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Dividend Declaration
Hammerson plc
(Incorporated in England and Wales)
(Company number 360632)
LSE share code: HMSO JSE share code: HMN
ISIN: GB0004065016
(‘Hammerson’ or ‘the Company’)
Dividend Declaration
Dividend No. 136
25 February 2019
The Board of Directors of the Company has proposed a final dividend of 14.8 pence per share
for the period ended 31 December 2018, subject to approval by the shareholders of the
Company at the Annual General Meeting to be held on Tuesday, 30 April 2019.
7.4 pence per share will be treated as a Property Income Distribution (PID), net of withholding
tax where appropriate, and 7.4 pence per share will be paid as a normal 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 key dates are as follows:
2019
1. Dividend declaration announcement released Monday, 25 February
2. Last day to effect removal of shares between the United Kingdom Friday, 1 March
(UK) and South African (SA) Registers
3. Currency conversion date Monday, 4 March
4. Currency conversion announcement released by 11h00 (SA time) Tuesday, 5 March
5. Last day to trade on the Johannesburg Stock Exchange (JSE) to Monday, 18 March
qualify for the dividend
6. Ex-dividend on the JSE from commencement of trading on Tuesday, 19 March
7. Ex-dividend on the London Stock Exchange from the Thursday, 21 March
commencement of trading on
8. Record date (applicable to both the UK principal register and the Friday, 22 March
SA branch register)
9. Removal of shares between the UK and SA registers permissible Monday, 25 March
from
10. Last day for receipt of DRIP mandates by Central Securities Tuesday, 9 April
Depository Participants (CSDPs), UK Registrar and SA Transfer
Secretaries
11. Final dividend payable (UK and SA) Thursday, 2 May
12. DRIP purchases settlement date (subject to market conditions Tuesday, 7 May
and the purchase of shares in the open market)
Notes:
1. The removal of shares to and from the UK principal register and the SA branch register will
not be permitted between Monday, 4 March 2019 and the close of business on Friday, 22
March 2019, 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 Tuesday, 19 March 2019 to Friday, 22 March 2019, both dates inclusive.
3. The final dividend should be regarded as a ‘foreign dividend’ for SA income tax and
dividends tax purposes.
4. Shareholders registered on the SA branch register will be paid in SA Rand.
5. SA dividends tax, at the rate of 20% will apply to cash PIDs and dividends payable by the
Company unless the beneficial owner of the dividend is exempt from SA dividends tax (e.g. if
it is a South African resident company). Under the double tax agreement between the UK
and SA (the DTA), the maximum tax payable in the UK is 15%. South African resident
shareholders are therefore entitled to claim the excess of 5% from Her Majesty’s Revenue
and Customs (HMRC). As SA shareholders are entitled to reclaim this excess from HMRC, the
maximum rebate allowable in respect of the UK withholding tax against the SA dividends tax
is 15%, which means that the Company will have to withhold a further 5% from the dividend
in South Africa to bring the total dividends tax to 20%. In summary, therefore, 20% will be
withheld in the UK, a further 5% will be withheld in SA (where appropriate), but South
African resident shareholders will be entitled to claim back 5% from HMRC, which will bring
the overall total to 20%.
6. Those shareholders who 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.
7. Shareholders on the UK principal register who wish to participate in the DRIP should
complete an application form online at www.signalshares.com.
8. Copies of the terms and conditions of the UK DRIP are available from the UK Registrars.
9. 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.
10. As at Monday, 25 February 2019, being the declaration date of the final dividend, the
Company had a total of 766,293,613 ordinary shares in issue. There are no shares held in
treasury.
11. The final dividend will be paid out of the Company’s UK distributable reserves.
12. The dates above are subject to change. Any changes made will be communicated as soon as
practicably possible.
Registered Office UK Registrars SA Transfer Secretaries
Kings Place Link Asset Services Computershare Investor
90 York Way The Registry Services Proprietary Limited
London 34 Beckenham Road (Registration number
N1 9GE Beckenham 2004/003647/07)
United Kingdom Kent 1st Floor, Rosebank Towers
BR3 4TU 15 Biermann Avenue,
United Kingdom Rosebank, 2196
South Africa
(PO Box 61051,
Marshalltown, 2107
South Africa)
For further information contact:
Sarah Booth
General Counsel and Company Secretary
Tel: +44 (0)20 7887 1000
Hammerson has its primary listing on the London Stock Exchange and a secondary inward listing
on the Johannesburg Stock Exchange.
Sponsor:
Investec Bank Limited
Date: 25/02/2019 09:01:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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