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HAMMERSON PLC - Notification of Share Repurchase Programme

Release Date: 06/12/2021 09:00
Code(s): HMN     PDF:  
Wrap Text
Notification of Share Repurchase Programme

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

6 December 2021

FOR IMMEDIATE RELEASE

Hammerson plc (the “Company”)

NOTIFICATION OF SHARE REPURCHASE PROGRAMME

Hammerson plc (the “Company”) today announces that it will commence a share
repurchase programme of its ordinary shares of 5 pence each (the “Ordinary Shares”) up to
a maximum aggregate number of shares to be repurchased which may not exceed
7,691,247 shares (the “Maximum Number of Shares”) (the “Share Repurchase Programme”).
The sole purpose of the Share Repurchase Programme is to reduce the issued share capital
of the Company to meet obligations arising from employee share option programmes. To the
extent permitted by law, Ordinary Shares purchased under the Share Repurchase
Programme will be held in treasury.

Hammerson announces that it has entered into an instruction to Morgan Stanley & Co.
International Plc (“Morgan Stanley”) in relation to the purchase by Morgan Stanley, acting as
principal during the period commencing today, 6 December 2021, and ending on date that
the Maximum Number of Shares are purchased, of ordinary shares in the share capital of the
Company (the “Shares”) and the simultaneous on-sale of such Shares by Morgan Stanley to
the Company.

Any purchase of Ordinary Shares done in relation to this announcement will be executed in
accordance with the relevant regulations (including but not limited to the Listing Rules) and
the Company’s general authority to make market purchases of Shares. The Company will
announce any market repurchase of Ordinary Shares no later than 7.30 a.m. (UK Time) on the
business day following the calendar day on which the repurchase occurred.

Contact:

Josh Warren
Director of Strategy and Investor Relations
Tel: +44 20 7887 1053
josh.warren@hammerson.com

This announcement does not constitute, or form part of, an offer or any solicitation of an offer
for securities in any jurisdiction.

Hammerson has its primary listing on the London Stock Exchange and secondary inward
listings on the Johannesburg Stock Exchange and Euronext Dublin.
Sponsor: Investec Bank Limited

Date: 06-12-2021 09:00:00
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