Dividend Declaration

LondonMetric Property PLC

22 February 2024

 

22 February 2024

LONDONMETRIC PROPERTY PLC

 Dividend Declaration

LondonMetric Property Plc ("LondonMetric") today declares its third quarterly interim dividend of 2.4 pence per Ordinary Share ("Dividend").

The Dividend will be paid as a Property Income Distribution ("PID") and is in line with LondonMetric's progressive dividend policy.  The timetable is set out below and it is intended that a scrip dividend alternative will be available to shareholders:

Ex-Dividend date	29 February 2024
Record date	1 March 2024
Dividend payment date	8 April 2024

LondonMetric is targeting a dividend of 10.2 pence per share for the full financial year ending 31 March 2024, which would represent an increase of 7.4% on the prior year.

For further information, please contact:

LondonMetric Property Plc                               [phone]

Andrew Jones

Martin McGann

Gareth Price

The statements contained in this announcement are made as at the date of this announcement, unless some other time is specified in relation to them. Certain figures included in this document have been subject to rounding adjustments. The target dividend of 10.2 pence per share is a target and not a profit forecast.

Publication on website

A copy of this announcement will be made available, free of charge subject to certain restrictions relating to persons resident in restricted jurisdictions, at www.londonmetric.com by no later than 12 noon (London time) on the business day following the date of this announcement.

Neither the content of the websites referred to in this announcement nor the content of any website accessible from hyperlinks on LondonMetric's website (or any other website) is incorporated into, or forms part of, this announcement.

Forward looking statements

All statements other than statements of historical facts included in this announcement may be forward looking statements. Without limitation, any statements preceded or followed by or that include the words "targets", "plans", "goals", "believes", "expects", "aims", "intends", "will", "may", "anticipates", "estimates", "projects", hopes", "continues", "would", "could", "should" or words or terms of similar substance or the negative thereof, are forward looking statements. Forward looking statements include statements relating to the following: (i) future capital expenditures, expenses, revenues, earnings, synergies, economic performance, indebtedness, financial condition, dividend policy, losses and future prospects; (ii) business and management strategies and the expansion and growth of LondonMetric's operations; and (iii) the effects of government regulation on LondonMetric's business.

These forward looking statements are not based on historical fact and are not guarantees of future performance. By their nature, such forward looking statements involve risks and uncertainties that could significantly affect expected results and/or the operations of LondonMetric and are based on certain assumptions and assessments made by LondonMetric in light of its experience and its perception of historical trends, current conditions, future developments and other factors they believe appropriate.

There are several factors which could cause actual results to differ materially from those projected, expressed or implied in forward looking statements. Among the factors that could cause actual results to differ materially from those described in the forward looking statements are changes in the global, political, economic, business, competitive, market and regulatory forces, fluctuations in exchange and interest rates, changes in tax rates and future business acquisitions or disposals, the success of business and operating initiatives and restructuring objectives and the outcome of any litigation. Except as expressly provided in this announcement they have not been reviewed by the auditors of LondonMetric. Neither LondonMetric, nor any of its respective associates or directors, officers, employees or advisers, provides any representation, assurance or guarantee that the occurrence of the events expressed or implied in any forward-looking statements in this announcement will actually occur. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward looking statements, which speak only as of the date of this announcement. All subsequent oral or written forward-looking statements attributable to LondonMetric or any of its respective members, directors, officers, employees or advisers or any persons acting on their behalf are expressly qualified in their entirety by the cautionary statement above. LondonMetric disclaims any obligation to update any forward-looking or other statements contained in this announcement, except as required by applicable law or by the rules of any competent regulatory authority, whether as a result of new information, future events or otherwise.

No profit forecast

No statement in this announcement or incorporated by reference into this announcement is intended to constitute a profit forecast or profit estimate for the future financial performance of LondonMetric for any period, nor should any statement in this announcement or incorporated by reference into this announcement be interpreted to mean that the earnings or future earnings per ordinary share or dividend per ordinary share or future dividends per share of LondonMetric for the current or future financial years would necessarily match or exceed the historical published earnings or earnings per ordinary share or dividend per share of LondonMetric.

 

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