Last checked at 2 May 2023 16:00
2 May 2023
CAPITAL & REGIONAL PLC ("Capital & Regional" or "the Company")
UK company number 01399411
LSE share code: CAL
ISIN: GB00BL6XZ716
LEI: 21380097W74N9OYF5Z25
Combined Incentive Plan Award
Capital & Regional announces that on 2 May 2023, the Company completed grants of the following share awards of ordinary shares of £0.10 per share as part of the 2022 Bonus Award under the Capital & Regional plc Combined Incentive Plan to the following directors of the Company:
PARTICIPANT | NUMBER OF SHARES AWARDED |
Lawrence Hutchings | 1,120,226 |
Stuart Wetherly | 613,014 |
The awards were calculated with reference to the share price at the end of December 2022. The exercise price for the awards granted is a maximum of £0.10 per share. Shares will vest in three equal tranches in years three, four and five from grant and will be subject to the achievement of a relative Total Shareholder Return underpin. Further detail on the performance conditions is provided on page 124 to 127 of the Company's Annual Report and Accounts for the year ended 30 December 2022. Vested shares will be subject to an additional holding period up to fifth anniversary of the date of grant. Malus and clawback provisions apply.
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For further information:
Capital & Regional plc 020 7932 8000
Lawrence Hutchings
Stuart Wetherly
FTI Consulting 020 3727 1000
Richard Sunderland
Maria Saud
capreg@fticonsulting.com
About Capital & Regional plc
Capital & Regional is a UK focused specialist property REIT with a strong track record of delivering significant value enhancing retail and leisure asset management opportunities across its portfolio of in-town, dominant community shopping centres.
Capital & Regional owns and/or manages shopping centres in Hemel Hempstead, Ilford, Maidstone, Redditch, Walthamstow and Wood Green. Capital & Regional manages these assets through its in-house expert property and asset management platform.
For further information see www.capreg.com.