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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Capital & Regional Plc | LSE:CAL | London | Ordinary Share | GB00BL6XZ716 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.30 | -0.60% | 49.70 | 49.70 | 50.00 | 51.00 | 49.70 | 49.70 | 122,079 | 16:35:24 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMCAL
RNS Number : 3676L
Capital & Regional plc
29 April 2020
29 April 2020
CAPITAL & REGIONAL PLC ("Capital & Regional" or "the Company")
UK company number 01399411
LSE share code: CAL
ISIN: GB00BL6XZ716
LEI: 21380097W74N9OYF5Z25
Director Remuneration
The Company announces that, mindful of the significant impact of COVID-19 on Capital & Regional's employees, the Board of Directors have agreed to take a voluntary 20% reduction in salary or fees for the months of April, May and June 2020. The funds saved will be used to support C&R employees and communities most financially impacted by COVID-19.
Capital & Regional plc also announces that the Company completed on 28 April 2020 grants of the following share awards of ordinary shares of GBP0.10 per share as part of the 2019 Bonus Award under the Capital & Regional plc Combined Incentive Plan (the "Plan") to the following Directors of the Company:
Lawrence Hutchings 171,899 Stuart Wetherly 92,691
The awards were calculated with reference to the share price at the end of December 2019. 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 (TSR) underpin. Further detail on the performance conditions is provided on page 64 of the Company's Annual Report and Accounts for the year ended 30 December 2019. 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
Claire Turvey
Methuselah Tanyanyiwa
capreg@fticonsulting.com
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 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 rns@lseg.com or visit www.rns.com.
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April 29, 2020 11:00 ET (15:00 GMT)
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