Picton Property Inc. - Director/PDMR Shareholding

Picton Property Income

12/08/2026 15:18

RNS Number : 4395Q
  
Picton Property Income Limited
  
12 August 2026
  
 


12 August 2026
PICTON PROPERTY INCOME LIMITED
 ('Picton' or the 'Company')
PDMR/DIRECTOR DEALINGS AND GRANTING OF SHARE AWARDS
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'), and the granting of new awards to PDMRs.
In respect of the LTIP and DBP awards granted on the following dates, the following awards vested and were exercised on 7 August 2026 over the number of ordinary shares as set out below:




PDMR


Plan


Grant date


Number of

shares vested


Vesting shares disposed to satisfy tax and other(1) liabilities


Increase in holding


Beneficial holdings as at 12 August 2026




Michael Morris


LTIP


14 June 2023


200,576


94,462


106,114


1,612,615




Michael Morris


DBP


26 June 2024


241,129


113,559


127,570




Saira Johnston


DBP


6 June 2024


355,713


167,523


188,190


223,624




 
(1)  These shares were sold to fund the tax liabilities and/or national insurance contributions arising on vesting of Executive Director share awards. The sale price for the shares sold was 72.7 pence per share.
 
Each of the following PDMRs have, on 6 August 2026, been granted new awards over ordinary shares in Picton, being contingent share awards in the form of nil-cost options under the terms of the LTIP and deferred awards under the terms of the DBP, as set out below:
 




PDMR


2026 LTIP share award


2026 DBP share award




Michael Morris


815,808


416,244




Saira Johnston


514,815


262,790




The nil-cost options awarded under the 2026 LTIP will vest, subject to continued employment and the satisfaction of performance conditions, following completion of the performance period which ends on 31 March 2029. The actual number of shares that will vest will depend on the extent to which the performance conditions are satisfied over the performance period, which runs from 1 April 2026 to 31 March 2029. No consideration was paid for any of the awards and no consideration is due on vesting.
The deferred awards under the 2026 DBP will vest, subject to continued employment, on 6 August 2028. No consideration was paid for the awards and no consideration is due on vesting.
Further information on the impact of the proposed acquisition by LondonMetric Property plc and Schroder Real Estate Investment Trust Limited of the entire issued and to be issued ordinary share capital of Picton ('Acquisition') on the outstanding nil-cost options awarded under the LTIP and the deferred awards under the DBP is contained in the scheme document in connection with the Acquisition, which was sent to Picton shareholders and persons with information rights on 10 August 2026.
 
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  
For more information please visit: www.picton.co.uk  
LEI: 213800RYE59K9CKR4497
 




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