REG - Picton Property Inc. - Share Buyback Programme – Update

Picton Property IncomeAnnouncement

07/02/2025 13:00

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RNS Number : 3868W  Picton Property Income Limited  07 February 2025

 

 

7 February 2025

 

PICTON PROPERTY INCOME LIMITED

('Picton' or the 'Company')

LEI: 213800RYE59K9CKR4497

 

Share Buyback Programme - Update

 

As previously announced on 30 January 2025, Picton has commenced a share
buyback programme (the 'Programme') with a maximum aggregate consideration of
£10 million. Since this announcement, 648,636 Ordinary Shares have been
bought back pursuant to the Programme at a total cost of approximately £0.4
million.

 

Picton today announces it has provided irrevocable, non-discretionary
instructions to its corporate broker, Stifel Nicolaus Europe Limited
('Stifel'), commencing today and ending 30 April 2025. Any future acquisitions
under the Programme will be carried out within certain pre-set parameters.
Stifel will act as riskless principal, carrying out the Company's instructions
through the acquisition of Ordinary Shares in the Company for subsequent
repurchase by the Company. Stifel has absolute discretion and independence in
respect of all trading decisions it may make in respect of the Ordinary
Shares.

 

All other details regarding the Programme remain as announced on 30 January
2025.

 

 

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 £737 million UK commercial property
portfolio, invested across 48 assets and with around 350 occupiers (as at 31
December 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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