LONDON (ShareCast) - (Sharecast News) - Retail property manager Hammerson intends to seek admission to Euronext Dublin in order to trade its shares on the main securities market of the exchange.
Hammerson said on Friday that it was seeking the secondary listing due to the importance and scale of its investor base and operations in continental Europe and the Republic of Ireland, where it owns and manages flagship destinations valued at £1.2bn in France and £800.0m in Ireland.

The London-listed group stated the secondary listing on Euronext Dublin would enable it to maintain "an efficient holding structure" across its portfolio and guarantee an EU equivalent trading venue for Hammerson's shares.

Hammerson expects that admission will become effective and that unconditional dealings in its ordinary shares on the main market will commence on 23 December.

The company will not raise any new funds or issue any new shares in connection with admission.

As of 0830 GMT, Hammerson shares were up 1.50% at 26.39p.

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