22 February 2024
LONDONMETRIC PROPERTY
PLC
Dividend
Declaration
LondonMetric Property Plc
("LondonMetric") today declares its third quarterly interim
dividend of 2.4 pence per Ordinary Share ("Dividend").
The Dividend will be paid as a
Property Income Distribution ("PID") and is in line with
LondonMetric's progressive dividend policy. The timetable is
set out below and it is intended that a scrip dividend alternative
will be available to shareholders:
Ex-Dividend date
|
29 February 2024
|
Record date
|
1 March 2024
|
Dividend payment date
|
8 April 2024
|
LondonMetric is targeting a dividend
of 10.2 pence per share for the full financial year ending 31 March
2024, which would represent an increase of 7.4% on the prior
year.
For further information,
please contact:
LondonMetric Property
Plc
+44 (0)20 7484 9000
Andrew Jones
Martin McGann
Gareth Price
The statements contained in this
announcement are made as at the date of this announcement, unless
some other time is specified in relation to them.
Certain figures included in this document have been subject
to rounding adjustments. The target dividend of 10.2 pence per
share is a target and not a profit forecast.
Publication on website
A copy of this announcement will be
made available, free of charge subject to certain restrictions
relating to persons resident in restricted jurisdictions, at
www.londonmetric.com by no later than 12 noon (London time) on the
business day following the date of this announcement.
Neither the content of the websites
referred to in this announcement nor the content of any website
accessible from hyperlinks on LondonMetric's website (or any other
website) is incorporated into, or forms part of, this
announcement.
Forward looking statements
All statements other than statements
of historical facts included in this announcement may be forward
looking statements. Without limitation, any statements preceded or
followed by or that include the words "targets", "plans", "goals",
"believes", "expects", "aims", "intends", "will", "may",
"anticipates", "estimates", "projects", hopes", "continues",
"would", "could", "should" or words or terms of similar substance
or the negative thereof, are forward looking statements. Forward
looking statements include statements relating to the following:
(i) future capital expenditures, expenses, revenues, earnings,
synergies, economic performance, indebtedness, financial condition,
dividend policy, losses and future prospects; (ii) business and
management strategies and the expansion and growth of
LondonMetric's operations; and (iii) the effects of government
regulation on LondonMetric's business.
These forward looking statements are
not based on historical fact and are not guarantees of future
performance. By their nature, such forward looking statements
involve risks and uncertainties that could significantly affect
expected results and/or the operations of LondonMetric and are
based on certain assumptions and assessments made by LondonMetric
in light of its experience and its perception of historical trends,
current conditions, future developments and other factors they
believe appropriate.
There are several factors which
could cause actual results to differ materially from those
projected, expressed or implied in forward looking statements.
Among the factors that could cause actual results to differ
materially from those described in the forward looking statements
are changes in the global, political, economic, business,
competitive, market and regulatory forces, fluctuations in exchange
and interest rates, changes in tax rates and future business
acquisitions or disposals, the success of business and operating
initiatives and restructuring objectives and the outcome of any
litigation. Except as expressly provided in this announcement they
have not been reviewed by the auditors of LondonMetric. Neither
LondonMetric, nor any of its respective associates or directors,
officers, employees or advisers, provides any representation,
assurance or guarantee that the occurrence of the events expressed
or implied in any forward-looking statements in this announcement
will actually occur. Due to such uncertainties and risks, readers
are cautioned not to place undue reliance on such forward looking
statements, which speak only as of the date of this announcement.
All subsequent oral or written forward-looking statements
attributable to LondonMetric or any of its respective members,
directors, officers, employees or advisers or any persons acting on
their behalf are expressly qualified in their entirety by the
cautionary statement above. LondonMetric disclaims any obligation
to update any forward-looking or other statements contained in this
announcement, except as required by applicable law or by the rules
of any competent regulatory authority, whether as a result of new
information, future events or otherwise.
No
profit forecast
No statement in this announcement or
incorporated by reference into this announcement is intended to
constitute a profit forecast or profit estimate for the future
financial performance of LondonMetric for any period, nor should
any statement in this announcement or incorporated by reference
into this announcement be interpreted to mean that the earnings or
future earnings per ordinary share or dividend per ordinary share
or future dividends per share of LondonMetric for the current or
future financial years would necessarily match or exceed the
historical published earnings or earnings per ordinary share or
dividend per share of LondonMetric.