Hammerson Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Rita-Rose Gagne

Chief executive officer

UK£4.1m

Total compensation

CEO salary percentage	17.4%
CEO tenure	4yrs
CEO ownership	0.2%
Management average tenure	4yrs
Board average tenure	4.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Rita-Rose Gagne's remuneration changed compared to Hammerson's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	-UK£42m
Mar 31 2024	n/a	n/a	-UK£47m
Dec 31 2023	UK£4m	UK£706k	-UK£51m
Sep 30 2023	n/a	n/a	-UK£166m
Jun 30 2023	n/a	n/a	-UK£248m
Mar 31 2023	n/a	n/a	-UK£206m
Dec 31 2022	UK£2m	UK£682k	-UK£164m
Sep 30 2022	n/a	n/a	-UK£84m
Jun 30 2022	n/a	n/a	-UK£4m
Mar 31 2022	n/a	n/a	-UK£207m
Dec 31 2021	UK£2m	UK£672k	-UK£409m
Sep 30 2021	n/a	n/a	-UK£682m
Jun 30 2021	n/a	n/a	-UK£955m
Mar 31 2021	n/a	n/a	-UK£1b
Dec 31 2020	UK£708k	UK£112k	-UK£2b

Compensation vs Market: Rita-Rose's total compensation ($USD5.09M) is above average for companies of similar size in the ZA market ($USD1.35M).

Compensation vs Earnings: Rita-Rose's compensation has increased whilst the company is unprofitable.

CEO

Rita-Rose Gagne (62 yo)

4yrs

Tenure

UK£4,064,000

Compensation

Ms. Rita-Rose Gagne serves as Chief Executive Officer of Hammerson Plc since November 02, 2020 and has been its Director since November 02, 2020. She served as President of Growth Markets at Ivanhoé Cambri...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Rita-Rose Gagne	CEO & Executive Director	4yrs	UK£4.06m	0.15% ZAR 48.7m
Himanshu Raja	CFO & Executive Director	3.6yrs	UK£1.10m	0.098% ZAR 31.5m
Gregoire Peureux	Chief Operating Officer	4yrs	no data	no data
Simon Travis	Group Investment Director & MD of Premium Outlets	6.8yrs	no data	no data
Josh Warren	Director of Strategy & Investor Relations	no data	no data	no data
Robert George Dunn	General Counsel & Company Secretary	2.5yrs	no data	no data
Jessica Oppenheimer	Chief People Officer	2.8yrs	no data	no data
Richard Shaw	Deputy Chief Financial Officer	1.9yrs	no data	no data
Louise Ellison	Group Head of Sustainability	no data	no data	no data
Fiona Campbell-Roberts	Uk Head of Marketing	11.8yrs	no data	no data
John Grimes	Head of Development Leasing	8.3yrs	no data	no data
Maxime Depreux	Chief Operating Officer - Premium Outlets	7.5yrs	no data	no data

4.0yrs

Average Tenure

58yo

Average Age

Experienced Management: HMN's management team is considered experienced (4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Rita-Rose Gagne	CEO & Executive Director	4yrs	UK£4.06m	0.15% ZAR 48.7m
Himanshu Raja	CFO & Executive Director	3.6yrs	UK£1.10m	0.098% ZAR 31.5m
Adam Metz	Independent Non-Executive Director	5.3yrs	UK£159.00k	0.24% ZAR 77.3m
Michael Butterworth	Senior Independent Director	3.8yrs	UK£88.00k	0.0043% ZAR 1.4m
Robert Noel	Independent Non-Executive Chairman	4.2yrs	UK£303.00k	0.26% ZAR 83.2m
Mahkameh Brunel	Independent Non-Executive Director	4.9yrs	UK£72.00k	0.0019% ZAR 621.2k
Carol Welch	Independent Non-Executive Director	5.7yrs	UK£76.00k	0.0011% ZAR 344.4k
Habib Annous	Independent Non-Executive Director	3.5yrs	UK£82.00k	0.24% ZAR 76.0m

4.1yrs

Average Tenure

61.5yo

Average Age

Experienced Board: HMN's board of directors are considered experienced (4.1 years average tenure).

Hammerson Management

Management criteria checks 2/4

Key information

Recent management updates

CFO & Executive Director recently bought R1.4m worth of stock

Independent Non-Executive Director recently bought R1.9m worth of stock

Insufficient new directors

Hammerson Plc, Annual General Meeting, Apr 25, 2024

Hammerson Plc Elects Nick Hughes and Craig Tate as Director

Independent Non-Executive Director recently bought R203k worth of stock

Recent updates

Hammerson Plc (LSE:HMSO) acquired the remaining 50% stake in West Quay Shopping Centre Limited from GIC Private Limited for £135 million.

Hammerson Plc (LSE:HMSO) acquired the remaining 50% stake in West Quay Shopping Centre Limited for approximately £135 million.

Now 20% overvalued after recent price rise

Now 20% overvalued after recent price rise

CFO & Executive Director recently bought R1.4m worth of stock

Upcoming dividend of UK£0.76 per share

Independent Non-Executive Director recently bought R1.9m worth of stock

First half 2024 earnings released: UK£0.005 loss per share (vs UK£0.007 loss in 1H 2023)

Hammerson plc Has Declares Interim Dividend for the Period Ending 31 December 2024, Payable on September 30, 2024

Hammerson Plc to Report First Half, 2024 Results on Jul 25, 2024

Insufficient new directors

Upcoming dividend of R0.19 per share

Hammerson Plc, Annual General Meeting, Apr 25, 2024

Hammerson Plc (LSE:HMSO) commences an Equity Buyback Plan for 499,457,436 shares, representing 10% of its issued share capital, under the authorization approved on May 4, 2023.

Hammerson Plc (LSE:HMSO) commences an Equity Buyback Plan for 499,457,436 shares, representing 10% of its issued share capital, under the authorization approved on May 4, 2023.

Third quarter 2023 earnings released: UK£0.005 loss per share (vs UK£0.02 loss in 3Q 2022)

Hammerson plc Proposes Final Dividend for Period Ending December 31, 2023, Payable on May 10, 2024

Hammerson Plc to Report Fiscal Year 2023 Results on Feb 29, 2024

Sofidy SA and Klépierre (ENXTPA:LI) signed an agreement to acquire O'Parinor Shopping Centre from Hammerson Plc (LSE:HMSO) and National Pension Service.

Hammerson Reportedly Is in Detailed Talks to Sell Its 40% Stake in Value Retail

Upcoming dividend of R0.17 per share at 5.5% yield

New minor risk - Dividend sustainability

First half 2023 earnings released: EPS: UK£0 (vs UK£0.01 in 1H 2022)

Hammerson Plc to Report First Half, 2023 Results on Jul 27, 2023

Hammerson Plc Elects Nick Hughes and Craig Tate as Director

Independent Non-Executive Director recently bought R203k worth of stock

Full year 2022 earnings released: UK£0.033 loss per share (vs UK£0.093 loss in FY 2021)

Hammerson plc to Report Fiscal Year 2022 Results on Mar 09, 2023

High number of new directors

Hammerson plc Appoints Habib Annous as Member of the Investment and Disposal Committee

Hammerson plc Announces Board Resignations

Upcoming dividend of R0.039 per share

First half 2022 earnings released

Hammerson plc Declares Interim Dividend for the Period Ended 31 December 2022, Payable on 3 November 2022

Hammerson plc to Report First Half, 2022 Results on Jul 28, 2022

High number of new and inexperienced directors

Hammerson plc Appoints Adam Metz as Non-Executive Director

Upcoming dividend of R0.39 per share

Now 20% undervalued after recent price drop

Independent Non-Executive Director recently bought R1.5m worth of stock

Forecast breakeven date moved forward to 2022

Independent Non-Executive Director recently bought R592k worth of stock

Now 22% undervalued after recent price drop

Hammerson plc, Annual General Meeting, Apr 28, 2022

Full year 2021 earnings: Revenues miss analyst expectations

Hammerson plc Announces Board Changes

Redical Holdings AG agreed to acquire Victoria Gate and Victoria Quarter Shopping Centres from Hammerson plc (LSE:HMSO) for £120 million.

Hammerson plc in Discussions with Entities Related to Redical Holdings

Hammerson plc to Report Fiscal Year 2021 Results on Mar 04, 2022

Henderson Park Capital Management and Eurofund Group completed the acquisition of Retail Property Holdings Limited from Hammerson plc (LSE:HMSO) and Canada Pension Plan Investment Board.

Independent Non-Executive Director recently bought R1.1m worth of stock

Henderson Park Capital Management and Eurofund Group agreed to acquire Retail Property Holdings Limited from Hammerson plc (LSE:HMSO) and Canada Pension Plan Investment Board for £140 million.

Hammerson in Talks to Sell Silverburn Shopping Center

Upcoming dividend of R0.04 per share

Forecast to breakeven in 2022

Independent Non-Executive Director recently bought R1.5m worth of stock

Non-Executive Independent Director has left the company

CFO & Director has left the company

Full year 2020 earnings released: UK£0.77 loss per share (vs UK£3.76 loss in FY 2019)

Upcoming dividend of R0.041 per share

An unknown buyer acquired an unknown minority stake Brent South shopping in UK from Hammerson plc (LSE:HMSO) for £73 million.

Full year 2020 earnings released: UK£0.77 loss per share (vs UK£3.76 loss in FY 2019)

Hammerson plc Announces Changes to Its Board

Hammerson plc Proposes Final Dividend for the Period Ended 31 December 2020, Payable on 13 May 2021

New 90-day high: R5.50

Hammerson plc to Report Fiscal Year 2020 Results on Mar 12, 2021

Hammerson plc Announces James Lenton Step Down from His Role as Chief Financial Officer

Hammerson plc Announces Appointment of Mike Butterworth as Non-Executive Director and member of the Audit Committee, Effect from 1 January 2021

Hammerson plc(LSE:HMSO) dropped from FTSE All-Small Index (GBP)