Issue of Equity Timetable

RNS Number : 7714X

Capital & Regional plc

20 August 2009

 



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, TO US PERSONS OR IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA OR JAPAN.

Capital & Regional plc Update on earlier statement re Issue of Equity

Further to the earlier announcement regarding its Proposed Parkdev Firm Placing and Firm Placing and Placing and Open Offer, Capital & Regional plc ("C&R" or the "Company") announces that the expected timetable of events is as listed below: 

	2009
Record Date for entitlements under the Open Offer	5.00 p.m. on Tuesday 18 August
Announcement of the Capital Raising	Thursday 20 August
Ex-entitlement date for the Open Offer	8.00 a.m. on Thursday 20 August
Despatch of Prospectus and, to Qualifying Non-CREST Shareholders only, the Application Forms	Thursday 20 August
Open Offer Entitlements credited to stock accounts of Qualifying CREST Shareholders in CREST	8.00 a.m. on Friday 21 August
Recommended last time and date for withdrawing Open Offer Entitlements from CREST	4.30 p.m. on Friday 28 August
Latest time and date for depositing Open Offer Entitlements into CREST	3.00 p.m. on Tuesday 1 September
Latest time and date for splitting Application Forms (to satisfy bona fide market claims only)	3.00 p.m. on Wednesday 2 September
Latest time and date for receipt of completed Application Forms and payment in full under the Open Offer and settlement of relevant CREST instructions (as appropriate)	11.00 a.m. on Friday 4 September
Expected latest time and date for receipt of Forms of Proxy and receipt of electronic proxy appointments via the CREST system	11.00 a.m. on Saturday 5 September
General Meeting of Shareholders	11.00 a.m. on Monday 7 September
Expected date of announcement of results of the Capital Raising through a Regulatory Information Service	Monday 7 September
Capital Reorganisation implemented	by 8.00 a.m. on Tuesday 8 September
Expected date of Admission and commencement of dealings in New Ordinary Shares on the London Stock Exchange and New Ordinary Shares credited to CREST stock accounts (uncertificated holders only)	8.00 a.m. on Thursday 10 September
Expected date of despatch of definitive share certificates for New Ordinary Shares (to Qualifying non-CREST Shareholders only)	No later than Monday 14 September

Notes:

(1) References to times are to London time unless otherwise stated.

(2) CREST Shareholders should inform themselves of CREST's requirements in relation to electronic proxy appointments.

(3) Subject to certain restrictions relating to Shareholders with a registered address outside the UK.

The times and dates set out in the expected timetable of principal events above are indicative only and subject to change. If any of the times and/or dates change, the revised times and/or dates will be notified by announcement through a Regulatory Information Service.

Different deadlines and procedures may apply in certain cases. For example, Shareholders that hold their Ordinary Shares through a CREST member or other nominee may be set earlier deadlines by the CREST member or other nominee than the times and dates noted above.

Capitalised terms used in this announcement shall have the meanings given to them in the announcement issued by Capital & Regional earlier today.

If you have further questions, please telephone the Shareholder Helpline on the numbers set out below, which will be available following posting of the prospectus, currently envisaged to be on 21 August. This helpline is available from 8.30 a.m. to 5.30 p.m. Monday to Friday (except bank holidays) and will remain open until 25 September 2009. Calls to this number are charged at 8 pence per minute if calling from a BT landline. Other telephone providers' charges may vary.

Shareholder Helpline

0871 384 2920 (from inside the United Kingdom) or

+ 44 121 415 7187 (from outside the United Kingdom)

Please note that, for legal reasons, the Shareholder Helpline will only be able to provide information contained in this document and information relating to the Company's register of members and will be unable to give advice on the merits of the Placing and Open Offer or to provide financial, tax or investment advice.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, TO US PERSONS OR IN OR INTO THE UNITED STATES, CANADA, JAPAN, AUSTRALIA OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF RELEVANT SECURITIES LAWS OR REGULATIONS OF SUCH JURISDICTION.

THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS AND INVESTORS SHOULD NOT SUBSCRIBE FOR OR PURCHASE ANY SHARES REFERRED TO IN THIS ANNOUNCEMENT PURSUANT TO THE CAPITAL RAISING EXCEPT ON THE BASIS OF INFORMATION IN THE PROSPECTUS TO BE PUBLISHED BY CAPITAL & REGIONAL PLC IN CONNECTION WITH THE PROPOSED CAPITAL RAISING. COPIES OF THE PROSPECTUS WILL, FOLLOWING PUBLICATION, BE AVAILABLE FROM THE COMPANY'S REGISTERED OFFICE DURING NORMAL BUSINESS HOURS.

This Announcement is for information purposes only and shall not constitute an offer to buy, sell, issue or subscribe for, or the solicitation of an offer to buy, sell, issue, or subscribe for any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

This Announcement has been prepared by Capital & Regional Plc (the "Company") whose registered office is at 10 Lower Grosvenor Place, London, SW1W 0EN, United Kingdom. The Company is registered in England and Wales with registered no.1399411. Each of J.P. Morgan Cazenove Limited ("J.P. Morgan Cazenove") and Credit Suisse Securities (Europe) Limited ("Credit Suisse") (together, the "Banks"), is authorised and regulated in the United Kingdom by the FSA and is acting exclusively for the Company in connection with the Capital Raising and not for any other person and will not be responsible to any other person for providing the protections afforded to their respective customers, or for providing advice in relation to the Capital Raising, or for the contents of or matters referred to in this Announcement. Apart from the responsibilities and liabilities, if any, which may be imposed on any of the Banks by FSMA or the regulatory regime established thereunder, none of the Banks accepts any responsibility whatsoever for the contents of this Announcement including its accuracy, completeness or verification or for any other statement in connection with the Company, the New Ordinary Shares or the Capital Raising, and nothing in this Announcement is, or shall be relied upon as, a promise, warranty or representation in any such respect. Accordingly, each of the Banks disclaim, to the fullest extent permissible by law, all and any liability whatsoever, whether arising in tort, contract or otherwise (save as referred to above), which any of them might otherwise have in respect of this Announcement.

The information contained herein is not for publication or distribution, directly or indirectly, to US Persons (as defined in Regulation S under the US Securities Act of 1933, as amended (the "Securities Act")) or in or into the United States of America (including its territories and possessions, any state of the United States and the District of Columbia). These materials do not contain or constitute an offer for sale or the solicitation of an offer to purchase securities to or by US Persons or in the United States. The securities referred to herein (the "Securities") have not been and will not be registered under the Securities Act, and may not be offered or sold in the United States absent registration under the Securities Act or an available exemption from, or transaction not subject to, the registration requirements of the Securities Act. There will be no public offer of the Securities in the United States. These materials do not contain or constitute an offer to sell or a solicitation of an offer to purchase any securities to or by US Persons or in the United States, Australia, Canada, Japan, South Africa or the United Kingdom.

This Announcement has been issued by and is the sole responsibility of Capital & Regional Plc.

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