Hammerson Regulatory News (HMSO)

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR 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.

01 October 2024

Hammerson plc

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

ISIN: GB00BRJQ8J25

LSE share code: HMSO / JSE share code: HMN

Cash Payment for Shareholders on the South Africa Register in respect of Fractional Entitlements arising from the Share Consolidation

Shareholders on the South Africa Register are referred to the announcements released on SENS on 22 July 2024, 8 August 2024, 27 August 2024 and 30 August 2024, in respect of, amongst other things, the Share Consolidation. Pursuant to the Share Consolidation, every 10 Existing Ordinary Shares has been consolidated, sub-divided and redesignated into 1 New Ordinary Share.

In implementing the Share Consolidation, Hammerson is required by the JSE to apply the rounding principle that a Shareholder on the South Africa Register becoming entitled to a fraction of a share arising from the Share Consolidation ("Fractional Entitlement") will have their entitlement rounded down to the nearest whole number, resulting in a cash payment for the Fractional Entitlement (the "Cash Payment") where applicable and in accordance with the terms of the Circular. The value of such Cash Payment is the volume weighted average traded price per Hammerson share less 10% calculated on Monday, 30 September 2024. The volume weighted average traded price per Hammerson share on Monday, 30 September 2024 was R73.1503.

Shareholders on the South Africa Register are advised that the value of a Hammerson share to be utilised in determining the Cash Payment due to a Shareholder on the South Africa Register in respect of any Fractional Entitlement is R65.8353.

In accordance with the Circular, Cash Payments of less than £5.00 (or the equivalent in Rand, being R115.5215 based on today's exchange rate) will not be paid to such Shareholders on the South Africa Register and will instead be donated by the Company to a charity of its choosing. Therefore, no Cash Payments will be paid to Shareholders on the South Africa Register.

Capitalised terms used but not otherwise defined in this announcement have the meanings given to them in the Circular, which is available in the 'Notice' column at www.hammerson.com/investors/shareholder-centre/general-meetings. 

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

Enquiries

HammersonInvestor Contact

Josh Warren, Hammerson, Director of Strategy, Commercial Finance and Investor Relations

Tel: +44 20 7887 1053

josh.warren@hammerson.com

Richard Crowle

Senior Assistant Company Secretary

Tel: +44 20 7887 1000

Richard.crowle@hammerson.com