10 June 2024
PICTON PROPERTY INCOME
LIMITED
('Picton' or the
'Company')
LEI:
213800RYE59K9CKR4497
GRANT OF SHARE
AWARDS
Picton announces that the following
awards have been granted to Persons Discharging Managerial
Responsibility ('PDMRs').
Each of the following PDMRs have, on
6 June 2024, 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
|
528,316
|
-
|
-
|
|
Saira Johnston
|
-
|
355,713
|
-
|
|
Jay Cable
|
232,047
|
-
|
111,160
|
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 2027. 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 2024 to 31 March 2027. 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 6 June 2026. 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:
Picton
Kathy Thompson, Company
Secretary
020 7011 9988,
kathy.thompson@picton.co.uk
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
£745 million UK commercial property portfolio, invested across 49
assets and with around 400 occupiers (as at 31 March
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