |
4,172 |
2.1056 GBP |
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10p ordinary |
SWAP |
Increasing Long |
7,190 |
2.1070 GBP |
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10p ordinary |
SWAP |
Decreasing Long |
1 |
2.0860 GBP |
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10p ordinary |
SWAP |
Decreasing Long |
428 |
2.0980 GBP |
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10p ordinary |
SWAP |
Decreasing Long |
265,946 |
2.1000 GBP |
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10p ordinary |
SWAP |
Decreasing Long |
9,057 |
2.1001 GBP |
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10p ordinary |
SWAP |
Opening Short |
223,792 |
2.1006 GBP |
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10p ordinary |
SWAP |
Increasing Short |
28,513 |
2.1010 GBP |
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10p ordinary |
SWAP |
Increasing Short |
93,034 |
2.1015 GBP |
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10p ordinary |
SWAP |
Increasing Short |
29,513 |
2.1024 GBP |
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10p ordinary |
SWAP |
Increasing Short |
4,486 |
2.1026 GBP |
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10p ordinary |
SWAP |
Increasing Short |
6,789 |
2.1028 GBP |
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10p ordinary |
SWAP |
Increasing Short |
42,600 |
2.1030 GBP |
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10p ordinary |
SWAP |
Increasing Short |
4,335 |
2.1031 GBP |
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10p ordinary |
SWAP |
Increasing Short |
84,368 |
2.1032 GBP |
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10p ordinary |
SWAP |
Increasing Short |
515,543 |
2.1036 GBP |
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10p ordinary |
SWAP |
Increasing Short |
100,690 |
2.1038 GBP |
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10p ordinary |
SWAP |
Increasing Short |
65,165 |
2.1040 GBP |
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10p ordinary |
SWAP |
Increasing Short |
13,545 |
2.1041 GBP |
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10p ordinary |
SWAP |
Increasing Short |
58,043 |
2.1054 GBP |
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10p ordinary |
SWAP |
Increasing Short |
1 |
2.1080 GBP |
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10p ordinary |
CFD |
Decreasing Short |
3,854 |
2.0998 GBP |
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10p ordinary |
CFD |
Decreasing Short |
75,047 |
2.1026 GBP |
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10p ordinary |
CFD |
Decreasing Short |
1,272 |
2.1078 GBP |
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10p ordinary |
CFD |
Increasing Short |
25,011 |
2.1001 GBP |
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10p ordinary |
CFD |
Increasing Short |
7,445 |
2.1062 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: |
26 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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