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Hammerson plc Executes Share Buyback Programme to Strengthen Market Position

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Hammerson plc Executes Share Buyback Programme to Strengthen Market Position

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Hammerson plc R.E.I.T. ( (GB:HMSO) ) just unveiled an announcement.

Hammerson plc, a real estate investment trust, has announced a purchase of 68,843 of its own shares as part of a share buyback programme initiated in October 2024. The shares were acquired at prices ranging from 286.40 to 294.40 pence per share, with an average price of 289.29 pence. The company plans to cancel these shares, which is part of a larger programme that has seen the acquisition of 8,770,764 shares since its inception. This move reflects Hammerson’s strategic focus on optimizing its capital structure, potentially enhancing shareholder value and strengthening its market position.

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

YTD Price Performance: 2.36%

Average Trading Volume: 985,413

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £1.4B

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

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