HL Response30 Mar 2021 12:04
Handnt heard from HL about scrip so contacted them. Here was their response for those interested;
Hammerson plc are proposing that it will provide shareholders with either a 0.2p per share cash payment, or an enhanced stock dividend valued at 2p per share.
HL cannot normally participate in scrip dividends, however because the scrip dividend of 2 pence is worth x10 more than the cash dividend of 0.2p we will on this occasion be applying for the enhanced scrip dividend.
At the moment, this is just a proposal. It will be put to a shareholder vote at the company’s AGM on 04 May 2021.
The proposal gives an ex-dividend date of 01 April 2021, and a payment date of 13 May 2021.
If approved, we’d expect the additional shares to be credited to clients’ accounts on our around 13 May 2021. This will be confirmed nearer the time