Rule 2.9 Announcement

LondonMetric Property PLC

11 January 2024

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

For immediate release

11 January 2024

LondonMetric Property plc

("LondonMetric" or the "Company")

Rule 2.9 Announcement

On 23 November 2023, LondonMetric declared a second quarterly interim dividend of 2.4 pence per Ordinary Share ("Dividend") payable on 11 January 2024 to Shareholders on the register of members at the close of business on 1 December 2023.

On 4 January 2024, LondonMetric confirmed that, in accordance with the terms of the scrip dividend scheme ("Scheme"), 3,963,146 ordinary shares of 10 pence each in the Company ("Shares") were to be issued in relation to the Dividend. 

It is expected that effective from 8.00 a.m. today, 11 January 2024, the Shares will have been admitted to trading on the London Stock Exchange ("Admission").

In accordance with Rule 2.9 of the City Code on Takeovers and Mergers ("Code"), the Company confirms that, following Admission, it has 1,093,559,368 ordinary shares of 10 pence each in issue and admitted to trading on the London Stock Exchange, with one voting right per share. No shares are held in Treasury. The total number of voting rights is therefore 1,093,559,368 ordinary shares.

This figure of 1,093,559,368 ordinary shares may also be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules. 

The International Securities Identification Number (ISIN) for the Company's ordinary shares is GB00B4WFW713.

Enquiries:

LondonMetric Property plc	Tel: [phone]
Andrew Jones, Chief Executive Martin McGann, Finance Director Gareth Price, Head of Investor Relations

Disclosure requirements of the Code

Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any securities exchange offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement in which any securities exchange offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a securities exchange offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the offeree company or of any securities exchange offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any securities exchange offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s), save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing.

If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a securities exchange offeror, they will be deemed to be a single person for the purpose of Rule 8.3.

Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).

Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. You should contact the Panel's Market Surveillance Unit on [phone] if you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure.

 

END