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Hammerson Executes Share Buyback to Enhance Value

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Hammerson Executes Share Buyback to Enhance Value

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Hammerson plc R.E.I.T. ( (GB:HMSO) ) has issued an announcement.

Hammerson plc has executed a share buyback transaction as part of its share buyback programme initially announced on 16 October 2024. On 31 January 2025, the company purchased 70,553 of its ordinary shares from Morgan Stanley & Co. International plc at prices between 280.60 and 285.00 pence per share, with a volume-weighted average price of 283.20 pence. The acquired shares will be cancelled, contributing to a total of 8,429,881 shares repurchased since the start of the programme. This strategic move may impact the company’s share value and offer potential benefits to its stakeholders by reducing the number of shares in circulation.

More about Hammerson plc R.E.I.T.

Hammerson plc is a Real Estate Investment Trust (REIT) that focuses on investing in and managing prime retail properties. The company operates in the real estate industry, primarily dealing with the acquisition and management of high-quality shopping centers across various markets.

YTD Price Performance: 2.00%

Average Trading Volume: 1,003,471

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £1.39B

For detailed information about HMSO stock, go to TipRanks’ Stock Analysis page.

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