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22 May 2025 07:25:00
- Source: Sharecast
22 May 2025
PICTON PROPERTY INCOME LIMITED
('Picton' or the 'Company')
Share Buyback Programme - Update
Picton has bought back and cancelled 16,966,391 Ordinary Shares for a total consideration of approximately £11.7 million since the commencement of the share buyback programme (the 'Programme') on 30 January 2025.
Following the increase in the size of the Programme announced on 4 April 2025, the Company today announces a further 40% increase in the maximum aggregate consideration of the Programme from £12.5 million to £17.5 million to enable the Programme to continue and to coincide with the AGM due to be held in July 2025.
At the 2025 AGM the Company will seek to renew the authority from shareholders to repurchase shares in the following year.
All other details announced regarding the Programme remain unchanged.
For further information:
Picton
Kathy Thompson, Company Secretary
020 7011 9988, kathy.thompson@picton.co.uk
Tavistock
James Verstringhe
020 7920 3150, james.verstringhe@tavistock.co.uk
About Picton
Established in 2005, Picton is listed on the main market of the London Stock Exchange and is a constituent of a number of EPRA indices including the FTSE EPRA Nareit Global Index.
Picton owns and actively manages a £723 million UK commercial property portfolio, invested across 47 assets and with around 350 occupiers (as at 31 March 2025).
Through an occupier focused, opportunity led approach, Picton aims to be the consistently best performing diversified UK REIT and has delivered upper quartile outperformance and a consistently higher income return than the MSCI UK Quarterly Property Index since launch.
With a portfolio strategically positioned to capture income and capital growth, currently weighted towards the industrial sector, Picton's agile business model provides flexibility to adapt to evolving market trends over the long-term.
Picton has a responsible approach to business and is committed to being net zero carbon by 2040.
For more information please visit: www.picton.co.uk
LEI: 213800RYE59K9CKR4497
ENDS
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