RNS Number : 2797Q
Capital & Regional plc
11 September 2017
 

11 September 2017

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

UK company number 01399411

LSE share code: CAL    

ISIN: GB0001741544

LEI: 21380097W74N9OYF5Z25

 

Issue of LTIP awards

 

Capital & Regional plc announces that Zedra Trust Company (Guernsey) Limited, the trustee of the Capital & Regional plc Employee Ownership Trust 2002 (the "Trustee") granted on 8 September 2017 the following share awards of ordinary shares of £0.01 per share under The Capital & Regional plc 2008 Long Term Incentive Plan (the "Plan") to the following Director of the Company:

 

Lawrence Hutchings (Chief Executive) - 1,260,504 ordinary shares

 

The exercise price for the awards granted is a maximum of £0.01 per share.  Performance conditions measured over a three year period will determine the extent to which the awards will vest.  Further detail on the performance conditions is provided on page 60 of the Company's Annual Report and Accounts for the year ended 30 December 2016.  A holding period applies such that, in normal circumstances, awards must be held for two years following the end of the performance period.  Malus and clawback provisions apply. 

 

- ENDS -

For further information:

Capital & Regional:

Tel:  020 7932 8000

Lawrence Hutchings, Chief Executive

 

Charles Staveley, Group Finance Director

 

 

 

 


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