Last checked at 15 Dec 2016 10:07
15 December 2016
LONDONMETRIC PROPERTY PLC
Scrip Calculation Price for Second Quarterly Dividend
On 30 November 2016, LondonMetric Property Plc ("Company") declared a second quarterly interim dividend of 1.8 pence per Ordinary Share ("Dividend") payable on 11 January 2017 to Shareholders on the register of members at the close of business on 9 December 2016.
The Company will offer Shareholders the opportunity to receive the Dividend in New Ordinary Shares instead of cash. The final Election Date is 23 December 2016.
The Scrip Calculation Price for the Dividend has been determined as 145.5 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 8 December 2016.
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 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