Last checked at 18 Sep 2009 14:36
RNS Number : 3241Z
Capital & Regional plc
18 September 2009
| NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS |
| 1. Name of the issuer |
| Capital and Regional plc |
| 2. State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2R, (ii) a disclosure made in accordance with LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006). |
| Notification relates to a disclosure made in accordance with section 793 of the Companies Act (2006) |
| 3. Name of person discharging managerial responsibilities/director |
| Louis Norval |
| 4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person |
| The notification relates to the following connected persons: (a) Parkdev International Asset Managers (Pty) Ltd - a body corporate with which the director is associated (i.e. the director directly or indirectly owns 20% or more of the equity share capital or voting rights); (b) Pinelake International Limited - a body corporate with which the director is associated (c) Exdiem Trust - a trust of which a trustee is a common director of Parkdev (Pty) Ltd (which is the majority shareholder of Parkdev International Asset Managers(Pty) Ltd) and the director is a trustee; (d) Robs Trust - a trust with which the director's child is associated and the director is a trustee; (e) Boz Trust - a trust with which the director's child is associated and the director is a trustee; (f) Clearance Capital (Cayman) Limited - a body corporate in which the director or any person connected with him is a director or a senior executive who has the power to make management decisions affecting the future development and business prospects of that body corporate(Louis Norval is a director of Clearance Capital (Cayman) Limited and a director of Parkdev(Pty)Ltd and Parkdev(Pty)is a shareholder of Clearance Capital(Cayman) Limited); and (g) Mrs Careen Norval - director's spouse. The notification also relates to Investec Bank Limited whom has a pledge over the shares in 7 (a) and 7 (b). |
| 5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest |
| The notification is in respect of the holdings of the connected persons stated in 4 above |
| 6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares |
| Ordinary shares of one penny each |
| 7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them |
| (a) Parkdev International Asset Managers (Pty) Ltd - a total of 69,619,697 shares, 69,469,697 of which are pledged to Investec Bank Limited and 150,000 of which are unpledged; (b) Rensburg Sheppards Investment Management Limited -18,924,243 shares, all of which are pledged to Investec Bank Limited; (c) Clearance Capital (Cayman) Limited - 606,060 shares; (d) Stockshare Nominees(Pty) Ltd- Exdiem Trust -111,000 shares; (e) Stockshare Nominees(Pty) Ltd-Robs Trust - 22,500 shares; (f) Stockshare Nominees (Pty) Ltd-Boz Trust-19,500 shares; and (g) Mrs Careen Norval - 69,400 shares. |
| 8. State the nature of the transaction |
| n/a |
| 9. Number of shares, debentures or financial instruments relating to shares acquired |
| n/a |
| 10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) |
| n/a |
| 11. Number of shares, debentures or financial instruments relating to shares disposed |
| n/a |
| 12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) |
| n/a |
| 13. Price per share or value of transaction |
| n/a |
| 14. Date and place of transaction |
| n/a |
| 15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) |
| (a) Parkdev International Asset Managers (Pty) Ltd - 69,619,697 (19.8%); (b) Rensburg Sheppards Investment Management Limited (On behalf of Pinelake International Limited) -18,924,243 (5.4%); (c) Clearance Capital (Cayman) Limited - 606,060 (0.17%); (d) Stockshare Nominees (Pty) Ltd- Exdiem Trust-111,000 (0.03%); (e) Mrs Careen Norval - 69,400 (0.02%);. (f) Stockshare Nominees (Pty) Ltd-Robs Trust- 22,500 - (0.006%);and (g) Stockshare Nominees (Pty) Ltd-Boz Trust (19,500) - (0.006%) |
| 16. Date issuer informed of transaction |
| n/a |
| |
| If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes |
| 17. Date of grant |
| n/a |
| 18. Period during which or date on which exercisable |
| n/a |
| 19. Total amount paid (if any) for grant of the option |
| n/a |
| 20. Description of shares or debentures involved (class and number) |
| n/a |
| 21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise |
| n/a |
| 22. Total number of shares or debentures over which options held following notification |
| n/a |
| 23. Any additional information |
| Clearance Capital (Cayman) Limited has an option to acquire 1,136,363 shares from Pinelake International Limited at 26.4 pence |
| 24. Name of contact and telephone number for queries |
| Falguni Desai - Company Secretary - 02079328013 |
| 25. Date of notification |
| 18 September 2009 |
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