Last checked at 11 May 2018 16:00
11 May 2018
Capital & Regional plc
("Capital & Regional" or the "Company" or "Group")
Results of Scrip dividend election
Capital & Regional is pleased to announce that a total of 3,964,342 ordinary shares of 1 pence each in the Company ("scrip dividend shares") are to be issued pursuant to the election offered to shareholders to receive the final dividend for the year ended 30 December 2017 by way of the issue of new ordinary shares. This represents approximately 0.6 per cent of the current issued share capital of the Company. The scrip dividend shares will rank pari passu in all respects with the Company's existing issued ordinary shares.
An application will be made for the scrip dividend shares to be admitted to the Premium Segment of the Official List of the United Kingdom Listing Authority, to trade on the London Stock Exchange's Main Market for listed securities, and to be listed on the Johannesburg Stock Exchange ("admission"). It is expected that admission will occur on 16 May 2018.
Following the issue of the scrip dividend shares, the total number of shares in issue and voting rights in Capital & Regional will be 722,240,102 with effect from 16 May 2018. 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.
Share certificates will be posted to certificated shareholders who elected to receive scrip dividend shares on 15 May 2018. The CREST, CSDP or broker accounts of dematerialised shareholders who elected to receive scrip dividend shares will be credited with scrip dividend shares on 16 May 2018.
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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.