19 September
2016
PICTON ZDP LIMITED
(The “Company”)
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:
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
Katie Le Page, 01481 745001,
team_picton@ntrs.com
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