Results of Dividend Reinvestment Plan.


    18 June 2025 10:00:50
  • Source: Sharecast
RNS Number : 3627N
Hammerson PLC
18 June 2025
 

Hammerson plc (the 'Company')

18 June 2025

 

Results of Dividend Reinvestment Plan

 

The Company refers shareholders to the announcement titled "Dividend Declaration" published on the London Stock Exchange, SENS and Euronext Dublin on 26 February 2025 (the "Announcement"), which outlined the details of the final cash dividend recommended by the Board for the period ending 31 December 2024 (the "Cash Dividend"). The payment of the Cash Dividend was subsequently approved by shareholders at the Company's 2025 Annual General Meeting, as announced by the Company on 15 May 2025. 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 3 June 2025. The deadline for the receipt of DRIP elections was 12 May 2025.

 

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 5,695,232 Shares or 1.17% of the Company's issued share capital as at 25 April 2025 (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 158,298 Shares in the market at an average price of £2.844686 per Share and their delivery to such electing shareholders.

 

-      Shareholders on the South African ("SA") share register holding 5,558,191 Shares or 1.14% of the Company's issued share capital as at 25 April 2025 (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 154,921 Shares in the market at an average price of R70.22094 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 485,297,770 Shares of 5 pence each, of which 1,300,825 Shares are held in treasury.

 

For further information contact:

 

Richard Crowle

Deputy 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DIVPKFBBFBKKBAD

Compare our accounts

If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.

Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.