Share Name Share Symbol Market Type Share ISIN Share Description
Picton Property Income Ld LSE:PCTN London Ordinary Share GB00B0LCW208 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.30 -0.3% 99.50 99.80 100.00 99.50 99.50 99.50 206,324 13:19:23
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 43.3 33.8 6.2 16.0 545

Picton Property Income Ltd - Grant of Share Awards

23/06/2021 10:17am

PR Newswire (US)

Picton Property Income Ld (LSE:PCTN)
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 23 June 2021

(“Picton”, the “Company” or the “Group”)

LEI: 213800RYE59K9CKR4497


Picton announces that the following awards have been granted to Persons Discharging Managerial Responsibility (“PDMRs”).

Each of the following PDMRs have, on 22 June 2021, been granted awards over ordinary shares in Picton Property Income Limited, being contingent share awards in the form of nil-cost options under the terms of the Picton Property Income Limited 2016 Long Term Incentive Plan (“LTIP”) and deferred awards under the terms of the Picton Property Income Limited 2018 Deferred Bonus Plan (“DBP”), as set out below:

PDMR LTIP share award DBP share award DBP notional share award
Michael Morris 403,339 186,666 -
Andrew Dewhirst 241,358 126,933 -
Jay Cable 190,797 - 95,960

The nil-cost options awarded under the LTIP will vest, subject to continued employment and the satisfaction of performance conditions, following completion of the performance period which ends on 31 March 2024. The actual number of shares that will vest will depend on the extent to which the performance conditions are satisfied over the performance period, which runs from 1 April 2021 to 31 March 2024. No consideration was paid for any of the awards and no consideration is due on vesting.

The deferred awards under the DBP will vest, subject to continued employment, on 22 June 2023. No consideration was paid for the awards and no consideration is due on vesting.

This notification is made in accordance with the Market Abuse Regulation.


For further information:

Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited,
1481 745001,

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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