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Hammerson PLC (HMSO.L)

HMSO.L on London Stock Exchange

370.70GBp
12 Dec 2018
Change (% chg)

9.70 (+2.69%)
Prev Close
361.00
Open
363.80
Day's High
372.20
Day's Low
362.50
Volume
2,653,987
Avg. Vol
2,952,166
52-wk High
578.20
52-wk Low
353.80

Latest Key Developments (Source: Significant Developments)

Hammerson Says Co Sells Highcross Stake For 236 Mln Stg
Friday, 5 Oct 2018 

Oct 5 (Reuters) - Hammerson PLC ::HAMMERSON SELLS HIGHCROSS STAKE FOR £236M.EXCHANGED CONTRACTS FOR SALE OF A 50 PCT STAKE IN HIGHCROSS SHOPPING CENTRE IN LEICESTER FOR £236M.DEAL REPRESENTS 5 PCT DISCOUNT TO DEC. 2017 BOOK VALUE ALLOWING FOR CAPEX ASSOCIATED WITH PROACTIVE RECONFIGURATION OF HOUSE OF FRASER STORE.DEAL CREATES A NEW £472M JOINT VENTURE WITH AN ASIAN INVESTOR INTRODUCED BY M&G REAL ESTATE..HAMMERSON WILL MANAGE CENTRE FOR NEW JOINT VENTURE AND SALE PRICE REPRESENTS A NET INITIAL YIELD OF 5.5 PCT.COMPLETION OF TRANSACTION IS EXPECTED TO TAKE PLACE LATER IN YEAR SUBJECT TO EU COMPETITION CLEARANCE AND JOINT VENTURE FINANCE..  Full Article

Hammerson Prices Early Redemption Of 500 Mln Euro 2.75 Pct Bonds Due 2019
Friday, 24 Aug 2018 

Aug 24 (Reuters) - Hammerson PLC ::HAMMERSON PLC - REDEMPTION PRICING OF EUR500M 2.75% BONDS DUE 2019.HAMMERSON PLC - EARLY REDEMPTION OF THE EUR 500,000,000 2.75% BONDS DUE 2019 PRICED AT 103.219 PERCENT.  Full Article

Hammerson Announces Early Redemption Of EUR 500 Mln 2.75 Pct Bonds Due 2019
Tuesday, 24 Jul 2018 

July 24 (Reuters) - Hammerson PLC ::EARLY REDEMPTION OF EUR 500M 2.75% BONDS DUE 2019.  Full Article

Hammerson Announces Disposal Targets, Buyback, Adjusts Dividend Growth Rate
Tuesday, 24 Jul 2018 

July 24 (Reuters) - Hammerson PLC ::STRATEGY UPDATE AND UNAUDITED 2018 HALF-YEAR RESULTS.DISPOSAL TARGET OF £1.1 BILLION BY END OF 2019, WITH £300 MILLION ALREADY ACHIEVED THIS YEAR.HY NET RENTAL INCOME £178.5M VERSUS 184 MILLION STG REPORTED LAST YEAR.INCREASED OVERALL 2018 DISPOSAL TARGET OF £600 MILLION.HY ADJUSTED. PROFIT £120.0M VERSUS 119.4 MILLION STG REPORTED LAST YEAR.TO EXIT RETAIL PARKS SECTOR OVER MEDIUM TERM.COMMENCING A SHARE BUYBACK OF UP TO £300 MILLION.DUE TO INCREASED RISKS IN CURRENT MARKET ENVIRONMENT, START ON SITE OF DEVELOPMENT AT BRENT CROSS IS TO BE DEFERRED.TO DELEVERAGE WITH INTENTION TO REDUCE LTV TO MID-30S% LEVEL OVER MEDIUM TERM.EXPECTS TO DELIVER COST SAVINGS OF AT LEAST £7 MILLION P.A. THROUGH OPERATIONAL EFFICIENCIES AND LOWER CORPORATE COSTS.WILL NOW FOCUS SOLELY ON WINNING DESTINATIONS OF HIGHEST QUALITY.SEES SHRINKING DEPARTMENT STORE SPACE BY A QUARTER AND HIGH STREET FASHION BY A FIFTH.WILL NOW FOCUS SOLELY ON WINNING DESTINATIONS OF HIGHEST QUALITY: FLAGSHIP RETAIL DESTINATIONS AND PREMIUM OUTLETS.SEES DEPARTMENT STORE SPACE, HIGH STREET FASHION REPLACED BY DIFFERENTIATED BRANDS, ASPIRATIONAL FASHION, LEISURE, EVENTS & LIFESTYLE SPACES.HY GROUP VALUATIONS STABLE WITH CONTINUED GROWTH IN PREMIUM OUTLETS AND IRELAND OFFSETTING A SMALL YIELD-DRIVEN VALUATION DECLINE IN UK.PROPOSED BUYBACK WILL BE ACCRETIVE TO EPS AND NAV PER SHARE.IN NEAR TERM, WHILE CO DISPOSES OF ASSETS TO OPTIMISE PORTFOLIO MIX, INCOME WILL BE NEGATIVELY IMPACTED.  Full Article

Hammerson Declares HY Interim Dividend Of 11.1P/Share
Tuesday, 24 Jul 2018 

July 24 (Reuters) - Hammerson PLC ::BOARD OF DIRECTORS OF COMPANY HAS DECLARED AN INTERIM DIVIDEND OF 11.1 PENCE PER SHARE FOR SIX MONTH PERIOD ENDED 30 JUNE.  Full Article

Hammerson Announces Disposal Of Imperial And Fife Central Retail Parks
Monday, 23 Jul 2018 

July 23 (Reuters) - Hammerson PLC ::DISPOSAL OF IMPERIAL AND FIFE CENTRAL RETAIL PARKS.EXCHANGED CONTRACTS FOR SALE OF 2 RETAIL PARKS, IMPERIAL RETAIL PARK, BRISTOL, FIFE CENTRAL RETAIL PARK, KIRKCALDY, FOR £164M TO CAPREON.  Full Article

Elliott Capital Reports Higher Stake Of 2.0314 Pct In Hammerson - Filing
Wednesday, 25 Apr 2018 

April 25 (Reuters) - :ELLIOTT CAPITAL ADVISORS, L.P. REPORTS HIGHER STAKE OF 2.0314% IN HAMMERSON PLC - REGULATORY FILING.  Full Article

Elliott Capital Advisors Discloses Higher 1.73 Pct Stake In Hammerson - Filing
Monday, 23 Apr 2018 

April 23 (Reuters) - :ELLIOTT CAPITAL ADVISORS, L.P. DISCLOSES HIGHER 1.73% STAKE IN HAMMERSON PLC <<>>.  Full Article

Intu Properties Says Regards Explanations Given By Hammerson For Its Withdrawal Of Recommendation As "Unsatisfactory"
Wednesday, 18 Apr 2018 

April 18 (Reuters) - Intu Properties Plc ::NOTES ANNOUNCEMENT ISSUED BY BOARD OF HAMMERSON."INTU IS ENTIRELY CONFIDENT OF INTU'S COMMERCIAL FUTURE AND PROSPECTS".REGARDS AS "UNSATISFACTORY" EXPLANATIONS GIVEN BY BOARD OF HAMMERSON FOR ITS WITHDRAWAL OF ITS RECOMMENDATION.BOARD OF INTU WILL BE MEETING TO CONSIDER HAMMERSON'S REQUEST NOT TO CONVENE A SHAREHOLDERS' MEETING TO VOTE ON INTU TRANSACTION.  Full Article

Klepierre Says It Does Not Intend To Make An Offer For Hammerson
Friday, 13 Apr 2018 

April 13 (Reuters) - Klepierre ::KLÉPIERRE : STATEMENT REGARDING HAMMERSON PLC ("HAMMERSON").CONFIRMS THAT ON 9 APRIL 2018, JEAN-MARC JESTIN, CHAIRMAN OF EXECUTIVE BOARD OF KLÉPIERRE, MET WITH CHAIRMAN OF BOARD OF DIRECTORS OF HAMMERSON, DAVID TYLER.MADE AN INCREASED PROPOSAL TO HAMMERSON ON A STANDALONE BASIS OF 635 PENCE PER HAMMERSON SHARE.INCREASED PROPOSAL REPRESENTS A PREMIUM OF 45% TO HAMMERSON'S UNDISTURBED SHARE PRICE OF 437.10 PENCE PER HAMMERSON SHARE ON 16 MARCH 2018..SAYS THE BOARD OF HAMMERSON DID NOT PROVIDE ANY MEANINGFUL ENGAGEMENT WITH RESPECT TO THE INCREASED PROPOSAL.HAS CONCLUDED THAT IT DOES NOT INTEND TO MAKE AN OFFER FOR HAMMERSON.  Full Article

Hammerson PLC News

FACTBOX-Activist investor Elliott's top European holdings

Dec 12 U.S. activist hedge fund Elliott Management announced on Wednesday that it had taken a stake in French drinks maker Pernod Ricard worth more than 930 million euros ($1.05 billion).

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