Picton Property Income Limited Share Awards Vesting (0840W)

TIDMPCTN

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      Number of shares 
                                             shares vested         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, [e-mail]

About Picton

Picton, established in 2005, is a UK REIT. It owns and actively manages a GBP757 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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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.

END

DSHTRBFTMTMMBRJ

(END) Dow Jones Newswires

December 07, 2023 11:08 ET (16:08 GMT)