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LONDON (Alliance News) - Capital & Regional PLC on Wednesday said that Karoo Investment Fundhad sold its remaining holding of 1.4 million shares in the company.
The sales completed on November 20 and were disposed of in the South African market at an average price of ZAR14.08 per share, equivalent to 66.4 pence per share based on an exchange rate of ZAR21.2 to GBP1.00 on that date, the company said.
Wessel Hamman, non-executive director of both Capital & Regional and of Karoo, no longer has a beneficial interest in any of Capital & Regional's shares.
Also as a result of the Karoo sale, Louis Norval, another non-executive director, has a revised beneficial interest in 136.9 million shares, representing 19.5% of the company's shares, Capital & Regional said.
Shares in Capital & Regional were down 0.9% at 69.38 pence on Wednesday.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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