Hammerson PLC’s Share Buyback Program Continues with Recent Transactions

In a series of strategic moves, Hammerson PLC, a prominent player in the diversified real estate investment trust (REIT) sector, has been actively engaging in its share buyback program. This initiative, announced on October 16, 2024, aims to repurchase ordinary shares from the market, a move that has seen significant activity in recent weeks.

On July 15, 2025, Hammerson confirmed the cancellation of 212,197 ordinary shares, which were purchased and delivered to the company between July 7 and July 11, 2025. This action is part of the broader Share Buyback Programme, which has been executed through transactions with Morgan Stanley & Co. International plc. As a result of these transactions, the company’s issued share capital now stands at 484,301,989 ordinary shares, with 1,300,825 shares held in treasury. Consequently, the total number of voting rights in the company is 483,001,164.

Earlier in the day, on July 15, 2025, Hammerson announced another transaction under the same program. The company purchased 27,719 ordinary shares at prices ranging from 289.60 pence to 291.40 pence, with a volume-weighted average price of 290.84 pence per share. These shares, acquired on July 14, 2025, will also be canceled, further reducing the number of outstanding shares.

The previous day, on July 14, 2025, Hammerson reported the purchase of 48,145 ordinary shares from Morgan Stanley & Co. International plc. These shares were bought at prices between 287.20 pence and 289.80 pence, with a volume-weighted average price of 288.61 pence per share. Like the other transactions, these shares will be canceled upon purchase.

Hammerson’s share buyback program is a strategic effort to enhance shareholder value by reducing the number of outstanding shares, potentially increasing earnings per share and providing a buffer against market volatility. The company’s actions align with regulatory requirements, ensuring transparency and compliance with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rule 5.6.1A.

As of November 14, 2024, Hammerson’s close price was 280.6 GBP, with a 52-week high of 325 GBP and a low of 264.8 GBP. Despite a negative price-to-earnings ratio of -32.11, the company’s market capitalization stands at 1.4 billion GBP, reflecting its significant presence in the real estate sector.

Hammerson’s ongoing share buyback program underscores its commitment to optimizing capital structure and delivering value to its shareholders. As the program progresses, investors will closely monitor its impact on the company’s financial health and market performance.