IRET Ing Uk

 
TIDMPCTN 
 
1 October 2015 
 
                        PICTON PROPERTY INCOME LIMITED 
                          ("Picton" or the "Company") 
 
           PICTON APPOINTS MICHAEL MORRIS AS NON EXECUTIVE DIRECTOR 
 
Picton, the property investment company, has appointed Michael Morris as a non 
executive director, with effect from 1 October.  Concurrently, Trevor Ash is to 
stand down from the Board following ten years of service. 
 
Michael Morris, age 43, is chief executive of Picton Capital Limited, the 
wholly owned investment management subsidiary of Picton, and will continue in 
this role. Formerly, he was a senior director and fund manager at ING Real 
Estate Investment Management (UK) Limited, and he has worked with the Company 
since it launched in 2005. He has 20 years of real estate experience and is a 
member of the Investment Property Forum. Michael sits on the property panel of 
the Association of Investment Companies and the CPD steering committee of the 
Investment Property Forum. 
 
Nicholas Thompson, chairman of Picton, commented: "Michael brings a wealth of 
experience to the Board, having led the implementation of the transition of 
Picton from ING and the subsequent internalisation of the investment management 
of the company. The Board would also like to thank Trevor for his valuable 
contribution to the company as a non-executive director since its inception." 
 
Additional information: Aside from the information set out in the announcement 
above there is no further information required to be disclosed pursuant to 
Listing Rule 9.6.13R. 
 
                                     ENDS 
 
For further information: 
 
Tavistock 
Jeremy Carey/James Verstringhe, 020 7920 3150, jverstringhe@tavistock.co.uk 
 
Picton Capital Limited 
Michael Morris, 020 7011 9980, michael.morris@picton.co.uk 
 
The Company Secretary 
 
Northern Trust International Fund Administration Services (Guernsey) Limited 
Trafalgar Court 
Les Banques 
St Peter Port 
Guernsey 
GY1 3QL 
David Sauvarin, 01481 745001, team_picton@ntrs.com 
 
Note to Editors 
 
Picton Property Income Limited ('Picton') is an income focused property 
investment company listed on the London Stock Exchange. Picton can invest both 
directly and indirectly in commercial property across the United Kingdom. 
 
With Net Assets of GBP382.6 million at 31 June 2015, the Company's objective is 
to provide shareholders with an attractive level of income, together with the 
potential for capital growth by investing in the principal commercial property 
sectors.  www.picton.co.uk 
 
 
 
END 
 

(END) Dow Jones Newswires

October 01, 2015 03:03 ET (07:03 GMT)

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