Hammerson secures SARB approval for share placing

Published 08/08/2025, 15:22
Hammerson secures SARB approval for share placing

LONDON - Hammerson (LON:HMSO) PLC announced Friday that it has received approval from the Financial Surveillance Department of the South African Reserve Bank for its recent share placing.

The approval relates to the non-pre-emptive placing of 48,253,994 ordinary shares of 5 pence each that was announced on July 31, 2025. The company will now proceed with applications for listing these shares across multiple exchanges.

For the 16,173,604 shares placed with South African Qualifying Investors, Hammerson will apply for admission to the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange (LON:LSEG)’s main market. These shares will also be submitted for listing on the Official List of Euronext (EPA:ENX) Dublin and for trading on its main market.

Additionally, the company will seek admission for all the placing shares to be listed and traded as a secondary inward listing on the Main Board of the JSE Limited.

Hammerson indicated that these applications will be processed "as soon as reasonably practicable," according to the press release statement.

The announcement has also been released on the SENS system of the Johannesburg Stock Exchange and on Euronext Dublin.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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