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Hammerson plc Announces Results of Dividend Reinvestment Plan

Strategic Insights

— 1 min read

Hammerson plc, a UK-based property developer, has announced the results of its Dividend Reinvestment Plan (DRIP) following the payment of the final cash dividend for the period ending 31 December 2024. Shareholders were given the option to receive their cash dividend in the form of ordinary shares through the DRIP, or to receive the dividend in cash. The deadline for DRIP elections was 12 May 2025, and the shares were purchased on the market at an average price of £2.844686 per share for the UK register and R70.22094 per share for the South African register.

Key Takeaways:

  • The DRIP resulted in the purchase of 158,298 Shares on the UK register and 154,921 Shares on the South African register, at an average price of £2.844686 per share and R70.22094 per share, respectively.
  • The total issued share capital of Hammerson plc remains at 485,297,770 Shares of 5 pence each, with 1,300,825 Shares held in treasury.
  • The company's primary listing is on the London Stock Exchange, with secondary inward listings on the Johannesburg Stock Exchange and Euronext Dublin.
  • Shareholders who elected to receive the cash dividend in the form of shares through the DRIP will have the shares delivered to them following the DRIP share purchase settlement dates as set out in the original announcement.
  • The deadline for DRIP elections was 12 May 2025, and the shares were purchased in the market and not newly issued by the Company.
  • The DRIP was announced in conjunction with the dividend declaration published on 26 February 2025, which outlined the details of the final cash dividend recommended by the Board for the period ending 31 December 2024.

Statistics:

  • 502,219 Shares were purchased through the DRIP in total, consisting of 158,298 Shares on the UK register and 154,921 Shares on the South African register.
  • The average price per share on the UK register was £2.844686, and on the South African register was R70.22094.
  • The total issued share capital of Hammerson plc remains at 485,297,770 Shares of 5 pence each, with 1,300,825 Shares held in treasury.
  • The company's primary listing is on the London Stock Exchange, with secondary inward listings on the Johannesburg Stock Exchange and Euronext Dublin.

Sources:

  • Hammerson plc (Incorporated in England and Wales)
  • London Stock Exchange
  • Johannesburg Stock Exchange
  • Euronext Dublin
  • Investec Bank Limited (Sponsor)

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