LondonMetric Property ( (GB:LMP) ) has provided an update.
LondonMetric Property PLC announced the issuance of 7,141,579 ordinary shares as part of its scrip dividend scheme, following the declaration of a third quarterly interim dividend of 3.0 pence per share. These shares will be admitted to trading on the London Stock Exchange on April 11, 2025, increasing the company’s issued share capital to 2,055,249,995 shares. This move is expected to enhance liquidity and provide shareholders with an alternative to cash dividends, potentially impacting shareholder interest and market perception.
More about LondonMetric Property
LondonMetric Property PLC operates in the real estate sector, focusing on property investment and management. The company is known for its portfolio of logistics, retail, and distribution properties, primarily targeting the UK market.
YTD Price Performance: 2.47%
Average Trading Volume: 5,962,931
Technical Sentiment Signal: Hold
Current Market Cap: £3.73B
See more data about LMP stock on TipRanks’ Stock Analysis page.