1 October 2015
PICTON PROPERTY INCOME LIMITED
(“Picton” or the “Company”)
PICTON APPOINTS MICHAEL MORRIS AS NON EXECUTIVE DIRECTOR
Picton, the property investment company, has appointed Michael Morris as a non executive director, with effect from 1 October. Concurrently, Trevor Ash is to stand down from the Board following ten years of service.
Michael Morris, age 43, is chief executive of Picton Capital Limited, the wholly owned investment management subsidiary of Picton, and will continue in this role. Formerly, he was a senior director and fund manager at ING Real Estate Investment Management (UK) Limited, and he has worked with the Company since it launched in 2005. He has 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.
Nicholas Thompson, chairman of Picton, commented: “Michael brings a wealth of experience to the Board, having led the implementation of the transition of Picton from ING and the subsequent internalisation of the investment management of the company. The Board would also like to thank Trevor for his valuable contribution to the company as a non-executive director since its inception.”
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.
For further information:
Jeremy Carey/James Verstringhe, 020 7920 3150, firstname.lastname@example.org
Picton Capital Limited
Michael Morris, 020 7011 9980, email@example.com
The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
St Peter Port
David Sauvarin, 01481 745001, firstname.lastname@example.org
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 £382.6 million at 31 June 2015, 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