REG - LondonMetric - Scrip Calculation Price - Third Quarterly Dividend

Londonmetric PropertyAnnouncement

19/03/2020 15:20

RNS Number : 8545G
  
LondonMetric Property PLC
  
19 March 2020
  
 

19 March 2020
 
LONDONMETRIC PROPERTY PLC
Scrip Calculation Price for Third Quarterly Dividend
 
On 5 March 2020, LondonMetric Property Plc ("Company") declared a third quarterly interim dividend of 2.0 pence per Ordinary Share ("Dividend") payable on 16 April 2020 to Shareholders on the register of members at the close of business on 13 March 2020.
 
The Company will offer Shareholders the opportunity to receive the Dividend in New Ordinary Shares instead of cash. The final Election Date is 27 March 2020. 
 
The Scrip Calculation Price for the Dividend has been determined as 159.2 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 12 March 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 www.londonmetric.com/investors/shareholder-information/dividends and www.morningstar.co.uk/uk/NSM.  
 
As detailed in the Circular, the Directors have the power to amend, suspend or terminate the Scheme at any time prior to the allotment of the New Ordinary Shares and may scale back elections made under the Scheme in respect of each dividend.
 
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                                                       +44 (0)20 7484 9000
Martin McGann
Gareth Price


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