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LONDON - LondonMetric Property PLC, a UK-based property investment and development company, confirmed the issuance of 7,141,579 new ordinary shares as part of its scrip dividend scheme. The shares, each with a nominal value of 10 pence, will be issued in connection with the company’s third quarterly interim dividend of 3.0 pence per share, which was declared on February 27, 2025, and is payable on April 11 to shareholders registered as of March 7.
The new shares are expected to be admitted to the Official List of the Financial Conduct Authority and to commence trading on the London Stock Exchange (LON:LSEG) on April 11, 2025. These shares will rank equally with the existing issued shares of the company.
Following the admission, LondonMetric’s total issued share capital will increase to 2,055,249,995 ordinary shares, each with one voting right. The company has stated that no shares are held in treasury, meaning the total number of voting rights in the company will also be 2,055,249,995. This figure is relevant for shareholders who need to disclose changes in their shareholding as per the Disclosure Guidance and Transparency Rules.
The scrip dividend scheme offers shareholders the option to receive dividends in the form of additional shares instead of cash, which can be a way for investors to increase their stake in the company without directly purchasing more shares.
The information for this article is based on a press release statement from LondonMetric Property PLC.
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