LONDON - Hammerson (LON:HMSO) PLC has announced a final cash dividend of 8.07 pence per ordinary share for the year ended December 31, 2024, pending shareholder approval at the upcoming Annual General Meeting (AGM). The payment, which will be treated as an ordinary UK company dividend, is part of the company’s dividend timetable released on Monday.
Shareholders will not have the option of a scrip dividend for this payment; however, a Dividend Reinvestment Plan (DRIP) will be available for those preferring to receive their dividend in shares. UK shareholders can find DRIP terms and conditions on the company’s website, while those on the South African register should consult their Central Securities Depository Participant (CSDP) or broker.
The currency conversion date for the Sterling/Rand exchange is scheduled for Monday, April 14, with the announcement to follow on Tuesday, April 15. The shares will become "ex-dividend" on the Johannesburg Stock Exchange (JSE) on Wednesday, April 23, and on the London Stock Exchange (LON:LSEG) (LSE) and Euronext (EPA:ENX) Dublin on Thursday, April 24. The dividend record date for both the UK principal register and the SA branch register is set for Friday, April 25.
The AGM is slated for Thursday, May 15, with the final dividend payment date for the UK, Republic of Ireland, and South Africa on Tuesday, June 3. Settlement dates for DRIP purchases, subject to market conditions, are Thursday, June 5, for the UK and ROI, and Wednesday, June 18, for SA, with the results of the DRIP to be announced the same day.
Shareholders should note that no transfer of shares between the UK and SA registers will be permitted from Wednesday, April 23 to Friday, April 25. For South African shareholders, no dematerialization or rematerialization of shares will be possible during this period.
The final dividend is considered a ’foreign dividend’ for SA income tax and dividends tax purposes, and will be paid from the UK. Shareholders on the SA branch register will be paid in SA Rand.
This dividend payment is contingent on shareholder approval at the AGM, and the Board retains the right to alter or withdraw the dividend if circumstances change. As of today, Hammerson has 490,818,902 ordinary shares in issue, with 1,300,825 held in Treasury. Any changes to the dividend timetable will be communicated as promptly as possible.
The information is based on a press release statement provided by Hammerson PLC.
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