Enhanced Investments - Financial Portal

Category 2 transaction - Disposal of shares

Published: 2024-03-06 18:30:32 ET

LIGHTHOUSE PROPERTIES p.l.c.
(Registered in Malta)
(Registration number: C 100848)
Share code: LTE
ISIN: MU0461N00015
LEI: 549300UG27SWRF0X2U62
(“Lighthouse”)


CATEGORY 2 TRANSACTION - DISPOSAL OF SHARES


Shareholders are advised that at 6 March 2024, Lighthouse had disposed of 164 973 138 shares in Hammerson
plc (“Hammerson”) for an aggregate cash consideration equivalent to ZAR 1 023 582 998 (the “Disposals”).

Hammerson is a UK-based REIT that owns, manages and develops retail centres in the UK, Ireland and France.
Hammerson is listed on the Main Market of the LSE and has a secondary listing on the JSE Limited (“JSE”).

The proceeds of the Disposals enable Lighthouse to pursue yield-accretive direct property acquisitions.

The following profitability metrics are attributable to Hammerson for the year ended 31 December 2023:
                                                                       GBP pence*
  Distribution per share                                                          1,50
  Basic loss per share                                                              1,0
  Headline earnings per share                                                      2,1
 *Extracted from Hammerson’s audited full year 2023 results published on 29 February 2024.

The Disposals were effected on-market and were not subject to any conditions precedent.

The Disposals, when aggregated, are classified as a category 2 transaction in terms of the JSE Listings
Requirements and as such are not subject to shareholder approval.

6 March 2024


         JSE sponsor and corporate advisor                                           Company Secretary




                                                                 Stonehage Fleming Malta Limited is a member of the Stonehage Fleming
                                                                                         Group of Companies
                  Tel: +27 11 722 3050                                               Tel: +356 2144 6377

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.