Directorate Change

RNS Number : 8717K

Picton Property Income Limited

28 August 2012

 



Picton Property Income Limited (the" Company")

Directorate Resignation

28 August 2012

The Board of Directors of Picton Property Income Limited announces the resignation of Tjeerd Borstlap at the Annual General Meeting held on 24 August 2012. 

This will be effective on 30 September 2012 and reflects Tjeerd's increased employer commitments.  As such the Board is reviewing its composition and will make a further announcement as appropriate.

The Board thanks Tjeerd for his valuable contribution to the Company during his time as a Director.

For further information:

Rachael Falla

The Company Secretary

Northern Trust International Fund Administration Services (Guernsey) Limited

Trafalgar Court

Les Banques

St Peter Port

Guernsey

GY1 3QL

Tel:       [phone]

Fax:      [phone]

Note to Editors

Picton Property Income Limited ('Picton') is an income focused, internally managed Investment Company listed on the London and Channel Islands Stock Exchanges.  It was established in 2005 to invest both directly and indirectly in commercial property across the United Kingdom.

With Net Assets of £185.0 million at 30 June 2012 and approximately 850 investors, the Company's objective is to provide shareholders with an attractive level of income, together with the potential for capital growth by investing in the principal commercial property sectors.

 

END

 

 

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