string(8) "CakeText" string(50) "/home/pai/public_html/app/Lib/Utility/CakeText.php" string(46) "/home/pai/public_html/app/Utility/CakeText.php" string(51) "/home/pai/public_html/lib/Cake/Utility/CakeText.php" LondonMetric Property PLC (LSE:LMP) | RNS | LondonMetric - Scrip Calculation Price for Q1 Dividend
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LondonMetric - Scrip Calculation Price for Q1 Dividend

RNS Number : 1052Y
LondonMetric Property PLC
04 September 2020
 

4 September 2020

 

LONDONMETRIC PROPERTY PLC

Scrip Calculation Price for First Quarterly Dividend

 

On 20 August 2020, LondonMetric Property Plc ("Company") declared a first quarterly interim dividend of 2.1 pence per Ordinary Share ("Dividend") payable on 7 October 2020 to Shareholders on the register of members at the close of business on 28 August 2020.

 

The Company will offer Shareholders the opportunity to receive the Dividend in New Ordinary Shares instead of cash. The final Election Date is 17 September 2020.

 

The Scrip Calculation Price for the Dividend has been determined as 235.5 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 27 August 2020.

 

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                                                       +44 (0)20 7484 9000

Martin McGann

Gareth Price

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Quick facts: LondonMetric Property PLC

Price: 213.4

Market: LSE
Market Cap: £1.94 billion
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