Picton Property Inc. - Share Awards Vesting

Picton Property Income

25/06/2024 16:49

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RNS Number : 8398T  Picton Property Income Limited  25 June 2024

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
(mailto: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 (http://www.picton.co.uk)

ENDS

 

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