Last checked at 18 Aug 2017 12:30
18 August 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 16 August 2017 share awards that were made on 16 August 2013 under the Company's 2008 Long Term Incentive Plan ("LTIP") became available to exercise after the performance conditions had been satisfied and following the conclusion of a one year holding period. The total number of options exercised by Directors of the Company under the LTIP is shown in the table below:
Name of Director | Role | Number of LTIP options exercised | Number of Shares sold | Number of Shares retained |
Hugh Scott-Barrett | Chairman | 1,909,543 | 899,284 | 1,010,259 |
Charles Staveley | Group Finance Director | 1,002,509 | 472,124 | 530,385 |
For all of the transactions in the above tables the options were exercised on 16 August 2017 at nil cost. The sale of Shares took place on 17 August 2017 at an average price of 54.62 pence per share in order to satisfy the tax liability crystallising as a result of exercise of the options.
Following the above transactions, the total beneficial shareholdings of the Directors in the Company are as follows:
Name of Director | Role | 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 | 2,240,000 | 3,250,259 | 0.46% |
Charles Staveley | Group Finance Director | 560,475 | 1,090,860 | 0.15% |
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.