REG - Hammerson PLC - Dividend Declaration

HammersonAnnouncement

29/02/2024 07:15

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RNS Number : 8729E  Hammerson PLC  29 February 2024

Hammerson plc (the 'Company')

Dividend Declaration

 

29 February 2024

 

The Board of Directors of the Company has recommended a final cash dividend of
0.78 pence per ordinary share ("Share") for the period ended 31 December 2023
(the "Final 2023 Dividend"), subject to approval by the shareholders of the
Company at the 2024 Annual General Meeting. The Final 2023 Dividend will be
paid as a non-Property Income Distribution, and treated as an ordinary UK
company dividend.

 

The Company will not be offering a scrip dividend alternative but, for
shareholders who wish to receive their dividend in the form of Shares, the
Dividend Reinvestment Plan ("DRIP") will be available. The terms and
conditions of the DRIP can be found at www.signalshares.com
(http://www.signalshares.com) . Shareholders registered on the South African
Branch Register should contact their CSDP or Broker for further information.

 

The expected timetable for the payment of the Final 2023 Dividend is set out
below.

 

Expected Timetable of Events

 

                                                                                 2024
 1. Currency conversion date (Sterling/Rand)                                     Friday, 22 March
 2. Currency conversion announcement released by 9.00 a.m. (UK Time) / 11.00     Monday, 25 March
 a.m. (SA time)
 3. Last day to effect removal of shares between the United Kingdom ("UK") and   Tuesday, 2 April
 South African ("SA") Registers
 4. Last day to trade on the JSE to qualify for the dividend                     Tuesday, 2 April
 5. Shares become "ex-dividend" on the JSE at the commencement of trading        Wednesday, 3 April
 6. Last day to trade on the LSE and on Euronext Dublin to qualify for the       Wednesday, 3 April
 dividend
 7. Shares become "ex-dividend" on the LSE and on Euronext Dublin at the         Thursday, 4 April
 commencement of trading
 8. Record date (applicable to both the UK principal register and the SA         Friday, 5 April
 branch register)
 9. Date on which removal of shares between the UK and SA registers becomes      Monday, 8 April
 permissible
 10. Last day for receipt of DRIP mandates by Central Securities Depository      Thursday, 18 April
 Participants (CSDPs) and SA Transfer Secretaries
 11. Last day for receipt of DRIP elections by UK Registrars                     Thursday, 18 April
 12. Dividend Payment Date (UK, ROI and SA)                                      Friday, 10 May
 13. DRIP purchases settlement date UK and ROI (subject to market conditions     Tuesday, 14 May
 and the purchase of shares in the open market)
 14. DRIP purchases settlement date SA (subject to market conditions and the     Friday, 24 May
 purchase of shares in the open market)
 15. Results of Dividend Reinvestment Plan announcement released                 Friday, 24 May

 

Notes:

 

1. The removal of shares to and from the UK principal register and the SA
branch register will not be permitted between Wednesday, 3 April 2024 to
Friday, 5 April 2024, both dates inclusive.

 

2. Shareholders registered on the SA branch register should note that, in
accordance with the requirements of Strate, no dematerialisation or
rematerialisation of shares will be possible from Wednesday, 3 April 2024 to
Friday, 5 April 2024, both dates inclusive.

 

3. The final dividend should be regarded as a 'foreign dividend' for SA
income tax and dividends tax purposes and the funds will be paid from the
United Kingdom.

 

4. Shareholders registered on the SA branch register will be paid in SA Rand.

 

5. Those shareholders who hold their shares on the UK principal register and
already participate in the DRIP need not complete a DRIP mandate form for each
dividend as such forms provide an ongoing authority to participate in the DRIP
until cancelled in writing or online at www.signalshares.com. If you are
unsure whether you have submitted a DRIP election you can check your account
online at: www.signalshares.com (http://www.signalshares.com) . Alternatively,
you can contact the UK Registrar, Link Group, by email at
shares@linkgroup.co.uk (mailto:shareholderenquiries@linkgroup.co.uk) or by
phone on 0371 664 0381 or +44 (0) 371 664 0381 from overseas. Calls are
charged at the standard geographic rate and will vary by provider. Calls from
outside the UK will be charged at the applicable international rate. Lines are
open between 9:00 am and 5:30 pm, Monday to Friday excluding public holidays
in England and Wales.

 

6. Shareholders on the UK principal register who wish to participate in the
DRIP should complete an application form online at: www.signalshares.com
(http://www.signalshares.com) .

 

7. Shareholders registered on the SA branch register who hold their shares
through the Strate system and who wish to participate in the DRIP should
contact their CSDP.

 

8. As at 29 February 2024, being the declaration date of the Final 2023
Dividend, the Company had a total of 5,002,265,607 ordinary shares in issue,
with 7,691,247 of those ordinary shares held in Treasury.

 

9. The dates above are subject to change. Any changes made will be
communicated as soon as practicably possible.

 

10. Payment of the Final 2023 Dividend is subject to shareholder approval at
the Company's 2024 Annual General Meeting.

 

11. The Board retains the discretion to withdraw or modify the terms of the
Final 2024 Dividend at any time, because there are certain situations in which
the Board may decide that it is no longer appropriate to pay the Final 2024
Dividend, or it may not be permissible for the Company to do so.

 

For further information contact:

 

Richard Crowle

Senior Assistant Company Secretary

Tel: +44 (0)20 7887 1000

 

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

 

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