Hammerson, the owner of the Dundrum Town Centre and the Ilac Centre in Dublin city centre, has started its dual listing on Euronext Dublin today.
Hammerson was listed through the admission to trading of 4,057,298,174 shares on Euronext Dublin.
The company said the reference price of the shares was £0.2375 per share, based on the closing price of its shares listed on the main market of the London Stock Exchange.
Already listed on the London Stock Exchange, by June 2020 Hammerson's portfolio had a value of £7.7 billion which includes 21 flagship destinations in busy cities and investments in premium outlet villages through its partnership with Value Retail.
Its retail venues include the Bullring & Grand Central in Birmingham, Bicester Village in Oxfordshire and Les Terrasses du Port in Marseille.
It also has exposure to Value Retail premium outlet destinations outside of the UK including La Valleé in Paris, La Roca in Barcelona and Kildare Village in Ireland.
Mark Bourgeois, Managing Director UK & Ireland, Hammerson, said the company's econdary listing in Dublin recognises the importance and scale of its investor base and operations in Continental Europe and Ireland.
"Around 27% of our share capital is held by investors in the European Economic area, so this listing enables us to maintain an efficient holding structure across our portfolio and guarantees an EU equivalent trading venue for Hammerson shares," he added.
