LONDON - Picton Property Income Limited (LSE:PCTN) reported a transaction involving Jay Cable, the Head of Asset Management, according to a regulatory filing with the London Stock Exchange (LON:LSEG). The transaction consisted of both a sale and a subsequent purchase of ordinary shares in the company.
On November 20, 2024, Mr. Cable sold 4,533 ordinary shares at a price of £0.68 per share, totaling £3,083.69. The following day, November 21, he purchased the same number of shares at a slightly reduced price of £0.676 per share, amounting to £3,064.10.
The transactions took place on the London Stock Exchange and were disclosed in compliance with market regulations, as this type of activity by a person discharging managerial responsibilities (PDMR) is subject to public reporting.
Picton Property Income Limited, established in 2005, is a UK-based investment company specializing in commercial property. The company's portfolio, valued at £721 million as of September 30, 2024, comprises 48 assets with approximately 350 occupiers. Picton's strategy focuses on an occupier-led approach aiming for consistent outperformance and higher income returns relative to the MSCI Quarterly Property Index.
The company, which is a constituent of the FTSE EPRA Nareit Global Index, has a diversified investment portfolio with a significant weighting towards the industrial sector. Picton has stated a commitment to achieving net zero carbon by 2040, reflecting a responsible approach to its operations and long-term market trends.
This transaction comes as part of the regular financial disclosures required of Picton's management team and is based on a press release statement. The company has not provided any further details or commentary on the transactions.
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