Share Awards Vesting

Picton Property Income Limited

25 June 2024

 

25 June 2024

PICTON PROPERTY INCOME LIMITED

('Picton' or the 'Company')

LEI: 213800RYE59K9CKR4497

SHARE AWARDS VESTING

Picton announces the vesting of awards previously granted to Persons Discharging Managerial Responsibility ('PDMRs') under the Picton Property Income Limited 2016 Long-term Incentive Plan ('LTIP') and under the Picton Property Income Limited 2018 Deferred Bonus Plan ('DBP').

In respect of the LTIP and DBP awards granted on the following dates the following awards have now vested and been exercised over the number of ordinary shares as set out below:

PDMR	Plan	Grant date	Number of shares vested	Number of shares sold	Number of notional shares vested
Michael Morris	LTIP	22 June 2021	198,321	93,399	-
Michael Morris	DBP	17 June 2022	159,555	75,142	-
Andrew Dewhirst	LTIP	22 June 2021	118,675	55,890	-
Andrew Dewhirst	DBP	17 June 2022	108,498	51,098	-
Jay Cable	LTIP	22 June 2021	93,814	93,814	-
Jay Cable	DBP	17 June 2022	-	-	102,413
Jay Cable	DBP	22 June 2021	-	-	95,960

The sale price for the shares sold was 67.03 pence per share. PDMRs who are Executive Directors sold sufficient shares to fund the tax liabilities arising on vesting of their share awards.

This notification is made in accordance with the Market Abuse Regulation.

For further information:

Picton

Kathy Thompson, Company Secretary

020 7011 9988, [e-mail]

About Picton

Established in 2005, Picton is listed on the main market of the London Stock Exchange and is a constituent of a number of EPRA indices including the FTSE EPRA Nareit Global Index.

Picton owns and actively manages a £745 million UK commercial property portfolio, invested across 49 assets and with around 400 occupiers (as at 31 March 2024).

Through an occupier focused, opportunity led approach, Picton aims to be one of the consistently best performing diversified UK REITs and has delivered upper quartile outperformance and a consistently higher income return than the MSCI Quarterly Property Index since launch. 

With a portfolio strategically positioned to capture income and capital growth, currently weighted towards the industrial sector, Picton's agile business model provides flexibility to adapt to evolving market trends over the long-term.

Picton has a responsible approach to business and is committed to being net zero carbon by 2040.

For more information please visit: www.picton.co.uk

ENDS

 

 

END