t
Barclays Capital Securities Ltd, an exempt principal trader connected to a consortium comprising LondonMetric Property PLC and Schroder Real Estate Investment Trust Limited, disclosed its dealings and positions in Picton Property Income Limited as of 06 July 2026. On that date, the firm held a total interest of 4,865,097 Ordinary NPV shares (0.95%) and total short positions of 4,924,862 Ordinary NPV shares (0.96%). Dealings included purchasing 61,491 Ordinary NPV shares and selling 57,292 Ordinary NPV shares, alongside various cash-settled derivative transactions.
| Date | 7 Jul 2026 |
| Time | 10:21:32 |
| Category | Holding(s) in company |
| ID | 3223L |
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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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PICTON PROPERTY INCOME LIMITED |
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relevant securities this form relates: |
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(c) |
Name of the party to the offer with which exempt |
A CONSORTIUM COMPRISING LONDONMETRIC PROPERTY PLC AND SCHRODER REAL ESTATE INVESTMENT TRUST LIMITED |
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principal trader is connected |
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(d) |
Date position held/dealing undertaken: |
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06 Jul 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? |
A CONSORTIUM COMPRISING LONDONMETRIC PROPERTY PLC AND SCHRODER REAL ESTATE INVESTMENT TRUST 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: |
Ordinary NPV |
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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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4,856,121 |
0.95% |
198,038 |
0.04% |
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(2) |
Cash-settled derivatives: |
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and/or controlled: |
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8,976 |
0.00% |
4,726,824 |
0.92% |
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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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4,865,097 |
0.95% |
4,924,862 |
0.96% |
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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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Ordinary NPV |
Purchase |
61,491 |
0.7179 GBP |
0.7140 GBP |
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Ordinary NPV |
Sale |
57,292 |
0.7174 GBP |
0.7140 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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Ordinary NPV |
SWAP |
Increasing Short |
19,671 |
0.7140 GBP |
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Ordinary NPV |
SWAP |
Increasing Short |
22,778 |
0.7140 GBP |
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Ordinary NPV |
CFD |
Decreasing Short |
2,312 |
0.7139 GBP |
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Ordinary NPV |
CFD |
Decreasing Short |
40 |
0.7142 GBP |
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Ordinary NPV |
CFD |
Increasing Short |
865 |
0.7150 GBP |
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Ordinary NPV |
CFD |
Decreasing Short |
21,171 |
0.7174 GBP |
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Ordinary NPV |
SWAP |
Decreasing Short |
2,311 |
0.7139 GBP |
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Ordinary NPV |
CFD |
Decreasing Short |
2,398 |
0.7139 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: |
07 Jul 2026 |
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Contact name: |
Large Holdings Regulatory Operations |
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Telephone number: |
020 3134 7213 |
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