Picton Prop Inc Ltd Directorate Change
May 20 2020 - 1:00AM
UK Regulatory
TIDMPCTN
20 May 2020
PICTON PROPERTY INCOME LIMITED
("Picton", the "Company" or the "Group")
LEI: 213800RYE59K9CKR4497
Directorate Change
Further to the announcement dated 27 November 2019 announcing Nick Wiles'
appointment to the Board of Picton and as Chairman designate, Picton announces
that due to a change of circumstances he will no longer assume the role of
Chairman as envisaged and consequently will step down from the Board.
This follows his appointment, announced today as Chief Executive of PayPoint
Plc where he was previously Chairman for the past five years. This new
appointment now precludes him from the Picton role.
Nick Thompson, who was due to stand down from the Board later this year, will
instead now remain as Chairman until a suitable replacement is identified. In
the meantime, the process to find a new Chairman has commenced and Maria
Bentley will resume her role as Chair of the Nominations Committee.
Nick Thompson, Chairman of Picton, commented:
"The search for a new Chairman has already commenced and at the request of the
Board I am pleased to remain in position to ensure continuity during this
period. We wish Nick well in his new role."
For further information:
Tavistock
Jeremy Carey/James Verstringhe, 020 7920 3150,
james.verstringhe@tavistock.co.uk
Picton
Michael Morris, 020 7011 9980, michael.morris@picton.co.uk
Note to Editors
Picton, established in 2005, is a UK REIT. It owns and actively manages a GBP665
million diversified UK commercial property portfolio, invested across 47 assets
and with around 350 occupiers (as at 31 March 2020). 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
END
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