Dividend Declaration

RNS Number : 8662Q

LondonMetric Property PLC

03 March 2016

 

3 March 2016

LONDONMETRIC PROPERTY PLC

Dividend Declaration

Further to its trading update on 3 February 2016 and in line with its dividend progression policy, LondonMetric Property Plc has today declared an accelerated and increased second interim dividend of 3.75 pence per ordinary share in respect of the six month period ending 31 March 2016.

The second interim dividend will be paid on 5 April 2016 to shareholders on the register at the close of business on 18 March 2016. 2.6 pence per share will be paid as a Property Income Distribution (PID).

The total dividend for the year ending 31 March 2016 will therefore be 7.25 pence per share, representing an increase of 3.6% on the previous year.

-Ends-

For further information, please contact:

LondonMetric Property Plc                                                       [phone]

Andrew Jones

Martin McGann

About LondonMetric Property Plc

LondonMetric (ticker: LMP) aims to deliver attractive returns for shareholders through a strategy of increasing income and improving capital values. It invests across the UK in retail led distribution, out of town and convenience retail properties. It employs an occupier-led approach to property with a focus on strong income, asset management initiatives and short cycle development. Its portfolio is broadly split between distribution and retail with a total of 11 million sq ft under management. LondonMetric works closely with retailers, logistics providers and leisure operators to help meet their evolving real estate requirements.  

Further information on LondonMetric is available at www.londonmetric.com

 

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