REG - Hammerson PLC - 2023 EUR500,000,000 1.750 per cent Bond Redemption

HammersonAnnouncement

03/11/2022 07:01

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RNS Number : 1335F  Hammerson PLC  03 November 2022

Hammerson plc (the "Company")

3 November 2022

 

Hammerson plc today announces exercise of early redemption option in respect
of Bonds due in 2023 with cash held on balance sheet.  All further Group debt
maturities until 2025 remain covered by existing cash facilities.

 

2023 €500,000,000 1.750 per cent Bond Redemption

 

If you are in doubt about any aspect of this announcement and/or the action
you should take, you should consult your stockbroker, bank manager, solicitor,
accountant or other professional advisor authorised under the Financial
Services and Markets Act 2000 (if you are in the United Kingdom) or another
appropriately authorised independent financial advisor.

 

Hammerson plc announces the exercise of the Company's early redemption option
in respect of the €500,000,000 1.750 per cent. Bonds due 2023 (ISIN:
XS1379158550) (the "Bonds"). As at the date of this announcement the aggregate
principal amount of Bonds outstanding is €235,507,000.

 

Capitalised terms used in this announcement shall bear the meanings given to
them in the terms and conditions of the Bonds contained in the prospectus
dated 11 March 2016 (the "Terms and Conditions").

 

The Bonds will be redeemed in full on 16 December 2022 (the "Optional
Redemption Date") pursuant to Condition 6(b) of the Terms and Conditions and
will be settled using the existing cash on balance sheet covering this
maturity as outlined in our interim results presentation. There are no further
Group debt maturities not covered by existing cash on the balance sheet until
2025.  The Company has today delivered the notice required by Condition 6(b)
to Euroclear and Clearstream, Luxembourg.

 

The Bonds will be redeemed at par, being a price equal to the principal amount
of the Bonds, together with interest accrued to but excluding the Optional
Redemption Date.

 

Holders of the Bonds which are held on behalf of Euroclear or Clearstream,
Luxembourg should contact the relevant corporate actions departments within
the clearing systems for further information.

 

Investor Enquiries:

Josh Warren, Director of Strategy and Investor Relations

Tel: +44 (0)20 7887 1053   Email: josh.warren@hammerson.com
(mailto:josh.warren@hammerson.com)

 

Media Enquiries:

Dido Laurimore, FTI Consulting: + 44 (0)7801 654424

 

Natalie Gunson, Communications Director,
Hammerson

Tel: +44 (0)20 7887 4672   Email: natalie.gunson@hammerson.com
(mailto:natalie.gunson@hammerson.com)

 

Debt Enquiries

Richard Sharp, Group Treasurer

Tel: +44 (0)20 7887 1119   Email: richard.sharp@hammerson.com
(mailto:richard.sharp@hammerson.com)

 

Tony Winterbourn, Deputy Treasurer

Tel: +44 (0)20 7887 1080    Email: tony.winterbourn@hammerson.com
(mailto:tony.winterbourn@hammerson.com)

 

ENDS

 

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

 

 

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