REG - Hammerson PLC - Cash Fractional Entitlements

HammersonAnnouncement

01/10/2024 11:30

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RNS Number : 4723G  Hammerson PLC  01 October 2024

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY
OR INDIRECTLY, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH
JURISDICTION.

 

FOR IMMEDIATE RELEASE.

01 October 2024

Hammerson plc

("Hammerson" or the "Group" or the "Company")

ISIN: GB00BRJQ8J25

LSE share code: HMSO / JSE share code: HMN

Cash Payment for Shareholders on the South Africa Register in respect of
Fractional Entitlements arising from the Share Consolidation

Shareholders on the South Africa Register are referred to the announcements
released on SENS on 22 July 2024, 8 August 2024, 27 August 2024 and 30 August
2024, in respect of, amongst other things, the Share Consolidation. Pursuant
to the Share Consolidation, every 10 Existing Ordinary Shares has been
consolidated, sub-divided and redesignated into 1 New Ordinary Share.

In implementing the Share Consolidation, Hammerson is required by the JSE to
apply the rounding principle that a Shareholder on the South Africa Register
becoming entitled to a fraction of a share arising from the Share
Consolidation ("Fractional Entitlement") will have their entitlement rounded
down to the nearest whole number, resulting in a cash payment for the
Fractional Entitlement (the "Cash Payment") where applicable and in accordance
with the terms of the Circular. The value of such Cash Payment is the volume
weighted average traded price per Hammerson share less 10% calculated on
Monday, 30 September 2024. The volume weighted average traded price per
Hammerson share on Monday, 30 September 2024 was R73.1503.

Shareholders on the South Africa Register are advised that the value of a
Hammerson share to be utilised in determining the Cash Payment due to a
Shareholder on the South Africa Register in respect of any Fractional
Entitlement is R65.8353.

In accordance with the Circular, Cash Payments of less than £5.00 (or the
equivalent in Rand, being R115.5215 based on today's exchange rate) will not
be paid to such Shareholders on the South Africa Register and will instead be
donated by the Company to a charity of its choosing. Therefore, no Cash
Payments will be paid to Shareholders on the South Africa Register.

Capitalised terms used but not otherwise defined in this announcement have the
meanings given to them in the Circular, which is available in the 'Notice'
column at www.hammerson.com/investors/shareholder-centre/general-meetings
(http://www.hammerson.com/investors/shareholder-centre/general-meetings) .

 

This announcement has also been released on the SENS system of the
Johannesburg Stock Exchange and on Euronext Dublin.

Enquiries

Hammerson

Investor Contact

Josh Warren, Hammerson, Director of Strategy, Commercial Finance and Investor
Relations

Tel: +44 20 7887 1053

josh.warren@hammerson.com (mailto:josh.warren@hammerson.com)

Richard Crowle

Senior Assistant Company Secretary

Tel: +44 20 7887 1000

Richard.crowle@hammerson.com (mailto:Richard.crowle@hammerson.com)

 

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