Scrip Reference Share Price

RNS Number : 3849I

Hammerson PLC

10 March 2010

 



Hammerson plc (the "Company")

10 March 2010

The Hammerson Scrip Dividend Scheme - Scrip Reference Share Price

On 22 February 2010, the Company announced its results for the year ended 31 December 2009 and declared a Second Interim Dividend of 8.5p ("the 2009 Second Interim Dividend") to be paid entirely as a Property Income Distribution ("PID"), with a scrip alternative.  Shareholders electing to participate in the Scrip Dividend Scheme (the "Scheme") will receive new ordinary shares in the Company instead of cash in respect of the 2009 Second Interim Dividend which is proposed to be paid on 1 April 2010.

The Scrip Reference Share Price which will be used in calculating the number of new ordinary shares is 396.3p.

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 3 March 2010, being the day on which the Company's ordinary shares were first quoted "ex dividend".

A letter summarising how Shareholders can participate in the Scheme was posted to Shareholders on 22 February 2010 (the "Letter").   This, together with a guide containing the terms and conditions of the Scheme (the "Guide"), are available on the Company's website, www.hammerson.com on the "Investors" page.

The deadline by which Shareholders can elect to participate in the Scheme is 16 March 2010 and 19 March 2010 for Euroclear Shareholders and UK Shareholders respectively. As further detailed in the Letter, the timetable for the 2009 second interim dividend is as follows:

DATE	EVENT
Wednesday 3 March 2010	Ex-dividend date
Wednesday 3 March to Tuesday 9 March 2010 (inclusive)	Scrip Reference Share Price dates
Friday 5 March 2010	Dividend Record Date
Wednesday 10 March 2010	Scrip Reference Share Price announcement date
Tuesday 16 March 2010	Last date for Admitted Institutions to receive Mandates from Euroclear Shareholders electing to participate in the Scheme
Friday 19 March 2010	Last date for Capita to receive either (i) Mandates from UK Shareholders holding certificated shares electing to participate in the Scheme; or (ii) letters revoking existing Mandates Last date for shareholders holding uncertificated shares on CREST to elect to participate in the Scheme
Thursday 1 April 2010	Dividend Payment Date Expected date of admission and first day of dealings in New Shares on the London Stock Exchange
Wednesday 7 April 2010	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 April 2010)

Defined terms used in this announcement have the same meaning as in the Guide.

 

END

 

 

MSCJMMITMBABBIM