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LONDON - Hammerson (LON:HMSO) plc announced Wednesday that shareholders holding approximately 2.31% of the company’s issued share capital elected to participate in its Dividend Reinvestment Plan (DRIP) for the final cash dividend for the period ending December 31, 2024.
According to a press release statement, shareholders on the United Kingdom (TADAWUL:4280) register holding 5,695,232 shares (1.17% of issued capital) chose to receive shares instead of cash, resulting in the purchase of 158,298 shares at an average price of £2.84 per share.
On the South African share register, holders of 5,558,191 shares (1.14% of issued capital) opted for the DRIP, leading to the acquisition of 154,921 shares at an average price of R70.22 per share.
The company had previously declared the final cash dividend on February 26, which was subsequently approved by shareholders at the Annual General Meeting on May 15. The deadline for DRIP elections was May 12, with cash dividends paid on June 3.
Hammerson confirmed that since the DRIP shares were purchased in the market rather than newly issued, the company’s total issued share capital remains unchanged at 485,297,770 shares, with 1,300,825 shares held in treasury.
The dividend reinvestment option allowed eligible shareholders to automatically use their cash dividends to purchase additional ordinary shares in the company.
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