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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Picton Property Income Limited | AQSE:PCTN.GB | Aquis Stock Exchange | Ordinary Share | GB00B0LCW208 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 64.30 | 57.70 | 70.90 | 64.30 | 64.30 | 64.30 | 0.00 | 06:56:52 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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TIDMPCTN TIDMPCTZ
14 Oct 2016
PICTON PROPERTY INCOME LIMITED
("Picton" or "Company")
PICTON SECURES GBP5.25 MILLION SETTLEMENT
Picton (LSE:PCTN), the income focused property investment company, will receive
a payment of GBP5.25 million following the final settlement of a dispute arising
from guarantee provisions within an occupational lease at the Strathmore Hotel,
Luton.
The settlement will have an accretive effect of just less than 1.0 pence per
share on the forthcoming quarterly NAV for the period to 30 September 2016 as
it relates to a dispute dating back to 2014. It will further reduce the
Company's net gearing, when received in November.
The property's current leasing arrangements and valuation are unaffected by the
settlement.
ENDS
For further information:
Tavistock
Jeremy Carey/James Verstringhe, 020 7920 3150, jverstringhe@tavistock.co.uk
Picton Capital Limited
Michael Morris, 020 7011 9980, michael.morris@picton.co.uk
Note to Editors
Picton is an income focused property investment company listed on the London
Stock Exchange. Picton can invest both directly and indirectly in commercial
property across the United Kingdom.
With Net Assets of GBP418.0 million at 30 June 2016, the Company´s objective is
to provide shareholders with an attractive level of income, together with the
potential for capital growth by investing in the principal commercial property
sectors. www.picton.co.uk
END
(END) Dow Jones Newswires
October 14, 2016 02:00 ET (06:00 GMT)
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