Capital & Regional plc Director Shareholding (0957G)
24 May 2017 - 8:00PM
UK Regulatory
TIDMCAL
RNS Number : 0957G
Capital & Regional plc
24 May 2017
24 May 2017
CAPITAL & REGIONAL PLC ("Capital & Regional" or "the
Company")
UK company number 01399411
LSE share code: CAL
ISIN: GB0001741544
LEI: 21380097W74N9OYF5Z25
DIRECTOR SHAREHOLDING
On 23 May 2017 the Executive Directors of the Company were
granted share awards over the Company's 1 pence ordinary shares in
accordance with the terms of the Company's Deferred Bonus Share
Plan (the "Plan"), the introduction of which was approved by
shareholders at the Company's Annual General Meeting on 9 May 2017.
Under the Company's Remuneration Policy deferral under the Plan
applies to annual bonuses in excess of 60% of the maximum for
Executive Directors and 50% of the maximum for the Chief Executive.
The awards made, which related to the bonus for the financial year
ended 30 December 2016, were as follows:
Number
of Shares
subject
to the
award
-------------------- -----------
Hugh Scott-Barrett 225,040
-------------------- -----------
Charles
Staveley 32,818
-------------------- -----------
The awards have been made in the form of nil-cost options and
will vest on 30 March 2019, being the second anniversary of 30
March 2017, the date that the equivalent cash bonus was paid. The
price used to calculate the number of Shares awarded was 55.75
pence per Share, being the closing share price on 30 March
2017.
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
Hugh Scott-Barrett, 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 specialist retail REIT
with a strong track record of delivering value enhancing retail and
leisure asset management opportunities across a c. GBP1 billion
portfolio of in-town dominant community 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,
which comprise over 900 lettable units and attract c. 1.7 million
shopping visits each week, through its in-house expert property and
asset management platform.
For further information see www.capreg.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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