PCTN Picton Property Income Ld

 
TIDMPCTN 
 
25 June 2019 
 
                        PICTON PROPERTY INCOME LIMITED 
                   ("Picton", the "Company" or the "Group") 
 
                           LEI: 213800RYE59K9CKR4497 
 
                             GRANT OF SHARE AWARDS 
 
Picton (LSE:PCTN) announces that the following share awards have been granted 
to Persons Discharging Managerial Responsibility ("PDMRs"). 
 
Each of the following PDMRs have, on 19 June 2019, been granted share awards 
over ordinary shares in Picton Property Income Limited, being contingent 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 
 
Michael Morris                          328,153                     175,137 
 
Andrew Dewhirst                         214,218                     116,758 
 
Jay Cable                               150,163                        - 
 
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 2022. 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 
2019 to 31 March 2022. No consideration was paid for any of the awards and no 
consideration is due on vesting. 
 
The deferred share awards under the DBP will vest, subject to continued 
employment, on 19 June 2021. 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: 
 
Tavistock 
Jeremy Carey/James Verstringhe, 020 7920 3150, 
james.verstringhe@tavistock.co.uk 
 
Picton Property Income Limited 
Michael Morris, 020 7011 9980, michael.morris@picton.co.uk 
 
Note to Editors 
 
Picton is a UK REIT, established in 2005. It owns and actively manages a GBP685 
million diversified UK commercial property portfolio, invested across 49 assets 
and with around 350 occupiers (as at 31 March 2019). 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 
 

(END) Dow Jones Newswires

June 25, 2019 11:26 ET (15:26 GMT)

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