Hammerson plans up to £190 million share placing to fund Manchester Arndale stake purchase

PUBT · 2d ago
Hammerson plans up to £190 million share placing to fund Manchester Arndale stake purchase
  • Hammerson plans an equity issue of up to 10% of issued share capital, targeting about GBP 190 million.
  • Proceeds to help fund its GBP 218 million purchase of a 50% stake in Manchester Arndale, completed on July 29, 2026.
  • Equity issue combines a non-pre-emptive institutional placing, a UK retail offer via RetailBook, director subscriptions totaling about GBP 230,000.
  • Placing to be priced via an accelerated bookbuild; new shares to be issued at the placing price.
  • Transaction expected to lift FY26 EPRA EPS by more than 2% with about 1% net tangible asset dilution; HY26 pro forma LTV seen at about 36%.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hammerson plc published the original content used to generate this news brief via SENS, the regulatory disclosure system operated by the Johannesburg Securities Exchange (JSE) (Ref. ID: S524847), on July 30, 2026, and is solely responsible for the information contained therein.