Last checked at 15 Nov 2011 17:10
15 November 2011
PICTON PROPERTY INCOME LIMITED
("Picton" or the "Company")
Director/PDMR Shareholding
Pursuant to Listing Rule DTR3.1, Picton Property Income Limited announces that the following beneficial holding of ordinary shares was acquired by Mr Nicholas Thompson, Chairman of the Company, on 10 November 2011.
26,474 ordinary shares at 41.5p representing 0.0077% of the Company's issued share capital. The shares are registered under Barclay Stockbrokers.
Mr Thompson is the beneficial holder of a total of 38,467 ordinary shares representing 0.0111% of the Company's issued share capital.
In addition the Chairman also has an interest, through a connected party (Mrs Elizabeth Thompson), in a further 21,666 shares of nil par value, which were purchased on 19 October 2007.
-ENDS-
For further information:
Northern Trust International Fund Administration Services (Guernsey) Limited
David Sauvarin, 01481 745529, dts6@ntrs.com
Notes to Editors
Picton Property Income Limited* ('Picton'), a closed-end Investment Company listed on the London and Channel Islands Stock Exchanges, was established in 2005 to invest both directly and indirectly in commercial property across the United Kingdom.
With approximately 850 investors and a Net Asset Value of GBP 209 million at 30 June 2011, 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.
On the 1 January 2012 the Company will become a self managed property investment company with Picton Capital Limited, a wholly owned subsidiary of Picton Property Income Limited, taking over investment management from ING REIM UK Limited.
*Picton Property Income Limited changed its name from ING UK Real Estate Income Trust Limited on 1 June 2011.