27 November
2019
PICTON PROPERTY
INCOME LIMITED
(“Picton”, the
“Company” or the “Group”)
LEI:
213800RYE59K9CKR4497
Appointment of
Non-Executive Director and Chairman Designate
Picton announces the appointment of Nick
Wiles as a non-executive director, effective from
1 January 2020.
Mr Wiles’ appointment follows Nicholas Thompson’s confirmation
earlier this year that he would stand down as chairman and from the
Board, having served the Company since launch in 2005. The
transition to chairman will take place on 1
June 2020, when Mr Thompson formally steps down as a
non-executive director of the Company.
Nick Wiles retired as chairman of
UK investment banking at Nomura in 2012. He has worked in
investment banking for more than 20 years, with the majority of
this time spent at Cazenove & Co, where he was a partner prior
to its incorporation. He is currently chairman of PayPoint plc and
until earlier this year was the senior independent non-executive
director of Primary Health Properties plc, prior to its merger with
MedicX.
Nicholas Thompson, Chairman,
commented: “Having completed a thorough search to find a
high-quality chairman for the business we are delighted to welcome
Nick Wiles to the Board, and I look
forward to working with him to ensure a seamless handover. He
brings extensive expertise in corporate finance, as well as being
an experienced FTSE 250 chairman. His knowledge and skills will
further strengthen our existing Board and help Picton to deliver
its growth strategy.
Nick Wiles, commented: “I
am delighted to be joining Picton at this time. Picton has a
well-respected management team who have built a strong track record
of creating value for shareholders over a number of years. I look
forward to working with the Board and management as we look to
maximise the future opportunities for all stakeholders in the
business.”
There are no other details or disclosures required under LR
9.6.13R of the Listing Rules of the Financial Conduct
Authority.
This announcement contains inside information.
For further information:
Tavistock
Jeremy Carey/James Verstringhe, 020 7920 3150,
james.verstringhe@tavistock.co.uk
Nicholas Thompson
c/o Northern Trust, 01481 745001, team_picton@ntrs.com
Note to Editors
Picton, established in 2005, is a UK REIT. It owns and actively
manages a £693 million diversified UK commercial property
portfolio, invested across 49 assets and with around 350 occupiers
(as at 30 September 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