Hammerson PLC Dividend Declaration (2431X)

TIDMHMSO

RNS Number : 2431X

Hammerson PLC

20 February 2017

Hammerson plc (the 'Company')

Dividend Declaration

Dividend No. 132

20 February 2017

Notice is hereby given that a final dividend on the Company's ordinary share capital in respect of the year ended 31 December 2016 will be paid as follows:

 
                                                    2017 
-------------------------------------------------  -------------- 
 Dividend declaration announcement released         Monday, 20 
                                                     February 
-------------------------------------------------  -------------- 
 Last day to effect removal of shares between       Monday, 6 
  the United Kingdom (UK) and South African          March 
  (SA) registers 
-------------------------------------------------  -------------- 
 Currency conversion announcement released          Tuesday, 7 
                                                     March 
-------------------------------------------------  -------------- 
 Last day to trade on the Johannesburg Stock        Tuesday, 14 
  Exchange (JSE) to qualify for the dividend         March 
-------------------------------------------------  -------------- 
 Ex--dividend on the JSE from commencement          Wednesday, 
  of trading on                                      15 March 
-------------------------------------------------  -------------- 
 Ex--dividend on the London Stock Exchange          Thursday, 
  from the commencement of trading on                16 March 
-------------------------------------------------  -------------- 
 Record date (applicable to both the UK principal   Friday, 17 
  register and the SA branch register)               March 
-------------------------------------------------  -------------- 
 Removal of shares between the UK and SA            Monday, 20 
  registers permissible from                         March 
-------------------------------------------------  -------------- 
 Last day for receipt of Dividend Reinvestment      Friday, 24 
  Plan (DRIP) mandates by Central Securities         March 
  Depository Participants (CSDPs) 
-------------------------------------------------  -------------- 
 Last day for receipt of DRIP elections to          Monday, 27 
  SA Transfer Secretaries                            March 
                                                     by 13h00 (SA 
                                                     time) 
-------------------------------------------------  -------------- 
 Last day for receipt of DRIP elections by          Sunday, 2 
  UK Registrars                                      April 
-------------------------------------------------  -------------- 
 Final dividend payable (UK)                        Thursday, 
                                                     27 April 
-------------------------------------------------  -------------- 
 Final dividend payable (SA)                        Friday, 28 
                                                     April 
-------------------------------------------------  -------------- 
 DRIP purchases settlement date (subject            Friday, 5 
  to market conditions and the purchase of           May 
  shares in the open market) 
-------------------------------------------------  -------------- 
 

Notes:

1. The removal of shares to and from the UK principal register and the SA branch register will not be permitted between Tuesday, 7 March 2017 and the close of business on Friday, 17 March 2017, 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, 15 March 2017 to Friday, 17 March 2017, both dates inclusive.

3. Shareholders registered on the SA branch register will be paid in SA Rand.

4. Shareholders registered on the SA branch register are liable to dividends tax in South Africa at the rate of 15%. This tax is reduced to the extent that the Company is obliged to withhold tax in the UK. The Company is obliged to withhold tax at the rate of 20% in the UK. There will therefore be no dividends tax withheld in South Africa. Under the double tax agreement between South Africa and the UK, the maximum amount of tax payable in the UK is 15%. Shareholders may reclaim any amount of UK withholding tax in excess of 15% from Her Majesty's Revenue and Customs in terms of the double tax agreement, in accordance with the relevant reimbursement process. Further information on the reimbursement process will be communicated in the currency conversion announcement on Tuesday, 7 March 2017.

5. 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.

6. Shareholders on the UK principal register who wish to participate in the DRIP should complete an application form online at: www.capitashareportal.com.

7. 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.

   8.   Copies of the terms and conditions of the UK DRIP are available from the UK Registrars. 

9. As at Monday, 20 February 2017, being the declaration date of the dividend, the Company had a total of 793,188,451 ordinary shares in issue. The Company held no ordinary shares in treasury.

10. The final dividend will be paid out of the Company's UK distributable reserves.

11. The final dividend should be regarded as a 'foreign dividend' for SA income tax and dividends tax purposes.

12. The final dividend is subject to the approval of shareholders at the Annual General Meeting scheduled for Tuesday, 25 April 2017.

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         Capita Asset Services   Computershare Investor 
  90 York Way         The Registry            Services Proprietary 
  London              34 Beckenham Road       Limited 
  N1 9GE              Beckenham               (Registration number 
  United Kingdom      Kent                    2004/003647/07) 
                      BR3 4TU                 1(st) Floor, Rosebank 
                      United Kingdom          Towers, 
                                              15 Biermann Avenue, 
                                              Rosebank, 2196 
                                              South Africa 
                                              (PO Box 61051, Marshalltown, 
                                              2107, South Africa) 
 

For further information contact:

Sarah Booth

General Counsel and Company Secretary

Tel: [phone]

The announcement above has been released on the SENS system of the Johannesburg Stock Exchange.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 20, 2017 02:01 ET (07:01 GMT)