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Hammerson PLC (HMNJ.J)

HMNJ.J on Johannesburg Stock Exchange

1,270.00ZAc
5 Aug 2020
Change (% chg)

-85.00 (-6.27%)
Prev Close
1,355.00
Open
1,333.00
Day's High
1,393.00
Day's Low
1,215.00
Volume
869,568
Avg. Vol
1,317,454
52-wk High
6,208.00
52-wk Low
899.00

Latest Key Developments (Source: Significant Developments)

Hammerson Gets Approval For Issue Of Up To £300 Mln Under Covid Corporate Financing Facility
Wednesday, 1 Jul 2020 

July 1 (Reuters) - Hammerson PLC ::HAMMERSON - RECEIVED APPROVAL FOR ISSUANCE OF UP TO £300M UNDER COVID CORPORATE FINANCING FACILITY.HAMMERSON - AS AT 29 JUNE 2020, COMPANY HAD COLLECTED 73% OF H1 2020 RENT IN UK, 53% IN FRANCE AND 72% IN IRELAND.HAMMERSON - TO FURTHER ENHANCE CASH RESERVES AN ADDITIONAL £300M HAS BEEN DRAWN ON ITS REVOLVING CREDIT FACILITIES.HAMMERSON - AS AT 29 JUNE 2020, COLLECTED 16% OF Q3 RENT IN UK, WHILE IT IS TOO EARLY TO COMMENT ON FRANCE AND IRELAND.HAMMERSON - CONFIDENT THAT COLLECTION RATES WILL CONTINUE TO IMPROVE MATERIALLY IN ALL REGIONS AS AGREEMENTS ARE PROGRESSED WITH BRANDS.  Full Article

Hammerson Says Flagship Destinations In England To Re-Open From 15 June
Monday, 1 Jun 2020 

June 1 (Reuters) - Hammerson PLC ::HAMMERSON - FLAGSHIP DESTINATIONS IN ENGLAND TO RE-OPEN FROM 15 JUNE, IN LINE WITH GUIDANCE FROM UK GOVERNMENT.HAMMERSON - IN IRELAND, THERE WILL BE PHASED RE-OPENING OF STORES, BEGINNING WITH SMALL RETAIL OUTLETS.HAMMERSON PLC - FLAGSHIP DESTINATIONS IN SCOTLAND ARE CURRENTLY CLOSED, WITH EXCEPTION OF ESSENTIAL STORES.  Full Article

Hammerson Says David Atkins To Step Down As CEO
Wednesday, 27 May 2020 

May 27 (Reuters) - Hammerson PLC ::CEO SUCCESSION PLANNING.DAVID ATKINS HAS DECIDED TO STEP DOWN AS CHIEF EXECUTIVE OF HAMMERSON PLC.ATKINS WILL REMAIN IN POSITION UNTIL SPRING 2021 AT LATEST, WHILE BOARD CONDUCTS A SEARCH FOR HIS SUCCESSOR.  Full Article

Hammerson Says Orion Does Not Intend To Complete Retail Parks Portfolio Acquisition On April 23
Thursday, 23 Apr 2020 

April 23 (Reuters) - Hammerson Plc ::HAMMERSON PLC - UPDATE ON DISPOSAL OF RETAIL PARKS PORTFOLIO.HAMMERSON PLC - ORION HAS NOTIFIED HAMMERSON THAT IT DOES NOT INTEND TO COMPLETE TRANSACTION ON 23 APRIL AS IT IS OBLIGED TO DO UNDER TERMS OF SPA.HAMMERSON - CO REMAINS READY AND ABLE TO COMPLY WITH ITS COMPLETION OBLIGATIONS UNDER SPA, AND IS IN DIALOGUE WITH ITS COUNTERPARTIES AT ORION.HAMMERSON PLC - IF COMPLETION OF DEAL DOES NOT OCCUR BY 23 APRIL 2020 HAMMERSON WILL TAKE STEPS TO TERMINATE SPA.HAMMERSON - UPDATES ON CONTRACTS ON SALE OF A PORTFOLIO OF 7 RETAIL PARKS TO ORION EUROPEAN REAL ESTATE FUND V FOR HEADLINE PRICE OF £400 MILLION.  Full Article

Hammerson Scraps Final Dividend, Suspend Previous Forecast
Monday, 30 Mar 2020 

March 30 (Reuters) - Hammerson PLC ::JSE: HMN - COVID-19 UPDATE.HAMMERSON PLC - BOARD REMAINS CONFIDENT IN FINANCIAL POSITION OF BUSINESS.HAMMERSON PLC - ACROSS UK RETAIL PORTFOLIO, PROPERTIES AND STORES HAVE BEEN SHUT IN LINE WITH UK GOVERNMENT ADVICE SINCE 24 MARCH.HAMMERSON PLC - COVID-19 WILL HAVE A MATERIAL IMPACT ON GROUP IN 2020.HAMMERSON PLC - RESOLUTION RELATING TO PROPOSED 2019 FINAL DIVIDEND WILL CONSEQUENTLY NOT BE PUT TO A SHAREHOLDER VOTE AT AGM ON 28 APRIL..HAMMERSON PLC - BOARD IS ALSO RETRACTING ITS DIVIDEND GUIDANCE FOR 2020.HAMMERSON - DECIDED THAT IT IS NO LONGER APPROPRIATE TO RECOMMEND FINAL DIVIDEND OF 14.8 PENCE PER SHARE FOR FY.HAMMERSON PLC - ARE SUSPENDING ALL PREVIOUS GUIDANCE.HAMMERSON - OFFERED TEMPORARY MONTHLY RENT ARRANGEMENTS WITH ALL BRANDS IN HAMMERSON FRANCE FLAGSHIP PORTFOLIO, AHEAD OF QUARTER DAY ON 1 APRIL.HAMMERSON - IT IS NOT POSSIBLE AT THIS STAGE TO QUANTIFY IMPACT OF ONGOING DISRUPTION CAUSED BY COVID-19 ON PREMIUM OUTLETS.  Full Article

Hammerson FY Adjusted Profit £214.0 mln Versus £240.3 mln
Tuesday, 25 Feb 2020 

Feb 25 (Reuters) - Hammerson PLC ::FINAL 2019 DIVIDEND OF 14.8P AND FULL YEAR 2019 DIVIDEND OF 25.9P, IN LINE WITH 2018.EXPECTS TO RECOMMEND A FULL YEAR DIVIDEND OF 14.0P FOR 2020.FY GROUP OCCUPANCY AT 97.2% (FY2018: 97.2%).FY NET RENTAL INCOME £308.5M VERSUS £347.5M.FY ADJUSTED PROFIT £214.0M VERSUS £240.3M.WITH OUTLOOK FOR UK RETAIL MARKET REMAINING UNCERTAIN, WE BELIEVE WE SHOULD MAINTAIN OUR FOCUS ON REDUCING DEBT DURING 2020.FY EPRA NET ASSET VALUE PER SHARE £6.01 VERSUS £7.38.  Full Article

Hammerson Disposes Of Retail Parks Portfolio For 400 Mln Stg
Friday, 21 Feb 2020 

Feb 21 (Reuters) - Hammerson Plc ::HAMMERSON DISPOSES OF RETAIL PARKS PORTFOLIO.DEAL FOR A HEADLINE PRICE OF 400 MLN STG WITH EXPECTED NET PROCEEDS OF 395 MLN STG.EXCHANGED UNCONDITIONAL CONTRACTS ON SALE OF A PORTFOLIO OF SEVEN RETAIL PARKS TO ORION EUROPEAN REAL ESTATE FUND V.SEPARATELY, PARC TAWE, SWANSEA AND ABBEY RETAIL PARK, BELFAST HAVE BEEN SOLD INDIVIDUALLY GENERATING PROCEEDS TOTALLING 55 MLN STG.  Full Article

Elliott Capital Advisors Discloses Below 5% Stake In Hammerson - Filing
Monday, 30 Dec 2019 

Dec 30 (Reuters) - :ELLIOTT CAPITAL ADVISORS L.P. DISCLOSES BELOW 5% STAKE IN HAMMERSON AS OF DEC. 23 VERSUS PRIOR STAKE OF 5.2681% - FILING.  Full Article

Hammerson Announces Completion Of Sale Of 75% Stake In Italie Deux
Thursday, 12 Dec 2019 

Dec 12 (Reuters) - Hammerson PLC ::COMPLETION OF SALE OF 75% STAKE IN ITALIE DEUX.PARISIAN SHOPPING DESTINATION ITALIE DEUX HAS BEEN SOLD TO AXA INVESTMENT MANAGERS - REAL ASSETS FOR EUR 430M (£362M).TRANSACTION REPRESENTED A NET INITIAL YIELD OF 4.1% ON ITALIE DEUX. TOTAL SALE PRICE REFLECTS AN 8.5% DISCOUNT TO DECEMBER 2018 BOOK VALUE AND IS MARGINALLY BELOW END OF JUNE 2019 BOOK VALUE..  Full Article

Hammerson Secures Planning For Residential Development In Dublin
Monday, 9 Dec 2019 

Dec 9 (Reuters) - Hammerson PLC ::HAMMERSON - FOR DUNDRUM PARTNERSHIP, HAS RECEIVED PLANNING APPROVAL FOR 107 NEW APARTMENTS AT DUNDRUM TOWN CENTRE IN SOUTH COUNTY DUBLIN.HAMMERSON PLC - INTENDED THAT CONSTRUCTION WORKS FOR PROPOSED DEVELOPMENT WILL BEGIN IN 2020.  Full Article

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Mall operator Hammerson plans rights issue and disposal to ride out crisis

Debt-laden British Mall operator Hammerson is drawing up plans for a possible rights issue and is in advanced talks on the sale of its stake in discount shopping outlets joint venture to help it through the coronavirus crisis, it said on Monday.