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Hammerson plc Advances Share Buyback Initiative
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Hammerson plc Advances Share Buyback Initiative

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Hammerson plc R.E.I.T. ( (GB:HMSO) ) has provided an update.

Hammerson plc has executed a share buyback program, purchasing 70,344 of its ordinary shares from Morgan Stanley & Co. International plc at a volume-weighted average price of 284.31 pence. The company intends to cancel these shares, part of a larger initiative since October 2024, where a total of 7,861,487 ordinary shares have been repurchased, highlighting a strategic move to consolidate shares and potentially enhance shareholder value.

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

Hammerson plc is a real estate investment trust (REIT) that engages in owning, managing, and developing retail properties. The company focuses on investing in prime destinations in the UK, Ireland, and France, catering predominantly to retail and leisure sectors.

YTD Price Performance: 1.86%

Average Trading Volume: 1,037,553

Technical Sentiment Consensus Rating: Hold

Current Market Cap: £1.39B

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

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