Results of Bondholder Meeting

RNS Number : 6084D

Hammerson PLC

04 December 2009

 



HAMMERSON PLC
4 December 2009

STOCK EXCHANGE ANNOUNCEMENT

Results of Bondholder Meetings

HAMMERSON PLC

Result of the meetings of the holders of the £250,000,000 6.875 per cent. Bonds due 2020, the holders of the £300,000,000 6 per cent. Bonds due 2026, and the holders of the £200,000,000 7.25 per cent. Bonds due 2028 (together, the "Bonds") held on 4 December 2009 for the proposed modification of certain provisions of the Bonds.

Pursuant to meetings of the holders of the Bonds (the "Meeting") held at the offices of Herbert Smith LLP, Exchange House, Primrose Street, London EC2A 2HS, the three extraordinary resolutions set out in the respective notices to holders each dated 5 November 2009 (the "Extraordinary Resolutions") were passed.

Pursuant to the Extraordinary Resolutions, Hammerson plc and the trustee for the holders of the Bonds have executed supplemental trust deeds amending the terms and conditions of the Bonds to provide that the accounting principles used in connection with the calculation of Hammerson Plc's compliance with the financial covenants contained in the Bonds will be the same as those used in the latest consolidated balance sheet.

Any Early Response Fee and Late Response Fee (both as defined in the Proposal Memorandum dated 5 November 2009) due to be paid to the holders of the Bonds shall be paid on 18 December 2009.

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Requests for further information should be directed to:

Hammerson plc 10 Grosvenor Street London W1K 4BJ Tel: [phone] Attn: Duncan Beardsley

 

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