Picton Property Income Limited announced that announcement dated 27 November 2019 announcing Nick Wiles’ appointment to the Board of Picton and as Chairman designate, Picton announces that due to a change of circumstances he will no longer assume the role of Chairman as envisaged and consequently will step down from the Board. This follows his appointment, announced as Chief Executive of PayPoint Plc where he was previously Chairman for the past five years. This new appointment precludes him from the Picton role. Nick Thompson, who was due to stand down from the Board later this year, will instead remain as Chairman until a suitable replacement is identified. In the meantime, the process to find a new Chairman has commenced and Maria Bentley will resume her role as Chair of the Nominations Committee.