Last checked at 11 Aug 2017 11:45
11 August 2017
Capital & Regional plc
("Capital & Regional" or the "Company" or "Group")
Issue of New Shares
Capital & Regional announces that 6,300,000 new ordinary shares in the Company have been issued and allotted and will be transferred to the Capital & Regional plc Employee Share Ownership Trust 2002 at their nominal value of 1 pence each. The shares will be used to satisfy share awards that are due to vest shortly under the Capital & Regional plc 2008 Long Term Incentive Plan.
An application has been made for these shares to be admitted to the Premium Segment of the Official List of the United Kingdom Listing Authority, to trading on the London Stock Exchange's Main Market for listed securities, and to be listed on the Johannesburg Stock Exchange. It is expected that admission will occur on 15 August 2017.
Following the issue of the shares, the total number of shares in issue and voting rights in Capital & Regional will be 714,777,735 with effect from 15 August 2017. This may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Capital & Regional under the UK Financial Conduct Authority's Disclosure and Transparency Rules.
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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.