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Hammerson PLC - London-based property development and investment company - Confirms that its share capital has reduced. This comes after the High Court of England and Wales sanctioned the share consolidation on Tuesday. Shareholders approved this share reduction last month. It had said back in July the move seeks to simplify its share capital through a 1 for 10 share consolidation, and to increase distributable reserves by reducing its share premium account. Hammerson says the issued share capital remains at 500.2 million shares, following the capital reduction. Current stock price in London: 315.80 pence, up 2.4% on Wednesday afternoon 12-month change: up 28% Current stock price in Johannesburg: R 72.70, up 2.4% 12-month change: up 27% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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