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Hammerson PLC (HMNJ.J)

HMNJ.J on Johannesburg Stock Exchange

4,215.00ZAc
23 Aug 2019
Change (% chg)

145.00 (+3.56%)
Prev Close
4,070.00
Open
4,143.00
Day's High
4,291.00
Day's Low
4,143.00
Volume
578,164
Avg. Vol
688,967
52-wk High
9,200.00
52-wk Low
3,559.00

Latest Key Developments (Source: Significant Developments)

Shopping Centre Operator Hammerson Appoints James Lentom CFO
Wednesday, 21 Aug 2019 

Aug 21 (Reuters) - Hammerson PLC ::APPOINTMENT OF CHIEF FINANCIAL OFFICER.APPOINTMENT OF JAMES LENTON AS CHIEF FINANCIAL OFFICER AND EXECUTIVE DIRECTOR.JAMES WILL BECOME AN EXECUTIVE DIRECTOR ON JOINING CO ON 16 SEPT 2019 AND WILL TAKE OVER ROLE OF CFO WITH EFFECT FROM 1 OCTOBER 2019.JAMES SUCCEEDS TIMON DRAKESMITH, CURRENT CFO AND MANAGING DIRECTOR.TIMON WILL STEP DOWN AS AN EXECUTIVE DIRECTOR AND CFO ON 1 OCTOBER 2019 AND LEAVE ON 15 NOVEMBER 2019.  Full Article

Hammerson Says HY Net Rental Income Falls To £156.6 Mln
Monday, 29 Jul 2019 

July 29 (Reuters) - Hammerson PLC ::HY NET RENTAL INCOME £156.6M VERSUS £178.5M AS REPORTED LAST YEAR.HY ADJUSTED PROFIT £107.4M VERSUS £120.0M.INTERIM DIVIDEND PER SHARE 11.1P.HY EPRA NET ASSET VALUE PER SHARE £6.85 VERSUS £7.38.TENANT RESTRUCTURING: UK FLAGSHIP LFL NRI IMPACT OF NEGATIVE 1.8% IN H1 2019.  Full Article

Hammerson Says Declared An Interim Dividend Of 11.1 Pence Per Share
Monday, 29 Jul 2019 

July 29 (Reuters) - Hammerson PLC ::DIVIDEND DECLARATION.BOARD OF DIRECTORS OF COMPANY HAS DECLARED AN INTERIM DIVIDEND OF 11.1 PENCE PER SHARE FOR SIX MONTH PERIOD ENDED 30 JUNE 2019..  Full Article

Hammerson Sells Major Stake In Italie Deux For 423 Mln Stg
Monday, 29 Jul 2019 

July 29 (Reuters) - Hammerson PLC ::HAMMERSON SELLS MAJOR STAKE IN ITALIE DEUX FOR £423M.DISPOSAL REFLECTS A 4.1% NET INITIAL YIELD ON ITALIE DEUX.TOTAL SALE PRICE REPRESENTS A 8.5% DISCOUNT TO DECEMBER 2018 BOOK VALUE AND MARGINALLY BELOW END OF JUNE 2019 BOOK VALUE.SALE OF A 75% STAKE IN PARISIAN SHOPPING DESTINATION ITALIE DEUX, AND FORWARD SALE OF 75% OF ITALIK EXTENSION FOR A TOTAL OF £423M.WILL COMPLETE ITALIK EXTENSION, WITH A PROJECTED COST TO COMPLETE OF £18M AS AT 30TH JUNE 2019.ITALIE DEUX ELEMENT OF TRANSACTION IS EXPECTED COMPLETE IN AUTUMN 2019 AND PROCEEDS WILL BE USED TO REDUCE DEBT.  Full Article

Hammerson Chief Financial Officer Timon Drakesmith To Step Down
Tuesday, 21 May 2019 

May 21 (Reuters) - Hammerson PLC ::HAMMERSON PLC - BOARD CHANGE.HAMMERSON PLC - AFTER EIGHT YEARS AS CHIEF FINANCIAL OFFICER, TIMON DRAKESMITH HAS TENDERED HIS RESIGNATION FROM COMPANY.HAMMERSON PLC - TIMON WILL CONTINUE TO BE A MEMBER OF BOARD UNTIL HE LEAVES LATER IN 2019.HAMMERSON PLC - WILL NOW BEGIN PROCESS TO APPOINT A SUCCESSOR.  Full Article

JP Morgan & Affiliates Disclose 5.18 Pct Stake In Hammerson As Of March 1 - Filing
Wednesday, 6 Mar 2019 

March 6 (Reuters) - Hammerson PLC ::JP MORGAN & AFFILIATES DISCLOSE 5.18 PERCENT STAKE IN HAMMERSON AS OF MARCH 1 - FILING.  Full Article

Elliott Welcomes Hammerson's Decision To Search For Additional Non-Exec. Directors
Monday, 25 Feb 2019 

Feb 25 (Reuters) - Elliott Advisors (UK) Ltd::ELLIOTT STATEMENT ON HAMMERSON.WELCOMES HAMMERSON BOARD'S DECISION TO SEARCH FOR TWO ADDITIONAL INDEPENDENT NON-EXECUTIVE DIRECTORS.WELCOMES HAMMERSON BOARD'S DECISION TO FORM NEW INVESTMENT AND DISPOSALS COMMITTEE.HAMMERSON'S UPDATED TARGETS FOR 2019, CURRENT PIPELINE OF POTENTIAL SALES OF OVER £900 MILLION, SIGNALS "POSITIVE DEVELOPMENT".  Full Article

Hammerson To Form Investment & Disposal Committee; Enters Agreement With Elliott
Monday, 25 Feb 2019 

Feb 25 (Reuters) - Hammerson PLC ::FINAL RESULTS.A PORTFOLIO-WIDE REVIEW TO ACCELERATE TRANSACTIONS HAS IDENTIFIED ADDITIONAL DISPOSAL OPPORTUNITIES.2019 DISPOSAL TARGET IN EXCESS OF £500M.IN ACTIVE DISCUSSIONS ON TRANSACTIONS WITH A TOTAL VALUE OF OVER £900M.DECIDED TO ESTABLISH AN INVESTMENT AND DISPOSAL COMMITTEE.INVESTMENT AND DISPOSAL COMMITTEE WILL BE CHAIRED BY ANDREW FORMICA.INVESTMENT AND DISPOSAL COMMITTEE TI HAVE 3 OTHER MEMBERS PIERRE BOUCHUT & 2 OTHER NON-EXECUTIVE DIRECTORS THAT BOARD WILL APPOINT IN 2019.FY NET RENTAL INCOME £347.5M VERSUS £370.4M REPORTED A YEAR EARLIER.2018 WAS A TOUGH YEAR PARTICULARLY IN UK.TENANT FAILURES, STRUCTURAL SHIFT IN RETAIL, A MORE CONSIDERED CONSUMER CREATED DIFFICULT OPERATING ENVIRONMENT.FY GROUP'S ADJUSTED PROFIT FOR 2018 WAS £240.3 MILLION, £6.0 MILLION, OR 2.4% LOWER THAN IN 2017.FINAL 2018 DIVIDEND MAINTAINED AT 14.8P PER SHARE.OUTSIDE OF UK CO'S DESTINATIONS PERFORMED BETTER WITH A STRONG CONTRIBUTION FROM PREMIUM OUTLETS.ENTERED INTO A RELATIONSHIP AGREEMENT WITH ELLIOTT ADVISORS.ELLIOTT HAS CONFIRMED ITS SUPPORT FOR COMPANY'S ACCELERATED DISPOSAL PROGRAMME.ELLIOTT HAS CONFIRMED SUPPORT FOR CO'S DECISION TO EXPAND BOARD AND ESTABLISH A BOARD INVESTMENT AND DISPOSALS COMMITTEE.RELATIONSHIP AGREEMENT WITH ELLIOTT ADVISORS CONTAINS CERTAIN VOTING AND GOVERNANCE TERMS.AGREEMENT CONTAINS TERMS INCLUDING COMMITMENT THAT ELLIOTT WILL VOTE IN FAVOUR OF ORDINARY COURSE RESOLUTIONS RECOMMENDED BY BOARD.  Full Article

Hammerson Says Terry Will Step Down As A Non-Executive Director
Friday, 25 Jan 2019 

Jan 25 (Reuters) - Hammerson PLC ::BOARD OF COMPANY AND TERRY HAVE MUTUALLY AGREED THAT WITH IMMEDIATE EFFECT TERRY WILL STEP DOWN AS A NON-EXECUTIVE DIRECTOR.GWYN BURR HAS BEEN APPOINTED TO ACT AS COMPANY'S NEW SENIOR INDEPENDENT DIRECTOR WITH IMMEDIATE EFFECT.  Full Article

Hammerson Says FY Financial Performance To Be In-line With Market Expectations
Wednesday, 2 Jan 2019 

Jan 2 (Reuters) - Hammerson PLC ::HAMMERSON PLC - SHARE BUYBACK PROGRAMME UPDATE.HAMMERSON PLC - CONFIRMS THAT ITS FINANCIAL PERFORMANCE FOR YEAR ENDING 31 DECEMBER 2018 IS ANTICIPATED TO BE IN LINE WITH MARKET EXPECTATIONS.  Full Article

Hammerson names AIG exec as new finance chief

Shopping centre operator Hammerson Plc on Wednesday appointed AIG executive James Lenton as its new finance chief, months after saying Timon Drakesmith would step down from the role this year.