Director/PDMR Shareholding

RNS Number : 0624A

Capital & Regional plc

02 June 2016

 

2 June 2016

CAPITAL & REGIONAL PLC ("Capital & Regional" or "the Company")

DIRECTOR SHAREHOLDING

On 2 June 2016 the Company received notification that PDI Investment Holdings Ltd, an entity in which Louis Norval has a beneficial interest, acquired 2,000,000 shares in the Company.  The shares were acquired on 31 May 2016 at an average price of 60.00 pence per share.

Following the transactions PDI Investment Holdings Ltd has a total shareholding of 62,462,806 shares representing 8.914% of the Company's issued share capital.  The revised beneficial interest of Louis Norval is 133,960,303 ordinary shares, representing 19.117% 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 172,454,075 shares, representing 24.610% 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 Ltd, the parent company of PDI Investment Holdings Ltd, but he has no beneficial interest in the shares held by PDI Investment Holdings Ltd. 

ENDS

For further information:

Capital & Regional:	Tel:  [phone]
Hugh Scott-Barrett, Chief Executive
Charles Staveley, Group Finance Director

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. £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.   

Capital & Regional owns seven shopping centres in Blackburn, Camberley, Hemel Hempstead, 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 950 retail units and attract over 1.7 million shopping visits each week, through its in-house expert property and asset management platform.

For further information see www.capreg.com.

 

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