Picton Property Income Limited Employee Benefit Trust Share Purchase

RNS Number : 7487Z

Picton Property Income Limited

08 August 2024

 

8 August 2024

 

PICTON PROPERTY INCOME LIMITED

('Picton' or the 'Company')

LEI: 213800RYE59K9CKR4497

 

Employee Benefit Trust Share Purchase

 

The Company was notified on 7 August 2024 by Intertrust Employee Benefit Trustee Limited, as trustee of the Picton Property Income Limited Employee Benefit Trust (the 'Trust'), that it had completed the purchase of 275,000 ordinary shares in the Company at an average share price of 74.9 pence.

 

The Trust holds shares for the benefit of the Company's employees and in particular to satisfy awards made under the Company's Long-term Incentive Plan and Deferred Bonus Plan.

 

The Trust currently holds 2,953,342 ordinary shares representing approximately 0.5% of the Company's current voting rights.

 

For further information:

 

Picton

Kathy Thompson, Company Secretary

020 7011 9988, [e-mail]

 

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 £718 million UK commercial property portfolio, invested across 48 assets and with around 350 occupiers (as at 30 June 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

 

 

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