Issue of Equity

RNS Number : 3239N

Picton Property Income Limited

05 September 2013

 



5 September 2013

PICTON PROPERTY INCOME LIMITED

("Picton" or the "Company")

ISSUE OF EQUITY

The Company announces that it has today issued 12,305,185 new ordinary shares for cash at a price of 51.5 pence per share, conditional on admission to listing. This price represents a premium to the Company's net asset value per share. The Company expects to use these proceeds to finance property investment opportunities currently under consideration. The new ordinary shares will rank pari passu with the existing ordinary shares and dealings are expected to commence on 10 September 2013.

The Company confirms that applications for the admission of 12,305,185 new ordinary shares to the Official List of the UK Listing Authority and for admission to trading on the Main Market of the London Stock Exchange have been made.

As at 5 September 2013, following this issue of shares, the number of ordinary shares that the Company has in issue is 357,641,303. The total number of voting rights of the Company is 357,641,303 and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the Disclosure and Transparency Rules.

For further information:

The Company Secretary

Northern Trust International Fund Administration Services (Guernsey) Limited

Trafalgar Court

Les Banques

St Peter Port

Guernsey                                                                                                             

GY1 3QL

Rachael Falla

Tel:  [phone]

Fax: [phone]

Notes to Editors

Picton Property Income Limited ('Picton') is an income focused, property 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 £169.6 million at 30 June 2013 and approximately 860 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. www.pictonproperty.co.uk 

 

END

 

 

IOELLFILASIEIIV