Source - RNS
RNS Number : 3082J
LondonMetric Property PLC
08 September 2016

8 September 2016



Publication of Scrip Dividend Scheme Circular and determination of Scrip Calculation Price


On 24 August 2016, LondonMetric Property Plc ("Company") declared a first quarterly interim dividend of 1.8 pence per Ordinary Share ("First Quarterly Dividend"). The Company also announced that it intended to put in place a Scrip Dividend Scheme ("Scheme").


Accordingly, the Company announces that it has published a circular containing the terms and conditions of the Scheme ("Circular") and is offering Shareholders the opportunity to receive the First Quarterly Dividend, and all subsequent dividends of the Company in respect of which a Scrip Dividend Alternative is offered, in New Ordinary Shares instead of cash.


The First Quarterly Dividend is payable on 7 October 2016 to Shareholders that were on the register of members at the close of business on 2 September 2016. If Shareholders would like to elect for the Scrip Dividend Alternative they should consult the Circular for further details. The final Election Date is 22 September 2016.


The Company also announces that the Scrip Calculation Price for the First Quarterly Dividend has been determined as 164.6 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 1 September 2016.


The Circular will shortly be sent to Shareholders and is available at A copy of the Circular has been submitted to the National Storage Mechanism and will be available for viewing at


Words and expressions defined in the Circular dated 8 September 2016 have the same meanings in this announcement.





For further information, please contact:


LondonMetric Property Plc                                                       +44 (0)20 7484 9000

Martin McGann

Gareth Price

This information is provided by RNS
The company news service from the London Stock Exchange