REG - Hammerson PLC - Response to Press Speculation

HammersonAnnouncement

29/11/2021 07:00

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RNS Number : 7988T  Hammerson PLC  29 November 2021

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.

 

29 November 2021

 

Response to press speculation

 

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

As highlighted at the Company's Half Year results in August, disposals of
non-core assets remains a near-term priority to continue to strengthen the
balance sheet, re-balance the portfolio and to enable the group to re-cycle
capital for investment.

The Company confirms that it is in discussions on terms of a possible disposal
of Silverburn, its flagship destination near Glasgow, which is held in a 50/50
JV with CPPIB.

There can be no certainty that a transaction will take place, but the Company
confirms the pricing under discussion is £140m, which would represent a class
2 transaction. The Company will provide a further update in due course, if
appropriate.

ENDS

This announcement has also been released on the SENS system of the
Johannesburg Stock Exchange and on Euronext Dublin.

 

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
(mailto:josh.warren@hammerson.com)

Press Contacts

Catrin Sharp, Hammerson, Head of Corporate Communications

Tel: +44 20 7887 1063            E: catrin.sharp@hammerson.com
(mailto:catrin.sharp@hammerson.com)

 

FTI Consulting (for Hammerson)

John Waples

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

Richard Gotla

Tel: +44 20 3727 1000/ 07904 122 207           E:
richard.gotla@fticonsulting.com (mailto:richard.gotla@fticonsulting.com)

 

Notes to Editors

Hammerson

Hammerson creates vibrant, continually evolving spaces, in and around thriving
European cities, with a focus on flagship retail destinations 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 retail venues include Bullring & Grand Central,
Birmingham, Bicester Village, Oxfordshire, Dundrum Town Centre, Dublin, and
Les Terrasses du Port, Marseille.

 

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