Capital & Regional plc Results of Scrip Dividend election (8785D)

TIDMCAL

RNS Number : 8785D

Capital & Regional plc

15 October 2018

15 October 2018

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

UK company number 01399411

LSE share code: CAL

ISIN: GB0001741544

LEI: 21380097W74N9OYF5Z25

RESULTS OF SCRIP DIVIDEND ELECTION

Capital & Regional is pleased to announce that a total of 3,149,015 ordinary shares of GBP0.01 each in the Company ("scrip dividend shares") are to be issued pursuant to the election offered to shareholders to receive the interim dividend for the six months ended 30 June 2018 by way of the issue of new ordinary shares. This represents approximately 0.4% per cent of the current issued share capital of the Company. The scrip dividend shares will rank pari passu in all respects with the Company's existing issued ordinary shares.

An application will be made for the scrip dividend shares to be admitted to the Premium Segment of the Official List of the United Kingdom Listing Authority, to trading on the London Stock Exchange's Main Market for listed securities, and to be listed on the Johannesburg Stock Exchange ("admission"). It is expected that admission will occur on Thursday, 25 October 2018.

Following the issue of the scrip dividend shares, the total number of shares in issue and voting rights in Capital & Regional will be 726,389,117 with effect from Thursday, 25 October 2018. This may be used by shareholders 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, Capital & Regional under the UK Financial Conduct Authority's Disclosure and Transparency Rules.

Share certificates will be posted to certificated shareholders who elected to receive scrip dividend shares on Thursday, 25 October 2018. The CREST, CSDP or broker accounts of dematerialised shareholders who elected to receive scrip dividend shares will be credited with scrip dividend shares on Thursday, 25 October 2018.

- ENDS -

For further information:

 
 Capital & Regional:                      Tel: [phone] 
 Lawrence Hutchings, Chief Executive 
  Stuart Wetherly, Acting 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 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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October 15, 2018 02:00 ET (06:00 GMT)