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.
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 a.m. (SA time)
|
Monday, 25
March
|
3. Last
day to effect removal of shares between the United Kingdom
("UK") and South African
("SA") Registers
|
Tuesday, 2
April
|
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
dividend
|
Wednesday,
3 April
|
7. Shares become "ex-dividend" on the LSE and on Euronext Dublin
at the commencement of trading
|
Thursday,
4 April
|
8. Record date (applicable to both the UK principal register and
the SA branch register)
|
Friday, 5
April
|
9. Date on which removal of
shares between the UK and SA registers becomes
permissible
|
Monday, 8
April
|
10. Last day for receipt of DRIP mandates by Central Securities
Depository Participants (CSDPs) and SA Transfer
Secretaries
|
Thursday,
18 April
|
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 and the purchase of shares in the open
market)
|
Tuesday,
14 May
|
14. DRIP purchases settlement date SA (subject to market
conditions and the purchase of shares in the open
market)
|
Friday,
24 May
|
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.
Alternatively, you can contact the UK Registrar, Link Group,
by email at shares@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.
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.