Scrip Calculation

RNS Number : 9992Z

LondonMetric Property PLC

06 September 2018

 

6 September 2018

LONDONMETRIC PROPERTY PLC

Scrip Calculation Price for First Quarterly Dividend

On 22 August 2018, LondonMetric Property Plc ("Company") declared a first quarterly interim dividend of 1.9 pence per Ordinary Share ("Dividend") payable on 5 October 2018 to Shareholders on the register of members at the close of business on 31 August 2018.

The Company will offer Shareholders the opportunity to receive the Dividend in New Ordinary Shares instead of cash. The final Election Date is 18 September 2018.

The Scrip Calculation Price for the Dividend has been determined as 182.7 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 30 August 2018.

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.

-Ends-

For further information, please contact:

LondonMetric Property Plc                                                       [phone]

Martin McGann

Gareth Price

 

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