4 October 2024
PICTON PROPERTY INCOME
LIMITED
('Picton' or the
'Company')
LEI:
213800RYE59K9CKR4497
Notice of Directorate
Change
Picton announces that Lena Wilson is
to step down as Chair and Non-Executive Director on 31 January
2025. This follows her recently announced appointment as Chair of
First Group plc and expected increase in time
commitment.
The Board will commence a search for
a suitable successor, with the transition and appointment process
being led by Mark Batten, the Company's Senior Independent
Director, acting as Interim Chair of the Nomination
Committee.
Michael Morris, Chief Executive,
commented: "I would like to thank Lena for her leadership,
guidance, and valued contribution during her time with Picton. The
Board and team wish her every success in her new role."
This notification is made in
accordance with UKLR 6.4.6R(2).
THIS ANNOUNCEMENT CONTAINS INSIDE
INFORMATION.
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
£718 million UK commercial property portfolio, invested across 48
assets and with around 350 occupiers (as at 30 June
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
