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  3. LondonMetric Share Price
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  5. IN BRIEF: LXi REIT shareholders back LondonMetric tie-up

Pin to quick picksLondonMetric Share News (LMP)

LondonMetric Information

Share Price Information for LondonMetric (LMP)

London Stock Exchange
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Share Price: 199.10
Bid: 200.00
Ask: 200.80
Change: -6.10 (-2.97%)
Spread: 0.80 (0.40%)
Open: 205.40
High: 205.60
Low: 199.10
Prev. Close: 205.20
LMP Live PriceLast checked at -

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IN BRIEF: LXi REIT shareholders back LondonMetric tie-up

Tue, 27th Feb 2024 21:10

LXi REIT PLC - London-based commercial real estate investment trust - All share merger with LondonMetric Property PLC approved at court and general meetings. Just under 100% vote in favour at general meeting and just 95% at court meeting. The merger will see LondonMetric takeover LXi REIT, whose shareholders will receive 0.55 of a new LondonMetric share for each LXi REIT share that they own. LondonMetric shareholders will own 54% of the enlarged company and LXi holders the remaining 46%. The merger will create a combined company with EPRA net tangible assets of GBP4.1 billion, which the pair last month said will make it the fourth-largest UK REIT.

Current stock price: 101.80 pence

12-month change: down 10%

By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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LondonMetric buys two London logistics assets for £20.2m

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Broker tips: LondonMetric, Ultra Electronics, JTC

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24 Sep 2021 10:48

Citi upgrades LondonMetric to 'buy'

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LondonMetric buys South Ruislip property for £18m

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LondonMetric sells Liverpool building for £10.2m

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2 Sep 2021 08:42

Londonmetric acquires urban logistics warehouse in Cardiff

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16 Aug 2021 07:49

LondonMetric sells one of its two Primark warehouses

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LondonMetric sells Leeds retail park for £25.2m

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