Business
Director/PDMR Shareholding
Picton Property Income Limited announced the vesting of awards under its Long-term Incentive Plan and Deferred Bonus Plan on August 7, 2026, with PDMRs Michael Morris and Saira Johnston seeing a combined increase of 421,874 shares after tax liabilities were settled by selling shares at 72.7 pence each. Additionally, new awards were granted on August 6, 2026, with Michael Morris receiving 815,808 LTIP shares and 416,244 DBP shares, while Saira Johnston was granted 514,815 LTIP shares and 262,790 DBP shares. The LTIP awards are contingent on performance until March 31, 2029, and the DBP awards vest on August 6, 2028. The impact of the proposed acquisition by LondonMetric Property plc and Schroder Real Estate Investment Trust Limited on these awards is detailed in a scheme document sent to shareholders on August 10, 2026. Disclaimer*
About this update from Picton Property Income Limited
12 August 2026 PICTON PROPERTY INCOME LIMITED ('Picton' or the 'Company') PDMR/DIRECTOR DEALINGS AND GRANTING OF SHARE AWARDS Picton announces the vesting of awards previously granted to Persons Discharging Managerial Responsibility ('PDMRs') under the Picton Property Income Limited 2016 Long-term Incentive Plan ('LTIP') and under the Picton Property Income Limited 2018 Deferred Bonus Plan ('DBP'), and the granting of new awards to PDMRs. In respect of the LTIP and DBP awards granted on the following dates, the following awards vested and were exercised on 7 August 2026 over the number of ordinary shares as set out below: PDMR Plan Grant date Number of shares vested Vesting shares disposed to satisfy tax and other (1) liabilities Increase in holding Beneficial holdings as at 12 August 2026 Michael Morris LTIP 14 June 2023 200,576 94,462 106,114 1,612,615 Michael Morris DBP 26 June 2024 241,129 113,559 127,570 Saira Johnston DBP 6 June 2024 355,713 167,523 188,190 223,624 (1) These shares were sold to fund the tax liabilities and/or national insurance contributions arising on vesting of Executive Director share awards. The sale price for the shares sold was 72.7 pence per share. Each of the following PDMRs have, on 6 August 2026, been granted new awards over ordinary shares in Picton, being contingent share awards in the form of nil-cost options under the terms of the LTIP and deferred awards under the terms of the DBP, as set out below: PDMR 2026 LTIP share award 2026 DBP share award Michael Morris 815,808 416,244 Saira Johnston 514,815 262,790 The nil-cost options awarded under the 2026 LTIP will vest, subject to continued employment and the satisfaction of performance conditions, following completion of the performance period which ends on 31 March 2029. The actual number of shares that will vest will depend on the extent to which the performance conditions are satisfied over the performance period, which runs from 1 April 2026 to 31 March 2029. No consideration was paid for any of the awards and no consideration is due on vesting. The deferred awards under the 2026 DBP will vest, subject to continued employment, on 6 August 2028. No consideration was paid for the awards and no consideration is due on vesting. Further information on the impact of the proposed acquisition by LondonMetric Property plc and Schroder Real Estate Investment Trust Limited of the entire issued and to be issued ordinary share capital of Picton ('Acquisition') on the outstanding nil-cost options awarded under the LTIP and the deferred awards under the DBP is contained in the scheme document in connection with the Acquisition, which was sent to Picton shareholders and persons with information rights on 10 August 2026. This notification is made in accordance with the Market Abuse Regulation. For further information: Picton Kathy Thompson, Company Secretary 020 7011 9988, [email protected] For more information please visit: www.picton.co.uk LEI: 213800RYE59K9CKR4497
View stock analysis, news, and events for Picton Property Income Limited