London, October 1
1 October 2018
PICTON PROPERTY INCOME LIMITED
(“Picton”, the “Company” or the “Group”)
Transfer of Listing Category, Conversion to UK REIT & Directorate Change
Picton (LSE: PCTN), announces that pursuant to the relevant resolution being passed by shareholders at the Company’s EGM on 23 July 2018, the Company’s listing category has been transferred as of 08.00 today from “premium listing (investment company)” to “premium listing (commercial company)”.
In addition, the Company has elected to join the UK REIT regime, bringing management and control to the UK. The first dividend distribution as a UK REIT will be in February 2019.
On 30 September, Robert Sinclair and Vic Holmes retired from the Board.Andrew Dewhirst has been appointed to the Board as finance director, having previously been finance director of Picton Capital. As announced on 6th August, Maria Bentley has also been appointed as independent non-executive director and chair of the Remuneration Committee. Both appointments are effective from 1 October 2018.
There are no additional matters that would require disclosure under LR 9.6.13 R (1) to (6) in relation to these appointments.
For further information please contact:
Jeremy Carey/James Verstringhe, 020 7920 3150, email@example.com
Picton Property Income Limited
Michael Morris, 020 7011 9980
Note to Editors
Picton is a diversified UK commercial property REIT. It owns and actively manages a £678 million portfolio, invested across 49 assets and with around 360 occupiers (as at 30 June 2018). Through an occupier focused, opportunity led approach to asset management, Picton aims to be one of the consistently best performing diversified UK focused property companies listed on the main market of the London Stock Exchange.
For more information please visit: www.picton.co.uk