REG - Hammerson PLC - Result of General Meeting

HammersonAnnouncement

25/10/2022 14:30

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RNS Number : 0632E  Hammerson PLC  25 October 2022

THIS ANNOUNCEMENT (AND THE INFORMATION CONTAINED HEREIN) IS NOT FOR RELEASE,
PUBLICATION, DISTRIBUTION OR FORWARDING, DIRECTLY OR INDIRECTLY, IN WHOLE OR
IN PART, IN, 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

 

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

 

Results of the General Meeting

 

The Company announces that, at the General Meeting held earlier today, the
resolutions set out in the circular relating to Enhanced Scrip Dividend
Alternative and Proposed Capital Reduction and to convene a General Meeting of
the Company, published by the Company on 28 September 2022 (the "Circular"),
were duly passed without amendment on a poll by the requisite majority of
shareholders of the Company. Capitalised terms used but not otherwise defined
in this announcement have the meanings given to them in the Circular, which is
available at
https://www.hammerson.com/investors/shareholder-centre/general-meetings
(https://www.hammerson.com/investors/shareholder-centre/general-meetings)

 

The Resolutions were passed as special resolutions. The full text of the
Resolutions is set out in the Circular.

 

Details of the total votes received in relation to the Resolutions are as
follows:

 

 

 RESOLUTION                                                                             VOTES
                                                                                        FOR*                              AGAINST**                                     VOTES CAST     WITHHELD***
         No. of Shares                                                                  % of Shares voted  No. of Shares  % of Shares voted  % of Issued Share Capital  No. of Shares
 1       To grant the Board authority to offer the enhanced scrip dividend alternative  3,647,908,492      99.77%         8,512,484          0.23%                      79.24%         378,700
 2       To cancel the Company's capital redemption reserve                             3,649,955,982      100.00%        172,583            0.00%                      79.11%         6,671,111

 

 

* Votes in favour include votes where the Chair of the General Meeting was
given discretion regarding how to vote.

** Percentages are expressed as a proportion of total votes cast (which does
not include votes withheld).

*** A 'vote withheld' is not a vote under English law and is not counted in
the calculation of votes 'for' and 'against' the Resolution.

The Resolutions passed at the General Meeting enable the Directors to proceed
with the Enhanced Scrip Dividend Alternative and the Proposed Capital
Reduction, as set out in the Circular.

Cash payments in respect of the Interim 2022 Dividend and the date of issue,
admission and first day of dealings in New Shares on the London Stock
Exchange, Euronext Dublin, and Johannesburg Stock Exchange is expected to be
Thursday, 3 November 2022.

The Board retains the discretion to withdraw or modify the terms of the
Enhanced Scrip Dividend Alternative and the Interim 2022 Dividend, because
there are certain situations in which the Board may decide that it is no
longer appropriate to pay the Interim 2022 Dividend and to offer the Enhanced
Scrip Dividend Alternative, or it may not be permissible for the Company to do
so.

The Proposed Capital Reduction remains subject to Court approval. The Court
hearing to confirm the Proposed Capital Reduction is expected to take place at
10.30 a.m. (UK time) and 11:30 a.m. (SA time) on Tuesday, 22 November 2022
and, if approved, the Court order is expected to be registered on Wednesday,
23 November 2022. These dates are estimates only, being subject to agreement
with the Court.

Shareholders should note that if the Court declines to approve the Proposed
Capital Reduction, the Proposed Capital Reduction will not take place. The
Board also reserves the right to discontinue (in whole or in part) the
petition to the Court in relation to the Proposed Capital Reduction.

In accordance with Listing Rule 9.6.2R, a copy of the Resolutions passed at
the General Meeting have been submitted to the National Storage Mechanism,
which is located at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) . The documents have
also been submitted to Euronext Dublin.

A copy of the poll results for the General Meeting is also available on the
Hammerson plc website (www.hammerson.com (http://www.hammerson.com) ).

Enquiries

Hammerson

Investor Contact

Josh Warren, Hammerson, Director of Strategy and Investor Relations

Tel: +44 20 7887 1053

investorrelations@hammerson.com

25 October 2022

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

 

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