Directors' Dealings

RNS Number : 6045U

LondonMetric Property PLC

03 December 2013

 



3 December 2013

LONDONMETRIC PROPERTY PLC

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

DIRECTORS DEALINGS

LondonMetric Property Plc (LSE: LMP), announces that pursuant to Listing Rule DTR3.1 the following transactions have taken place.

Philip Watson, a non-executive director of the Company, has increased his beneficial holding of ordinary shares as his wife has purchased 80,000 ordinary shares at 130.5p on 29 November 2013.  Philip Watson and his wife are now the beneficial holders of 174,000 shares of the Company, representing 0.03% of the Company's issued share capital.

Patrick Vaughan, Executive Chairman of the Company, has decreased his beneficial holding of ordinary shares by selling 282,000 ordinary shares from his SIPP at 129.0p on 2 December 2013.  Patrick Vaughan remains the beneficial holder of 16,391,997 shares of the Company, representing 2.6% of the Company's issued share capital.

-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 Out of town 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.

 

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