RNS Number : 5746P
Picton Property Income Limited
09 June 2015
 



9 June 2015

 

PICTON PROPERTY INCOME LIMITED

("PICTON" OR THE "COMPANY")

 

MICHAEL MORRIS APPOINTED AS NON-EXECUTIVE DIRECTOR

 

Picton, the property investment company, has appointed Michael Morris to the Board as a non-executive director, which, subject to regulatory approval, will be effective from 1 October 2015. In addition to this role he will remain Chief Executive of the Company's investment management subsidiary.

 

Michael, age 42, is Chief Executive of Picton Capital Limited.  Formerly, he was a Senior Director and Fund Manager at ING Real Estate Investment Management (UK) Limited, and has worked with the Group since it launched in 2005.  He has over 20 years of real estate experience and is a member of the Investment Property Forum. Michael sits on the Property Panel of the Association of Investment Companies and the CPD steering committee of the Investment Property Forum. He holds the Investment Management Certificate and the IPF Diploma in Property Investment.

 

Nicholas Thompson, Chairman of Picton, commented:

"The Board is delighted to make this appointment and this reflects the successes of the Company since Michael led the transition to internalised management and the formation of Picton Capital in 2012."

 

Additional information: Aside from the information set out in the announcement above there is no further information required to be disclosed pursuant to Listing Rule 9.6.13R.

 

ENDS

For further information:

 

Tavistock

Jeremy Carey/James Verstringhe, 020 7920 3150, jverstringhe@tavistock.co.uk

 

Picton Capital Limited

Michael Morris, 020 7011 9980, michael.morris@picton.co.uk

 

The Company Secretary

Northern Trust International Fund Administration Services (Guernsey) Limited

Trafalgar Court

Les Banques

St Peter Port

Guernsey

GY1 3QL

 

David Sauvarin, 01481 745001, team_picton@ntrs.com

 

 



 

Note to Editors

Picton Property Income Limited ('Picton') is an income focused property investment company listed on the London Stock Exchange. Picton can invest both directly and indirectly in commercial property across the United Kingdom.

 

With Net Assets of £370.0 million at 31 March 2015 and a portfolio of 57 assets, 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.  www.picton.co.uk


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