Wrap Text
Statement regarding Klépierre S.A. (“Klépierre”) withdrawal
Hammerson plc
(Incorporated in England and Wales)
(Company number 360632)
LSE share code: HMSO JSE share code: HMN
ISIN: GB0004065016
(“Hammerson” or “the Company”)
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN,
INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT
LAWS OR REGULATIONS OF SUCH JURISDICTION
FOR IMMEDIATE RELEASE
13 April 2018
Hammerson plc (“Hammerson” or the “Company”)
Statement re Klépierre S.A. (“Klépierre”) withdrawal
The Board of Hammerson notes the announcement made by Klépierre that it does not intend to make an offer
for Hammerson and that it is consequently bound by the restrictions under Rule 2.8 of the City Code on
Takeovers and Mergers (the "Code").
The Board of Hammerson welcomes the clarification provided by the announcement. The Board continues to
believe that Klépierre's proposal, which the Board carefully considered following a meeting between David Tyler
and Jean-Marc Jestin, very significantly undervalued Hammerson.
Following the announcement of the Company’s 2017 results, the approach by Klépierre, and the Q1 2018
Business Update, Hammerson has engaged intensively with its shareholders and will continue to do so.
David Tyler, Chairman of Hammerson said:
“The Board is confident in the intrinsic value of Hammerson and its prospects. It is entirely focused on delivering
value for shareholders in the shorter and longer term.”
Enquiries
Hammerson +44 (0)20 7887 1000
David Tyler, Chairman
David Atkins, Chief Executive Officer
Timon Drakesmith, Chief Financial Officer and Managing Director, Premium Outlets
Rebecca Patton, Head of Investor Relations
Catrin Sharp, Head of Corporate Communications
FTI Consulting +44 (0)20 7979 7400
(PR adviser to Hammerson)
John Waples +44 (0)77 1781 4520
Dido Laurimore +44 (0)78 0165 4424
Tom Gough +44 (0)75 8386 3025
Overseas jurisdictions
The release, publication or distribution of this Announcement in jurisdictions other than the United Kingdom
and South Africa may be restricted by law and therefore any persons who are subject to the laws of any
jurisdiction other than the United Kingdom and South Africa should inform themselves about, and observe, any
applicable requirements. The information disclosed in this Announcement may not be the same as that which
would have been disclosed if this Announcement had been prepared in accordance with the laws of jurisdictions
outside the United Kingdom.
Forward-looking statements
This Announcement contains certain forward-looking statements, beliefs or opinions, with respect to the
financial condition, results of operations and business of Hammerson. These forward-looking statements can be
identified by the fact that they do not relate only to historical or current facts. Forward-looking statements
often use words such as “anticipate”, “target”, “expect”, “estimate”, “intend”, “plan”, “goal”, “believe”,
“hope”, “aims”, “continue”, “will”, “may”, “should”, “would”, “could”, or other words of similar meaning. These
statements are based on assumptions and assessments made by Hammerson, in light of their experience and
their perception of historical trends, current conditions, future developments and other factors they believe
appropriate. By their nature, forward-looking statements involve risk and uncertainty, because they relate to
events and depend on circumstances that will occur in the future and the factors described in the context of
such forward-looking statements in this document could cause actual results and developments to differ
materially from those expressed in or implied by such forward-looking statements. Although it is believed that
the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that
such expectations will prove to have been correct and you are therefore cautioned not to place undue reliance
on these forward-looking statements which speak only as at the date of this Announcement. Hammerson does
not assume any obligation to update or correct the information contained in this section of the website
(whether as a result of new information, future events or otherwise), except as required by applicable law.
There are several factors which could cause actual results to differ materially from those expressed or implied
in forward-looking statements. Among the factors that could cause actual results to differ materially from
those described in the forward-looking statements are changes in global, political, economic, business,
competitive, market and regulatory forces, future exchange and interest rates, changes in tax rates and future
business combinations or dispositions.
Publication of this Announcement
In accordance with Rule 26.1 of the Code, a copy of this Announcement will be available on Hammerson's
website at www.hammerson.com/investors by no later than 12 noon (London time) on the business day
following this Announcement).
Hammerson has its primary listing on the London Stock Exchange and a secondary inward listing on the
Johannesburg Stock Exchange.
Joint Sponsors:
Deutsche Securities (SA) Proprietary Limited
Java Capital
Date: 13/04/2018 12:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
