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IN BRIEF: Lighthouse Properties trims stake in Hammerson

30th Nov 2023 10:14

Lighthouse Properties PLC - Mauritius-based property investor previously named Lighthouse Capital Ltd - Sells 98.1 million shares in Hammerson PLC for ZAR616.1 million. As at November 15, Lighthouse directly owned 363.6 million shares, or 7.3%, in Hammerson. Hammerson is a London-based property development and investment company. Lighthouse says its sale of Hammerson shares will allow it to pursue yield-accretive direct property acquisitions.

Current Lighthouse stock price in Johannesburg: ZAR6.00, up 2.6% on Thursday

12-month change: down 9.0%

Current Hammerson stock price in London: 27.08 pence, down 0.2%

12-month change: up 12%

Current Hammerson stock price in Johannesburg: ZAR6.46, up 0.5%

12-month change: up 29%

By Artwell Dlamini, Alliance News reporter

Comments and questions to [email protected]

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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