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22 Sep 2017 14:30
22 September 2017
CAPITAL & REGIONAL PLC ("Capital & Regional" or "the Company")
UK company number 01399411
LSE share code: CAL
ISIN: GB0001741544
LEI: 21380097W74N9OYF5Z25
DIRECTOR SHAREHOLDING
The Company has been notified of the following transactions in its ordinary shares of 1 pence each ("Shares") by Directors of the Company.
On 21 September 2017 Hugh Scott-Barrett, the Chairman of the Company, exercised, at nil cost, awards that were made on 14 August 2014 under the Company's 2008 Long Term Incentive Plan ("LTIP"). A part sale of Shares took place on 21 September 2017 at an average price of 55.80 pence per share in order to satisfy the tax liability crystallising as a result of exercise of the options. The total number of options exercised and revised shareholding following the transaction is shown in the table below:
Name of Director | Role | Number of LTIP options exercised | Number of Shares sold | Number of Shares retained | Interest in Shares prior to transactions | Total Shares following transactions | Total Shares held post transactions as a % of total voting rights |
Hugh Scott-Barrett | Chairman | 452,534 | 213,117 | 239,417 | 3,250,259 | 3,489,676 | 0.49% |
This announcement is made in accordance with the requirements of the EU Market Abuse Regulation.
- ENDS -
For further information:
Capital & Regional: | Tel: 020 7932 8000 |
Lawrence Hutchings, Chief Executive | |
Charles Staveley, Group Finance Director | |
FTI Consulting: | Tel: 020 3727 1000 |
Richard Sunderland Claire Turvey capreg@fticonsulting.com |
Notes to editors:
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 a c. £1 billion portfolio of in-town shopping centres. Capital & Regional is listed on the main market of the London Stock Exchange and has a secondary listing on the Johannesburg Stock Exchange.
Capital & Regional owns seven shopping centres in Blackburn, Hemel Hempstead, Ilford, Luton, Maidstone, Walthamstow and Wood Green. It also has a 20% joint venture interest in the Kingfisher Centre in Redditch. Capital & Regional manages these assets through its in-house expert property and asset management platform.
For further information see capreg.com.
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