Capital & Regional plc Completion of Share Consolidation (8041Z)

TIDMCAL

RNS Number : 8041Z

Capital & Regional plc

15 January 2020

15 January 2020

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

UK company number 01399411

LSE share code: CAL

ISIN: GB00BL6XZ716

LEI: 21380097W74N9OYF5Z25

Completion of Share Consolidation

As described in the Prospectus published by the Company on 7 November 2019 and following the announcement on 26 November 2019 that shareholders had approved the consolidation of every ten Ordinary Shares of 1 pence each into one ordinary share of 10 pence each (the "Consolidation"), Capital & Regional is pleased to announce that the Consolidation has become effective.

The Consolidation has resulted in 103,884,038 ordinary shares of 10 pence each (the "New Consolidated Ordinary Shares") being in issue, such New Consolidated Ordinary Shares having the same rights and being subject to the same restrictions as ordinary shares in issue prior to the Consolidation. The Company has made applications for the New Consolidated Ordinary Shares to be admitted to the Premium Segment of the Official List of the United Kingdom Listing Authority and to trading on the London Stock Exchange's Main Market for listed securities ("LSE") and to be listed on the Johannesburg Stock Exchange ("JSE") ("Admission"). It is expected that Admission will occur today, 15 January 2020.

The New Consolidated Ordinary Shares will trade from today on the LSE and the JSE under the new International Securities Identification Number code (ISIN) of GB00BL6XZ716.

For UK shareholders, those holding ordinary shares in CREST on the record date of 14 January 2020 for the Consolidation will have their CREST accounts credited with the New Consolidated Ordinary Shares on 15 January 2020. Replacement share certificates for UK certificated shareholders will be issued to certificated holders within 14 days of Admission.

For South African shareholders, dematerialised shareholders' accounts at their CSDP/broker will be updated on 20 January 2020 to reflect the New Consolidated Ordinary Shares to which they are entitled under the Consolidation as at 17 January 2020, being the record date in South Africa for the Consolidation. Replacement share certificates for South African certificated shareholders will be issued on 20 January 2020 provided that old share certificates have been lodged with the South African transfer secretaries by 12.00 p.m. on 20 January 2020. Share certificates received after this time will be posted within 5 business days of receipt.

Following the Consolidation, the total number of shares in issue and voting rights in Capital & Regional is 103,884,038. No New Consolidated Ordinary Shares are held in treasury. The figure of 103,884,038 may be used by shareholders and others as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the share capital of the Company under the UK Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

For further information:

 
 Capital & Regional 
  Lawrence Hutchings, Chief Executive Officer          + 44 (0) 20 7932 
  Stuart Wetherly, Group Finance Director               8000 
 Numis (Sponsor, Rule 3 and joint financial adviser 
  to Capital & Regional) 
  Heraclis Economides 
  Ben Stoop 
  Oliver Hardy                                         + 44 (0) 20 7260 
  George Fry                                            1000 
 J.P. Morgan Cazenove (Joint financial adviser 
  to Capital & Regional) 
  Paul Hewlett 
  Leon Li 
  Henry Capper                                         [phone] 
  Paul Pulze                                            4000 
 FTI Consulting (PR adviser to Capital & Regional) 
  Richard Sunderland 
  Methuselah Tanyanyiwa 
  Claire Turvey                                        + 44 (0) 20 3727 
  [e-mail]                              1000 
 Java Capital Trustees and Sponsors (JSE sponsor       + 27 (0) 11 722 
  to Capital & Regional)                                3050 
 

About Capital & Regional

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 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. Capital & Regional manages these assets through its in-house expert property and asset management platform.

For further information see www.capreg.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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January 15, 2020 02:00 ET (07:00 GMT)