REG - Hammerson PLC - Dividend Declaration

HammersonAnnouncement

31/07/2025 07:02

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RNS Number : 2858T  Hammerson PLC  31 July 2025

Hammerson plc (the "Company")

Dividend Declaration

 

31 July 2025

 

The Board of Directors of the Company has declared an interim dividend of 7.94
pence per ordinary share ("Share") for the financial year ending 31 December
2025 (the "Interim 2025 Dividend"). The Interim 2025 Dividend is payable on
Thursday, 16 October 2025 to shareholders on the register at the close of
business on Friday, 5 September 2025.

 

The Interim 2025 Dividend will be paid as a Property Income Distribution
("PID"), net of withholding tax where appropriate.

 

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
https://uk.investorcentre.mpms.mufg.com/Login/Login
(https://uk.investorcentre.mpms.mufg.com/Login/Login) . Shareholders
registered on the South African Branch Register should contact their CSDP or
Broker for further information.

 

Expected Timetable of Events

 

The expected timetable for the payment of the Interim 2025 Dividend is set out
below. Hammerson will announce any changes to the timetable as soon as is
reasonably practicable.

 

                                                                                              2025
 1.    Currency conversion date                                                  UK & SA      Tuesday, 26 August
 2.    Currency conversion announcement released by 9.00 am (UK Time) /          UK & SA      Wednesday, 27 August
 10.00 am (SA time)
 3.    Last day to effect removal of shares between the United Kingdom           UK & SA      Tuesday, 2 September
 ("UK") and South African ("SA") Registers
 4.    Last day to trade on the JSE to qualify for the dividend                  SA           Tuesday, 2 September
 5.    Shares become "ex-dividend" on the JSE at the commencement of trading     SA           Wednesday, 3 September
 6.    Last day to trade on the LSE and on Euronext Dublin to qualify for        UK           Wednesday, 3 September
 the dividend
 7.    Shares become "ex-dividend" on the LSE and on Euronext Dublin at the      UK           Thursday, 4 September
 commencement of trading
 8.    Record date                                                               UK & SA      Friday, 5 September
 9.    Date on which removal of shares between the UK and SA registers           UK & SA      Monday, 8 September
 becomes permissible
 10.  Last day for receipt of DRIP mandates by  SA Transfer Secretaries          SA           Thursday, 25 September
 11.  Last day for receipt of DRIP elections by UK Registrar                     UK           Thursday, 25 September
 12.  Interim 2025 Dividend Payment Date                                         UK & SA      Thursday, 16 October
 13.  DRIP purchases settlement date (subject to market conditions and the       UK           Monday, 20 October
 purchase of shares in the open market)
 14.  DRIP purchases settlement date SA (subject to market conditions and the    SA           Thursday, 30 October
 purchase of shares in the open market)
 15.  Results of Dividend Reinvestment Plan Announcement                         UK & SA      Thursday, 30 October

 

Intention to cease future dividend payments by cheque

 

The Company intends to cease issuing cheques for dividend payments with effect
from the Interim 2025 Dividend.

 

All subsequent dividend payments will be paid electronically by bank transfer
only.

 

As part of this process, shareholders are required to register their bank
account details with the Company's Registrar, MUFG Corporate Markets ("MUFG"),
either via the Investor Centre portal
(https://uk.investorcentre.mpms.mufg.com/Login/Login
(https://url.uk.m.mimecastprotect.com/s/NtB2C538lFl972tzfQhkcf8_?domain=uk.investorcentre.mpms.mufg.com)
), or via one of the other methods as detailed under section 3 of the
Chequeless Dividend Q&A, available on the Company's website at
www.hammerson.com/investors/dividend
(http://www.hammerson.com/investors/dividend) .

 

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 September 2025 to
Friday, 5 September 2025, 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 September 2025
to Friday, 5 September 2025, both dates inclusive.

 

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

 

4.   The information below is intended as a general guide only and is based
on Hammerson Plc's understanding of the law and practice currently in force.
Any shareholder who is in any doubt as to their tax position should seek
independent professional advice.

 

The Interim 2025 Dividend should be regarded as a 'foreign dividend' for SA
income tax and dividends tax purposes.

 

A 20% UK withholding tax is applicable to the Interim 2025 dividend as it will
be paid as a PID.  After payment of the PID South African shareholders may
apply to HMRC for a refund of the difference between the 20 percent UK
withholding tax and the UK/South African Double Tax Treaty rate of 15%, i.e.
5% of the tax withheld.

 

The Interim 2025 cash dividend will be exempt from SA income tax but it will
be subject to SA Dividends Tax as it will be declared in respect of a share
listed on the exchange operated by the JSE.  SA Dividends Tax will apply to
the Interim 2025 cash dividend, at a rate of 20%, unless the beneficial owner
of the dividend is exempt from SA Dividends Tax or qualifies for a reduction
of the SA Dividends Tax liability to 5% (if they can claim a credit for the
effective 15% UK withholding tax suffered against the 20% SA Dividends Tax
rate).  The applicability of the exemption or reduced rate will be subject to
the prescribed requirements for effecting the exemption or reduction being in
place by the requisite date.

 

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
https://uk.investorcentre.mpms.mufg.com/Login/Login
(https://url.uk.m.mimecastprotect.com/s/NtB2C538lFl972tzfQhkcf8_?domain=uk.investorcentre.mpms.mufg.com)
. If you are unsure whether you have submitted a DRIP election you can check
your account online at: https://uk.investorcentre.mpms.mufg.com/Login/Login
(https://url.uk.m.mimecastprotect.com/s/NtB2C538lFl972tzfQhkcf8_?domain=uk.investorcentre.mpms.mufg.com)
. Alternatively, you can contact the UK Registrar, MUFG, by email at
Shares.uk@cm.mpms.mufg.com (mailto:Shares.uk@cm.mpms.mufg.com) or by phone on
0371 664 0300 or +44 (0) 371 664 0300 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:
https://uk.investorcentre.mpms.mufg.com/Login/Login
(https://url.uk.m.mimecastprotect.com/s/NtB2C538lFl972tzfQhkcf8_?domain=uk.investorcentre.mpms.mufg.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 or Broker.

 

8.   As at Wednesday, 30 July 2025, being the declaration date of the
Interim 2025 Dividend, the Company had a total of 483,911,778 ordinary shares
in issue, with 1,300,825 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. The Board retains the discretion to withdraw or modify the terms of the
Interim 2025 Dividend at any time, because there are certain situations in
which the Board may decide that it is no longer appropriate to pay the Interim
2025 Dividend, or it may not be permissible for the Company to do so.

 

 

For further information contact:

 

Richard Crowle

Deputy 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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