Director Shareholding

RNS Number : 6710J

Capital & Regional plc

13 September 2016

 

13 September 2016

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

UK company number 01399411

LSE share code: CAL             

ISIN: GB0001741544

LEI: 21380097W74N9OYF5Z25

DIRECTOR SHAREHOLDING

On 12 September 2016 the Company received notification that PDI Investment Holdings Ltd had entered into the following arrangements in respect of their holdings of ordinary shares in the Company:

·      On 31 May 2016 PDI Investment Holdings Ltd pledged 33,649,302 ordinary shares in the Company as security in respect of an investment arrangement.   The terms of the arrangement means that the number of shares pledged is periodically reviewed and is subject to change. 

·      On 4 July 2016 a further 9,169,570 ordinary shares in the Company were pledged, resulting in a total of 42,818,872 shares being subject to the pledge.

·      On 17 August 2016, 3,107,960 ordinary shares in the Company were released resulting in 39,710,912 being currently pledged.

Louis Norval, a Non-Executive Director of the Company, has a beneficial interest in PDI Investment Holdings Ltd. PDI Investment Holdings Ltd has a total shareholding of 65,462,806 shares, representing 9.342% of the Company's issued share capital, this includes the 39,710,912 of shares currently pledged.  The shareholding is maintained on the London Stock Exchange. 

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.                            

 

END

 

 

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