Key Developments: Picton Property Income Ltd (PCTN.L)

PCTN.L on London Stock Exchange

64.00GBp
19 Sep 2014
Price Change (% chg)

0.25p (+0.39%)
Prev Close
63.75p
Open
64.00p
Day's High
64.00p
Day's Low
63.25p
Volume
1,007,548
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555,371
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64.00p
52-wk Low
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Latest Key Developments (Source: Significant Developments)

Picton Property Income Ltd completes acquisition of freehold city centre retail property
Tuesday, 9 Sep 2014 02:00am EDT 

Picton Property Income Ltd:Has completed the acquisition of a freehold city centre retail property in Peterborough, Cambridgeshire for 9.075 million Pounds.  Full Article

Picton Property Income Ltd declares interim dividend
Wednesday, 23 Jul 2014 02:00am EDT 

Picton Property Income Ltd:Says interim dividend of 0.75 pence per share is declared in respect of the period April. 1, 2014 to June. 30, 2014 (Jan. 1, 2014 to March. 31, 2014: 0.75 pence).Payable on on Aug. 29 to shareholders on the register on Aug. 15.Ex-dividend date will be Aug. 13.  Full Article

Picton Property Income Ltd announces acquisition of Belkin distribution warehouse
Thursday, 17 Jul 2014 02:00am EDT 

Picton Property Income Ltd:Completes acquisition of Belkin distribution warehouse in Rushden, Northamptonshire for 20 mln Pounds.  Full Article

Picton Property Income Ltd announces initial placing, offer for subscription and placing programme
Thursday, 1 May 2014 02:00am EDT 

Picton Property Income Ltd:Proposal to issue up to 59,322,034 new ordinary shares at 59 pence per new ordinary share.To raise gross proceeds of up to 35 mln Pound.Proposing placing programme to fund future acquisitions.  Full Article

Picton Property Income Ltd declares interim dividend
Wednesday, 23 Apr 2014 02:00am EDT 

Picton Property Income Ltd:Declares interim dividend of 0.75 pence per share in respect of the period Jan. 1 to March 31.Dividend will be paid on May 30 to shareholders on register on May 16.Ex-dividend date will be May 14.  Full Article

Picton Property Income Ltd divest assets
Thursday, 20 Feb 2014 02:00am EST 

Picton Property Income Ltd:Dispose two lower yielding London assets.Says disposed for a combined consideration of 6.0 Pound mln.  Full Article

Picton Property Income Ltd declares interim dividend
Wednesday, 22 Jan 2014 02:00am EST 

Picton Property Income Ltd:Says an interim dividend of 0.75 pence per share is declared in respect of the period Oct 1, 2013 to Dec 31, 2013 (July 1, 2013 to Sep 30, 2013: 0.75 pence).Says the dividend is to be paid on Feb 28 to shareholders on the register on Feb 14.Says the ex-dividend date will be Feb 12.  Full Article

Picton Property Income Ltd disposes of two non-core assets
Wednesday, 18 Dec 2013 02:00am EST 

Picton Property Income Ltd:Announces the disposal of two non-core assets for a combined consideration of 4.89 million pounds.Says the assets currently produce annualised income 0.34 million pounds from 13 occupiers and the combined disposal price reflects a 15 percent premium to the independent valuation as at Sep. 30.Says during the past 12 months, Highgrove Industrial Estate, Portsmouth and Heron Industrial Estate, Spencers Wood, near Reading benefitted from lettings progress which had already resulted in a combined valuation uplift of 21 percent as at Sep. 30.  Full Article

Picton Property Income Ltd proposes issue of equity
Wednesday, 27 Nov 2013 02:00am EST 

Picton Property Income Ltd:Says it proposes to issue up to 22,228,426 new ordinary shares (the Placing Shares) in the capital of the company by way of a placing (the Placing), representing 6.2 percent of the company's existing issued share capital.Says the Placing Shares will be issued at a premium to the most recent Net Asset Value and will therefore be accretive to existing shareholders.Says proceeds of the Placing will be used for identified capital projects within the existing portfolio, alongside further net investment into the property market where attractive investment opportunities can be identified.Says that more generally, the company is looking to recycle capital within its portfolio and invest into larger lot sized opportunities and the proceeds of the Placing will be used to such effect.Says J.P. Morgan Securities plc (which conducts its UK investment banking business under the name J.P. Morgan Cazenove) (JPMC) and Oriel Securities Limited (Oriel) have been appointed as joint bookrunners in respect of the Placing.  Full Article

Picton Property Income Ltd Announces Acquisition
Monday, 14 Oct 2013 02:00am EDT 

Picton Property Income Ltd announced that it has acquired a further unit at Angel Gate Office Village, City Road, London EC1.  Full Article

BRIEF-SEGRO and Picton complete UK property swap

March 24 - SEGRO PLC : * SEGRO and Picton Property Income Limited complete UK property swap * SEGRO has acquired from Picton a 38,150 sq m single-let, modern distribution warehouse at Magna Park, Lutterworth for £34.0 million. * Picton has purchased from SEGRO a 32,810 sq m modern multi-let industrial estate at Parkbury, Radlett for £40.5 million. * The remaining balance of £6.5 million has been paid by Picton to SEGRO in cash. * Source text for Eikon: * For more news, please clic

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