Brief: Picton Property Income Porposed Offer Values Total Share Capital Of Picton At £403.4 Million
May 12 (Reuters) - Londonmetric Property PLC LMPL.L: LONDONMETRIC PICTON PROPERTY INC. SCHRODER REAL ESTATE - STATEMENT REGARDING A PROPOSED OFFER FOR PICTON PICTON PROPERTY INCOME LTD: PROPOSED DEAL FOR 0.190 LONDONMETRIC SHARES AND 0.881 SREIT SHARES PER PICTON SHARE PICTON PROPERTY INCOME LTD: PROPOSED OFFER VALUES ENTIRE ISSUED AND TO BE ISSUED SHARE CAPITAL OF PICTON AT £403.4 MILLION Source text: ID:nRSL8766Da Further company coverage: LMPL.L ((Reuters.Briefs@thomsonreuters.com;))