REG - Hammerson PLC - Dividend Declaration

HammersonAnnouncement

Yesterday 07:02

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RNS Number : 2390U  Hammerson PLC  25 February 2026

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/
(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) /       Tuesday, 17 March
 11.00 am (SA time)
 3.      Last day to effect removal of shares between the United Kingdom         Tuesday, 24 March
 ("UK") and South African ("SA") Registers
 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           Wednesday, 25 March
 trading
 6.      Last day to trade on the LSE and on Euronext Dublin to qualify          Wednesday, 25 March
 for the dividend
 7.      Shares become "ex-dividend" on the LSE and on Euronext Dublin at        Thursday, 26 March
 the commencement of trading
 8.      Dividend record date (applicable to both the UK principal               Friday, 27 March
 register and the SA branch register)
 9.      Date on which removal of shares between the UK and SA registers         Monday, 30 March
 becomes permissible
 10.    Last day for receipt of DRIP mandates by CSDPs and SA Transfer           Thursday, 16 April
 Secretaries
 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     Tuesday, 21 April
 in and vote at the AGM
 13.    Record date for UK Shareholders to participate in and vote at the        Friday, 24 April
 AGM
 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             Tuesday, 12 May
 conditions and the purchase of shares in the open market)
 17.    DRIP purchases settlement date SA (subject to market conditions and      Tuesday, 26 May
 the purchase of shares in the open market)
 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 (mailto: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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