REG - Picton Property Inc. - Share Awards Vesting

Picton Property IncomeAnnouncement

25/06/2025 10:15

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RNS Number : 3595O  Picton Property Income Limited  25 June 2025

25 June 2025

PICTON PROPERTY INCOME LIMITED

('Picton' or the 'Company')

 

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  17 June 2022  197,279                  92,909                 -
 Michael Morris  DBP   14 June 2023  301,997                  142,225                -
 Jay Cable       LTIP  17 June 2022  88,310                   88,310
 Jay Cable       DBP   14 June 2023  -                        -                         137,324

 

Where appropriate, sufficient shares were sold to fund the tax liabilities
arising on vesting of Executive Director share awards. The sale price for the
shares sold was 80.05 pence per share.

 

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 £723 million UK commercial property
portfolio, invested across 47 assets and with around 350 occupiers (as at 31
March 2025).

 

Through an occupier focused, opportunity led approach, Picton aims to be the
consistently best performing diversified UK REIT and has delivered upper
quartile outperformance and a consistently higher income return than the MSCI
UK 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)

 

LEI: 213800RYE59K9CKR4497

 

ENDS

 

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