IN BRIEF: Lighthouse Properties sells further Hammerson stock

Lighthouse Properties PLC - Mauritius-based property investor previously named Lighthouse Capital ...

Alliance News 4 December, 2023 | 12:08PM
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Lighthouse Properties PLC - Mauritius-based property investor previously named Lighthouse Capital Ltd - Sells a further 145.5 million shares in Hammerson PLC for ZAR936.3 million. On Thursday last week, Lighthouse said it disposed of 98.1 million shares in Hammerson for ZAR616.1 million. As at November 18, Lighthouse directly owned 352.2 million shares, or 7.1%, 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: ZAR6.20, up 2.5% on Monday morning

12-month change: down 4.6%

Current Hammerson stock price in London: 27.94 pence, up 0.1%

12-month change: up 15%

Current Hammerson stock price in Johannesburg: ZAR6.67, up 2.6%

12-month change: up 29%

By Artwell Dlamini, Alliance News reporter

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Hammerson PLC 25.50 GBX 0.14 -
Lighthouse Properties PLC 760.00 ZAC 0.00 -

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