Hammerson plc lists on Euronext Dublin

Back

  • Market capitalisation of £963.6 million
  • Hammerson plc completes secondary listing on Euronext, underlining the importance and scale of its European operations and investor base
  • Hammerson joins the Euronext real estate franchise of 115 issuers with a combined market capitalisation of over €94 billion as of 23 December 2020

 

Dublin – 23 December 2020 – Euronext today congratulates Hammerson, a UK-based real estate investment trust, on its dual listing on Euronext’s regulated market in Dublin (ticker code: HMSO).

Already listed on the London Stock Exchange, Hammerson completed its dual listing on Euronext Dublin today. The Company owns and manages flagship destinations valued as at 30 June 2020 at £1.2bn in France and £0.8bn in Ireland in addition to significant City Quarters development opportunities in Dublin.  Alongside its directly managed portfolio, Hammerson also has exposure to Value Retail premium outlet destinations outside of the UK including La Valleé in Paris, La Roca in Barcelona, and Kildare Village in Ireland.

Hammerson was listed through the admission to trading of the 4,057,298,174 shares on Euronext Dublin. The reference price of Hammerson shares was £0.2375 per share, based on the closing price of its shares listed on the main market of the London Stock Exchange. Market capitalisation of the ordinary shares was approximately £963.6 million on the day of listing.

During the virtual bell ceremony, Mark Bourgeois, Managing Director UK & Ireland, Hammerson, said: “We are delighted to be joining Euronext Dublin. This secondary listing recognises the importance and scale of our investor base and operations in Continental Europe and the Republic of Ireland. Around 27% of our share capital is held by investors in the European Economic area, so this listing enables us to maintain an efficient holding structure across our portfolio and guarantees an EU equivalent trading venue for Hammerson shares."

Euronext is home to 115 REITs and Real Estate companies with an aggregated market capitalisation in excess of €94 billion. We are thrilled to assist in the development of the Real Estate franchise as it continues to grow with Hammerson being the 13th new issuer in this sector welcomed on Euronext markets year-to-date.

Hammerson

Caption: Mark Bourgeois, Managing Director UK & Ireland, and his team rang the bell virtually this morning to celebrate the dual listing of Hammerson. Click here to access the remote bell ceremony.

 

About Hammerson

Hammerson create vibrant, continually evolving spaces, in and around thriving European cities, with a focus on flagship retail destinations and Premium Outlets. As of 30 June 2020, their portfolio of high-quality venues had a value of £7.7 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. 

 

CONTACTS HAMMERSON Bryn Woodward, Media Relations Manager     +44 207 887 1083      catrin.sharp@hammerson.com

CONTACTS media – mediateam@euronext.com Shannon Sweeney (Dublin):                                           +353 1 617 4249               ssweeney@euronext.com

Press Release Footer

About Euronext
Euronext is the leading pan-European market infrastructure, connecting local economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, The Netherlands, Norway and Portugal. With close to 1,500 listed issuers worth €4.5 trillion in market capitalisation as of end December 2020, it has an unmatched blue chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates Euronext Growth® and Euronext Access®, simplifying access to listing for SMEs. Euronext provides custody and settlement services through central securities depositories in Denmark, Norway and Portugal.
For the latest news, find us on Twitter (twitter.com/euronext) and LinkedIn (linkedin.com/euronext).

Disclaimer
This press release is for information purposes only and is not a recommendation to engage in investment activities. This press release is provided “as is” without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext.

This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is located at www.euronext.com/terms-use.

© 2021, Euronext N.V. - All rights reserved.