Market Capitalisation £516.94M

Picton Property Income Limited entered the UK REIT regime on 1 October 2018 and became a commercial company. As such Picton is outside the scope of AIFMD and is not required to produce a Key Information Document (KID) under PRIIPs.

Picton Property Income Ltd - Long Term Incentive Plan Awards Vesting

PR Newswire

 25 June 2019

PICTON PROPERTY INCOME LIMITED
(“Picton”, the “Company” or the “Group”)

LEI: 213800RYE59K9CKR4497

LONG TERM INCENTIVE PLAN AWARDS VESTING

Picton (LSE:PCTN) announces the vesting of share awards previously granted to Persons Discharging Managerial Responsibility (“PDMRs”) under the Picton Property Income Limited 2016 Long Term Incentive Plan (“LTIP”).

In respect of the LTIP awards granted on 27 January 2017 the following ordinary shares have now vested and been exercised over the number of ordinary shares set out below:

PDMR Number of shares vested
Jay Cable 133,893

The linked tax qualifying option has not been exercised and has therefore lapsed.

This notification is made in accordance with the Market Abuse Regulation.

For further information:

Tavistock
Jeremy Carey/James Verstringhe, 020 7920 3150, james.verstringhe@tavistock.co.uk

Picton Property Income Limited
Michael Morris, 020 7011 9980, michael.morris@picton.co.uk

Note to Editors

Picton is a UK REIT, established in 2005. It owns and actively manages a £685 million diversified UK commercial property portfolio, invested across 49 assets and with around 350 occupiers (as at 31 March 2019). 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  

ENDS

Occupier focused, Opportunity led