17 June 2020
CAPITAL & REGIONAL PLC ("Capital & Regional" or "the Company")
UK company number 01399411
LSE share code: CAL
Results of Scrip dividend election
Capital & Regional is pleased to announce that a total of 7,935,601 ordinary shares of £0.10 each in the Company (the "scrip dividend shares") are to be issued pursuant to the election offered to shareholders to receive the final dividend for the year ended 30 December 2019 by way of the issue of new ordinary shares. This represents approximately 7.6 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 (the "admission"). It is expected that admission will occur on Wednesday, 24 June 2020.
Following the issue of the scrip dividend shares, the total number of shares in issue and voting rights in Capital & Regional will be 111,819,626 with effect from Wednesday, 24 June 2020. 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 Wednesday, 24 June 2020. The CREST, CSDP or broker accounts of dematerialised shareholders who elected to receive scrip dividend shares will be credited with scrip dividend shares on Wednesday, 24 June 2020.
For further information:
Capital & Regional
Lawrence Hutchings, Chief Executive Officer
Stuart Wetherly, Group Finance Director
+ 44 (0) 20 7932 8000
+ 44 (0) 20 3727 1000
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.