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UK's Hammerson plans to seek listing on Euronext Dublin

·1-min read

(Reuters) -London-based mall operator Hammerson Plc said on Friday it intends to seek a secondary listing on Euronext Dublin due to the scale of its investor base and operations in Continental Europe and Ireland.

The company, which owns Birmingham's Bullring shopping centre, said it is not raising any new funds or issuing new shares with relation to the admission.

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"A secondary listing on Euronext Dublin will enable company to maintain an efficient holding structure across its portfolio and guarantee an EU equivalent trading venue for Hammerson's shares", the company said.

According to Hammerson, as of Nov. 23, around 27% of its share capital was held by institutional investors based in the European Economic Area, excluding the UK.

Hammerson expects admission of trading to become effective and unconditional dealings in ordinary shares on main market to begin when it opens on Dec. 23.

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(Reporting by Samantha Machado in Bengaluru; Editing by Rashmi Aich and Krishna Chandra Eluri)