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HAMMERSON PLC - Response to press speculation

Release Date: 21/02/2022 09:00
Code(s): HMN     PDF:  
Wrap Text
Response to press speculation

Hammerson plc ("Hammerson" or the "Group")
(Incorporated in England and Wales)
(Company number 360632)
LSE and Euronext Dublin share code: HMSO JSE share code: HMN
ISIN: GB00BK7YQK64

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.


Response to press speculation

Hammerson plc (the "Company") notes recent press speculation.

Hammerson’s strategy remains to realign the portfolio to focus on prime urban estates through
disposals of non-core assets, to strengthen the balance sheet, and to re-cycle capital into its core
portfolio and its development pipeline.

The Company confirms that it is in discussions with entities related to Redical Holdings AG on terms
for a possible sale of its Victoria Gate and Victoria Quarter shopping centres.

There can be no certainty that a transaction will take place, but the Company confirms the pricing
under discussion is £120m, which would represent a class 2 transaction. The Company will provide a
further announcement if appropriate.



Hammerson has its primary listing on the London Stock Exchange and secondary inward listings on the
Johannesburg Stock Exchange and Euronext Dublin.

21 February 2022
Sponsor: Investec Bank Limited

Company Secretariat responsible for RNS

Alice Darwall, Hammerson, General Counsel & Company Secretary
                                  

Tel: +44 207 887 4650 E: alice.darwall@hammerson.com

Investor Contact

Josh Warren, Hammerson, Director of Strategy & Investor Relations

Tel: +44 20 7887 1053 E: josh.warren@hammerson.com

Press Contacts

Natalie Gunson, Hammerson, Communications Director

Tel: +44 207 887 4672 E: Natalie.gunson@hammerson.com

FTI Consulting (for Hammerson)

John Waples

Tel: +44 20 3727 1000/ 07717 814 520 E: john.waples@fticonsulting.com

Dido Laurimore

Tel: +44 20 3727 1305 / 07801 654 424 E: dido.laurimore@fticonsulting.com

Notes to Editors
Hammerson

Hammerson creates vibrant, continually evolving spaces, in and around thriving European cities, with
a focus on prime urban estates and premium outlets. As at 30 June 2021, our portfolio of high-quality
venues had a value of £5.5 billion and included 21 flagship destinations in thriving cities and
investments in premium outlet villages through our partnership with Value Retail. Key venues include
               

Bullring, Birmingham, Dundrum Town Centre, Dublin, and Les Terrasses du Port, Marseille, and
investments in premium outlets at Bicester Village, Oxfordshire, La Vallée, Paris, and Las Rozas, Madrid.

Date: 21-02-2022 09:00:00
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