Press releases
Scrip dividend calculation price
30 June 2010Land Securities has offered all shareholders the opportunity to elect for Ordinary Shares credited as fully paid, in lieu of cash dividends by participating in a Scrip Dividend Scheme (the "Scheme").
In relation to the Final Dividend for the year ended 31 March 2010, which, subject to shareholder approval at the Annual General Meeting on 22 July 2010, will be paid on 30 July 2010, the Scrip Calculation Price used to calculate the price of a New Ordinary Share issued under the Scheme has been set at 584.20 pence. This is the average of the closing middle market quotations of an Ordinary Share, derived from the London Stock Exchange Daily Official List, for the five consecutive business days from 23 to 29 June 2010 (inclusive).
Shareholders wishing to join the Scheme in respect of the Final Dividend must either submit a Mandate Form to the Company’s Registrar, Equiniti, at Aspect House, Spencer Road, Lancing, West Sussex BN99 6DA or make an election to do so via Euroclear UK & Ireland not later than the 9 July 2010. Copies of the Mandate Form and the terms and conditions booklet for the Scheme may be obtained from Equiniti (UK callers: 0871 384 2268, overseas callers: +44 121 415 7046) or from the following page on the website.
Defined terms used in this announcement have the same meaning as in the terms and conditions booklet.
Name of person making notification: Peter Dudgeon, Company Secretary
Contact number: +44 (0) 20 7413 9000
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