Capital & Regional plc Combined Incentive Plan award (1570Y)

TIDMCAL

RNS Number : 1570Y

Capital & Regional plc

02 May 2023

2 May 2023

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

UK company number 01399411

LSE share code: CAL

ISIN: GB00BL6XZ716

LEI: 21380097W74N9OYF5Z25

Combined Incentive Plan Award

Capital & Regional announces that on 2 May 2023, the Company completed grants of the following share awards of ordinary shares of GBP0.10 per share as part of the 2022 Bonus Award under the Capital & Regional plc Combined Incentive Plan to the following directors of the Company:

 
 PARTICIPANT           NUMBER OF SHARES AWARDED 
 Lawrence Hutchings    1,120,226 
                      ------------------------- 
 Stuart Wetherly       613,014 
                      ------------------------- 
 

The awards were calculated with reference to the share price at the end of December 2022. The exercise price for the awards gra nted is a maximum of GBP0.10 per share. Shares will vest in three equal tranches in years three, four and five from grant and will be subject to the achievement of a relative Total Shareholder Return underpin. Further detail on the performance conditions is provided on page 124 to 127 of the Company's Annual Report and Accounts for the year ended 30 December 2022. Vested shares will be subject to an additional holding period up to fifth anniversary of the date of grant. Malus and clawback provisions apply.

- ENDS -

For further information:

   Capital & Regional plc                      020 7932 8000 

Lawrence Hutchings

Stuart Wetherly

   FTI Consulting                                  020 3727 1000 

Richard Sunderland

Maria Saud

[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 portfolio of in-town, dominant community shopping centres.

Capital & Regional owns and/or manages shopping centres in Hemel Hempstead, Ilford, Maidstone, Redditch, Walthamstow and Wood Green. Capital & Regional manages these assets through its in-house expert property and asset management platform.

   For further information see   www.capreg.com . 

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May 02, 2023 11:00 ET (15:00 GMT)