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Hammerson plc Post-Transaction Report (August 2026)
| Topic | Details
| Topic | Details |
|---|---|
| Name of issuer | Hammerson plc |
| Transaction details | In aggregate, the Placing of 52,098,942 ordinary shares represents approximately 9.8% of the Company's issued ordinary share capital. The Placing, Retail Offer and Subscription in aggregate represent c.10% of the current issued share capital of the Company. It is expected that settlement of subscriptions in respect of the New Ordinary Shares (subject to Admission becoming effective), and trading in the New Ordinary Shares on the London Stock Exchange, Euronext Dublin and the JSE will commence at 8.00 a.m. (London time) / 9.00 a.m. (Johannesburg time) on 4 August 2026. |
| Use of proceeds | The net proceeds of the Placing, Retail Offer and Subscription will be used to part-fund a portion of the consideration for the proposed acquisition by the Group of a 50% interest in Manchester Arndale and other transaction-related costs. |
| Quantum of proceeds | In aggregate, the Placing, Retail Offer and Subscription will raise gross proceeds of approximately £189 million and net proceeds of approximately £185 million. |
| Discount | The Placing Price of 355 pence represents a discount of 3.8 per cent. to the closing price on 29 July 2026, which was 369 pence. |
| Allocations | Soft pre-emption has been adhered to in the allocations process, where possible. Management was involved in the allocations process, which has been carried out in compliance with the MIFID II allocation requirements. Allocations made outside of soft pre-emption were preferentially directed towards existing shareholders in excess of their pro rata interests and wall-crossed accounts. |
| Consultation | Prior to launch of the Placing, the Banks undertook a pre-launch wall-crossing process, including consultation with major shareholders, to the extent reasonably practicable and permitted by law. |
| Retail investors | Following discussions between the Banks and the Company, the separate Retail Offer was made available to eligible retail investors in the United Kingdom via RetailBook, for a total of 1,000,000 Retail Offer Shares. Retail investors who participated in the Retail Offer were able to do so at the same Placing Price as all other investors participating in the Placing and the Director Subscription. Investors were able to participate through RetailBook's partner network of retail brokers, wealth managers and investment platforms. As such, to the extent practicable on the transaction timetable, eligible UK retail investors (including certificated retail shareholders) had the opportunity to participate in the Retail Offer alongside institutional investors. Allocations in the Retail Offer were preferentially directed towards existing shareholders in keeping with the principle of soft pre-emption. In addition, 3 directors of the Company agreed to subscribe for Subscription Shares pursuant to the Subscription. |