LondonMetric Property Plc (LON:LMP) has announced that, further to the completion of its recommended cash and share offer for the entire issued and to be issued ordinary share capital of Urban Logistics REIT plc which was implemented by way of a scheme of arrangement under Part 26 of the Companies Act 2006 and which became effective on 23 June 2025, it has duly confirmed in writing to The Panel on Takeovers and Mergers in accordance with the requirements of Rule 19.6(c) of the Code that LondonMetric has complied with its post-offer statements of intent made pursuant to Rules 2.7(c)(viii) and 24.2 of the Code, as originally detailed in its announcement of 9 May 2025 and the scheme document published on 23 May 2025.
LondonMetric confirms post-offer compliance after Urban Logistics deal
- Written by: Ethan Davis
Latest Company News
LondonMetric Property Plc has confirmed to The Panel that it has complied with its stated post-offer intentions following the Urban Logistics REIT plc transaction.
LondonMetric has set out proposed transaction terms for Picton, including implied accretion, dividend impacts, asset allocations and shareholder support.
LondonMetric Property has set the scrip calculation price for its fourth quarterly interim dividend and confirmed the election date for shareholders.
LondonMetric Property Plc has acquired a portfolio of nine mature, purpose-built Premier Inn hotels from Whitbread PLC for £89.0 million, reflecting a net initial yield of 5.3%.
LondonMetric Property Plc has completed the disposal of £64.4 million of retail assets at a net initial yield of 4.98% and acquired £26.2 million of warehousing assets at a net initial yield of 6.90%.
LondonMetric has announced half year results showing net rental income up 14.6 percent to £221.2 million, supported by the Urban Logistics REIT acquisition.
