REG - Raymond James WM Schroder Real Estate Picton Property Inc. LondonMetric - Form 8.3 LondonMetric plc (RJWM)

Londonmetric PropertyAnnouncement

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RNS Number : 4269A  Raymond James Wealth Management Ltd  14 April 2026

  FORM 8.3

 

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the "Code")

 

1.         KEY INFORMATION

 (a) Full name of discloser:                                                      Raymond James Wealth Management Ltd on behalf of discretionary clients
 (b) Owner or controller of interests and short positions disclosed, if
 different from 1(a):

      The naming of nominee or vehicle companies is insufficient.  For a

 trust, the trustee(s), settlor and beneficiaries must be named.
 (c) Name of offeror/offeree in relation to whose relevant securities this form
 relates:

                                                                                A consortium comprising LondonMetric Property plc and Schroder Real Estate
      Use a separate form for each offeror/offeree                                Investment Trust Limited
 (d) If an exempt fund manager connected with an offeror/offeree, state this
 and specify identity of offeror/offeree:

                                                                                  N/A
 (e) Date position held/dealing undertaken:                                       13 April 2026

      For an opening position disclosure, state the latest practicable date
 prior to the disclosure
 (f)  In addition to the company in 1(c) above, is the discloser making           Yes - Picton Property Income LTD
 disclosures in respect of any other party to the offer?

      If it is a cash offer or possible cash offer, state "N/A"

 

2.         POSITIONS OF THE PERSON MAKING THE DISCLOSURE

 

If there are positions or rights to subscribe to disclose in more than one
class of relevant securities of the offeror or offeree named in 1(c), copy
table 2(a) or (b) (as appropriate) for each additional class of relevant
security.

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:                                          LondonMetric Property plc Ord 10p

                                                                      Interests              Short positions

                                                                      Number      %          Number     %
 (1) Relevant securities owned and/or controlled:                     23,722,427  1.01%
 (2) Cash-settled derivatives:

 (3) Stock-settled derivatives (including options) and agreements to
 purchase/sell:
                                                                      23,722,427  1.01%

      TOTAL:

 

NB: The change in holdings from previous disclosure on 13/4/26 is due to a
transfer IN of 3827 shares into our discretionary holding.

 

 

 

 Class of relevant security:                                          Schroder Real Estate Investment Trust Limited Ordinary NPV

                                                                      Interests                         Short positions

                                                                      Number           %                Number           %
 (1) Relevant securities owned and/or controlled:                     1,691,036        0.34%

 (2) Cash-settled derivatives:

 (3) Stock-settled derivatives (including options) and agreements to
 purchase/sell:
                                                                      1,691,036        0.34%

      TOTAL:

 

 

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded
options), or agreements to purchase or sell relevant securities, should be
given on a Supplemental Form 8 (Open Positions).

 

(b)        Rights to subscribe for new securities (including directors'
and other employee 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 PERSON MAKING THE DISCLOSURE

 

Where there have been dealings in more than one class of relevant securities
of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as
appropriate) for each additional class of relevant security dealt in.

 

The currency of all prices and other monetary amounts should be stated.

 

(a)        Purchases and sales

LondonMetric Property

 Class of relevant security  Purchase/sale  Number of securities  Price per unit

 Ord 10p                     Buy            1140                  189.55p

Ord 10p

                           Buy            2590                  189.18p
 Ord 10p

                           Buy            3500                  189.23p
 Ord 10p

                           Buy            6000                  189.76p
 Ord 10p

                           Buy            1500                  190.01p
 Ord 10p

                             Sell           6000                  189.68p

1140

2590

3500

6000

1500

6000

189.55p

189.18p

189.23p

189.76p

190.01p

189.68p

 

 

 

 

(b)        Cash-settled derivative transactions

 

 Class of relevant security  Product description  Nature of dealing                                                              Number of reference securities  Price per unit

                             e.g. CFD             e.g. opening/closing a long/short position, increasing/reducing a long/short
                                                  position

 

(c)        Stock-settled derivative transactions (including options)

 

(i)         Writing, selling, purchasing or varying

 

 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                           Expiry date  Option money paid/ received per unit

                                                                                                                                                                                      e.g. American, European etc.

 

(ii)        Exercise

 

 Class of relevant security  Product description  Exercising/ exercised against  Number of securities  Exercise price per unit

                             e.g. call option

 

(d)        Other dealings (including subscribing for new securities)

 

 Class of relevant security  Nature of dealing               Details  Price per unit (if applicable)

                             e.g. subscription, conversion

 

4.         OTHER INFORMATION

 

(a)        Indemnity and other dealing 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 person
 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"

 None

 

(b)        Agreements, arrangements or understandings relating to
options or derivatives

 

 Details of any agreement, arrangement or understanding, formal or informal,
 between the person 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"

 None

 

(c)        Attachments

 

 Is a Supplemental Form 8 (Open Positions) attached?  No

 

 

 Date of disclosure:  14/04/2026
 Contact name:        Coco Cowper
 Telephone number:    020 71496497

 

Public disclosures under Rule 8 of the Code must be made to a Regulatory
Information Service and must also be emailed to the Takeover Panel at
monitoring@disclosure.org.uk (mailto:monitoring@disclosure.org.uk) .  The
Panel's Market Surveillance Unit is available for consultation in relation to
the Code's disclosure requirements on +44 (0)20 7638 0129.

 

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk
(http://www.thetakeoverpanel.org.uk) .

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