Hammerson PLC Dividend Declaration (0840M)
July 26 2017 - 1:01AM
UK Regulatory
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: +44 (0)20 7887 1000
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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