Director/PDMR Shareholding

RNS Number : 4046N

LondonMetric Property PLC

06 September 2013

 



6 September 2013

LONDONMETRIC PROPERTY PLC

("LondonMetric" or the "Group" or the "Company")

DIRECTORS DEALINGS

LondonMetric Property Plc (LSE: LMP), today announces that pursuant to Listing Rule DTR3.1 the following beneficial holdings of ordinary shares were acquired by James Dean, a non-executive director of the Company, on 5 September 2013.

As a result of this trade James Dean is now the beneficial shareholder through his pension fund, Patrick Dean Ltd 1977 Pension and Life Assurance Fund - J Dean, of 20,000 ordinary shares at 106.6p representing less than 0.1% of the Company's issued share capital.

This represents his entire holding in the Company's shares.

-Ends-

For further information, please contact:

LondonMetric Property Plc

Martin McGann

Tel: [phone]

FTI Consulting

Stephanie Highett / Dido Laurimore / Nina Legge

Tel: [phone]          

Notes to editors:

LondonMetric (ticker: LMP) is a UK REIT admitted on the Official List and to trading on the Main Market of the London Stock Exchange on 28 January 2013 as a result of the merger between London & Stamford Property Plc (LSP) and Metric Property Investments plc (METP).

LondonMetric aims to deliver attractive returns for shareholders through a strategy of increasing income and improving capital values. It invests across the UK in Retail and Distribution properties as well as Greater London real estate opportunities. It employs an occupier-led approach to property investments through opportunistic acquisitions, joint ventures, active asset management and short cycle developments. The asset focus is on properties with enduring occupier appeal providing opportunities to improve both rental values and the security and longevity of income; and limited risk redevelopments with the aim of enhancing shareholder returns.

Further information on LondonMetric is available at www.londonmetric.com.

Forward looking statements: This announcement may contain certain forward-looking statements with respect to Metric's expectations and plans, strategy, management objectives, future developments and performance, costs, revenues and other trend information. These statements and forecasts involve risk and uncertainty because they relate to events and depend upon circumstances that may occur in the future. There are a number of factors which could cause actual results or developments to differ materially from those expressed or implied by these forward-looking statements and forecasts. Certain statements have been made with reference to forecast price changes, economic conditions and the current regulatory environment. Any forward-looking statements made by or on behalf of LondonMetric speak only as of the date they are made. LondonMetric does not undertake to update forward-looking statements to reflect any changes in LondonMetric's expectations with regard thereto or any changes in events, conditions or circumstances on which any such statement is based. Nothing in this announcement should be construed as a profit forecast. Past share price performance cannot be relied on as a guide to future performance.

 

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