Picton Property Income (GB:PCTN) has released an update.
Picton Property Income Limited has announced the vesting and subsequent exercise of share awards under its 2016 Long-term Incentive Plan and 2018 Deferred Bonus Plan for key managerial personnel. The involved executives sold a portion of their shares at a price of 67.03 pence each to cover tax liabilities associated with the vesting of these awards. This strategic financial move aligns with Picton’s established reputation as a strong performer in the UK REIT sector with a focus on industrial properties and a commitment to net zero carbon by 2040.
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