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HAMMERSON PLC - Board Changes

Release Date: 15/06/2020 08:00
Code(s): HMN     PDF:  
Wrap Text
Board Changes

Hammerson plc
(Incorporated in England and Wales)
(Company number 360632)
LSE share code: HMSO JSE share code: HMN
ISIN: GB0004065016
(Hammerson or the Company)

15 June 2020

Board Changes

The Board of Hammerson is pleased to announce that Robert Noel is to succeed
David Tyler as Non-Executive Chair of the Company. Mr Noel will join the Board
and take over the position with effect from a date to be confirmed but no later than
1 October 2020, at which point Mr Tyler will step down from the Company. When he
joins, Mr Noel will also chair the Nominations Committee.

Mr Noel has built a long and successful career in the real estate sector most notably
at Great Portland Estates plc and Land Securities Group PLC (Landsec). In March of
this year he stepped down from Landsec, where he had held the role of Chief
Executive Officer for the past eight years.

Mr Noel is also Senior Independent Director at Taylor Wimpey plc and a Trustee of
the Natural History Museum.

Commenting on his appointment to Chair, Robert Noel said: “I am delighted to be
joining Hammerson. The retail property sector is going through a period of
unprecedented upheaval, but I look forward very much to helping the Company
steer through the challenges it is currently facing and capitalise on the significant
opportunities ahead.”

Separately, the Company also announces that Desmond (Des) de Beer will join its
Board as a non-executive director with immediate effect. Des is a non-executive
director of Lighthouse Capital, a property company which invests in direct property
and listed real estate securities and which has a 15.1% shareholding in Hammerson.

Commenting on the appointments, Gwyn Burr, the Senior Independent Director at
Hammerson, said: “Rob brings with him vast experience of the property industry
which will help accelerate the Board’s ambitions to put the Company back onto a
stable footing. We are also very pleased to welcome Des, whose experience in
retail property and international perspective will make a valuable contribution to the
future of Hammerson.”

“The Board would like to take this opportunity to thank David Tyler for his huge
commitment and energy as Chair over the past seven years.”

There are no other disclosures to be made under Listing Rule 9.6.13.
Hammerson has its primary listing on the London Stock Exchange and a secondary inward
listing on the Johannesburg Stock Exchange.

Sponsor:
Investec Bank Limited


ENDS

Investor Contact
Josh Warren, Hammerson, Head of Investor Relations
Tel: +44 20 7887 1053
josh.warren@hammerson.com

Press Contacts
Hammerson
Catrin Sharp, Head of Corporate Communications
Tel: +44 20 7887 1063
catrin.sharp@hammerson.com

FTI Consulting (for Hammerson)
Dido Laurimore
Tel: +44 20 3727 1000/ 0780 1654424
dido.laurimore@fticonsulting.com


Notes to Editors

Hammerson
Hammerson create vibrant, continually evolving spaces, in and around thriving
European cities, with a focus on flagship retail destinations and Premium Outlets. As
of 31st December 2019, our portfolio of high-quality venues had a value of £8.3
billion and includes 21 flagship destinations in thriving cities, and investments in 20
premium outlet villages, through our partnership with Value Retail and the VIA
Outlets joint venture. Key retail venues include, Bullring & Grand Central,
Birmingham, Bicester Village, Oxfordshire, Freeport Lisboa Fashion Outlet, Lisbon,
Dundrum Town Centre, Dublin; and Les Terrasses du Port, Marseille.

Des de Beer

Mr de Beer has significant experience in property investment and management. He
is one of the founders of Resilient REIT Limited, a South African Real Estate Investment
Trust where he has served as CEO since its listing in 2002. He was also a founder of
New Europe Property Investments plc and its successor NEPI Rockcastle plc.

Date: 15-06-2020 08:00:00
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