Hang Lung Properties Ltd. (“Hang Lung PPT”) has confirmed the implementation details of its scrip dividend arrangement for the HK$0.40 per-share final dividend for the year ended 31 December 2025, following shareholder approval at the 30 April 2026 AGM.
Dividend terms and key dates • Entitlement date (Record Date): 8 May 2026, with shares trading ex-dividend from 6 May 2026. • Election deadline: 4:30 p.m., 4 June 2026 (with contingency for severe weather delays). • Payment / share certificate despatch and first trading day for scrip shares: 15 June 2026, subject to the Stock Exchange granting listing approval.
Choice of consideration Eligible shareholders may elect to receive the final dividend: 1) entirely in cash (HK$0.40 per share); 2) entirely in new shares; or 3) a combination of cash and shares.
Pricing and allotment ratio • Issue price for each scrip share: HK$9.06, equal to the average closing price of Hang Lung PPT shares on the Stock Exchange for 6–12 May 2026 (both dates inclusive). • Share entitlement formula: Number of scrip shares = (Number of shares elected for scrip) × HK$0.40 ÷ HK$9.06 (fractions rounded down; cash paid for remainders).
Capital impact • Shares in issue at Record Date: 5,056.65 million. • Maximum new shares if 100% of shareholders elect scrip: 223.25 million, representing approximately 4.42% of existing issued share capital and 4.23% of the enlarged share base. • Potential cash outflow if no scrip elections are made: about HK$2.02 billion.
Regulatory and listing status • The scrip arrangement is conditional on Stock Exchange approval for the listing of the new shares. • The company confirms that no additional class of shares will be created; scrip shares will rank pari passu with existing ordinary shares, except not participating in the FY25 final dividend. • The circular and election forms have not been registered in any jurisdiction outside Hong Kong; overseas shareholders should ensure compliance with local regulations before electing scrip.
Special notes for specific jurisdictions • Overseas shareholders in Australia, Canada, PRC, Japan, Macau, Malaysia, New Zealand, the Philippines, Singapore, South Africa, Taiwan, Trinidad & Tobago, the UK, the US and Vietnam may participate, subject to local legal and regulatory compliance. • PRC Southbound Trading Investors (holding 301.12 million shares, 5.95% of issued capital) may elect scrip via ChinaClear through their intermediaries. • Philippine, Singapore, New Zealand and UK shareholders are advised to heed jurisdiction-specific disclosures detailed in the circular.
Administrative procedures • Shareholders opting for scrip must complete and lodge the election form with Computershare Hong Kong Investor Services by the stated deadline. • Unreturned or improperly completed forms will result in the dividend being paid wholly in cash.
The scrip dividend offers shareholders a fee-free opportunity to increase holdings while allowing Hang Lung PPT to conserve up to HK$2.02 billion in cash should take-up be substantial. Shareholders are urged to consider their personal circumstances and consult professional advisers before making an election.
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