Capital & Regional plc Director Shareholding (5965R)

TIDMCAL

RNS Number : 5965R

Capital & Regional plc

22 September 2017

22 September 2017

CAPITAL & REGIONAL PLC ("Capital & Regional" or "the Company")

UK company number 01399411

LSE share code: CAL

ISIN: GB0001741544

LEI: 21380097W74N9OYF5Z25

DIRECTOR SHAREHOLDING

The Company has been notified of the following transactions in its ordinary shares of 1 pence each ("Shares") by Directors of the Company.

On 21 September 2017 Hugh Scott-Barrett, the Chairman of the Company, exercised, at nil cost, awards that were made on 14 August 2014 under the Company's 2008 Long Term Incentive Plan ("LTIP"). A part sale of Shares took place on 21 September 2017 at an average price of 55.80 pence per share in order to satisfy the tax liability crystallising as a result of exercise of the options. The total number of options exercised and revised shareholding following the transaction is shown in the table below:

 
     Name of         Role        Number       Number       Number         Interest           Total           Total 
     Director                    of LTIP     of Shares    of Shares       in Shares          Shares          Shares 
                                 options       sold       retained          prior          following          held 
                                exercised                              to transactions    transactions        post 
                                                                                                          transactions 
                                                                                                              as a 
                                                                                                              % of 
                                                                                                             total 
                                                                                                             voting 
                                                                                                             rights 
----------------  ----------  -----------  -----------  -----------  -----------------  --------------  -------------- 
 Hugh 
  Scott-Barrett    Chairman     452,534      213,117      239,417        3,250,259         3,489,676         0.49% 
----------------  ----------  -----------  -----------  -----------  -----------------  --------------  -------------- 
 

This announcement is made in accordance with the requirements of the EU Market Abuse Regulation.

- ENDS -

For further information:

 
 Capital & Regional:               Tel: [phone] 
 Lawrence Hutchings, Chief 
  Executive 
 Charles Staveley, Group Finance 
  Director 
 
 FTI Consulting:                   Tel: [phone] 
 Richard Sunderland 
  Claire Turvey 
  [e-mail] 
 

Notes to editors:

About Capital & Regional plc

Capital & Regional is a UK focused retail property REIT specialising in shopping centres that dominate their catchment, serving the non-discretionary and value orientated needs of the local communities. It has a strong track record of delivering value enhancing retail and leisure asset management opportunities across a c. GBP1 billion portfolio of in-town shopping centres. Capital & Regional is listed on the main market of the London Stock Exchange and has a secondary listing on the Johannesburg Stock Exchange.

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.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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September 22, 2017 09:30 ET (13:30 GMT)