Holding(s) in Company

RNS Number : 0452X

Hammerson PLC

25 August 2015

 

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Hammerson plc

2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments		YES
An event changing the breakdown of voting rights
Other (please specify):

3. Full name of person(s) subject to the notification obligation:	Rockcastle Global Real Estate Company Limited
4. Full name of shareholder(s) (if different from 3.):
5. Date of the transaction and date on which the threshold is crossed or reached:	24 August 2015
6. Date on which issuer notified:	25 August 2015
7. Threshold(s) that is/are crossed or reached:	5%

8. Notified details:
A: Voting rights attached to shares
Class/type of shares if possible using the ISIN CODE	Situation previous to the triggering transaction		Resulting situation after the triggering transaction
	Number of Shares	Number of Voting Rights	Number of shares	Number of voting rights		% of  voting rights
			Direct	Direct	Indirect	Direct	Indirect
N/A

B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument	Expiration date	Exercise/ Conversion Period	Number of voting rights that may be acquired if the instrument is exercised/ converted.	% of voting rights
N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument	Exercise price	Expiration date	Exercise/ Conversion period	Number of voting rights instrument refers to	% of voting rights
Cash settled equity swap with full economic effect for Rockcastle Global Real Estate Company Limited (parent company i.e. no subsidiary has an economic interest)	624.245	Monthly cash settlement with renewal of instrument but no formal expiry		39,300,000	Nominal	Delta
					5.011%

Total (A+B+C)
Number of voting rights	Percentage of voting rights
39,300,000	5.011%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

N/A

Proxy Voting:
10. Name of the proxy holder:	N/A
11. Number of voting rights proxy holder will cease to hold:	N/A
12. Date on which proxy holder will cease to hold voting rights:	N/A

13. Additional information:	Rockcastle Global Real Estate Company Limited ("Rockcastle parent company") has a long economic interest in Hammerson plc through an equity swap product held with its prime brokers.  The interest is now borne completely by the Rockcastle parent company and no subsidiary has any economic interest.
14. Contact name:	Sarah Booth
15. Contact telephone number:	020 7887 1000

 

END

 

 

HOLLLFLSTEIEFIE