--- title: "Form 8.3 - Picton Property Income Limited" type: "News" locale: "en" url: "https://longbridge.com/en/news/281895680.md" description: "Rathbones Group Plc disclosed an opening position in Picton Property Income Limited, holding 37,168,607 NPV Ordinary Shares, representing 7.23% of the company. The disclosure includes details of recent transactions, with sales of 15,250, 18,500, 9,000, and 6,200 shares at varying prices, and a purchase of 6,200 shares. The disclosure is in compliance with Rule 8.3 of the Takeover Code, and no additional agreements or arrangements were reported. The disclosure was made on 07/04/2026 by Chinwe Enyi from the Compliance Department." datetime: "2026-04-07T14:03:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281895680.md) - [en](https://longbridge.com/en/news/281895680.md) - [zh-HK](https://longbridge.com/zh-HK/news/281895680.md) --- # Form 8.3 - Picton Property Income Limited **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:** Rathbones Group Plc **(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:** _Use a separate form for each offeror/offeree_ Picton Property Income Limited **(d)** **If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:** **(e)** **Date position held/dealing undertaken:** _For an opening position disclosure, state the latest practicable date prior to the disclosure_ 02/04/2026 **(f)** **In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?** _If it is a cash offer or possible cash offer, state “N/A”_ Yes – A consortium comprising LondonMetric Property plc and Schroder Real Estate Investment Trust Limited **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._ **(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:** **NPV Ordinary Shares** **Interests** **Short positions** **Number** **%** **Number** **%** **(1)** **Relevant securities owned and/or controlled:** **37,168,607** **7.23%** **(2)** **Cash-settled derivatives:** **(3)** **Stock-settled derivatives (including options) and agreements to purchase/sell:** **TOTAL:** **37,168,607** **7.23%** _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** **Class of relevant security** **Purchase/sale** **Number of securities** **Price per unit** **NPV Ordinary Shares** **Sale** 15,250 77.833p **NPV Ordinary Shares** **Sale** 18,500 76.8717p **NPV Ordinary Shares** **Sale** 9,000 77.0333p **NPV Ordinary Shares** **Sale** 6,200 77.133p **NPV Ordinary Shares** **Purchase** 6,200 77.2557p **(b)** **Cash-settled derivative transactions** - **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** **(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**_e.g. American, European etc._ - **Expiry date** - **Option money paid/ received per unit** **(ii)** **Exercise** - **Class of relevant security** - **Product description**_e.g. call option_ - **Exercising/ exercised against** - **Number of securities** - **Exercise price per unit** **(d)** **Other dealings (including subscribing for new securities)** - **Class of relevant security** - **Nature of dealing**_e.g. subscription, conversion_ - **Details** - **Price per unit (if applicable)** **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:** **07/04/2026** **Contact name:** **Chinwe Enyi – Compliance Department** **Telephone number:** **0151 243 7053** _Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service._ _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._ ### Related Stocks - [RAT.UK](https://longbridge.com/en/quote/RAT.UK.md) ## Related News & Research - [AGNICO EAGLE ANNOUNCES INVESTMENT IN WALLBRIDGE MINING COMPANY LIMITED | AEM Stock News](https://longbridge.com/en/news/287063692.md) - [POMDOCTOR LIMITED Announces Fiscal Year 2025 Financial Results | POM Stock News](https://longbridge.com/en/news/286463818.md) - [Borr Drilling Limited - 2026 AGM Results Notification | BORR Stock News](https://longbridge.com/en/news/287090523.md) - [Morgans Reaffirms Their Buy Rating on Shape Australia Corporation Limited (SHA)](https://longbridge.com/en/news/286714508.md) - [Jefferies Reaffirms Their Hold Rating on IIFL Finance Limited (IIFL)](https://longbridge.com/en/news/286673497.md)