DexCom earnings beat by $0.03, revenue topped estimates
LONDON - LondonMetric Property Plc announced Tuesday it will issue approximately 5.58 million new ordinary shares as part of its scrip dividend scheme. The shares will be issued in relation to the company’s fourth quarterly interim dividend of 3.3 pence per share declared on June 5.
The property company confirmed the dividend is payable on July 9 to shareholders registered as of May 30. LondonMetric will apply to the Financial Conduct Authority for the new shares to be admitted to the Official List and to the London Stock Exchange (LON:LSEG) for trading, with admission expected on July 9.
The newly issued shares will rank equally with existing shares in terms of rights and voting privileges. Following the admission, LondonMetric’s issued share capital will consist of 2,342,906,209 ordinary shares, each carrying one voting right.
The company noted that shareholders may use this updated share count as the denominator for calculations to determine if they need to notify their interest in the company under the Disclosure Guidance and Transparency Rules.
LondonMetric’s scrip dividend scheme allows shareholders to receive new ordinary shares instead of cash dividends. The announcement was made in a regulatory filing to the London Stock Exchange.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.