In QuotedData’s morning briefing 15 June 2020:
- Africa Opportunity will return $5.5m to shareholders via a compulsory redemption of shares. 9,565,216 shares (21.46% of the total) will be bought back at NAV ($0.575). Payment will be on 25 June 2020.
- Hammerson says that Robert Noel will succeed David Tyler as non-executive chair of the company. Robert Noel has had a long and successful career in the real estate sector most notably at Great Portland Estates Plc and Land Securities Group Plc. he retired at Land Securities’ CEO in March after eight years in the role. He is also the senior independent director at Taylor Wimpey Plc and a trustee of the Natural History Museum. Hammerson is also adding Desmond (Des) de Beer to its board as a non-executive director. Des is a non-executive director of Lighthouse Capital, a property company which invests in direct property and listed real estate securities and which has a 15.1% shareholding in Hammerson.
We also have results from JPMorgan European, news of letting activity at Schroder Real Estate and a trading update from Real Estate Investors. Tritax Big Box REIT has announced a new pre-let development.