Hammerson PLC Share buyback programme update (8609L)

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RNS Number : 8609L

Hammerson PLC

02 January 2019

Hammerson plc (the "Company")

Share buyback programme update

2 January 2019

Hammerson announces that the Company's share buyback programme will be paused prior to publication of results for the year ending 31 December 2018, during the closed period.

As part of Hammerson's reshaped strategy announced on 24 July 2018, up to GBP300 million of share buybacks was targeted over the twelve month period to July 2019 and as at 31 December, a total of GBP129 million or 43% of the target has been executed.

The Company confirms that its financial performance for the year ending 31 December 2018 is anticipated to be in line with market expectations and it will provide an update on capital allocation as part of the Full Year Results in February 2019.

Hammerson plc

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The announcement above has also been released on the SENS system of the Johannesburg Stock Exchange.

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January 02, 2019 02:00 ET (07:00 GMT)