Land Securities Group PLC Dividend declaration, results date and correction (4534N)
01 Febbraio 2021 - 8:00AM
UK Regulatory
TIDMLAND
RNS Number : 4534N
Land Securities Group PLC
01 February 2021
1 February 2021
Land Securities Group PLC ('Landsec')
Dividend declaration, confirmation of annual results date and
correction to December rent collection data
In the half-yearly results released on 10 November, Landsec
announced it was resuming quarterly dividends commencing with a
12.0p per share payment on 4 January 2021, representing an
aggregated payment for the first two quarters of the year. Landsec
today confirms that the third quarterly dividend for the 2020/21
financial year will be 6.0p per ordinary share and will be paid on
30 March 2021 to shareholders on the register at the close of
business on 26 February 2021. The dividend will be paid entirely as
a Property Income Distribution. The last date for DRIP elections is
9 March 2021.
Landsec also confirms that it will announce its annual results
for the financial year ended 31 March 2021 on Tuesday 18 May 2021.
The format of the results presentation and dial-in details will be
confirmed closer to the announcement date.
The following amendment has been made to the December quarter
rent collection announcement released on 12 January 2021 at 07:00
under RNS Number 3165L.
Landsec's December quarter rent collection announcement issued
on 12 January stated that, for the period from 25 March 2020 to 24
December 2020, the rent collection rate for Offices was 99% and 82%
for the rest of Central London. The allocation between these two
sectors was incorrect. The correct rent collection figures were 99%
and 70% respectively. All other details remain unchanged.
The table below shows the corrected information:
For the period ended 24 December 2020(1)(2)
Agreed changes
in payment terms
Gross
amounts Impact Net amounts Amounts Amounts
due for of CVAs Deferred due for received received
the period(3) and admins Concessions payments the period(3) to date to date
GBPm GBPm GBPm GBPm GBPm GBPm %
-------------------- --------------- ------------ ------------ ---------- --------------- ---------- ----------
Offices 253 - - (2) 251 249 99
Offices - previously
disclosed 224 - - (2) 222 220 99
Rest of Central
London 48 (1) (4) - 43 30 70
Rest of Central
London - previously
disclosed 77 (1) (4) - 72 59 82
Regional retail 153 (8) (11) (3) 131 76 58
Urban opportunities 23 (1) (1) (1) 20 11 55
Subscale sectors 76 (5) (5) (2) 64 42 66
Total 553 (15) (21) (8) 509 408 80
-------------------- --------------- ------------ ------------ ---------- --------------- ---------- ----------
1. Including our proportionate share of subsidiaries and joint
ventures, as explained in the Presentation of financial information
above.
2. All amounts are shown gross of VAT. Where an amount billed
remains uncollected and is subsequently written off, the VAT
component will be recovered by the Group.
3. Due dates from 25 March 2020 to 24 December 2020. Does not
include 25 December 2020 quarter day rents.
Ends
About Landsec
At Landsec, we strive to connect communities, realise potential
and deliver sustainable places.
As one of the largest real estate companies in Europe, our
GBP11.8bn portfolio spans 24 million sq ft (as at 30 September
2020) of well-connected retail, leisure, workspace and residential
hubs. From the iconic Piccadilly Lights in the West End and the
regeneration of London's Victoria, to the creation of retail
destinations at Westgate Oxford and Trinity Leeds, we own and
manage some of the most successful and memorable real estate in the
UK.
We aim to lead our industry in critical long-term issues - from
diversity and community employment to carbon reduction and climate
resilience. We deliver value for our shareholders, great
experiences for our customers and positive change for our
communities.
Find out more at landsec.com
Please contact:
Investors Press
Ed Thacker Jonathan Sibun (Tulchan Group)
+44 (0)20 7024 5185 +44 (0)7779 999 683
Edward.Thacker@landsec.com JSibun@tulchangroup.com
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END
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