Capital & Regional Regulatory News (CAL)

17 Mar 2008 12:45

Capital & Regional plc17 March 2008 17 March 2008 CAPITAL & REGIONAL PLC: ACQUISITION OF SHARES BY CHIEF EXECUTIVE DESIGNATE Capital & Regional plc, the co-investing property asset manager, today announcesthat Hugh Scott-Barrett, who, as previously announced, has been appointed ChiefExecutive of the Company with effect from 1 April, acquired a total of 150,000shares on 11 March 2008 at an average price of 545p. 115,000 shares were purchased for his personal account at a price of 545p and35,000 shares were purchased for his SIPP account at a price of 546p. Under the terms of a Matching Share Agreement entered into with the Capital &Regional plc Employee Share Ownership Trust 2002 on 9 March 2008, he will becomeentitled, once he takes up his position on 1 April, to up to a further 450,000shares, subject to vesting conditions as to time, relative and absoluteperformance over the next three years. Further to the announcement on 10 March 2008 of Mr Scott-Barrett's appointment,Capital & Regional confirms that there are no further details required to bedisclosed under Listing Rule 9.6.13. - ENDS - For further information: Capital & Regional:Tom Chandos, Chairman Tel: 020 7932 8011 MaitlandMartin Leeburn or Emma Burdett Tel: 020 7379 5151 Notes to editors: About Capital & Regional plc Capital & Regional is the co-investing asset manager which specialises in towncentre shopping centres, out of town retail parks, and urban entertainmentcomplexes. Capital & Regional founded the Mall and Junction Funds in conjunction withMorley Fund Management. It also founded the X-Leisure fund with HermesInvestment Management Limited, and has a number of other joint ventures anddevelopments. Its shares are quoted on the London Stock Exchange. For further information see www.capreg.com This information is provided by RNS The company news service from the London Stock Exchange