Scrip Calculation for Fourth Quarterly Dividend

RNS Number : 1258C

LondonMetric Property PLC

13 June 2019

 

13 June 2019

LONDONMETRIC PROPERTY PLC

Scrip Calculation Price for Fourth Quarterly Dividend

On 23 May 2019, LondonMetric Property Plc ("Company") declared a fourth quarterly interim dividend of 2.5 pence per Ordinary Share ("Dividend") payable on 11 July 2019 to Shareholders on the register of members at the close of business on 7 June 2019.

The Company will offer Shareholders the opportunity to receive the Dividend in New Ordinary Shares instead of cash. The final Election Date is 21 June 2019.

The Scrip Calculation Price for the Dividend has been determined as 206.8 pence per Ordinary Share. This is the average closing mid-market price of an Ordinary Share for the five Business Days commencing with, and including, the Ex-dividend Date of 6 June 2019.

If Shareholders would like to elect for the Scrip Dividend Alternative they should consult the circular containing the terms and conditions of the Scheme ("Circular") which is available at www.londonmetric.com/investors/shareholder-information/dividends and www.morningstar.co.uk/uk/NSM. 

Words and expressions defined in the Circular dated 8 September 2016, as updated from time to time, have the same meanings in this announcement.

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For further information, please contact:

LondonMetric Property Plc                                                       [phone]

Martin McGann

Gareth Price

 

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