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Hammerson repurchases £129M shares out of £300M buyback program

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Hammerson repurchases £129M shares out of £300M buyback program

Hammerson PLC repurchased a total of £129 million, or 43%, of its 12-month share buyback program amounting up to £300 million, which will run until July.

The repurchasing of the shares was executed by Dec. 31, 2018, according to a release.

The U.K.-based diversified real estate investment trust also disclosed its plan to halt the buyback program, as of Jan. 2, until the results for the year ended Dec. 31, 2018, are published.

Hammerson added that its financial performance for the full year is expected to be in line with market expectations.