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LONDON - LondonMetric Property Plc announced Wednesday it will issue 524,274 new ordinary shares as part of its scrip dividend scheme, with the shares expected to begin trading on the London Stock Exchange on October 8.
The property company previously declared a first quarterly interim dividend of 3.05 pence per share on August 20, payable to shareholders registered as of August 29.
According to the company’s statement, applications will be made to the Financial Conduct Authority for the new shares to be admitted to the Official List and to the London Stock Exchange for trading. The newly issued shares will rank equally with existing shares.
Following the admission of the new shares, LondonMetric’s issued share capital will consist of 2,343,430,483 ordinary shares, each carrying one voting right. The company confirmed it holds no shares in treasury.
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 Property is listed on the London Stock Exchange.
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