Form 8.5 (EPT/RI)LondonMetric & Schroder Amendment
FORM 8.5 (EPT/RI)
Replacement to RNS 8057J - Section 2(a) Purchases and Sales has been amended
PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
Rule 8.5 of the Takeover Code (the "Code")
1. KEY INFORMATION
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(a) Name of exempt principal trader: |
Peel Hunt LLP |
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(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree |
A consortium comprising LondonMetric Property plc and Schroder Real Estate Investment Trust Limited |
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(c) Name of the party to the offer with which exempt principal trader is connected: |
A consortium comprising LondonMetric Property plc and Schroder Real Estate Investment Trust Limited |
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(d) Date dealing undertaken: |
24 June 2026
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(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer? If it is a cash offer or possible cash offer, state "N/A" |
Picton Property Income Limited |
2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER
(a) Purchases and sales
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Class of relevant security |
Purchases/ sales
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Total number of securities |
Highest price per unit paid/received |
Lowest price per unit paid/received |
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LondonMetric 10p ordinary |
Purchases |
547,527 |
189.57 GBx
|
186.10 GBx
|
|
LondonMetric 10p ordinary |
Sales |
706,998 |
189.63 GBx
|
186.86 GBx
|
|
Schroder REIT ordinary NPV |
Purchases |
1,103,146 |
46.84 GBx |
45.80 GBx |
|
Schroder REIT ordinary NPV |
Sales |
686,488 |
46.86 GBx |
46.10 GBx |
(b) Cash-settled derivative transactions
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Class of relevant security |
Product description e.g. CFD |
Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position |
Number of reference securities |
Price per unit |
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(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
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Class of relevant security |
Product description e.g. call option |
Writing, purchasing, selling, varying etc. |
Number of securities to which option relates |
Exercise price per unit |
Type e.g. American, European etc. |
Expiry date |
Option money paid/ received per unit |
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(ii) Exercise
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Class of relevant security |
Product description e.g. call option |
Exercising/ exercised against |
Number of securities |
Exercise price per unit |
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(d) Other dealings (including subscribing for new securities)
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Class of relevant security |
Nature of dealing e.g. subscription, conversion |
Details |
Price per unit (if applicable) |
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3. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
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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: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none" |
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None |
(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 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 or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none" |
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None |
Date of disclosure: |
25 June 2026
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Contact name: |
Lesah Munyakazi
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Telephone number: |
+44 (0) 20 7418 8900 |
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