Full Year 2020 Hammerson PLC Earnings Call Transcript
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Good morning, everybody, and welcome to our results presentation. I must say it's a bit strange to be recording this for you for the first time in these difficult circumstances when we're not able to meet in person. But I do look forward to seeing you when restrictions allow.
2020 was a tough year for Hammerson and its shareholders. COVID has accelerated structural change. The company's capital structure was already too weak and unable to cope with the shock. There was a need to bolster the balance sheet with the rights issue, which we were able to undertake due to the support of our larger shareholders and the sale of VIA Outlets. But I believe that Hammerson has potential with some great assets in strategic places. We also have some great talent within the business. These are all ingredients for good, really safe urban companies capable of adapting to change in this heavily disrupted sector.
I'm really clear on what my immediate priorities are, that is to
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