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Pin to quick picksLondonMetric Share News (LMP)

Share Price Information for LondonMetric (LMP)

London Stock Exchange
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Share Price: 202.40
Bid: 201.20
Ask: 201.60
Change: -0.40 (-0.20%)
Spread: 0.40 (0.199%)
Open: 199.20
High: 204.20
Low: 199.20
Prev. Close: 202.80
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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Copyright 2022 Alliance News Limited. All Rights Reserved.

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