Results of Scrip dividend election

RNS Number : 7350T

Capital & Regional plc

17 October 2017

 

17 October 2017

Capital & Regional plc

("Capital & Regional" or the "Company" or "Group")

Results of Scrip dividend election

Capital & Regional is pleased to announce that a total of 3,498,025 ordinary shares of 1 pence each in the Company ("scrip dividend shares") are to be issued pursuant to the election offered to shareholders to receive the interim dividend for the six months ended 30 June 2017 by way of the issue of new ordinary shares.  This represents approximately 0.5 per cent of the current issued share capital of the Company.  The scrip dividend shares will rank pari passu in all respects with the Company's existing issued ordinary shares.

An application will be made for the scrip dividend shares to be admitted to the Premium Segment of the Official List of the United Kingdom Listing Authority, to trading on the London Stock Exchange's Main Market for listed securities, and to be listed on the Johannesburg Stock Exchange ("admission"). It is expected that admission will occur on 26 October 2017.

Following the issue of the scrip dividend shares, the total number of shares in issue and voting rights in Capital & Regional will be 718,275,760 with effect from 26 October 2017.  This may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Capital & Regional under the UK Financial Conduct Authority's Disclosure and Transparency Rules.

Share certificates will be posted to certificated shareholders who elected to receive scrip dividend shares on 26 October 2017. The CREST, CSDP or broker accounts of dematerialised shareholders who elected to receive scrip dividend shares will be credited with scrip dividend shares on 26 October 2017.

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For further information:

Capital & Regional plc                  020 7932 8000

Lawrence Hutchings

Charles Staveley

FTI Consulting                               020 3727 1000

Richard Sunderland                        

Claire Turvey

[e-mail]

About Capital & Regional plc

Capital & Regional is a UK focused specialist property REIT with a strong track record of delivering significant value enhancing retail and leisure asset management opportunities across its c. £1 billion portfolio of in-town, dominant community shopping centres.

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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