On 14 April 2021, shareholders of Hammerson plc were invited to attend a virtual shareholder engagement session (the “Engagement Session”) at which they could submit questions to the Board.
This is the first time the Company has offered this form of engagement with its retail shareholder base but due to the inability to engage in person at events such as the AGM as a result of covid-19 restrictions, the Company felt it was important to ensure shareholders were provided with a forum in which questions could be submitted and answered in real time.
In total, 39 people logged on to watch the event, with 22 of those being shareholders.
The Engagement Session itself consisted of three parts: 1) a short presentation from Robert Noel summarising Hammerson’s performance during 2020; 2) a short intermission to allow questions to be submitted and collated; and 3) a live Q&A session.
For the Q&A session, Robert was joined by Rita-Rose Gagné, James Lenton, Gwyn Burr, Pierre Bouchut and Josh Warren. The questions submitted and answered covered the following topics:
- Future strategy, including specific queries on mixed use assets and development plans
- Headroom on our loan covenants
- Future disposals, including the reported sale of the retail parks
Shareholders are reminded that you can still submit a question to the Board relating to the business to be conducted at the Annual General Meeting via email by writing to email@example.com.
We encourage any questions to be submitted by 8.30 a.m. BST on Wednesday, 28 April 2021 and the Company will endeavour to respond on the Investors section of the website in advance of the proxy voting deadline, which is on Thursday, 29 April 2021 at 8.30 a.m. BST.