Scrip Calculation Price

RNS Number : 3888T

LondonMetric Property PLC

17 March 2023

 

17 March 2023

LONDONMETRIC PROPERTY PLC

Scrip Calculation Price For Third Quarterly Dividend

On 2 March 2023, LondonMetric Property Plc ("Company") declared a third quarterly interim dividend of 2.3 pence per Ordinary Share ("Dividend") payable on 12 April 2023 to Shareholders on the register of members at the close of business on 10 March 2023.

The Company will offer Shareholders the opportunity to receive the Dividend in New Ordinary Shares instead of cash. The final Election Date is 24 March 2023.

The Scrip Calculation Price for the Dividend has been determined as 176.5 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 9 March 2023.

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 https://www.londonmetric.com/investors/shareholder-information-and-governance

and https://data.fca.org.uk/#/nsm/nationalstoragemechanism . 

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

-Ends-

For further information, please contact:

LondonMetric Property Plc     [phone]

Martin McGann

Gareth Price

 

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