RNS Number : 4205O
Capital & Regional plc
18 August 2017
 

18 August 2017

 

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

UK company number 01399411

LSE share code: CAL             

ISIN: GB0001741544

LEI: 21380097W74N9OYF5Z25

 

DIRECTOR SHAREHOLDING

 

The Company has been notified of the following transactions in its ordinary shares of 1 pence each ("Shares") by Directors of the Company.

 

On 16 August 2017 share awards that were made on 16 August 2013 under the Company's 2008 Long Term Incentive Plan ("LTIP") became available to exercise after the performance conditions had been satisfied and following the conclusion of a one year holding period.  The total number of options exercised by Directors of the Company under the LTIP is shown in the table below:

 

Name of Director

Role

Number of LTIP options exercised

Number of Shares sold

Number of Shares retained

Hugh Scott-Barrett

Chairman

1,909,543

899,284

1,010,259

Charles Staveley

Group Finance Director

1,002,509

472,124

530,385

 

For all of the transactions in the above tables the options were exercised on 16 August 2017 at nil cost.  The sale of Shares took place on 17 August 2017 at an average price of 54.62 pence per share in order to satisfy the tax liability crystallising as a result of exercise of the options.

 

Following the above transactions, the total beneficial shareholdings of the Directors in the Company are as follows:

 

Name of Director

Role

Interest in Shares prior to transactions

Total Shares following transactions

Total Shares held post transactions as a % of total voting rights

Hugh Scott-Barrett

Chairman

2,240,000

3,250,259

0.46%

Charles Staveley

Group Finance Director

560,475

1,090,860

0.15%

 

This announcement is made in accordance with the requirements of the EU Market Abuse Regulation.

 

- ENDS -

 

For further information:

Capital & Regional:

Tel:  020 7932 8000

Lawrence Hutchings, Chief Executive


Charles Staveley, Group Finance Director




FTI Consulting:

Tel: 020 3727 1000

Richard Sunderland

Claire Turvey

capreg@fticonsulting.com


 

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. £1 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 company news service from the London Stock Exchange
 
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