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Picton Property Income Limited announced that on 26 June 2024, it granted deferred share awards to two Persons Discharging Managerial Responsibility (PDMRs). Michael Morris received a DBP share award of 241,129 shares, and Andrew Dewhirst received a DBP notional share award of 163,932 shares. These awards, for which no consideration was paid, are scheduled to vest on 6 June 2026.
| Date | 26 Jun 2024 |
| Time | 16:35:36 |
| Category | Director/PDMR dealings |
| ID | 0244U |
26 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 26 June 2024, been granted awards over ordinary shares in Picton Property Income Limited, being deferred awards under the terms of the Picton Property Income Limited 2018 Deferred Bonus Plan ('DBP'), as set out below:
|
PDMR |
DBP share award |
DBP notional share award |
|
Michael Morris |
241,129 |
- |
|
Andrew Dewhirst |
- |
163,932 |
The deferred awards under the DBP will vest, subject to the terms of the DBP, 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