THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.
29 November 2021
Response to press speculation
Hammerson plc (the "Company") notes recent press speculation.
As highlighted at the Company's Half Year results in August, disposals of non-core assets remains a near-term priority to continue to strengthen the balance sheet, re-balance the portfolio and to enable the group to re-cycle capital for investment.
The Company confirms that it is in discussions on terms of a possible disposal of Silverburn, its flagship destination near Glasgow, which is held in a 50/50 JV with CPPIB.
There can be no certainty that a transaction will take place, but the Company confirms the pricing under discussion is £140m, which would represent a class 2 transaction. The Company will provide a further update in due course, if appropriate.
ENDS
This announcement has also been released on the SENS system of the Johannesburg Stock Exchange and on Euronext Dublin.
Company Secretariat responsible for RNS
Alice Darwall, Hammerson, General Counsel & Company Secretary
Tel: +44 207 887 4650 E: alice.darwall@hammerson.com
Investor Contact
Josh Warren, Hammerson, Director of Strategy & Investor Relations
Tel: +44 20 7887 1053 E: josh.warren@hammerson.com
Press Contacts
Catrin Sharp, Hammerson, Head of Corporate Communications
Tel: +44 20 7887 1063 E: catrin.sharp@hammerson.com
FTI Consulting (for Hammerson)
John Waples
Tel: +44 20 3727 1000/ 07717 814 520 E: john.waples@fticonsulting.com
Richard Gotla
Tel: +44 20 3727 1000/ 07904 122 207 E: richard.gotla@fticonsulting.com
Notes to Editors
Hammerson
Hammerson creates vibrant, continually evolving spaces, in and around thriving European cities, with a focus on flagship retail destinations and premium outlets. As at 30 June 2021, our portfolio of high-quality venues had a value of £5.5 billion and included 21 flagship destinations in thriving cities and investments in premium outlet villages through our partnership with Value Retail. Key retail venues include Bullring & Grand Central, Birmingham, Bicester Village, Oxfordshire, Dundrum Town Centre, Dublin, and Les Terrasses du Port, Marseille.
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