Resilient Properties Proprietary Limited, a South African-based company, has made a notable move in the real estate market by acquiring a 3.47% stake in Hammerson Plc, a leading real estate development and investment firm. The acquisition was revealed through a notification submitted to Hammerson Plc in accordance with shareholder obligations under applicable UK law.

The disclosure, made on June 21, 2023, indicates that Resilient Properties Proprietary Limited crossed the ownership threshold on June 20, 2023, through the acquisition of financial instruments. This transaction has resulted in a significant change in Resilient Properties’ ownership position within Hammerson Plc.

According to the notification, Resilient Properties Proprietary Limited currently holds a total of 173,348,568 voting rights attached to shares in Hammerson Plc, accounting for 3.47% of the company’s total voting rights. This represents a decrease from their previous position of 4.01%, indicating a disposition of voting rights since their last disclosure.

The acquisition by Resilient Properties Proprietary Limited was exclusively based on financial instruments, with no direct voting rights acquired through this method. Consequently, the percentage of indirect voting rights resulting from these financial instruments is reported as 0%.

Resilient Properties Proprietary Limited, headquartered in Johannesburg, South Africa, operates under the ultimate control of Resilient REIT Limited. Through a chain of controlled undertakings, Resilient REIT Limited now holds a 3.47% stake in Hammerson Plc, reflecting the acquisition of voting rights and financial instruments.