Cardiff Property PLC Transaction in Own Shares (8650R)

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RNS Number : 8650R

Cardiff Property PLC

11 March 2021

RNS ANNOUNCEMENT

For Immediate Release

11 March 2021

LEI: 213800GE3FA4C52C1N05

The Cardiff Property plc ("the company")

Purchase of own shares

On 9 March 2021, the Company purchased 1,051 of its own ordinary shares of 20 pence each ("Shares") at a price of GBP18.00 per share and a further 1,000 ordinary shares at GBP18.25 per share. On 10 March 2021 the Company purchased 5,884 of its own ordinary shares at a price of GBP18.45 per share. The Shares will be cancelled.

Following this transaction, the unchanged holding of Mr J R Wollenberg and members of his family ("the Concert Party") of 561,298 Shares, now represents 47.61% of the Company's issued share capital. Pursuant to the waiver granted by the Takeover Panel and approved by Shareholders (excluding the Concert Party) at the Company's General Meeting held on 14 January 2021, there is no obligation on the Concert Party to make an offer under Rule 9 or Rule 37 of the City Code on Takeovers and Mergers.

The number of shares with voting rights in issue following this transaction is 1,178,876. Therefore, the total number of voting rights in the Company is 1,178,876 which number 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 in their interest in, the Company under the FCA's Disclosure and Transparency Rules.

For further information;

   The Cardiff Property plc                   Richard Wollenberg                01784 437444 

Shore Capital Patrick Castle 0207 408 4050

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March 11, 2021 02:00 ET (07:00 GMT)