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25 Apr 2022 16:05
25 April 2022
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 25 April 2022, the Company completed grants of the following share awards of ordinary shares of £0.10 per share as part of the 2021 Bonus Award under the Capital & Regional plc Combined Incentive Plan to the following directors of the Company:
PARTICIPANT | NUMBER OF SHARES AWARDED |
Lawrence Hutchings | 937,857 |
Stuart Wetherly | 513,217 |
The awards were calculated with reference to the share price at the end of December 2021. 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 99 to 100 of the Company's Annual Report and Accounts for the year ended 30 December 2021. Vested shares will be subject to an additional holding period up to fifth anniversary of the date of grant. Malus and clawback provisions apply.
- ENDS -
For further information:
Capital & Regional plc 020 7932 8000
Lawrence Hutchings
Stuart Wetherly
FTI Consulting 020 3727 1000
Richard Sunderland
Claire Turvey
Katie Hughes
capreg@fticonsulting.com
About Capital & Regional plc:
Capital & Regional is a UK focused retail property REIT specialising in shopping centres that dominate their catchment, serving the non-discretionary and value orientated needs of the local communities. It has a strong track record of delivering value enhancing retail and leisure asset management opportunities across its portfolio of in-town shopping centres.
Using its in-house expert property and asset management platform Capital & Regional owns and / or manages eight shopping centres in Blackburn, Hemel Hempstead, Ilford, Luton, Maidstone, Redditch, Walthamstow and Wood Green.
Capital & Regional is listed on the main market of the London Stock Exchange (LSE) and has a secondary listing on the Johannesburg Stock Exchange (JSE)
For further information see www.capreg.com.
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