Director Shareholding

RNS Number : 5965R

Capital & Regional plc

22 September 2017

 

22 September 2017

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

UK company number 01399411

LSE share code: CAL             

ISIN: GB0001741544

LEI: 21380097W74N9OYF5Z25

DIRECTOR SHAREHOLDING

The Company has been notified of the following transactions in its ordinary shares of 1 pence each ("Shares") by Directors of the Company.

On 21 September 2017 Hugh Scott-Barrett, the Chairman of the Company, exercised, at nil cost, awards that were made on 14 August 2014 under the Company's 2008 Long Term Incentive Plan ("LTIP").  A part sale of Shares took place on 21 September 2017 at an average price of 55.80 pence per share in order to satisfy the tax liability crystallising as a result of exercise of the options.  The total number of options exercised and revised shareholding following the transaction is shown in the table below:

Name of Director	Role	Number of LTIP options exercised	Number of Shares sold	Number of Shares retained	Interest in Shares prior to transactions	Total Shares following transactions	Total Shares held post transactions as a % of total voting rights
Hugh Scott-Barrett	Chairman	452,534	213,117	239,417	3,250,259	3,489,676	0.49%

This announcement is made in accordance with the requirements of the EU Market Abuse Regulation.

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For further information:

Capital & Regional:	Tel:  [phone]
Lawrence Hutchings, Chief Executive
Charles Staveley, Group Finance Director
FTI Consulting:	Tel: [phone]
Richard Sunderland Claire Turvey [e-mail]

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.

 

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