Scrip Reference Share Price a
Hammerson plc (the 'Company')
26 August 2009
The Hammerson Scrip Dividend Scheme - Scrip Reference Share Price and Revised Timetable
As noted in the Company's half-year results announcement on 3 August 2009, the Company is offering Shareholders the opportunity to participate in a scrip dividend scheme (the 'Scheme'). Shareholders participating in the Scheme will receive new ordinary shares in the Company instead of cash in respect of the 2009 interim dividend which is being paid on 2 October 2009.
A guide which sets out how Shareholders can elect to participate in the Scheme and contains the terms and conditions of the Scheme (the 'Guide') is being posted to Shareholders and will also be available on the Company's website: www.hammerson.com on 27 August 2009.
The Scrip Reference Share Price used to calculate the number of new ordinary shares to be issued to Shareholders who elect to take the Scrip Dividend Alternative is 395.9p.
This figure is equal to the average of the closing middle market quotations derived from the Daily Official List of the London Stock Exchange for the five dealing days commencing on 19 August 2009, being the day on which the Company's ordinary shares were first quoted 'ex dividend'.
The deadline by which Shareholders can elect to participate in the Scheme has been extended to 10 September 2009 and 15 September 2009 for Euroclear Shareholders and UK Shareholders respectively. As further detailed in the Guide, the timetable for the 2009 interim dividend is as follows:
|
DATE |
EVENT |
|
Wednesday 19 August 2009 |
Ex-dividend date |
|
Wednesday 19 August to Tuesday 25 August 2009 (inclusive) |
Scrip Reference Share Price dates |
|
Friday 21 August 2009 |
Dividend Record Date |
|
Wednesday 26 August 2009 |
Scrip Reference Share Price announcement date |
|
Thursday 10 September 2009 |
Last date for Admitted Institutions to receive Mandates from Euroclear Shareholders electing to participate in the Scheme |
|
Tuesday 15 September 2009 |
Last date for Capita to receive Mandates from UK Shareholders electing to participate in the Scheme |
|
Friday 2 October 2009 |
Dividend Payment Date |
|
Friday 2 October 2009 |
Expected date of admission and first day of dealings in New Shares on the London Stock Exchange |
|
Tuesday 6 October 2009 |
Expected date of admission of New Shares on Euronext Paris (first day of dealings in New Shares on Euronext Paris expected to be by Thursday 8 October 2009) |
Defined terms used in this announcement have the same meaning as in the Guide.
This information is provided by RNS
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