REG - Picton Property Inc. - Share Awards Vesting

Picton Property IncomeAnnouncement

07/12/2023 16:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231207:nRSG0840Wa&default-theme=true

RNS Number : 0840W  Picton Property Income Limited  07 December 2023

7 December 2023

PICTON PROPERTY INCOME LIMITED

('Picton')

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
 Michael Morris   LTIP  29 June 2020  162,524                  76,542
 Michael Morris   DBP   22 June 2021  186,666                  87,911
 Andrew Dewhirst  LTIP  29 June 2020  97,254                   45,802
 Andrew Dewhirst  DBP   22 June 2021  126,933                  59,779
 Jay Cable        LTIP  29 June 2020  79,935                   79,935

 

The sale price for the shares sold was 65.5 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

 

Picton, established in 2005, is a UK REIT. It owns and actively manages a
£757 million diversified UK commercial property portfolio, invested across 49
assets and with around 400 occupiers (as at 30 September 2023).

 

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

ENDS

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHTRBFTMTMMBRJ