Share capital reduction confirmationSource: RNS
Hammerson plc (the 'Company')
Share capital reduction confirmation
23 November 2022
Hammerson plc announces that the cancellation of its capital redemption reserve (the 'Capital Reduction'), which was approved by shareholders at the general meeting of the Company held on 25 October 2022, was yesterday sanctioned by the High Court of England and Wales (the 'High Court'). The effect of the Capital Reduction is to increase distributable reserves.
The order of the High Court confirming the Capital Reduction, and the statement of capital approved by the High Court in connection with the same, were delivered to the Registrar of Companies today. The Capital Reduction will become effective upon the registration of the Court order by the Registrar of Companies, which is expected to take place shortly.
The Company confirms that, following the Capital Reduction, the issued share capital of the Company remains at 5,002,265,607 ordinary shares of 5 pence each. The Company currently holds 7,691,247 in treasury. The total number of voting rights in the Company therefore remains 4,994,574,360.
For further information contact:
Assistant Company Secretary
Tel: +44 (0)20 7887 1000
The announcement above has also been released on the SENS system of the Johannesburg Stock Exchange and on Euronext Dublin.