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Hammerson PLC (HMNJ.J)

HMNJ.J on Johannesburg Stock Exchange

9,149.00ZAc
20 Aug 2018
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Latest Key Developments (Source: Significant Developments)

Intu Properties CEO David Fischel To Step Down
Thursday, 26 Jul 2018 02:02am EDT 

July 26 (Reuters) - Intu Properties PLC ::DAVID FISCHEL, CHIEF EXECUTIVE, WILL BE STANDING DOWN FROM BOARD AND LEAVING INTU ONCE HIS SUCCESSOR IS APPOINTED.UNDER PROPOSED HAMMERSON DEAL, FISCHEL WAS EXPECTING TO STAND DOWN UPON DEAL COMPLETING; THAT TRANSACTION IS NO LONGER PROCEEDING.  Full Article

Hammerson Says Klepierre's Revised Bid "Very Significantly" Undervalues Company
Wednesday, 11 Apr 2018 02:13am EDT 

April 11 (Reuters) - Hammerson Plc ::STATEMENT RE REVISED PROPOSAL FROM KLÉPIERRE S.A..RECEIVED A REVISED PROPOSAL FROM KLÉPIERRE RELATING TO A POSSIBLE ACQUISITION OF ENTIRE ISSUED AND TO BE ISSUED SHARE CAPITAL OF HAMMERSON.REVISED PROPOSAL IS 635 PENCE PER HAMMERSON SHARE, COMPRISING 50% IN NEW KLÉPIERRE SHARES AND 50% IN CASH..BOARD REMAINS OPEN TO DISCUSS ANY PROPOSAL FROM KLÉPIERRE WHICH PROPERLY REFLECTS VALUE OF COMPANY.PROPOSAL AT 635P, IS ONLY A 3% INCREASE ON PREVIOUS PROPOSAL AND CONTINUES VERY SIGNIFICANTLY TO UNDERVALUE COMPANY.THERE CAN BE NO CERTAINTY OF A FIRM OFFER FOR HAMMERSON FROM KLÉPIERRE OR TERMS ON WHICH ANY FIRM OFFER MIGHT BE MADE.  Full Article

Hammerson signs credit facility for Intu properties deal​
Tuesday, 20 Mar 2018 03:01am EDT 

March 20 (Reuters) - Hammerson Plc ::‍HAMMERSON PLC SIGNS £1,500 MILLION REVOLVING CREDIT FACILITY WITH A 3 YEAR MATURITY​.‍SUCCESSFUL SYNDICATION AND SIGNING OF A £1,500 MILLION UNSECURED REVOLVING CREDIT FACILITY ("RCF") AT AN INITIAL MARGIN OF 100 BASIS POINTS WITH A SYNDICATE OF TWELVE OF ITS RELATIONSHIP BANKS.​.‍NEW FACILITY CAN ONLY BE DRAWN ON COMPLETION OF PROPOSED ACQUISITION OF INTU PROPERTIES PLC ("INTU") ANNOUNCED ON 6 DECEMBER 2017 AND WILL BE USED TO REPAY SELECTED INTU DEBT FACILITIES​.  Full Article

Klépierre: Statement Regarding Hammerson PLC
Monday, 19 Mar 2018 03:00am EDT 

March 19 (Reuters) - KLEPIERRE ::REG-KLÉPIERRE : STATEMENT REGARDING HAMMERSON PLC ("HAMMERSON").NOTES RECENT SPECULATION REGARDING A PROPOSAL MADE BY KLÉPIERRE TO HAMMERSON..CONFIRMS THAT ON 8 MARCH 2018, KLÉPIERRE MADE A PROPOSAL ON A NON-ADVERSARIAL BASIS TO BOARD OF HAMMERSON.INTENTION OF ENGAGING IN A CONSTRUCTIVE DIALOGUE REGARDING A POSSIBLE OFFER TO ACQUIRE ISSUED AND TO BE ISSUED SHARE CAPITAL OF HAMMERSON.INTENTION TO BUY AT VALUE OF 615 PENCE PER HAMMERSON ORDINARY SHARE.PROPOSAL REPRESENTS A PREMIUM OF APPROXIMATELY 40.7% TO CLOSING PRICE OF 437.10 PENCE PER HAMMERSON ORDINARY SHARE ON 16 MARCH 2018.CONSIDERATION WOULD COMPRISE A COMBINATION OF CASH AND SHARES IN KLÉPIERRE..BOARD OF HAMMERSON REJECTED PROPOSAL IN LESS THAN 24 HOURS ON 9 MARCH 2018..  Full Article

Hammerson Says Reports Of Positive Feedback On Intu Deal Not Statement Of Support​
Tuesday, 27 Feb 2018 09:45am EST 

Feb 27 (Reuters) - Hammerson Plc ::HAMMERSON CLARIFICATION RE: PRESS REPORT.NOTES PRESS REPORTS REFERRING TO POSITIVE FEEDBACK IT HAS RECEIVED FROM ITS DISCUSSIONS WITH SHAREHOLDERS IN FOR INTU DEAL.‍HAMMERSON CLARIFIES THAT THIS POSITIVE FEEDBACK SHOULD NOT BE TREATED AS FORMAL STATEMENTS OF SUPPORT​.  Full Article

Hammerson Posts FY ‍Adjusted Profit Of 246.3 Million STG
Monday, 26 Feb 2018 02:34am EST 

Feb 26 (Reuters) - Hammerson Plc ::FINAL DIVIDEND 14.8 PENCEPER SHARE.TOTAL DIVIDEND 25.5 PENCEPER SHARE.FY ‍ADJUSTED PROFIT 246.3 MILLION STG VERSUS 230.7 MILLION STG YEAR AGO.‍FY ADJUSTED EARNINGS PER SHARE 31.1P​.AS DEC 31 ‍EPRA NET ASSET VALUE PER SHARE £7.76​.‍AS AT DEC 31, GEARING 58%​.AS AT DEC 31 ‍LOAN TO VALUE 36%​.FY NET RENTAL INCOME ‍370.4​ MILLION POUNDS VERSUS 346.5 MILLION POUNDS YEAR AGO.FY DIVIDEND PER SHARE ‍14.8​ PENCE VERSUS 13.9 PENCE A YEAR AGO.  Full Article

Hammerson Announces Disposal Of Battery Retail Park, Birmingham
Thursday, 1 Feb 2018 02:00am EST 

Feb 1 (Reuters) - Hammerson Plc ::DISPOSAL OF BATTERY RETAIL PARK, BIRMINGHAM.‍EXCHANGED CONTRACTS FOR SALE OF BATTERY RETAIL PARK, BIRMINGHAM, TO NFU MUTUAL FOR £57.5 MILLION​.  Full Article

Hammerson says disposal of Place Des Halles shopping centre
Wednesday, 22 Nov 2017 02:00am EST 

Nov 22 (Reuters) - HAMMERSON PLC ::DISPOSAL OF PLACE DES HALLES SHOPPING CENTRE.CONTRACTS FOR SALE OF ITS SHARE (64.5%) OF PLACE DES HALLES SHOPPING CENTRE IN STRASBOURG, FRANCE.LASALLE INVESTMENT MANAGEMENT WILL PURCHASE CENTRE FROM HAMMERSON AND ITS CO-OWNER FOR A TOTAL NET VENDOR PRICE (100%) OF EUR 291 MILLION.  Full Article

Hammerson says ‍continued positive momentum in leasing across group in Q3​
Thursday, 9 Nov 2017 02:00am EST 

Nov 9 (Reuters) - HAMMERSON PLC ::‍CONTINUED POSITIVE MOMENTUM IN LEASING ACROSS GROUP IN Q3​.‍IMPROVED TENANT SALES PERFORMANCE IN PERIOD; UK SALES FLAT AND FRANCE +5.6% YEAR ON YEAR IN THIRD QUARTER​.  Full Article

Hammerson announces exercise of early redemption option on GBP 250 mln 6.875 pct bonds
Wednesday, 13 Sep 2017 02:00am EDT 

Sept 13 (Reuters) - Hammerson Plc :HAMMERSON PLC ANNOUNCES EXERCISE OF EARLY REDEMPTION OPTION IN RESPECT OF GBP 250,000,000 6.875% BONDS DUE 2020.BONDS WILL BE REDEEMED IN FULL ON 20 OCTOBER 2017.  Full Article

Hammerson overhaul plan fails to quell investor worries over strategy

LONDON Hammerson's plan to offload property assets and buy back shares has failed to assuage investor unease over the British shopping center owner's strategy following its decision to spurn a 5 billion-pound ($6.6 billion) takeover by rival Klepierre earlier this year.