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  2. Share Prices
  3. Capital & Regional Share Price
  4. Capital & Regional Share Regulatory News
  5. Update re Mall Fund

Pin to quick picksCapital & Regional Regulatory News (CAL)

Capital & Regional Information

Share Price Information for Capital & Regional (CAL)

London Stock Exchange
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Share Price: 61.00
Bid: 61.00
Ask: 62.80
Change: -0.10 (-0.16%)
Spread: 1.80 (2.951%)
Open: 62.00
High: 63.60
Low: 61.00
Prev. Close: 61.10
CAL Live PriceLast checked at -

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Update re Mall Fund

9 Sep 2009 13:47

RNS Number : 7784Y
Capital & Regional plc
09 September 2009
 

9 September 2009

CAPITAL & REGIONAL PLC

MALL FUND ANNOUNCES BOND CONSENT SOLICITATION PROCESS

Capital & Regional plc ("Capital & Regional"), the co-investing property asset manager, notes the announcement today by Mall Funding Plc (the "Issuer") of a Note holder consent solicitation process. The consent solicitation seeks approval from Note holders to permit the Mall Limited Partnership (the "Borrower") and/or affiliates of the Borrower to purchase up to £150,000,000 in aggregate principal amount of Notes and enter into certain other related transactions (the "Proposals"). Should the Note holders approve the changes being sought to the terms of the Notes, the Issuer and the Borrower may or may not decide to implement these Proposals. The potential buy back of the Notes will benefit both noteholders and equity investors by reducing debt in an economic and efficient manner.

Capital & Regional has a 16.7% interest in the Mall Fund.

- ENDS -

For further information:

Capital & Regional: 

Tel: 020 7932 8000

Charles Staveley, Group Finance Director

Maitland

Tel: 020 7379 5151

Martin Leeburn / Emma Burdett 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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