Tillkännagivande • Jul 01
Hammerson Plc (LSE:HMSO) commences an Equity Buyback Plan for 53,163,183 shares, representing 10% of its issued share capita, under the authorization approved on April 30, 2026. Hammerson plc (LSE:HMSO) commences share repurchases on June 29, 2026, under the program mandated by the shareholders in the Annual General Meeting held on April 30, 2026. As per the mandate, the company is authorized to repurchase up to 53,163,183 shares, representing 10% of its issued share capital. The minimum price which may be paid for any such share is £0.05 and the maximum price (excluding expenses) which may be paid for any such share is the higher of an amount equal to 105% of the average of the middle market quotations for an ordinary share in the company as derived from The London Stock Exchange Daily Official List for the five business days immediately preceding the day on which such share is contracted to be purchased and the higher of the price of the last independent trade and the highest current independent bid for an ordinary share in the company. The repurchased shares will be held in treasury or will be cancelled. The program will be valid till the next Annual General Meeting or till July 30, 2027, whichever is earlier. As of March 20, 2026, the company had 531,631,836 ordinary shares in issue and had 422,757 shares in treasury. Tillkännagivande • May 03
Hammerson plc Announces Chief Financial Officer Changes Hammerson PLC announced that Himanshu Raja informed the Board of his intention to retire from his position as Chief Financial Officer. He will step down as CFO of the Company on August 12, 2026, following publication of the Company's results for the half-year ended June 30, 2026. After five years as Hammerson's CFO and a career spanning 40 years with 15 years as a listed company CFO, across a multitude of sectors, Himanshu has decided now is the right time for him to retire. Himanshu will remain employed by the Company for the next 12 months. During this period, he will remain available to assist with an orderly transition. Richard Shaw, Deputy CFO, will become Interim CFO when Himanshu steps down. The Board will now commence a formal and thorough recruitment process to identify a permanent successor for Himanshu, which will include consideration of internal and external candidates. Tillkännagivande • Feb 26
Hammerson Plc, Annual General Meeting, Apr 30, 2026 Hammerson Plc, Annual General Meeting, Apr 30, 2026. Tillkännagivande • Jan 28
Hammerson Plc to Report Fiscal Year 2025 Results on Feb 25, 2026 Hammerson Plc announced that they will report fiscal year 2025 results at 8:00 AM, GMT Standard Time on Feb 25, 2026 Tillkännagivande • Jan 07
Hammerson plc Announces Termination of Rita-Rose Gagne as Director, Effective January 1, 2026 Hammerson PLC announced the termination of MS Rita-Rose Gagne as director, Effective January 1, 2026. Tillkännagivande • Dec 05
Hammerson plc Announces Board and Committee Changes Hammerson plc announced that Méka Brunel, a Non-Executive Director of the Company, has notified the Board that she will step down as a Director on December 31, 2025. Méka is a member of the Remuneration and Nomination & Governance Committees. With effect from January 1, 2026, Robert Noel will become a member of the Remuneration Committee. Tillkännagivande • Oct 10
Hammerson plc Updates Earnings Guidance for the Fiscal Year 2025 Hammerson Plc updated earnings guidance for the fiscal year 2025. For the period, company now expect earnings to be around £101 million. Tillkännagivande • Sep 09
Hammerson Announces CEO Changes Hammerson named Rob Wilkinson, former chief executive of AEW Europe, as its own next CEO, taking over the reins from Rita-Rose Gagné at the start of next year. Wilkinson led AEW Europe for more than 11 years, joining in 2009 as chief investment officer in Europe and becoming chief executive in 2014. He was a non-executive director at Grainger from 2015 to 2023 and has been a non-exec at Derwent London since 2024. Tillkännagivande • Aug 01
Hammerson Plc has completed a Follow-on Equity Offering in the amount of £138.488963 million. Hammerson Plc has completed a Follow-on Equity Offering in the amount of £138.488963 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 48,253,994
Price\Range: £2.87
Transaction Features: Regulation S; Subsequent Direct Listing Tillkännagivande • Jul 31
Hammerson plc Declares Interim Dividend for the Financial Year Ending 31 December 2025, Payable on October 16, 2025 The Board of Directors of the Hammerson Plc has declared an interim dividend of 7.94 pence per ordinary share ("Share") for the financial year ending 31 December 2025. The Interim 2025 Dividend is payable on 16 October 2025 to shareholders on the register at the close of business on 5 September 2025. Tillkännagivande • May 22
Hammerson Plc (LSE:HMSO) acquired an additional 59% stake in Brent Cross Association Limited from abrdn UK Shopping Centre Trust for approximately £190 million. Hammerson Plc (LSE:HMSO) agreed to acquire an additional 59% stake in Brent Cross Association Limited from abrdn UK Shopping Centre Trust for approximately £200 million on May 12, 2025.
Hammerson Plc (LSE:HMSO) completed the acquisition of an additional 59% stake in Brent Cross Association Limited from abrdn UK Shopping Centre Trust on May 21, 2025. The purchase price is a net cash consideration of approximately £190 million. Tillkännagivande • May 12
Hammerson Confirms It Is in A Process to Acquire the Units in the abrdn UK Shopping Centre Trust In response to recent press speculation, Hammerson Plc (LSE:HMSO) confirmed it is in a process to acquire the units in the abrdn UK Shopping Centre Trust ("SCUT"), which holds the 59% of Brent Cross not already held by Hammerson for a net cash consideration of around £200 million. Hammerson's existing managing stake, together with the SCUT units already acquired or for which binding contracts have been exchanged, currently represents an economic interest in Brent Cross of over 90%. The process is ongoing and a further update will follow in due course. Tillkännagivande • Mar 19
Hammerson Plc, Annual General Meeting, May 15, 2025 Hammerson Plc, Annual General Meeting, May 15, 2025. Location: marble arch house, 66 seymour street, w1h 5bx, london United Kingdom Tillkännagivande • Feb 26
Hammerson plc Recommends Final Cash Dividend for the Year Ended December 31, 2024, Payable on June 3, 2025 The Board of Directors of Hammerson Plc has recommended a final cash dividend of 8.07 pence per ordinary share for the period ended 31 December 2024 (the "Final 2024 Dividend"), subject to approval by the shareholders of the Company at the 2025 Annual General Meeting. The dividend Payable on June 3, 2025 with record date of April 25, 2025 and ex-date of April 24, 2025. Tillkännagivande • Jan 29
Hammerson Plc to Report Fiscal Year 2024 Results on Feb 26, 2025 Hammerson Plc announced that they will report fiscal year 2024 results on Feb 26, 2025 Tillkännagivande • Nov 08
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 from GIC Private Limited for £135 million on November 7, 2024. The funding for the consideration will come from the proceeds Hammerson recently obtained from selling its stake in Value Retail.
Hammerson Plc (LSE:HMSO) completed the acquisition of the remaining 50% stake in West Quay Shopping Centre Limited from GIC Private Limited on November 7, 2024. Reported Earnings • Jul 29
First half 2024 earnings released: UK£0.005 loss per share (vs UK£0.007 loss in 1H 2023) First half 2024 results: UK£0.005 loss per share (improved from UK£0.007 loss in 1H 2023). Revenue: UK£100.0m (down 10% from 1H 2023). Net loss: UK£24.1m (loss narrowed 28% from 1H 2023). Revenue is forecast to stay flat during the next 3 years compared to a 2.6% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Tillkännagivande • Jul 25
Hammerson plc Has Declares Interim Dividend for the Period Ending 31 December 2024, Payable on September 30, 2024 Hammerson Plc has declared an interim dividend of 0.756 pence per ordinary share ("Share") for the period ending 31 December 2024. The Interim 2024 Dividend is payable on 30 September 2024 to shareholders on the register at the close of business on 23 August 2024. Tillkännagivande • Jun 26
Hammerson Plc to Report First Half, 2024 Results on Jul 25, 2024 Hammerson Plc announced that they will report first half, 2024 results on Jul 25, 2024 Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. Independent Non-Executive Director Habib Annous was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Tillkännagivande • Mar 21
Hammerson Plc, Annual General Meeting, Apr 25, 2024 Hammerson Plc, Annual General Meeting, Apr 25, 2024, at 09:00 Coordinated Universal Time. Location: Marble Arch House, 66 Seymour Street London W1H 5BX, United Kingdom London United Kingdom Tillkännagivande • Mar 13
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 share repurchases on March 12, 2024, under the program mandated by the shareholders in the Annual General Meeting held on May 4, 2023. As per the mandate, the company is authorized to repurchase up to 499,457,436 ordinary shares, representing 10% of its issued share capital. The minimum price which may be paid for any such share is £0.05 and the maximum price (excluding expenses) which may be paid for any such share is the higher of an amount equal to 105% of the average of the middle market quotations for an ordinary share in the company as derived from The London Stock Exchange Daily Official List for the five business days immediately preceding the day on which such share is contracted to be purchased and the higher of the price of the last independent trade and the highest current independent bid for an ordinary share in the company. The repurchased shares will be held in treasury or will be cancelled. The program will be valid till the next Annual General Meeting or till August 4, 2024, whichever is earlier. As of May 4, 2023, the company had 4,994,574,360 ordinary shares in issue and had 7,691,247 shares in treasury. Reported Earnings • Mar 01
Third quarter 2023 earnings released: UK£0.005 loss per share (vs UK£0.02 loss in 3Q 2022) Third quarter 2023 results: UK£0.005 loss per share (improved from UK£0.02 loss in 3Q 2022). Revenue: UK£8.40m (down 90% from 3Q 2022). Net loss: UK£25.1m (loss narrowed 77% from 3Q 2022). Revenue is expected to fall by 2.4% p.a. on average during the next 3 years compared to a 3.1% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Tillkännagivande • Feb 29
Hammerson plc Proposes Final Dividend for Period Ending December 31, 2023, Payable on May 10, 2024 The Board of Directors of Hammerson Plc has recommended a final cash dividend of 0.78 pence per ordinary share ("Share") for the period ended 31 December 2023 (the "Final 2023 Dividend"), subject to approval by the shareholders of the Company at the 2024 Annual General Meeting. The Final 2023 Dividend will be paid as a non-Property Income Distribution,and treated as an ordinary UK company dividend. Dividend Payment Date 10 May, 2024. Tillkännagivande • Feb 02
Hammerson Plc to Report Fiscal Year 2023 Results on Feb 29, 2024 Hammerson Plc announced that they will report fiscal year 2023 results on Feb 29, 2024 Tillkännagivande • Jan 11
Sofidy SA and Klépierre (ENXTPA:LI) signed an agreement to acquire O'Parinor Shopping Centre from Hammerson Plc (LSE:HMSO) and National Pension Service. Sofidy SA and Klépierre (ENXTPA:LI) signed an agreement to acquire O'Parinor Shopping Centre from Hammerson Plc (LSE:HMSO) and National Pension Service on January 9, 2024. As part of this acquisition, Sofidy and Klépierre agree on a capital partnership (respectively 75% and 25% of the capital) and operational partnership in order to take over the asset from Hammerson and the Korean fund National Pension Service of Korea (NPS ). Klépierre being entrusted with the rental and property management contract for the shopping center, and Sofidy with the management of the companies involved. Closing of the transaction is envisaged in early 2024, subject to the usual conditions. Tillkännagivande • Nov 15
Hammerson Reportedly Is in Detailed Talks to Sell Its 40% Stake in Value Retail Hammerson Plc (LSE:HMSO) is in detailed talks to sell its stake in Value Retail PLC, owner of the Bicester Village retail complex, for about £1 billion. Sky News has learnt that Hammerson, the FTSE-250 owner of London's Brent Cross and Birmingham's Bullring malls, is talking to a number of investors about buying its interest in Value Retail. Rival property industry executives said on 13 November 2023 that they understood that Hammerson could strike a deal to offload its roughly 40% stake in Value Retail before the end of the year. In a statement issued to Sky News, Hammerson said: "Value Retail is an attractive portfolio but, as we've previously stated, it's not part of our core proposition to have an investment in a platform. "We are not forced sellers and will look to maximise our options at the right time." A sale of its stake in Value Retail has been on the cards for some time, but news that it may be announced within weeks is likely to please shareholders. New Risk • Nov 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.4% average weekly change). New Risk • Jul 31
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 5.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (7.9% increase in shares outstanding). Reported Earnings • Jul 30
First half 2023 earnings released: EPS: UK£0 (vs UK£0.01 in 1H 2022) First half 2023 results: EPS: UK£0 (down from UK£0.01 in 1H 2022). Revenue: UK£117.5m (down 15% from 1H 2022). Net loss: UK£1.20m (down 102% from profit in 1H 2022). Revenue is expected to fall by 11% p.a. on average during the next 3 years compared to a 3.4% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 157% per year but the company’s share price has fallen by 56% per year, which means it is significantly lagging earnings. Tillkännagivande • Jul 06
Hammerson Plc to Report First Half, 2023 Results on Jul 27, 2023 Hammerson Plc announced that they will report first half, 2023 results on Jul 27, 2023 Tillkännagivande • May 06
Hammerson Plc Elects Nick Hughes and Craig Tate as Director Hammerson Plc elected Nick Hughes and Craig Tate as Director of the Company, at the 2023 AGM held on 4 May 2023. Reported Earnings • Mar 10
Full year 2022 earnings released: UK£0.033 loss per share (vs UK£0.093 loss in FY 2021) Full year 2022 results: UK£0.033 loss per share (improved from UK£0.093 loss in FY 2021). Revenue: UK£288.0m (up 4.8% from FY 2021). Net loss: UK£164.2m (loss narrowed 60% from FY 2021). Revenue is expected to decline by 16% p.a. on average during the next 3 years, while revenues in the REITs industry in Europe are expected to grow by 1.9%. Tillkännagivande • Jan 17
Hammerson plc to Report Fiscal Year 2022 Results on Mar 09, 2023 Hammerson plc announced that they will report fiscal year 2022 results on Mar 09, 2023 Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Habib Annous was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Oct 20
Hammerson plc Appoints Habib Annous as Member of the Investment and Disposal Committee Hammerson plc announced the appointment of Habib Annous as a member of the Investment and Disposal Committee with immediate effect. Habib was appointed to the Board on 5 May 2021 as a Non-Executive Director. Habib is Chair of the Remuneration Committee and is a member of the Audit Committee and Nomination Committee. Tillkännagivande • Oct 12
Hammerson plc Announces Board Resignations Hammerson plc announced that Des de Beer, Non-Executive Director, has informed the Board of his decision to step down as a director of the Company with immediate effect. The appointment of Alan Olivier as alternate director to Des de Beer has also ceased with immediate effect. Reported Earnings • Jul 31
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up UK£354.8m from 1H 2021). Profit margin: (up from net loss in 1H 2021). Over the next year, revenue is forecast to decline by 23% while the industry in Germany is not expected to grow. Tillkännagivande • Jul 28
Hammerson plc Declares Interim Dividend for the Period Ended 31 December 2022, Payable on 3 November 2022 The Board of Directors of Hammerson plc has declared an interim dividend of 0.2 pence per ordinary share ("Share") for the period ended 31 December 2022 (the "Interim 2022 Dividend"). Record date (applicable to both the UK principal register and the SA branch register) is 7 October 2022. Dividend Payment Date is 3 November 2022. Tillkännagivande • Jun 29
Hammerson plc to Report First Half, 2022 Results on Jul 28, 2022 Hammerson plc announced that they will report first half, 2022 results on Jul 28, 2022 Buying Opportunity • May 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 30%. The fair value is estimated to be €0.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 18% over the last 3 years. Earnings per share has grown by 46%. Revenue is forecast to decline by 7.2% in a year. Earnings is forecast to grow by 71% in the next year. Board Change • Apr 27
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 2 experienced directors. 1 highly experienced director. Senior Independent Director Gwyn Burr is the most experienced director on the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Tillkännagivande • Apr 01
Hammerson plc Appoints Adam Metz as Non-Executive Director Hammerson plc announced that its Non-Executive Director, Adam Metz, has been appointed with effect from 30 March 2022 as a Non-Executive Director of Seritage Growth Properties, a real estate investment trust listed on the New York Stock Exchange. Recent Insider Transactions • Mar 24
Independent Non-Executive Director recently bought €91k worth of stock On the 21st of March, Habib Annous bought around 250k shares on-market at roughly €0.37 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €472k more in shares than they have sold in the last 12 months. Breakeven Date Change • Mar 17
Forecast breakeven date moved forward to 2022 The 9 analysts covering Hammerson previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of UK£65.6m in 2022. Earnings growth of 98% is required to achieve expected profit on schedule. Reported Earnings • Mar 05
Full year 2021 earnings: Revenues miss analyst expectations Full year 2021 results: Revenue: UK£134.8m (down 47% from FY 2020). Net loss: UK£409.3m (loss narrowed 76% from FY 2020). Revenue missed analyst estimates by 6.6%. Over the next year, revenue is forecast to grow 82% while thereits industry in Germany is not expected to grow. Tillkännagivande • Feb 24
Hammerson plc Announces Board Changes Hammerson plc announced that its Non-Executive Director, Des de Beer, has appointed Alan Olivier to act as his alternate when he is unable to attend Board and Committee meetings due to his ongoing commitments as CEO of a listed company in South Africa. Mr. Olivier is currently the Chair of the Board of Resilient REIT Limited. He served as a Director and then Chair of the UK P&I Club Board from 2000-2018. Tillkännagivande • Feb 22
Redical Holdings AG agreed to acquire Victoria Gate and Victoria Quarter Shopping Centres from Hammerson plc (LSE:HMSO) for £120 million. Redical Holdings AG agreed to acquire Victoria Gate and Victoria Quarter Shopping Centres from Hammerson plc (LSE:HMSO) for £120 million on February 21, 2022. John Waples and Dido Laurimore of FTI Consulting Management Limited acted as financial advsor to Hammerson. Tillkännagivande • Feb 21
Hammerson plc in Discussions with Entities Related to Redical Holdings Hammerson plc (LSE:HMSO) confirmed that it is in discussions with entities related to Redical Holdings AG on terms for a possible sale of its Victoria Gate and Victoria Quarter shopping centres. There can be no certainty that a transaction will take place, but the Company confirms the pricing under discussion is £120 million, which would represent a class 2 transaction. The Company will provide a further announcement if appropriate. Tillkännagivande • Feb 04
Hammerson plc to Report Fiscal Year 2021 Results on Mar 04, 2022 Hammerson plc announced that they will report fiscal year 2021 results on Mar 04, 2022 Tillkännagivande • Jan 22
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. 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 on December 14, 2021. Under the terms of agreement, consideration was paid in cash and a deposit of £40 million is currently being held in escrow. Hammerson has received £70 million as his share. The transaction is expected to complete in Q1 2022. The proceeds of these disposals will further strengthen the balance sheet by reducing net debt, ahead of reinvestment in flagship assets for growth. Bryan Cave Leighton Paisner LLP acted as legal advisor, brodies alvarez marsal acted as management consultant and Time Retail Partners acted as retail property consultant to Hammerson and Canada Pension Plan Investment Board.
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 on January 21, 2022. Recent Insider Transactions • Dec 23
Independent Non-Executive Director recently bought €62k worth of stock On the 17th of December, Habib Annous bought around 165k shares on-market at roughly €0.38 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €232k more in shares than they have sold in the last 12 months. Tillkännagivande • Dec 16
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. 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 on December 14, 2021. Under the terms of agreement, consideration was paid in cash and a deposit of £40 million is currently being held in escrow. Hammerson has received £70 million as his share. The transaction is expected to complete in Q1 2022. The proceeds of these disposals will further strengthen the balance sheet by reducing net debt, ahead of reinvestment in flagship assets for growth. Bryan Cave Leighton Paisner LLP acted as legal advisor, brodies alvarez marsal acted as management consultant and Time Retail Partners acted as retail property consultant to Hammerson and Canada Pension Plan Investment Board. Tillkännagivande • Nov 30
Hammerson in Talks to Sell Silverburn Shopping Center Hammerson plc (LSE:HMSO) said on November 29, 2021 it is in talks to potentially sell Silverburn, its shopping center near Glasgow, for around GBP 140 million ($186.7 million). The U.K.-based real-estate investment trust said disposals of noncore assets remains a near-term priority to strengthen its balance sheet, rebalance the portfolio and enable it to recycle capital for investment. Silverburn is held in a 50-50 joint venture with CPP Investment Board. Hammerson didn't specify who the discussions were with. There can be no certainty a transaction will take place, the company said. Breakeven Date Change • Sep 23
Forecast to breakeven in 2022 The 10 analysts covering Hammerson expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of UK£20.6m in 2022. Average annual earnings growth of 75% is required to achieve expected profit on schedule. Recent Insider Transactions • Aug 12
Independent Non-Executive Director recently bought €84k worth of stock On the 9th of August, Adam Metz bought around 200k shares on-market at roughly €0.42 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €3.8m more in shares than they have sold in the last 12 months. Breakeven Date Change • Aug 11
No longer forecast to breakeven The 10 analysts covering Hammerson no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of UK£59.4m in 2023. New consensus forecast suggests the company will make a loss of UK£59.0m in 2023. Executive Departure • May 07
Non-Executive Independent Director has left the company On the 4th of May, Pierre Bruno Bouchut's tenure as Non-Executive Independent Director ended after 6.2 years in the role. As of December 2020, Pierre Bruno personally held only 27.35k shares (€7.9k worth at the time). A total of 4 executives have left over the last 12 months. Executive Departure • Apr 28
CFO & Director has left the company On the 26th of April, James Lenton's tenure as CFO & Director ended after 1.6 years in the role. We don't have any record of a personal shareholding under James' name. A total of 3 executives have left over the last 12 months. Reported Earnings • Mar 31
Full year 2020 earnings released: UK£0.77 loss per share (vs UK£3.76 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: UK£254.5m (down 31% from FY 2019). Net loss: UK£1.73b (loss widened 201% from FY 2019). Net asset value (NAV) per share: €0.93 (down 86% from FY 2019). The current share price is 59% lower than NAV per share. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 12 percentage points per year, which is a significant difference in performance. Tillkännagivande • Mar 14
An unknown buyer acquired an unknown minority stake Brent South shopping in UK from Hammerson plc (LSE:HMSO) for £73 million. An unknown buyer acquired an unknown minority stake in Brent South shopping in UK from Hammerson plc (LSE:HMSO) for £73 million on March 12, 2021. In a related party transaction, Hammerson plc is selling two French joint ventures.
An unknown buyer completed the acquisition of an unknown minority stake Brent South shopping in UK from Hammerson plc (LSE:HMSO) on March 12, 2021. Reported Earnings • Mar 13
Full year 2020 earnings released: UK£0.77 loss per share (vs UK£3.76 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: UK£182.9m (down 51% from FY 2019). Net loss: UK£1.73b (loss widened 201% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 89% per year but the company’s share price has only fallen by 75% per year, which means it has not declined as severely as earnings. Tillkännagivande • Mar 13
Hammerson plc Announces Changes to Its Board Hammerson announced that Pierre Bouchut, Non-Executive Director and Chair of the Audit Committee has informed the Board that he will not stand for re-election at the 2021 Annual General Meeting. The Board has asked Mike Butterworth to succeed Pierre as Chair of the Audit Committee once Pierre stands down at the end of the Meeting. The Board also announces the appointment of Habib Annous as a Non-Executive Director with effect from 5th May 2021. Habib will become a member of the Audit, Nomination and Remuneration Committees. Habib brings 30 years' experience in investment management across a range of sectors. Most recently, he was a partner at Capital Group, an active investment management business with assets under management of over $2 trillion, from 2002 to 2020. Is New 90 Day High Low • Feb 26
New 90-day high: €0.29 The company is up 6.0% from its price of €0.27 on 27 November 2020. The German market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.27 per share. Tillkännagivande • Feb 16
Hammerson plc to Report Fiscal Year 2020 Results on Mar 12, 2021 Hammerson plc announced that they will report fiscal year 2020 results on Mar 12, 2021 Tillkännagivande • Jan 15
Hammerson plc Announces James Lenton Step Down from His Role as Chief Financial Officer Hammerson announced that James Lenton has informed the Board of his wish to step down from his role as Chief Financial Officer. The Board has commenced a search for his successor and James will continue as Chief Financial Officer and as an Executive Director of the Company until his successor has joined. Is New 90 Day High Low • Dec 28
New 90-day high: €0.29 The company is up 68% from its price of €0.17 on 29 September 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is down 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.46 per share. Tillkännagivande • Dec 23
Hammerson plc Announces Appointment of Mike Butterworth as Non-Executive Director and member of the Audit Committee, Effect from 1 January 2021 Hammerson plc announced the appointment of Mike Butterworth as a Non-Executive Director with effect from 1 January 2021. Mike will also become a member of the Audit Committee. Mike brings 25 years' experience in senior finance roles in FTSE 250, Small Cap and AIM businesses across a broad range of sectors including manufacturing, technology, communications, healthcare and beverages. He was CFO of Incepta Group, prior to its acquisition by Huntsworth in 2005, and then Cookson Group until its demerger in 2012. He also has extensive Board experience and is currently Non-Executive Director and Chair of the Audit Committee at Pressure Technologies Plc and at Stock Spirits Group Plc. A graduate of Oxford, Mike started his early career with Arthur Andersen. Tillkännagivande • Dec 21
Hammerson plc(LSE:HMSO) dropped from FTSE All-Small Index (GBP) Hammerson plc(LSE:HMSO) dropped from FTSE All-Small Index (GBP) Tillkännagivande • Nov 27
Hammerson plc Appoints Gregoire Peureux as Chief Operating Officer Hammerson plc announced the appointment of Gregoire Peureux to the newly created role of Chief Operating Officer. Gregoire will join the Group Executive Committee and will focus on the delivery of strategic initiatives at a Group level. Gregoire has more than 17 years of experience in the real estate industry. He joins Hammerson from Rove Capital Partners, a boutique real estate investment advisor, where he was a founding partner. He had previously worked at Ivanhoe Cambridge for over 13 years, initially as Chief Financial Officer for Europe, and subsequently acting Head of Europe, responsible for the investment, asset management, operations and finance activities for a diversified EUR 5 billion portfolio across the UK and Continental Europe. Gregoire spent his early career at KPMG, and holds an MSc from HEC Paris with a major in Finance. He graduated from Insead in 2019. He is fluent in both French and English. Tillkännagivande • Nov 03
APG Strategic Real Estate Pool NV managed by APG Asset Management NV completed the acquisition of remaining 50% stake in VIA Outlets from Hammerson plc (LSE:HMSO). APG Strategic Real Estate Pool NV managed by APG Asset Management NV agreed to acquire remaining 50% stake in VIA Outlets from Hammerson plc (LSE:HMSO) for approximately £270 million on August 6, 2020. The final consideration is subject to a number of customary balance sheet adjustments at completion. As part of the disposal, Hammerson has agreed to assign at par (for cash consideration) to APG Strategic Real Estate Pool NV managed by APG Asset Management NV at completion of the disposal a shareholder loan advanced by Hammerson to Zweibrücken Lux Holdco S.à r.l. For the year ended December 31, 2019, VIA Outlets reported operating profit of £54.4 million and revenues of £45.6 million. As on September 1, 2020, Robert Noel has joined the Board of the Hammerson plc and will succeed David Tyler as Non-Executive Chair from September 7, 2020.
Completion of the disposal is subject to a number of conditions including shareholder approval and obtaining merger control approvals in Germany, Spain and Portugal. The Directors are confident that APG Strategic Real Estate Pool NV managed by APG Asset Management NV will receive the necessary regulatory approvals for the Disposal in the first phase and without any requirement to give undertakings to any regulatory authority. The disposal is conditional on all resolutions, including the resolutions to approve the Rights Issue and Capital Reorganization, having been passed by shareholders at the General Meeting, and admission of the new shares to the official list becoming effective. As on September 1, 2020, Hammerson plc shareholder approved the acquisition. The transaction is expected to complete in complete in the fourth quarter of 2020. The proceeds will be used by Hammerson plc to reduce debt. the capital reorganization will be on September 1, 2020 (today) and the effective date for the capital reorganization will be September 2, 2020.
Amanda Howard,Kristy Duane, Preena Gandhi, Russell Hoare and Cheryl Gurnham of CMS acted as legal advisors for APG, CMS team was led by the London office and CMS Albiñana & Suárez de Lezo Madrid office provided cross-border advice with a Competition & EU department team led by partner Carlos Vérgez. J.P. Morgan Cazenove Limited, Morgan Stanley & Co. International plc and Lazard & Co., Limited acted as financial advisors while Alex Kay, Mike Flockhart, Tom O’Neill, Will Arrenberg, Steffen Hörner, Simon Chadney, Jake Jackaman, Sarah McNally, Susan Black and Don Rowlands of Herbert Smith Freehills acted as legal advisor to Hammerson. UBS Group AG acted a financial advisor to APG Asset Management NV. Matthew Shaxson of Ogier Legal Limited Partnership and CMS Cameron McKenna Nabarro Olswang LLP both acted as legal advisors to APG Asset Management NV. Derk Lemstra and IJsbrand van Straten of Stibbe acted as legal advisor to Hammerson.
APG Strategic Real Estate Pool NV managed by APG Asset Management NV completed the acquisition of remaining 50% stake in VIA Outlets from Hammerson plc (LSE:HMSO) on November 2, 2020. Tillkännagivande • Oct 15
Hammerson plc Appoints Rita-Rose Gagné as New Chief Executive Hammerson plc appointed Rita-Rose Gagné as new chief executive. Rita-Rose Gagné was most recently president of growth markets at Montrealbased real estate company Ivanhoé Cambridge where she had responsibility for £6 billion of assets across Asia Pacific and Latin America. She joined Ivanhoé Cambridge in 2006 and held a variety of roles including senior vice-president of legal affairs and executive vice-president of global strategy. Ms Gagné is also a lawyer and has worked in property markets across the world, including the UK, France and Germany. Tillkännagivande • Oct 06
Slate Asset Management L.P. acquired Abbey Retail Park in Belfast from Hammerson plc (LSE:HMSO) for £33 million. Slate Asset Management L.P. acquired Abbey Retail Park in Belfast from Hammerson plc (LSE:HMSO) on February 21, 2020. In a related transaction, Orion European Real Estate Fund V acquired seven retail park portfolio from Hammerson plc and in another transaction, Hammerson plc sold Parc Tawe in Swansea for a total of £55 million (€63.8 million). Morgan Stanley (NYSE:MS) acted as financial advisor while Herbert Smith Freehills LLP acted as legal advisor for Hammerson plc. Goodwin Procter acted as the legal advisor to Slate in the transaction.
Slate Asset Management L.P. completed the acquisition of Abbey Retail Park in Belfast from Hammerson plc (LSE:HMSO) for £33 million on February 21, 2020. Tillkännagivande • Sep 28
Hammerson plc has completed a Follow-on Equity Offering in the amount of £551.731399 million. Hammerson plc has completed a Follow-on Equity Offering in the amount of £551.731399 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,678,209,328
Price\Range: £0.15
Transaction Features: Regulation S; Rights Offering; Rule 144A Tillkännagivande • Jul 22
Hammerson plc to Report First Half, 2020 Results on Aug 06, 2020 Hammerson plc announced that they will report first half, 2020 results on Aug 06, 2020 
