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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. 138
25 February 2020
The Board of Directors of the Company has proposed a final dividend of 14.8 pence per
share for the period ended 31 December 2019, subject to approval by the shareholders
of the Company at the Annual General Meeting to be held on Tuesday, 28 April 2020.
The final dividend will be treated as a Property Income Distribution (PID), net of
withholding tax where appropriate.
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:
2020
1. Dividend declaration announcement released Tuesday, 25 February
2. Last day to effect removal of shares between the United Tuesday, 3 March
Kingdom (UK) and South African (SA) Registers
3. Currency conversion date Tuesday, 3 March
4. Currency conversion announcement released by 1100 Wednesday, 4 March
(SA time)
5. Last day to trade on the Johannesburg Stock Exchange Tuesday, 17 March
(JSE) to qualify for the dividend
6. Ex-dividend on the JSE from commencement of trading Wednesday, 18 March
on
7. Ex-dividend on the London Stock Exchange from the Thursday,19 March
commencement of trading on
8. Record date (applicable to both the UK principal register Friday, 20 March
and the SA branch register)
9. Removal of shares between the UK and SA registers Monday, 23 March
permissible from
10.Last day for receipt of DRIP mandates by Central Tuesday, 7 April
Securities Depository Participants (CSDPs), UK Registrar
and SA Transfer Secretaries
11.Final dividend payable (UK and SA) Thursday, 30 April
12.DRIP purchases settlement date for UK principal register Monday, 4 May
(subject to market conditions and the purchase of shares
in the open market)
13.DRIP purchases settlement date for the SA branch register Wednesday, 6 May
(subject to market conditions 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 Wednesday, 4 March 2020 and the close of
business on Friday, 20 March 2020, 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, 18 March 2020 to Friday, 20 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 Tuesday, 25 February 2020, 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:
Julia Crane
Deputy 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: 25-02-2020 09:00:00
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