Directors Dealings

RNS Number : 6174Z

LondonMetric Property PLC

07 February 2014

 



7 February 2014

LONDONMETRIC PROPERTY PLC

("LondonMetric" or the "Company")

DIRECTORS DEALINGS

LondonMetric Property Plc (LSE: LMP) announces that pursuant to Listing Rule DTR3.1, Martin McGann, Finance Director of the Company, has decreased his beneficial holding of ordinary shares by selling one million ordinary shares at an average price of 139.3p on 7 February 2014. Martin McGann remains the beneficial holder of 2,341,585 shares of the Company, representing 0.37% of the Company's issued share capital.

The share sale was principally to provide funds for the settlement of tax liabilities associated with the shares.

-Ends-

For further information, please contact:

FTI Consulting

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.

 

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