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
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
ENDS
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.