Hammerson plc (the "Company")
5 September 2016
The Hammerson Scrip Dividend Scheme - Distribution of Circular to Shareholders
As previously announced on 25 July 2016 and further to an announcement on 2 September 2016, the Company has declared an interim dividend of 10.1p (the "Interim Dividend") which will be paid on 10 October 2016 to shareholders on the Company register at the close of business on 26 August 2016 ("Record Date"). Shareholders who acquired ordinary shares in the Company after the Record Date, which would include all shareholders who acquired ordinary shares in the Company on the Johannesburg Stock Exchange (the "JSE") following the Company's listing on the JSE on 1 September 2016 (the "Secondary Listing"), may not participate in the Interim Dividend. Shareholders who held ordinary shares in the Company on the Record Date and who migrated all or a portion of that shareholding to the JSE following the Secondary Listing will be entitled to participate in the Interim Dividend, but such dividend will be paid in Pound Sterling in terms of payment instructions that were in place as at the Record Date.
The Company also announced that it would again be offering shareholders the opportunity to participate in the Hammerson Scrip Dividend Scheme ("Scheme"). Shareholders electing to participate in the Scheme (including shareholders who held ordinary shares in the Company on the Record Date and who migrated all or a portion of that shareholding to the JSE following the Secondary Listing) will, for the Interim Dividend, receive new ordinary shares in the Company listed on the London Stock Exchange ("LSE") instead of cash. An equivalent number of new shares that will be listed on the LSE pursuant to the Scheme will also be listed on the JSE.
In relation to the Scheme, the Company announces that the following documents have today been distributed to shareholders:
- Scheme circular ("Circular"); and
- Scheme mandate form ("Mandate").
The Circular has been uploaded to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/UK/NSM.
A guide containing the terms and conditions of the Scheme is available on the Company's website. The Circular and Mandate will also be available on the Company's website, www.hammerson.com/investors.
This announcement has also been released on the Stock Exchange News Service of the JSE.
General Counsel and Company Secretary
This information is provided by RNS