Hammerson announces final 2024 dividend and share buyback update

Hammerson PLC (JSE:HMN) has announced its Final 2024 Dividend of 8.07p per share, subject to shareholder approval at the upcoming Annual General Meeting. The dividend is classified as a non-Property Income Distribution and will be treated as an ordinary UK company dividend. The company will not offer a scrip dividend alternative, but shareholders can participate in the Dividend Reinvestment Plan (DRIP) through signalshares.com. For South African shareholders receiving the dividend in cash, the ZAR exchange rate is ZAR 24.8252 to GBP 1, with the conversion date set on April 14, 2025. SA dividends tax at 20% will apply unless the beneficial owner is exempt.