LondonMetric Property PLC Scrip Calculation Price (6128I)

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RNS Number : 6128I

LondonMetric Property PLC

22 March 2018

22 March 2018

LONDONMETRIC PROPERTY PLC

Scrip Calculation Price for Third Quarterly Dividend

On 8 March 2018, LondonMetric Property Plc ("Company") declared a third quarterly interim dividend of 1.85 pence per Ordinary Share ("Dividend") payable on 19 April 2018 to Shareholders on the register of members at the close of business on 16 March 2018.

The Company will offer Shareholders the opportunity to receive the Dividend in New Ordinary Shares instead of cash. The final Election Date is 3 April 2018.

The Scrip Calculation Price for the Dividend has been determined as 178.1 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 15 March 2018.

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, as updated from time to time, have the same meanings in this announcement.

-Ends-

For further information, please contact:

   LondonMetric Property Plc                                                       [phone] 

Martin McGann

Gareth Price

This information is provided by RNS

The company news service from the London Stock Exchange

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(END) Dow Jones Newswires

March 22, 2018 07:12 ET (11:12 GMT)