19 September 2016
PICTON ZDP LIMITED
REDEMPTION OF 2016 ZERO DIVIDEND PREFERENCE SHARES AND NOTICE OF CANCELLATION
The Company, (PCTZ) is pleased to announce the redemption of its 2016 Zero Dividend Preference Shares which are set to reach maturity on 15 October 2016. The details are as follows :-
- The final capital entitlement amount is £1.3231 per 2016 ZDP Share.
- The record date for the final capital entitlement is 5 pm on 11 October 2016.
- CREST accounts of certificated holders are expected to be credited on 14 October 2016.
- Cheques are expected to be mailed to certificated holders on 14 October 2016.
As such, the Company has requested the UK Listing Authority ("UKLA") suspend the listing of the ZDP Shares on the standard listing segment of the Official List and requested the London Stock Exchange (the "LSE") suspend trading of the ZDP Shares on the main market of the LSE, effective at 7:30 a.m. on 12 October 2016.
In addition, the Company has applied to the UKLA to cancel the listing of the ZDP Shares on the Official List and applied to the LSE for the cancellation of admission to trading on the main market of the LSE. It is the Company’s intention that the listing will be cancelled on 17 October 2016.
For further information:
Jeremy Carey/James Verstringhe, 020 7920 3150, [email protected]
Picton Capital Limited
Michael Morris, 020 7011 9980, [email protected]
The Company Secretary, Northern Trust International Fund Administration Services (Guernsey) Limited
St Peter Port
Katie Le Page, 01481 745001, [email protected]
Note to Editors
Picton ZDP Limited is a wholly owned subsidiary of Picton Property Income Limited (‘Picton’). The Company’s principal investment objective is to provide the holders of the zero dividend preference shares with a predetermined final capital entitlement in October 2016.
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 £418.0 million at 30 June 2016, 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