Hammerson PLC Notification of Share Repurchase Programme
12 Marzo 2024 - 11:45AM
RNS Regulatory News
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
Richard Crowle
Senior Assistant Company
Secretary
Tel: +44 20 7887 1000
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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END
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