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Intention to seek admission to Euronext Dublin and to trade on the main securities market of Euronext Dublin
Hammerson plc
(Incorporated in England and Wales)
(Company number 360632)
LSE share code: HMSO JSE share code: HMN
ISIN: GB0004065016
(‘Hammerson’ or ‘the Company’)
THIS ANNOUNCEMENT (AND THE INFORMATION CONTAINED HEREIN) IS NOT FOR RELEASE,
PUBLICATION, DISTRIBUTION OR FORWARDING, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART,
IN, INTO OR WITHIN THE UNITED STATES, AUSTRALIA, NEW ZEALAND, CANADA, JAPAN OR ANY
OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS
OR REGULATIONS OF SUCH JURISDICTION
This announcement is not an offer of securities for sale in any jurisdiction. This announcement is
not a prospectus (or prospectus equivalent document) or an advertisement. Investors should
not subscribe for or purchase any shares in the Company based on this announcement or the
Summary Document (as defined below). Neither this announcement nor any part of it shall
form the basis of or be relied on in connection with or act as an inducement to enter into any
contract or commitment whatsoever. No reliance may be placed for any purpose on the
information contained in this announcement or its accuracy or completeness. The material set
forth herein is for information purposes only and should not be construed as an offer of
securities for sale in any jurisdiction.
FOR IMMEDIATE RELEASE
18 December 2020
Hammerson plc
ISIN: GB00BK7YQK64
LSE share code: HMSO / JSE share code: HMN
Intention to seek admission to Euronext Dublin and to trade on the main securities market of
Euronext Dublin and publication of Summary Document
Hammerson plc (“Hammerson” or the “Company”) announces its intention to seek admission
of its entire issued ordinary share capital (the “Ordinary Shares”) to the secondary listing
segment of the Official List of the Irish Stock Exchange plc, trading as Euronext Dublin
(“Euronext Dublin”) and to trading on the main market for listed securities of Euronext Dublin
(“Main Market”) (together “Admission”).
The Company is seeking a secondary listing given the importance and scale of its investor base
and operations in continental Europe and the Republic of Ireland. The Company owns and
manages flagship destinations valued as at 30 June 2020 at £1.2bn in France and £0.8bn in
Ireland in addition to significant City Quarters development opportunities in Dublin. Alongside
its directly managed portfolio, Hammerson also has exposure to Value Retail destinations
outside of the UK including La Valleé in Paris and La Roca in Barcelona. Furthermore, as at 23
November 2020, around 27% of Hammerson’s share capital held by institutional investors is held
by investors based in the European Economic Area (excluding the UK). A secondary listing on
Euronext Dublin will enable the Company to maintain an efficient holding structure across its
portfolio and guarantee an EU equivalent trading venue for Hammerson’s shares.
The Company announces that it has published a summary document (the “Summary
Document”) in connection with the Admission. The Summary Document is not a prospectus
and has not been approved by the Central Bank of Ireland or any other regulatory authority.
It is expected that Admission will become effective and that unconditional dealings in the
Ordinary Shares on the Main Market will commence at 8.00 a.m. on 23 December 2020. The
Ordinary Shares are, and will remain, admitted to the premium segment of the Official List
maintained by the Financial Conduct Authority (the “UK Official List”) and to trading on the
main market for listed securities operated by the London Stock Exchange plc (the “London
Stock Exchange”). The Ordinary Shares are also the subject of a secondary inward listing on
the Johannesburg Stock Exchange and will remain listed on the Johannesburg Stock
Exchange following Admission.
The Company is not raising any new funds or issuing any new shares in connection with
Admission. No shares will be offered or marketed to the public in Ireland, the UK or elsewhere
in connection with Admission. The Company’s ticker on Euronext Dublin will be ‘HMSO’ and
the Company’s ticker on the London Stock Exchange will remain as ‘HMSO’, both with an ISIN
of GB00BK7YQK64. On Admission, there will be 4,057,298,174 Ordinary Shares in issue.
A copy of the Summary Document relating to the Admission will be made available in
electronic form on the Company's website www.hammerson.com/investors.
Hammerson has its primary listing on the London Stock Exchange and a secondary inward
listing on the Johannesburg Stock Exchange.
Sponsor:
Investec Bank Limited
Hammerson plc
Investor Contact
Josh Warren, Hammerson, Head of Investor
Relations
Tel: +44 20 7887 1053
josh.warren@hammerson.com
Media Contact
Catrin Sharp, Head of Corporate Communications
Tel: +44 20 7887 1063
catrin.sharp@hammerson.com
Goodbody +353 1 667 0420
Finbarr Griffin
Stephen Kane
Alan Sutton
FTI Consulting +44 (0)20 3727 1000
Dido Laurimore +44 (0) 7801 654 424
John Waples +44 (0) 7717 814 520
Richard Gotla +44 (0) 7904 122 207
Hammerson@fticonsulting.com
Notes to Editors
About the Company
Hammerson is an owner, manager and developer of retail properties in Europe with a portfolio
of high-quality flagship destinations and premium outlets, providing approximately 1.8 million
square metres of lettable area across 7 countries. The Group’s property portfolio comprises 20
flagship destinations in the United Kingdom, France and Ireland, investments in 9 premium
outlets across Europe through its holding in Value Retail and investments in eight retail parks in
the United Kingdom. Prior to the Group’s disposal of the majority of its interest in VIA Outlets,
flagship destinations, premium outlets and retail parks accounted for approximately 51%, 35%
and 6%, respectively, of the Group’s total property portfolio by value as at 30 June 2020 (on a
proportionally consolidated basis, including premium outlets).
General
Goodbody Stockbrokers UC, trading as Goodbody, (“Goodbody”) is acting as sponsor, under
Euronext Dublin Listing Rules, to the Company in connection with Admission. Goodbody is
regulated by the Central Bank of Ireland. In the UK, Goodbody is authorised and subject to
regulation by the Financial Conduct Authority. Goodbody is acting exclusively for the
Company and for no-one else in connection with Admission and will not be responsible to any
person other than the Company for providing the protections afforded to its clients or for
providing advice to any other person in relation to Admission or any other matter referred to
in this announcement.
Date: 18-12-2020 09:00:00
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