25th Sep 2014 15:44
LONDON (Alliance News) - Hammerson PLC Thursday said a group of directors including Chief Executive David Atkins subscribed for placing shares at a price of 560 pence per share.
Details are as follows.
Director | Interest in Shares prior to acquisition | Number of Shares acquired | Total Shares held beneficially |
D J Atkins | 346,318 | 17,500 | 363,818 |
P W Cole | 258,959 | 12,948 | 271,907 |
N T Drakesmith | 208,108 | 11,000 | 219,108 |
J-P Mouton | 237,873 | 11,894 | 249,767 |
D Tyler | 20,000 | 2,000 | 22,000 |
Hammerson earlier Thursday said it raised GBP399.4 million in a share placing to fund the GBP180 million acquisition of the rest of the Highcross shopping centre in Leicester that it doesn't already own, a GBP100 million investment in a new outlet shopping centre venture, and GBP120 million to fund existing developments.
In a statement, the retail-focused real estate investment trust said it placed 71.3 million new shares, which is about 9.99% of its existing issued share capital, at 560 pence a share. It will now have 784.3 million shares in issue.
The stock closed down 3.7% at 563.00 pence Thursday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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