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

PCTN.L on London Stock Exchange

58.50GBp
15 Apr 2014
Price Change (% chg)

-0.25p (-0.43%)
Prev Close
58.75p
Open
58.25p
Day's High
59.25p
Day's Low
58.25p
Volume
594,768
Avg. Vol
622,145
52-wk High
59.75p
52-wk Low
39.25p

Search Stocks

Latest Key Developments (Source: Significant Developments)

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

Picton Property Income Ltd Completes Letting Of Stanford House, Covent Garden, WC2
Friday, 11 Oct 2013 02:00am EDT 

Picton Property Income Ltd announced that following a light refurbishment undertaken earlier the year, the remaining third floor of 3,265 sq ft has been let at GBP170,000 per annum reflecting a rent of GBP53.00 per sq ft, which is 3% ahead of the estimated rental value (ERV) at June 30, 2013.  Full Article

Picton Property Income Ltd Acquires Warehouse
Wednesday, 25 Sep 2013 02:00am EDT 

Picton Property Income Ltd announced that it has acquired a warehouse scheme in east London for GBP9.48 million. The purchase was made utilising existing cash resources and proceeds from its equity issuance announced on September 5, 2013.  Full Article

Picton Property Income Ltd Announces Issue Of Equity
Thursday, 5 Sep 2013 08:00am EDT 

Picton Property Income Ltd that it has issued 12,305,185 new ordinary shares for cash at a price of GBP0.515 per share, conditional on admission to listing. This price represents a premium to the Company's net asset value per share. The Company expects to use these proceeds to finance property investment opportunities currently under consideration. The new ordinary shares will rank pari passu with the existing ordinary shares and dealings are expected to commence on September 10, 2013.  Full Article

Picton Property Income Ltd Announces Interim Dividend
Wednesday, 24 Jul 2013 02:00am EDT 

Picton Property Income Ltd announced an interim dividend of GBP0.0075 per share is declared in respect of the period April 1, 2013 to June 30, 2013 (January 1, 2013 to March 31, 2013: GBP0.0075). The dividend will be paid on 30 August 2013 to shareholders on the register on 16 August 2013. The ex-dividend date will be 14 August 2013.  Full Article

Picton Property Income Ltd Declares Interim Dividend
Monday, 29 Apr 2013 02:00am EDT 

Picton Property Income Ltd announced that an interim dividend of 0.75 pence per share is declared in respect of the period January 1, 2013 to March 31, 2013 ( October 1, 2012 to December 31, 2012: 0.75 pence). The dividend will be paid on May 31, 2013 to shareholders on the register on May 17, 2013. The ex-dividend date will be May 15, 2013.  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

Search Stocks