X-Leisure Fund Banking Arrang

RNS Number : 0880T

Capital & Regional plc

01 June 2009

 



1 June 2009

CAPITAL & REGIONAL PLC 

                                        X-LEISURE FUND - BANKING ARRANGEMENTS

Capital & Regional Plc, the co-investing property asset manager, confirms that the X-Leisure Fund (in which it owns a 19.4% stake and is the property asset manager) has agreed an extension of its Loan to Value covenant waiver until 31 July 2009 with its banking syndicate, thus satisfying one of the conditions of the £50 million Open Offer announced on 26 May.

- ENDS -

For further information:   

Capital & Regional

Charles Staveley, Finance Director                                         Tel: [phone]

Maitland

Martin Leeburn / Emma Burdett                                               Tel: [phone]

 

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