Scrip Calculation for Third Quarterly Dividend

RNS Number : 5749T

LondonMetric Property PLC

21 March 2019

 

21 March 2019

LONDONMETRIC PROPERTY PLC

Scrip Calculation Price for Third Quarterly Dividend

On 7 March 2019, LondonMetric Property Plc ("Company") declared a third quarterly interim dividend of 1.9 pence per Ordinary Share ("Dividend") payable on 17 April 2019 to Shareholders on the register of members at the close of business on 15 March 2019.

The Company will offer Shareholders the opportunity to receive the Dividend in New Ordinary Shares instead of cash. The final Election Date is 29 March 2019.

The Scrip Calculation Price for the Dividend has been determined as 194.1 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 14 March 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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