On 11 November 2020, the Company announced the Board’s intention to pay shareholders an interim 2020 dividend of 0.2 pence per share, with an enhanced scrip dividend alternative of 2 pence per share.
Scrip dividends enable shareholders to increase their holding in the Company in a simple, cost effective way, by receiving new ordinary shares in Hammerson plc instead of cash. At the same time, the Company retains the cash in the business that would otherwise be paid out as a dividend. Shares issued pursuant to the enhanced scrip dividend alternative will carry the same voting rights as existing Ordinary Shares and will rank equally with the existing Ordinary Shares in all respects.
The Guide to the Hammerson Enhanced Scrip Dividend Alternative explains the terms and conditions of the enhanced scrip dividend alternative and is available from the downloads section on this page.