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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. 137
29 July 2019
The Board of Directors of the Company has declared an interim dividend of 11.1 pence
per share for the six month period ended 30 June 2019.
The 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:
2019
Last day to effect removal of shares between the United
Kingdom (UK) and South African (SA) Registers Friday, 16 August
Currency conversion date Monday, 19 August
Currency conversion announcement released by 10.00 (UK
time) Tuesday, 20 August
Last day to trade on the Johannesburg Stock Exchange (JSE)
to qualify for the dividend Tuesday, 27 August
Ex-dividend on the JSE from commencement of trading on Wednesday, 28 August
Ex-dividend on the London Stock Exchange from the
commencement of trading on Thursday, 29 August
Record date (applicable to both the UK principal register
and the SA branch register) Friday, 30 August
Removal of shares between the UK and SA registers
permissible from Monday, 2 September
Last day for receipt of DRIP mandates by Central Securities
Depository Participants (CSDPs), UK Registrar and SA Transfer
Secretaries Monday, 16 September
Final dividend payable (UK and SA) Monday, 7 October
DRIP purchases settlement date (subject to market
conditions and the purchase of shares in the open market) Monday, 21 October
Notes:
1. The removal of shares to and from the UK principal register and the SA branch
register will not be permitted between Monday, 19 August 2019 and the close of
business on Friday, 30 August 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 Wednesday, 28 August 2019 to Friday, 30 August 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 SA resident company). Under the double tax agreement
between the UK and SA, the maximum tax payable in the UK is 15%. SA resident
shareholders are therefore entitled to claim the excess of 5% from Her Majesty’s
Revenue and Customs (HMRC). As SA resident 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 SA resident shareholders will be
entitled to claim back 5% from HMRC, which will bring the overall total to 20%.
6. Under the DRIP, shares will be acquired using the dividend amount after tax has
been withheld.
7. 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.
8. Shareholders on the UK principal register who wish to participate in the DRIP should
complete an application form online at www.signalshares.com.
9. Copies of the terms and conditions of the UK DRIP are available from the UK
Registrars.
10. 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.
11. As at Monday, 29 July 2019, being the declaration date of the interim dividend, the
Company had a total of 766,293,613 ordinary shares in issue. There are no shares
held in treasury.
12. The interim dividend will be paid out of the Company’s UK distributable reserves.
13. 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: 29/07/2019 08:00:00
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