Last checked at 29 Feb 2024 07:01
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.