28 June
2018
PICTON PROPERTY
INCOME LIMITED
(“Picton”, the “Company” or the “Group”)
LEI:
213800RYE59K9CKR4497
Posting of
Shareholder Circular
Picton announces that a shareholder circular (the “Circular”)
will today be sent to shareholders giving notice of an
Extraordinary General Meeting of the Company (“EGM”) to be held at
Trafalgar Court, Les Banques, St Peter Port, Guernsey at
2.30 p.m. on 23 July 2018.
The Circular contains details of the resolutions to be put to
shareholders at the EGM in relation to the proposals for the
Company to (i) adopt New Articles in connection with its
application for the Group to become a REIT Group and (ii) transfer
the listing of the whole of the Company’s issued share capital from
that of a premium listed closed-ended investment fund under Chapter
15 of the Listing Rules to a premium listed commercial company
under Chapter 6 of the Listing Rules.
Conditional on, inter alia, the passing of the proposed
resolutions at the EGM, the expected date of the Group’s entry into
the REIT Regime and the effective date for the transfer of the
listing category of the Company will be 1
October 2018.
The Circular will today be available on the Company’s website at
http://www.picton.co.uk/. In accordance with Listing Rule 9.6.1, a
copy of this document will also be submitted to the UK Listing
Authority via the National Storage Mechanism and will shortly be
available for viewing at http://www.morningstar.co.uk/uk/NSM.
For further information, please
contact:
Picton Capital Limited
Michael Morris
Tel: 020 7011 9980
Email: michael.morris@picton.co.uk
Stifel Nicolaus Europe Limited
Tom Yeadon
Tel: 020 7710 7480
Email: tom.yeadon@stifel.com
Tavistock
Jeremy Carey/James Verstringhe
Tel: 020 7920 3150
Email: james.verstringhe@tavistock.co.uk
Note to Editors
Picton is a property investment company established in
2005. It owns and actively manages a £684 million diversified
UK commercial portfolio, invested across 51 assets and with around
360 occupiers (as at 31 March 2018).
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.
This announcement contains forward looking statements.
For more information please visit: www.picton.co.uk