Issue of LTIP awards

RNS Number : 9406H

Capital & Regional plc

23 August 2016

 

23 August 2016

Capital & Regional plc ("the Company)

Issue of LTIP awards

Capital & Regional plc announces that on 23 August 2016 Zedra Trust Company (Guernsey) Limited, the trustee of the Capital & Regional plc Employee Ownership Trust 2002 (the "Trustee") granted the following share awards of ordinary shares of £0.01 under The Capital & Regional plc 2008 Long Term Incentive Plan ("LTIP") to the following Directors of the Company:

Hugh Scott-Barrett         1,054,285

Ken Ford                           647,945

Charles Staveley               615,000

Mark Bourgeois                 505,514

The exercise price for the awards granted is a maximum of 1p per share.  Performance conditions measured over a three year period will determine the extent to which the awards will vest.  Further detail on the performance conditions is provided on pages 57-59 of the Company's Annual Report and Accounts for the year ended 30 December 2015.  A holding period applies such that, in normal circumstances, awards must be held for two years following the end of the performance period.  Malus and clawback provisions apply.  Awards were also made to approximately 50 members of staff.

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For further information:

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

 

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