CORRECT: Lighthouse Properties sells more Hammerson for ZAR766 million

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

Alliance News 29 July, 2024 | 4:11PM
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Lighthouse Properties PLC - Mauritius-based property investor previously named Lighthouse Capital Ltd - Disposes of an additional 111.1 million shares in Hammerson PLC for ZAR765.6 million on Friday last week. This sale is part of Lighthouse's plan to dispose of up to 634.5 million in Hammerson over the next 12 months from May. Over the past two months, Lighthouse sold 277.1 million shares worth ZAR1.82 billion.

Current Lighthouse stock price in Johannesburg: ZAR8.16, up 1.9% on Monday afternoon

12-month change: up 28%

Current Hammerson stock price in London: 28.22 pence, down 1.7%

12-month change: up 6.1%

Current Hammerson stock price in Johannesburg: ZAR6.73, up 0.5%

12-month change: up 13%

By Artwell Dlamini, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Hammerson PLC 28.22 GBX -1.67 -
Lighthouse Properties PLC 816.00 ZAC 1.87 -

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