First day of dealings

RNS Number : 5897L

Capital & Counties Properties Plc

10 May 2010

 



10 May 2010

FIRST DAY OF DEALINGS FOR CAPITAL & COUNTIES PROPERTIES PLC

The Directors of Capital & Counties Properties PLC ('Capital & Counties' or 'the Company') are pleased to announce that the ordinary shares of the Company have today commenced trading on the London Stock Exchange and the main board of the JSE Limited, following the Company's demerger from Liberty International PLC¹. There will be 621,828,502 shares in issue.

Capital & Counties is one of the largest listed central London focussed  investment and development companies, with 81 investment properties located mainly in west London and the West End.  The portfolio includes three unique landmark estates in Covent Garden, Earls Court & Olympia and the Great Capital Partnership. As at 31st December 2009, the Company's assets in London were valued at £1,240 million

The central London focus positions Capital & Counties to deliver superior total returns for shareholders by taking advantage of rising portfolio values in the Capital, which has continued to demonstrate growing numbers of visitors and a stronger level of consumer spending than the rest of the UK, throughout the recession. The Company's focus has enabled it to significantly outperform the IPD (Investment Property Databank) over the last three years. 

¹ The Capital & Counties Ordinary Shares began trading on the LSE on a "when issued" basis at 8.00 a.m. on Monday 10 May 2010 under LSE code CAPC. Dealings in the Capital & Counties Ordinary Shares on the LSE on Monday 10 May 2010 and Tuesday 11 May 2010 will settle on Monday 17 May 2010. The Capital & Counties Ordinary Shares began trading on the JSE at 8.00 a.m. on Monday 10 May 2010 under JSE code CCO.

Enquiries:

CAPITAL & COUNTIES PROPERTIES PLC:
Ian Hawksworth	Chief Executive	[phone]
Soumen Das	Finance Director	[phone]
Public Relations UK
Michael Sandler	Hudson Sandler	[phone]
Wendy Baker	Hudson Sandler	[phone]
Public Relations South Africa
Nicholas Williams	College Hill	[phone]

 

END

 

 

MSCEANSNESEEEFF