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

PCTN.L on London Stock Exchange

72.75GBp
17 Apr 2015
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-0.25p (-0.34%)
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Latest Key Developments (Source: Significant Developments)

Picton Property Income Ltd acquires to Consolidate EC1 Holding
Wednesday, 15 Apr 2015 02:00am EDT 

Picton Property Income Ltd:Says the acquisition of a long leasehold interest at Unit 12 Angel Gate, City Road, London EC1 for a net consideration of 1.1 million Pounds, reflecting about 350 Pounds per sq ft.  Full Article

Picton Property Income Ltd updates on placement
Thursday, 19 Mar 2015 03:33am EDT 

Picton Property Income Ltd:Announces placing of 51,352,093 ordinary shares of no par value raising gross proceeds of 35.2 mln Pounds.Placing brings total gross proceeds raised under placing programme, closed, to 102 mln Pounds.  Full Article

Picton Property Income Ltd proposes placing
Friday, 13 Mar 2015 03:00am EDT 

Picton Property Income Ltd:Proposed placing of new ordinary shares of no par value in the company at a price of 68.5 pence per new ordinary share in accordance with the terms and conditions of the placing programme established under the prospectus issued on May 1.Proposes to issue in excess of 14,598,540 new ordinary shares at 68.5 pence per new ordinary share to raise gross proceeds in excess of 10 million Pounds.About 95 pct of the net proceeds of the Placing are expected to be invested in property acquisitions with the remainder to be invested in opportunities within the existing portfolio.  Full Article

Picton Property Income Ltd acquires Long Let Retail Park in Gloucester
Friday, 6 Mar 2015 02:00am EST 

Picton Property Income Ltd:Acquires Gloucester Retail Park for 14.65 mln Pounds.Says retail park is prominently located on Eastern Avenue and comprises four units totalling 112,000 sq ft.  Full Article

Picton Property Income Ltd completes acquisition of leasehold interest
Tuesday, 3 Feb 2015 02:00am EST 

Picton Property Income Ltd:Completes the acquisition of the long leasehold interest in two retail warehouse units located immediately adjacent to Angouleme Way Retail Park, Bury.Says 3.9 mln pounds purchase price reflects a net initial yield of 7.9 pct.  Full Article

Picton Property Income Ltd announces issue of equity
Thursday, 22 Jan 2015 09:34am EST 

Picton Property Income Ltd:Says 10,294,118 new ordinary shares in company have been placed by Oriel Securities and J.P. Morgan Cazenove.Placed to raise gross proceeds of 7.0 mln Pound at a price of 68.0 pence per share, conditional upon admission.Expects to use these proceeds to finance property investment opportunities currently under consideration.Expected that such admissions will become effective and that dealings in new ordinary shares will commence on Jan. 27.  Full Article

Picton Property Income Ltd announces proposed placing
Monday, 1 Dec 2014 02:00am EST 

Picton Property Income Ltd:Announces a proposed placing of new ordinary shares of no par value in the company at a price of 63.75 pence per New Ordinary Share to raise gross proceeds of about 25 million pound.Says that about 90 pct of the targeted proceeds of the Placing are expected to be invested in property acquisitions with the remainder to be invested in opportunities within the existing portfolio.Says that it is expected that the targeted proceeds of the Placing will be substantially invested, or committed, by March 31, 2015.  Full Article

Picton Property Income Ltd to pay interim dividend
Tuesday, 18 Nov 2014 02:00am EST 

Picton Property Income Ltd:Says interim dividend of 0.75 pence per ordinary share in respect of period ended Sept. 30, 2014.Dividend of 3,294,000 pounds will be paid on Nov. 28.  Full Article

Picton Property Income Ltd lets office space at Citylink in East Croydon to BPP
Friday, 14 Nov 2014 02:00am EST 

Picton Property Income Ltd:Says it has let 24,000 sq ft of office space at Citylink in East Croydon, South London to education provider BPP.BPP will occupy the whole of the west side of the building on a ten year lease at an annual rent of 0.52 mln Pounds.  Full Article

Picton Property Income Ltd announces disposal of two non-core assets
Thursday, 13 Nov 2014 02:00am EST 

Picton Property Income Ltd:Says disposal of two non-core assets for combined consideration of 3.28 mn Pound.  Full Article

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