REG - Hammerson PLC - Notification of Share Repurchase Programme

HammersonAnnouncement

12/03/2024 10:45

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RNS Number : 5236G  Hammerson PLC  12 March 2024

12 March 2024

 

FOR IMMEDIATE RELEASE

 

Hammerson plc (the "Company")

NOTIFICATION OF SHARE REPURCHASE PROGRAMME

 

The Company announces that it will today commence a programme to purchase up
to 5,317,013 of its ordinary shares of 5 pence each (the "Maximum Number of
Shares") (the "Share Repurchase Programme"). The sole purpose of the Share
Repurchase Programme is to purchase ordinary shares to be used to meet
obligations arising from employee share option programmes operated by the
Company. To the extent permitted by law, ordinary shares purchased under the
Share Repurchase Programme will be held in treasury.

 

For the purpose of the Share Repurchase Programme, the Company has entered
into an instruction to Morgan Stanley & Co. International Plc ("Morgan
Stanley") in relation to the purchase by Morgan Stanley, acting as principal,
of ordinary shares and the simultaneous on-sale of such ordinary shares by
Morgan Stanley to the Company. The Share Repurchase Programme will commence on
12 March 2024 and will end no later than 30 June 2024.

 

Any purchase of ordinary shares under the Share Repurchase Programme 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 ordinary 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 occurs.

 

Contact:

 

Josh Warren

Director of Strategy, Commercial Finance and Investor Relations

Tel: +44 20 7887 1053

josh.warren@hammerson.com (mailto:josh.warren@hammerson.com)

Richard Crowle

Senior Assistant Company Secretary

Tel: +44 20 7887 1000

Richard.crowle@hammerson.com (mailto:Richard.crowle@hammerson.com)

 

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

 

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

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