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Dividend Declaration
Hammerson plc
(Incorporated in England and Wales)
(Company number 360632)
LSE and Euronext Dublin share code: HMSO JSE share code: HMN
ISIN: GB00BK7YQK64
("Hammerson" or "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 Monday, 25 March
a.m. (UK Time) / 11.00 a.m. (SA time)
3. Last day to effect removal of shares between the United Tuesday, 2 April
Kingdom ("UK") and South African ("SA") Registers
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 Wednesday, 3 April
commencement of trading
6. Last day to trade on the LSE and on Euronext Dublin to Wednesday, 3 April
qualify for the dividend
7. Shares become "ex-dividend" on the LSE and on Euronext Thursday, 4 April
Dublin at the commencement of trading
8. Record date (applicable to both the UK principal register Friday, 5 April
and the SA branch register)
9. Date on which removal of shares between the UK and SA Monday, 8 April
registers becomes permissible
10. Last day for receipt of DRIP mandates by Central Thursday, 18 April
Securities Depository Participants (CSDPs) and SA Transfer
Secretaries
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 Tuesday, 14 May
market conditions and the purchase of shares in the
open market)
14. DRIP purchases settlement date SA (subject to market Friday, 24 May
conditions and the purchase of shares in the open
market)
15. Results of Dividend Reinvestment Plan announcement Friday, 24 May
released
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
Hammerson has its primary listing on the London Stock Exchange and secondary inward
listings on the Johannesburg Stock Exchange and Euronext Dublin.
Sponsor: Investec Bank Limited
Date: 29-02-2024 09:01:00
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