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RNS Number : 8296R Picton Property Income Limited 10 June 2024
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
(mailto: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 (http://www.picton.co.uk)
ENDS
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