PICTON PROPERTY INCOME LD

Declaration of Voting Results & Voting Rights Announcements • Nov 17, 2021

National Storage Mechanism | Additional information

Picton Property Income Ltd - Result of AGM

PR Newswire

London, November 17

17 November 2021

PICTON PROPERTY INCOME LIMITED

(“Picton”, the “Company” or the “Group”)

LEI: 213800RYE59K9CKR4497

RESULT OF ANNUAL GENERAL MEETING

At the Annual General Meeting of the Company held today, all Ordinary and Special Business Resolutions set out in the Annual General Meeting Notice sent to Shareholders dated 15 October 2021 were duly passed.

Details of the proxy voting results which should be read alongside the Notice are noted below:

Ordinary Resolution	For	%	Discretion (voted in favour)	%	Against	%	Abstain
1	336,175,163	97.45	1,390	0.01	8,786,916	2.55	667,058
2	336,452,577	97.42	1,390	0.01	8,892,017	2.57	284,543
3	345,291,419	99.98	2,561	0.01	52,790	0.02	283,757
4	343,396,931	99.44	1,390	0.01	1,944,501	0.56	287,705
5	337,866,362	97.84	1,090	0.01	7,472,776	2.16	290,299
6	344,549,536	99.77	1,390	0.01	791,896	0.23	287,705
7	344,649,937	99.80	1,390	0.01	691,495	0.20	287,705
8	344,582,223	99.78	1,390	0.01	756,615	0.22	290,299
9	344,514,959	99.76	1,090	0.01	828,127	0.24	286,351
10	246,927,948	72.17	1,090	0.01	95,213,590	27.83	3,487,899
11	333,280,593	96.51	1,090	0.01	12,044,009	3.49	304,835
Special Resolution	For	%	Discretion (voted in favour)	%	Against	%	Abstain
12	336,335,696	97.42	2,090	0.01	8,920,782	2.58	371,959
13	334,147,883	96.76	2,390	0.01	11,185,992	3.24	294,262
14	318,338,455	92.18	2,390	0.01	26,990,344	7.82	299,338

The Board is pleased to note that all resolutions were passed with the requisite majority of votes and welcomes the support of the Company's shareholders.

The Board notes that while Resolution 11 - To receive and adopt the Directors’ Remuneration Policy, had near unanimous support, Resolution 10 - To receive and adopt the Directors’ Remuneration Report for the year ended 31 March 2021, had lower overall support.

The Remuneration Committee gave careful consideration to executive remuneration during 2021 and sought external input including a consultation with larger shareholders, proxy agencies and other stakeholders prior to making its executive director pay proposal and devising the new Remuneration Policy.  

It is therefore disappointing that that a minority of shareholders were unable to support this resolution.  As the Company values an open and transparent dialogue with shareholders, it will continue to engage with them to ensure their views are understood. 

**Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited**

The Company Secretary

Trafalgar Court

Les Banques

St Peter Port

Guernsey

GY1 3QL

Tel: 01481 745001

Note to Editors

Picton, established in 2005, is a UK REIT. It owns and actively manages a £745 million diversified UK commercial property portfolio, invested across 46 assets and with around 350 occupiers (as at 30 September 2021). Through an occupier focused, opportunity led approach to asset management, Picton aims to be one of the consistently best performing diversified UK focused property companies listed on the main market of the London Stock Exchange.

For more information please visit: www.picton.co.uk

ENDS