Picton Prop Inc Ltd Directorate Change
01 October 2015 - 5:03PM
UK Regulatory
TIDMPCTN
1 October 2015
PICTON PROPERTY INCOME LIMITED
("Picton" or the "Company")
PICTON APPOINTS MICHAEL MORRIS AS NON EXECUTIVE DIRECTOR
Picton, the property investment company, has appointed Michael Morris as a non
executive director, with effect from 1 October. Concurrently, Trevor Ash is to
stand down from the Board following ten years of service.
Michael Morris, age 43, is chief executive of Picton Capital Limited, the
wholly owned investment management subsidiary of Picton, and will continue in
this role. Formerly, he was a senior director and fund manager at ING Real
Estate Investment Management (UK) Limited, and he has worked with the Company
since it launched in 2005. He has 20 years of real estate experience and is a
member of the Investment Property Forum. Michael sits on the property panel of
the Association of Investment Companies and the CPD steering committee of the
Investment Property Forum.
Nicholas Thompson, chairman of Picton, commented: "Michael brings a wealth of
experience to the Board, having led the implementation of the transition of
Picton from ING and the subsequent internalisation of the investment management
of the company. The Board would also like to thank Trevor for his valuable
contribution to the company as a non-executive director since its inception."
Additional information: Aside from the information set out in the announcement
above there is no further information required to be disclosed pursuant to
Listing Rule 9.6.13R.
ENDS
For further information:
Tavistock
Jeremy Carey/James Verstringhe, 020 7920 3150, jverstringhe@tavistock.co.uk
Picton Capital Limited
Michael Morris, 020 7011 9980, michael.morris@picton.co.uk
The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL
David Sauvarin, 01481 745001, team_picton@ntrs.com
Note to Editors
Picton Property Income Limited ('Picton') is an income focused property
investment company listed on the London Stock Exchange. Picton can invest both
directly and indirectly in commercial property across the United Kingdom.
With Net Assets of GBP382.6 million at 31 June 2015, 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.picton.co.uk
END
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