Last checked at 12 Mar 2024 10:45
12 March 2024
FOR IMMEDIATE RELEASE
Hammerson plc (the "Company")
NOTIFICATION OF SHARE REPURCHASE PROGRAMME
The Company announces that it will today commence a programme to purchase up to 5,317,013 of its ordinary shares of 5 pence each (the "Maximum Number of Shares") (the "Share Repurchase Programme"). The sole purpose of the Share Repurchase Programme is to purchase ordinary shares to be used to meet obligations arising from employee share option programmes operated by the Company. To the extent permitted by law, ordinary shares purchased under the Share Repurchase Programme will be held in treasury.
For the purpose of the Share Repurchase Programme, the Company has entered into an instruction to Morgan Stanley & Co. International Plc ("Morgan Stanley") in relation to the purchase by Morgan Stanley, acting as principal, of ordinary shares and the simultaneous on-sale of such ordinary shares by Morgan Stanley to the Company. The Share Repurchase Programme will commence on 12 March 2024 and will end no later than 30 June 2024.
Any purchase of ordinary shares under the Share Repurchase Programme will be executed in accordance with the relevant regulations (including but not limited to the Listing Rules) and the Company's general authority to make market purchases of ordinary shares. The Company will announce any market repurchase of ordinary shares no later than 7.30 a.m. (UK Time) on the business day following the calendar day on which the repurchase occurs.
Contact:
Josh Warren
Director of Strategy, Commercial Finance and Investor Relations
Tel: +44 20 7887 1053
josh.warren@hammerson.com
Richard Crowle
Senior Assistant Company Secretary
Tel: +44 20 7887 1000
Richard.crowle@hammerson.com
This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.
The announcement above has also been released on the SENS system of the Johannesburg Stock Exchange and on Euronext Dublin.