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

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

ENDS

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