Notice of Dividend and Scrip Dividend Scheme

RNS Number : 9600H

LondonMetric Property PLC

24 August 2016

 

24 August 2016

LONDONMETRIC PROPERTY PLC

Notice of Dividend and Scrip Dividend Scheme

LondonMetric Property Plc ("LondonMetric" or "Company") has today declared a first quarterly interim dividend of 1.8 pence per Ordinary Share ("First Quarterly Dividend") which will be paid as a Property Income Distribution ("PID").

The timetable is set out below:

Ex-dividend date	1 September 2016
Record date	2 September 2016
Dividend payment date	7 October 2016

In addition, the Company announces that it intends to put in place a Scrip Dividend Scheme ("Scheme") to allow applicable Shareholders to elect to receive New Ordinary Shares in lieu of a cash dividend via a Scrip Dividend Alternative. It is intended that the Scheme will apply to the First Quarterly Dividend.

Further details of the Scheme will be announced on or around 8 September 2016 when the Company expects to publish a circular to Shareholders in respect of the Scheme ("Circular"). 

The Circular will be available when published on www.londonmetric.com. Words and expressions that will be defined in the Circular have the same meanings in this announcement.

-Ends-

For further information, please contact:

LondonMetric Property Plc                                                       [phone]

Andrew Jones

Martin McGann

 

END

 

 

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