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Picton Property Income Ltd - Share Awards Vesting

·2-min read

24 June 2021

PICTON PROPERTY INCOME LIMITED
(“Picton”, the “Company” or the “Group”)
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 notional shares vested

Number of shares sold

Michael Morris

LTIP

8 June 2018

220,264

-

103,733

Michael Morris

DBP

19 June 2019

175,137

-

82,480

Andrew Dewhirst

LTIP

8 June 2018

129,222

-

60,857

Andrew Dewhirst

DBP

19 June 2019

116,758

-

54,988

Jay Cable

LTIP

8 June 2018

99,118

-

99,118

Jay Cable

DBP

19 June 2019

-

74,661

-

The sale price for the shares sold was 87.1 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:

Company Secretary

Northern Trust International Fund Administration Services (Guernsey) Limited, 01481 745001, team_picton@ntrs.com

Note to Editors

Picton, established in 2005, is a UK REIT. It owns and actively manages a £682 million diversified UK commercial property portfolio, invested across 46 assets and with around 350 occupiers (as at 31 March 2021). 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.

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