Result of General Meeting

RNS Number : 0632E

Hammerson PLC

25 October 2022

 

THIS ANNOUNCEMENT (AND THE INFORMATION CONTAINED HEREIN) IS NOT FOR RELEASE, PUBLICATION, DISTRIBUTION OR FORWARDING, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

FOR IMMEDIATE RELEASE

Hammerson plc ("Hammerson" or the "Group" or the "Company")

Results of the General Meeting

The Company announces that, at the General Meeting held earlier today, the resolutions set out in the circular relating to Enhanced Scrip Dividend Alternative and Proposed Capital Reduction and to convene a General Meeting of the Company, published by the Company on 28 September 2022 (the "Circular"), were duly passed without amendment on a poll by the requisite majority of shareholders of the Company. Capitalised terms used but not otherwise defined in this announcement have the meanings given to them in the Circular, which is available at https://www.hammerson.com/investors/shareholder-centre/general-meetings  

The Resolutions were passed as special resolutions. The full text of the Resolutions is set out in the Circular.

Details of the total votes received in relation to the Resolutions are as follows:

RESOLUTION		VOTES
		FOR*		AGAINST**		VOTES CAST	WITHHELD***
		No. of Shares	% of Shares voted	No. of Shares	% of Shares voted	% of Issued Share Capital	No. of Shares
1	To grant the Board authority to offer the enhanced scrip dividend alternative	3,647,908,492	99.77%	8,512,484	0.23%	79.24%	378,700
2	To cancel the Company's capital redemption reserve	3,649,955,982	100.00%	172,583	0.00%	79.11%	6,671,111

* Votes in favour include votes where the Chair of the General Meeting was given discretion regarding how to vote.

** Percentages are expressed as a proportion of total votes cast (which does not include votes withheld).

*** A 'vote withheld' is not a vote under English law and is not counted in the calculation of votes 'for' and 'against' the Resolution.

The Resolutions passed at the General Meeting enable the Directors to proceed with the Enhanced Scrip Dividend Alternative and the Proposed Capital Reduction, as set out in the Circular.

Cash payments in respect of the Interim 2022 Dividend and the date of issue, admission and first day of dealings in New Shares on the London Stock Exchange, Euronext Dublin, and Johannesburg Stock Exchange is expected to be Thursday, 3 November 2022.

The Board retains the discretion to withdraw or modify the terms of the Enhanced Scrip Dividend Alternative and the Interim 2022 Dividend, because there are certain situations in which the Board may decide that it is no longer appropriate to pay the Interim 2022 Dividend and to offer the Enhanced Scrip Dividend Alternative, or it may not be permissible for the Company to do so.

The Proposed Capital Reduction remains subject to Court approval. The Court hearing to confirm the Proposed Capital Reduction is expected to take place at 10.30 a.m. (UK time) and 11:30 a.m. (SA time) on Tuesday, 22 November 2022 and, if approved, the Court order is expected to be registered on Wednesday, 23 November 2022. These dates are estimates only, being subject to agreement with the Court.

Shareholders should note that if the Court declines to approve the Proposed Capital Reduction, the Proposed Capital Reduction will not take place. The Board also reserves the right to discontinue (in whole or in part) the petition to the Court in relation to the Proposed Capital Reduction.

In accordance with Listing Rule 9.6.2R, a copy of the Resolutions passed at the General Meeting have been submitted to the National Storage Mechanism, which is located at https://data.fca.org.uk/#/nsm/nationalstoragemechanism . The documents have also been submitted to Euronext Dublin.

A copy of the poll results for the General Meeting is also available on the Hammerson plc website ( www.hammerson.com ).

Enquiries

Hammerson
Investor Contact

Josh Warren, Hammerson, Director of Strategy and Investor Relations

Tel: [phone]

[e-mail]

25 October 2022

The announcement above has also been released on the SENS system of the Johannesburg Stock Exchange and on Euronext Dublin.

 

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