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,
kathy.thompson@picton.co.uk
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