15 Dec 2015 12:00
聽
聽
15 December 2015
聽
聽
CAPITAL & REGIONAL PLC ("Capital & Regional" or "the Company")
聽
HOLDING(S) IN COMPANY
聽
On 14 December 2015 the Company received notification that Arctospark, an entity in which Louis Norval has a beneficial interest, has resolved to transfer or dispose of all of its 29,102,863 shares in the Company. The transactions are due to be completed by 24 December 2015 all at a price of 15.80 ZAR per share, equivalent to 68.5p per share based on an exchange rate of 23.07 ZAR to 1 GBP at 14 December 2015. The result of these transactions will be that:
聽
路 12,746,398 shares will be acquired by PDI Investment Holdings Limited;
路 8,512,948 shares will be acquired by MStead Limited;
路 5,830,353 shares will be transferred to De Katwijk Trust;
路 958,435 shares will be transferred to Exdiem Trust; and
路 248,260 shares will be transferred to Rameros Investments.
聽
Louis Norval has a beneficial interest in PDI Investment Holdings Limited and MStead Limited. De Katwijk Trust, Exdiem Trust and Rameros Investments are connected parties of Louis Norval although he does not have a beneficial interest in these entities. The remaining 806,469 shares held by Arctospark will be transferred to entities with no ongoing connection to Louis Norval.
聽
On completion of these transactions PDI Investment Holdings Limited will have a shareholding of 60,462,806 shares representing 8.63% of the Company's issued share capital and MStead Limited will have a shareholding of 67,121,055 shares representing 9.58% of the Company's issued share capital.
聽
The revised beneficial interest of Louis Norval will be 129,074,861 ordinary shares, representing 18.42% of the Company's issued share capital. The total shareholding of all parties connected to Louis Norval, including those in which he has a beneficial interest and those which he does not but has a connection to, is 167,718,632 shares, representing 23.93% of the Company's issued share capital. Wessel Hamman, a Non-Executive Director of the Company is a Non-Executive Director of Homestead Group Holdings, the parent company of MStead Limited and a shareholder in PDI Investment Holdings Limited but he has no beneficial interest in the shares held by either entity.
聽
ENDS
聽
聽
For further information:
Capital & Regional: | Tel: 020 7932 8000 |
Hugh Scott-Barrett, Chief Executive | |
Charles Staveley, Group Finance Director |
聽
Notes to editors:
About Capital & Regional plc
Capital & Regional is a UK focused specialist property REIT with a strong track record of delivering value enhancing retail and leisure asset management opportunities across a c. 拢1 billion portfolio of in-town dominant community 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.
聽
Capital & Regional owns six Mall shopping centres in Blackburn, Camberley, Luton, Maidstone, Walthamstow and Wood Green. It also has a 20% joint venture interest in the Kingfisher Centre in Redditch and a 50% joint venture in the Buttermarket Centre, Ipswich. Capital & Regional manages these assets, which comprise over 900 retail units and attract c. 1.7 million shopping visits each week, through its in-house expert property and asset management platform.
聽
For further information see聽www.capreg.com.