7 February
2025
PICTON PROPERTY INCOME
LIMITED
('Picton' or the
'Company')
LEI:
213800RYE59K9CKR4497
Share Buyback Programme -
Update
As previously announced on 30
January 2025, Picton has commenced a share buyback programme (the
'Programme') with a maximum aggregate consideration of £10
million. Since this announcement, 648,636
Ordinary Shares have been bought back pursuant to the Programme at
a total cost of approximately £0.4 million.
Picton today announces it
has provided irrevocable, non-discretionary
instructions to its corporate broker,
Stifel Nicolaus Europe Limited ('Stifel'), commencing today and
ending 30 April 2025. Any future
acquisitions under the Programme will be carried out within certain
pre-set parameters. Stifel
will act as riskless principal, carrying out the
Company's instructions through the acquisition of Ordinary Shares
in the Company for subsequent repurchase by the Company. Stifel has
absolute discretion and independence in respect of all trading
decisions it may make in respect of the Ordinary Shares.
All other details regarding the
Programme remain as announced on 30 January 2025.
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
£737 million UK commercial property portfolio, invested across 48
assets and with around 350 occupiers (as at 31 December
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
