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Highlights
Coronation Fund Managers increased its shareholding in Hammerson Plc above a key threshold.
The notification was filed under UK disclosure rules.
The disclosure confirms voting rights now exceed the previous position.
Hammerson Plc (LON:HMSO), a prominent real estate company listed on the FTSE 350, has reported a regulatory filing concerning changes in shareholding. The disclosure comes under the UK’s transparency requirements for issuers with shares admitted to trading on regulated markets. Such filings provide information about the percentage of voting rights controlled by significant shareholders.
Issuer and Regulatory Background
Hammerson Plc is a UK-based issuer whose shares are traded on the London Stock Exchange. The notification was made in accordance with the Disclosure Guidance and Transparency Rules, which require shareholders to inform companies when crossing specified voting rights thresholds. These requirements ensure that market participants remain informed about significant movements in ownership.
Shareholder Subject to the Obligation
The notification identifies Coronation Fund Managers, based in Cape Town, South Africa, as the party responsible for reporting the change. Coronation Asset Management (Pty) Ltd, a controlled undertaking of Coronation Fund Managers, is listed as the entity through which the voting rights are held. The filing specifies that the percentage of voting rights held now surpasses the level previously recorded in earlier submissions.
Date of Threshold Crossing and Notification
The threshold was crossed in mid-August, and Hammerson Plc was formally notified in late August. The timing reflects the reporting requirements under UK law, where shareholders must communicate such changes within a limited period. The company subsequently released this information through official channels in London, Johannesburg, and Dublin to maintain compliance across the exchanges where it is listed.
Voting Rights Breakdown
The filing details show that the total percentage of voting rights now held by Coronation Fund Managers has increased compared to its previous position. The notification confirms that all voting rights are attached to ordinary shares, with none reported through financial instruments. The disclosed figure indicates a significant stake in Hammerson Plc, with millions of shares attributed to the holding.
Previous Position and Change
The prior notification from Coronation Fund Managers indicated a lower percentage of voting rights. The current filing shows an upward adjustment, marking an increase in shareholding that has taken the position above the specified threshold. No financial instruments are involved in this disclosure, meaning the interest is fully based on direct ownership of shares.
Chain of Control
The notification outlines the chain of control within the group. Coronation Fund Managers is listed as the ultimate controlling entity, with Coronation Asset Management (Pty) Ltd holding the shares. The filing confirms that the entire percentage disclosed is attributed to the controlled undertaking, with no division across multiple entities.
Company Statement
The disclosure was completed in Cape Town, South Africa, and signed off by Hammerson Plc’s Deputy Company Secretary. The official statement was released via the London Stock Exchange’s news service and simultaneously made available on other relevant platforms. Contact details for the company’s corporate office in London were included, ensuring transparency and accessibility for further inquiries.
Importance of Disclosure
Regulatory notifications of this nature serve to keep the market informed of material changes in ownership. They ensure compliance with UK legislation and contribute to market transparency within the FTSE 350 index. Hammerson Plc, being a major participant in the real estate sector, continues to be subject to monitoring by both domestic and international shareholders.
