Form 8.5 EPT/Non RI LONDONMETRIC PROPERTY PLC

Barclays PLC

16 February 2026

 

FORM 8.5 (EPT/NON-RI)
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN
EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS
(OR WHERE RI STATUS IS NOT APPLICABLE)
Rule 8.5 of the Takeover Code (the "Code")
1.				KEY INFORMATION
(a)	Name of exempt principal trader:				BARCLAYS CAPITAL SECURITIES LTD
(b)	Name of offeror/offeree in relation to whose				LONDONMETRIC PROPERTY PLC
	relevant securities this form relates:
(c)	Name of the party to the offer with which exempt				PICTON PROPERTY INCOME LTD
	principal trader is connected
(d)	Date position held/dealing undertaken:				13 Feb 2026
(e)	In addition to the company in 1(b) above, is the exempt principal				YES:
	trader making disclosures in respect of any other party to the offer?				PICTON PROPERTY INCOME LIMITED
2.				POSITIONS OF THE EXEMPT PRINCIPAL TRADER
(a)	Interests and short positions in the relevant securities of the offeror or offeree
	to which the disclosure relates following the dealing (if any)
Class of relevant security:				10p ordinary
				Interests		Short Positions
				Number	(%)	Number	(%)
(1)	Relevant securities owned
	and/or controlled:			13,550,201	0.58%	11,275,839	0.48%
(2)	Cash-settled derivatives:
	and/or controlled:			10,045,403	0.43%	6,986,585	0.30%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%
	TOTAL:			23,595,604	1.01%	18,262,424	0.78%
(b)	Rights to subscribe for new securities (including directors and other executive
	options)
Class of relevant security in relation to
which subscription right exists
Details, including nature of the rights
concerned and relevant percentages:
3.				DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER
(a)	Purchases and sales
Class of relevant		Purchase/sale		Total number of		Highest price per unit	Lowest price per unit
security				securities		paid/received	paid/received
10p ordinary		Purchase		3,062,999		2.1340  GBP	2.0594  GBP
10p ordinary		Sale		6,361,364		2.1340  GBP	2.0658  GBP
(b)	Cash-settled derivative transactions
Class of		Product		Nature of dealing		Number of	Price per
relevant		description				reference	unit
security						securities
10p ordinary		SWAP		Increasing Long		639	2.0658  GBP
10p ordinary		SWAP		Increasing Long		93,600	2.0701  GBP
10p ordinary		SWAP		Increasing Long		20,479	2.0884  GBP
10p ordinary		SWAP		Increasing Long		65,365	2.0906  GBP
10p ordinary		SWAP		Increasing Long		6,784	2.0919  GBP
10p ordinary		SWAP		Increasing Long		2,664	2.0940  GBP
10p ordinary		SWAP		Increasing Long		312,648	2.0983  GBP
10p ordinary		SWAP		Increasing Long		89,099	2.0999  GBP
10p ordinary		SWAP		Increasing Long		923,562	2.1034  GBP
10p ordinary		SWAP		Increasing Long		321,714	2.1039  GBP
10p ordinary		SWAP		Increasing Long		93,560	2.1049  GBP
10p ordinary		SWAP		Increasing Long		56,606	2.1054  GBP
10p ordinary		SWAP		Increasing Long		50,359	2.1063  GBP
10p ordinary		SWAP		Increasing Long		70	2.1084  GBP
10p ordinary		SWAP		Increasing Long		80	2.1085  GBP
10p ordinary		SWAP		Increasing Long		18,708	2.1106  GBP
10p ordinary		SWAP		Increasing Long		2,394	2.1109  GBP
10p ordinary		SWAP		Increasing Long		135,345	2.1136  GBP
10p ordinary		SWAP		Increasing Long		19,660	2.1154  GBP
10p ordinary		SWAP		Increasing Long		108,800	2.1158  GBP
10p ordinary		SWAP		Increasing Long		4,798	2.1175  GBP
10p ordinary		SWAP		Increasing Long		190,910	2.1178  GBP
10p ordinary		SWAP		Increasing Long		474,560	2.1179  GBP
10p ordinary		SWAP		Increasing Long		1,267,848	2.1180  GBP
10p ordinary		SWAP		Increasing Long		8,483	2.1198  GBP
10p ordinary		SWAP		Increasing Long		10,507	2.1204  GBP
10p ordinary		SWAP		Decreasing Long		282,257	2.0642  GBP
10p ordinary		SWAP		Decreasing Long		266,165	2.0725  GBP
10p ordinary		SWAP		Decreasing Long		7,085	2.0759  GBP
10p ordinary		SWAP		Decreasing Long		2,405	2.0760  GBP
10p ordinary		SWAP		Decreasing Long		1,405	2.0867  GBP
10p ordinary		SWAP		Decreasing Long		10,253	2.0868  GBP
10p ordinary		SWAP		Decreasing Long		7,968	2.0887  GBP
10p ordinary		SWAP		Decreasing Long		83	2.0925  GBP
10p ordinary		SWAP		Decreasing Long		20	2.0930  GBP
10p ordinary		SWAP		Decreasing Long		413	2.0963  GBP
10p ordinary		SWAP		Decreasing Long		222,801	2.1006  GBP
10p ordinary		SWAP		Decreasing Long		94	2.1031  GBP
10p ordinary		SWAP		Decreasing Long		164	2.1032  GBP
10p ordinary		SWAP		Decreasing Long		31	2.1052  GBP
10p ordinary		SWAP		Decreasing Long		4,761	2.1068  GBP
10p ordinary		SWAP		Decreasing Long		58,501	2.1088  GBP
10p ordinary		SWAP		Decreasing Long		5,385	2.1095  GBP
10p ordinary		SWAP		Decreasing Long		47	2.1114  GBP
10p ordinary		SWAP		Decreasing Long		353	2.1132  GBP
10p ordinary		SWAP		Decreasing Long		26,184	2.1145  GBP
10p ordinary		SWAP		Decreasing Long		679	2.1146  GBP
10p ordinary		SWAP		Decreasing Long		39,913	2.1167  GBP
10p ordinary		SWAP		Decreasing Long		346,117	2.1180  GBP
10p ordinary		SWAP		Decreasing Long		16,661	2.1215  GBP
10p ordinary		SWAP		Decreasing Long		174	2.1221  GBP
10p ordinary		CFD		Decreasing Short		4,625	2.0825  GBP
10p ordinary		CFD		Decreasing Short		208	2.0860  GBP
10p ordinary		CFD		Decreasing Short		141,662	2.0993  GBP
10p ordinary		CFD		Decreasing Short		2,014	2.1079  GBP
10p ordinary		CFD		Decreasing Short		51,446	2.1116  GBP
10p ordinary		CFD		Decreasing Short		301,760	2.1139  GBP
10p ordinary		CFD		Decreasing Short		26,881	2.1178  GBP
10p ordinary		CFD		Opening Long		132,703	2.1179  GBP
10p ordinary		CFD		Opening Short		151,401	2.0965  GBP
(c)	Stock-settled derivative transactions (including options)
(i)	Writing, selling, purchasing or varying
Class	Product	Writing,	Number	Exercise	Type	Expiry	Option
of	description	purchasing,	of	price		date	money
relevant		selling,	securities	per unit			paid/
security		varying etc	to which				received
			option				per unit
			relates
(ii)	Exercising
Class of relevant		Product description		Exercising/ exercised against		Number of	Exercise price per
security						securities	unit
(d)	Other dealings (including subscribing for new securities)
Class of relevant		Nature of Dealings		Details		Price per unit (if
security						applicable)
4.				OTHER INFORMATION
(a)	Indemnity and other dealings arrangements
Details of any indemnity or option arrangement, or any agreement or understanding,
formal or informal, relating to relevant securities which may be an inducement to deal
or refrain from dealing entered into by the exempt principal trader making the disclosure and any party
to the offer or any person acting in concert with a party to the offer:
NONE
(b)	Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between
the exempt principal trader making the disclosure and any other person relating to:
(i)   the voting rights of any relevant securities under any option; or
(ii)   the voting rights of future acquisition or disposal of any relevant securities to which
any derivative is referenced:
NONE
(c)	Attachments
Is a Supplemental Form 8 (Open Positions) attached?				NO
Date of disclosure:				16 Feb 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END