Share Awards Vesting

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 shares vested	Number of shares 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 £757 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

 

END