Dividend Declaration
Summary by AI BETAClose X
Hammerson plc (the 'Company')
Dividend Timetable
25 February 2026
The Board of Directors of the Company has recommended a final cash dividend of 8.56 pence per ordinary share ("Share") for the period ended 31 December 2025 (the "Final 2025 Dividend"), subject to approval by the shareholders of the Company at the 2026 Annual General Meeting (the "AGM"). The Final 2025 Dividend will be paid 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 who wish to receive their dividend in the form of Shares, the Dividend Reinvestment Plan ("DRIP") will be available. The terms and conditions of the DRIP for UK shareholders can be found at https://uk.investorcentre.mpms.mufg.com/. Shareholders registered on the South African Branch Register should contact their Central Securities Depository Participant ("CSDP") or Broker for further information.
The expected timetable for the payment of the Final 2025 Dividend is set out below.
Expected Timetable of Events
|
|
2026 |
|
1. Currency conversion date (Sterling/Rand) |
Monday, 16 March |
|
2. Currency conversion announcement released by 10.00 am (UK Time) / 11.00 am (SA time) |
Tuesday, 17 March |
|
3. Last day to effect removal of shares between the United Kingdom ("UK") and South African ("SA") Registers |
Tuesday, 24 March |
|
4. Last day to trade on the JSE to qualify for the dividend |
Tuesday, 24 March |
|
5. Shares become "ex-dividend" on the JSE at the commencement of trading |
Wednesday, 25 March |
|
6. Last day to trade on the LSE and on Euronext Dublin to qualify for the dividend |
Wednesday, 25 March |
|
7. Shares become "ex-dividend" on the LSE and on Euronext Dublin at the commencement of trading |
Thursday, 26 March |
|
8. Dividend record date (applicable to both the UK principal register and the SA branch register) |
Friday, 27 March |
|
9. Date on which removal of shares between the UK and SA registers becomes permissible |
Monday, 30 March |
|
10. Last day for receipt of DRIP mandates by CSDPs and SA Transfer Secretaries |
Thursday, 16 April |
|
11. Last day for receipt of DRIP elections by UK Registrars |
Thursday, 16 April |
|
12. Last date to trade for SA Shareholders to be eligible to participate in and vote at the AGM |
Tuesday, 21 April |
|
13. Record date for UK Shareholders to participate in and vote at the AGM |
Friday, 24 April |
|
14. Annual General Meeting, 9.00 am (UK Time) / 10.00 am (SA time) |
Thursday, 30 April |
|
15. Dividend Payment Date (UK, ROI and SA) |
Friday, 8 May |
|
16. DRIP purchases settlement date UK and ROI (subject to market conditions and the purchase of shares in the open market) |
Tuesday, 12 May |
|
17. DRIP purchases settlement date SA (subject to market conditions and the purchase of shares in the open market) |
Tuesday, 26 May |
|
18. Results of Dividend Reinvestment Plan announcement released |
Tuesday, 26 May |
Notes:
1. The removal of shares to and from the UK principal register and the SA branch register will not be permitted between Wednesday, 25 March 2026 to Friday, 27 March 2026, 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, 25 March 2026 to Friday, 27 March 2026, both dates inclusive.
3. Shareholders registered on the SA branch register will be paid in SA Rand.
4. The information below is intended as a general guide only and is based on Hammerson plc's understanding of the law and practice currently in force. Any shareholder who is in any doubt as to their tax position should seek independent professional advice.
The final 2025 Dividend should be regarded as a 'foreign dividend' for SA income tax and dividends tax purposes, and the funds will be paid from the United Kingdom.
A 20% UK withholding tax is applicable to the Final 2025 dividend as it will be paid as a PID. After payment of the PID South African shareholders may apply to HMRC for a refund of the difference between the 20 percent UK withholding tax and the UK/South African Double Tax Treaty rate of 15%, i.e. 5% of the tax withheld.
The final 2025 cash dividend will be exempt from SA income tax but will be subject to SA Dividends Tax as it will be declared in respect of a share listed on the exchange operated by the JSE. SA Dividends Tax will apply to the Final 2025 cash dividend, at a rate of 20%, unless the beneficial owner of the dividend is exempt from SA Dividends Tax or qualifies for a reduction of the SA Dividends Tax liability to 5% (if they can claim a credit for the effective 15% UK withholding tax suffered against the 20% SA Dividends Tax rate). The applicability of the exemption or reduced rate will be subject to the prescribed requirements for effecting the exemption or reduction being in place by the requisite date.
5. Those shareholders who hold their shares on the UK principal register and 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 or online at www.signalshares.com. If you are unsure whether you have submitted a DRIP election you can check your account online at: uk.investorcentre.mpms.mufg.com. Alternatively, you can contact the UK Registrar, MUFG Corporate Markets, by email at drip.enquiries@cm.mpms.mufg.com or by phone on 0371 664 0381 or +44 (0) 371 664 0381 from overseas. Calls are charged at the standard geographic rate and will vary by provider. Calls from outside the UK will be charged at the applicable international rate. Lines are open between 9:00 am and 5:30 pm, Monday to Friday excluding public holidays in England and Wales.
6. Shareholders on the UK principal register who wish to participate in the DRIP should complete an application form online at: uk.investorcentre.mpms.mufg.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. As at 25 February 2026, the Company had a total of 532,054,593 ordinary shares in issue, with 432,399 of those ordinary shares held in Treasury.
9. The dates above are subject to change. Any changes made will be communicated as soon as practicably possible.
10. Payment of the Final 2025 Dividend is subject to shareholder approval at the Company's 2026 Annual General Meeting.
11. The Board retains the discretion to withdraw or modify the terms of the Final 2025 Dividend at any time, because there are certain situations in which the Board may decide that it is no longer appropriate to pay the Final 2025 Dividend, or it may not be permissible for the Company to do so.
For further information contact:
Richard Crowle
Deputy Company Secretary
Phone: +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.
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