26th Sep 2008 09:18
For Immediate release - Friday 26 September 2008
Ontario Teachers' Pension Plan Stake in Hammerson
Ontario Teachers' Pension Plan ("Ontario Teachers") has informed Hammerson plc that its total holding in the equity of Hammerson has increased to 8,950,000 ordinary shares, representing approximately 3.1% of the issued ordinary share capital of the Company.
Ontario Teachers has also advised that it holds an additional economic exposure to 20,250,000 ordinary shares of Hammerson, representing approximately 7.0% of the issued ordinary share capital of the Company, through cash-settled contracts for differences without voting rights.
Hammerson has been informed by Ontario Teachers that its holding is for long term investment purposes.
John Richards, Chief Executive of Hammerson said:
"We welcome Ontario Teachers, who we know well, as a long term investor. I believe we share a common philosophy towards the real estate market".
Further information:
|
John Richards, Chief Executive, Hammerson plc |
Tel: 020 7887 1000 |
|
Chris Smith, Director of Corporate Affairs |
Tel: 020 7887 1019 |
Notes to editors
1. With $108.5 billion in net assets at December 31, 2007, the Ontario Teachers' Pension Plan is the largest single-profession pension plan in Canada. An independent corporation, it invests the pension fund's assets and administers the pensions of 278,000 active and retired teachers in Ontario. For more information, visit www.otpp.com.
2. Hammerson plc is a FTSE 100 Real Estate Investment Trust which operates principally in the retail sector in the UK and France. Its £7 billion portfolio provides 14 million ft2 (1.3 million m²) of retail space and 2,500,000 ft2 (235,000 m²) of offices and includes 14 major shopping centres and 19 retail parks. Hammerson has a track record of successful major city centre regeneration projects. Recent developments include Bullring in Birmingham, Highcross in Leicester and Cabot Circus in Bristol. The Company is currently working with several councils to deliver retail-led mixed-use regeneration projects in cities including Aberdeen, Leeds and Sheffield. For more information, visit www.hammerson.com.
Related Shares:
Hammerson