Hammerson PLC Hammerson Scrip Reference Share Price (8458I)
September 02 2016 - 7:48AM
UK Regulatory
TIDMHMSO
RNS Number : 8458I
Hammerson PLC
02 September 2016
Hammerson plc (the "Company")
2 September 2016
The Hammerson Scrip Dividend Scheme - Scrip Reference Share
Price
On 25 July 2016, the Company announced its half-year results for
the six months ended 30 June 2016 and declared an interim dividend
of 10.1p (the "Interim Dividend") which will be treated entirely as
a Property Income Distribution ("PID") and 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.
We also announced that the Company would again be offering
shareholders the opportunity to participate in the Hammerson Scrip
Dividend Scheme (the "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 (the
"LSE") instead of cash, and the entire dividend will be treated as
a PID, net of withholding tax where appropriate. An equivalent
number of new shares that will be listed on the LSE pursuant to the
Scheme will also be listed on the JSE.
The Scrip Reference Share Price which will be used in
calculating the number of new ordinary shares is 579.0p.
This figure is equal to the average of the closing middle market
quotations derived from the Daily Official List of the LSE for the
five dealing days commencing on Thursday 25 August 2016, being the
day on which the Company's ordinary shares were first quoted "ex
dividend".
A guide containing the terms and conditions of the Scheme (the
"Guide") is available on the Company's website. A circular
summarising how shareholders can participate in the Scheme will be
posted to shareholders on Monday 5 September 2016 (the "Circular")
and will also be available on the Company's website,
www.hammerson.com/investors.
The deadline by which shareholders can elect to participate in
the Scheme is Monday 19 September 2016. As further detailed in the
Circular, the timetable for the Interim Dividend is as follows:
DATE EVENT
-------------------- ----------------------------------------
Thursday 25 Ex-dividend date
August 2016
Friday 26 August Dividend Record Date
2016
Monday 19 September Last date for Capita Asset
2016 Services to receive Mandates
from shareholders holding certificated
shares electing to participate
in the Scheme
Last date for shareholders
holding uncertificated shares
on CREST to elect to participate
in the Scheme
Monday 10 October Dividend Payment Date
2016 Expected date of issue, admission
and first day of dealings in
the new shares on the LSE
Expected date of listing on
the JSE of the equivalent number
of new shares that will be
listed on the LSE pursuant
to the Scheme
-------------------- ----------------------------------------
Defined terms used in this announcement have the same meaning as
in the Guide.
This announcement has also been released on the Stock Exchange
News Service of the JSE.
Sarah Booth
General Counsel and Company Secretary
This information is provided by RNS
The company news service from the London Stock Exchange
END
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