April 11 (Reuters) - Hammerson Plc :
* RECEIVED A REVISED PROPOSAL FROM KLÉPIERRE RELATING TO A POSSIBLE ACQUISITION OF ENTIRE ISSUED AND TO BE ISSUED SHARE CAPITAL OF HAMMERSON
* REVISED PROPOSAL IS 635 PENCE PER HAMMERSON SHARE, COMPRISING 50% IN NEW KLÉPIERRE SHARES AND 50% IN CASH.
* BOARD REMAINS OPEN TO DISCUSS ANY PROPOSAL FROM KLÉPIERRE WHICH PROPERLY REFLECTS VALUE OF COMPANY
* PROPOSAL AT 635P, IS ONLY A 3% INCREASE ON PREVIOUS PROPOSAL AND CONTINUES VERY SIGNIFICANTLY TO UNDERVALUE COMPANY
* THERE CAN BE NO CERTAINTY OF A FIRM OFFER FOR HAMMERSON FROM KLÉPIERRE OR TERMS ON WHICH ANY FIRM OFFER MIGHT BE MADE Source text: Further company coverage: (Reuters.Briefs@thomsonreuters.com)