Hammerson PLC Dividend Declaration (0840M)

TIDMHMSO

RNS Number : 0840M

Hammerson PLC

26 July 2017

Hammerson plc (the "Company")

Dividend Declaration

Dividend No. 133

26 July 2017

The Directors have declared an interim dividend of 10.7 pence per share for the period ended 30 June 2017.

The interim dividend is payable on 9 October 2017 to shareholders on the register at the close of business on

1 September 2017.

This dividend will be treated entirely as a Property Income Distribution ("PID"), net of withholding tax where appropriate.

The Company will not be offering a scrip dividend alternative, but for shareholders wish to receive their dividend in the form of shares, the Dividend Reinvestment Plan ("DRIP") will be available.

 
 Interim Dividend Timetable                   2017 
-------------------------------------------  -------------------- 
 Last day to effect removal of shares         Monday, 21 
  between the United Kingdom (UK) and South    August 
  African (SA) registers 
-------------------------------------------  -------------------- 
 Currency conversion announcement released    Tuesday, 22 
                                               August 
-------------------------------------------  -------------------- 
 Last day to trade on the Johannesburg        Tuesday, 29 
  Stock Exchange (JSE) to qualify for the      August 
  interim dividend 
-------------------------------------------  -------------------- 
 Ex--dividend on the JSE from commencement    Wednesday, 
  of trading on                                30 August 
-------------------------------------------  -------------------- 
 Ex--dividend on the London Stock Exchange    Thursday, 31 
  from the commencement of trading on          August 
-------------------------------------------  -------------------- 
 Record date (applicable to both the UK       Friday, 1 September 
  principal register and the SA branch 
  register) 
-------------------------------------------  -------------------- 
 Removal of shares between the UK and         Monday, 4 September 
  SA registers permissible from 
-------------------------------------------  -------------------- 
 Last date to elect for the DRIP (UK and      Thursday, 14 
  SA)                                          September 
-------------------------------------------  -------------------- 
 Interim dividend payable (UK and SA)         Monday, 9 October 
-------------------------------------------  -------------------- 
 DRIP purchases settlement date (subject      Monday, 16 
  to market conditions and the purchase        October 
  of 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, 22 August 2017 and the close of business on Friday, 1 September 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, 30 August 2017 to Friday, 1 September 2017, both dates inclusive.

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

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

5. SA dividends tax, at the rate of 20% will apply to cash PIDs and dividends payable by the Company unless the beneficial owner of the dividend is exempt from SA dividends tax (e.g. if it is a South African resident company). Under the double tax agreement between the UK and SA ("the DTA"), the maximum tax payable in the UK is 15%. South African resident shareholders are therefore entitled to claim the excess of 5% from Her Majesty's Revenue and Customs ("HMRC"). As SA shareholders are entitled to reclaim this excess from HMRC, the maximum rebate allowable in respect of the UK withholding tax against the SA dividends tax is 15%, which means that the Company will have to withhold a further 5% from the dividend in South Africa to bring the total dividends tax to 20%. In summary, therefore, 20% will be withheld in the UK, a further 5% will be withheld in SA (where appropriate), but South African resident shareholders will be entitled to claim back 5% from HMRC, which will bring the overall total to 20%.

6. 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.

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

8. 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.

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

10. As at Wednesday, 26 July 2017, being the declaration date of the interim dividend, the Company had a total of 793,219,664 ordinary shares in issue. There are no shares held in treasury.

11. The interim dividend will be paid out of the Company's UK distributable reserves.

12. 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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July 26, 2017 02:01 ET (06:01 GMT)