Last checked at 24 May 2024 16:00
Hammerson plc (the 'Company')
Results of Dividend Reinvestment Plan
24 May 2024
The Company refers shareholders to the announcement titled "Dividend Declaration" published on the London Stock Exchange, SENS and Euronext Dublin on 29 February 2024 (the "Announcement"), which outlined the details of the final cash dividend recommended by the Board for the period ending 31 December 2023 (the "Cash Dividend"). The payment of the Cash Dividend was subsequently approved by shareholders at the Company's 2024 Annual General Meeting, as announced by the Company on 25 April 2024. The Company now advises shareholders of the results of the Dividend Reinvestment Plan ("DRIP") alternative.
As set out in the Announcement, shareholders were offered an option to receive their Cash Dividend in the form of ordinary shares ("Shares") through a DRIP, otherwise the dividend would be paid out in cash on 10 May 2024. The deadline for the receipt of DRIP elections was 18 April 2024.
Following the respective DRIP Share purchase settlement dates as set out in the Announcement, the Company hereby advises that:
- Shareholders on the United Kingdom ("UK") share register holding 78,302,291 Shares or 1.57% of the Company's issued share capital as at 5 April 2024 (UK and SA record date), and who qualified to receive the Cash Dividend, elected to receive Shares in terms of the DRIP, resulting in the purchase of 2,039,604 Shares in the market at an average price of £0.294859 per Share and their delivery to such electing shareholders.
- Shareholders on the South African ("SA") share register holding 28,896,452 Shares or 0.58% of the Company's issued share capital as at 5 April 2024 (UK and SA record date), and who qualified to receive the Cash Dividend, elected to receive Shares in terms of the DRIP, resulting in the purchase of 785,683 Shares in the market at an average price of R6.59070 per Share and their delivery to such electing shareholders.
As the Shares settled on shareholders pursuant to the DRIP were purchased in the market and not newly issued by the Company, the Company's total issued share capital remains 5,002,265,607 Shares of 5 pence each, of which 13,008,260 Shares are held in treasury.
For further information contact:
Kim Panisales
Assistant Company Secretary
Tel: +44 (0)20 7887 1000
The announcement above has also been released on the SENS system of the Johannesburg Stock Exchange and on Euronext Dublin.