Capital & Regional plc Completion of Share Consolidation (8041Z)
15 January 2020 - 6:00PM
UK Regulatory
TIDMCAL
RNS Number : 8041Z
Capital & Regional plc
15 January 2020
15 January 2020
CAPITAL & REGIONAL PLC ("Capital & Regional" or "the
Company")
UK company number 01399411
LSE share code: CAL
ISIN: GB00BL6XZ716
LEI: 21380097W74N9OYF5Z25
Completion of Share Consolidation
As described in the Prospectus published by the Company on 7
November 2019 and following the announcement on 26 November 2019
that shareholders had approved the consolidation of every ten
Ordinary Shares of 1 pence each into one ordinary share of 10 pence
each (the "Consolidation"), Capital & Regional is pleased to
announce that the Consolidation has become effective.
The Consolidation has resulted in 103,884,038 ordinary shares of
10 pence each (the "New Consolidated Ordinary Shares") being in
issue, such New Consolidated Ordinary Shares having the same rights
and being subject to the same restrictions as ordinary shares in
issue prior to the Consolidation. The Company has made applications
for the New Consolidated Ordinary Shares to be admitted to the
Premium Segment of the Official List of the United Kingdom Listing
Authority and to trading on the London Stock Exchange's Main Market
for listed securities ("LSE") and to be listed on the Johannesburg
Stock Exchange ("JSE") ("Admission"). It is expected that Admission
will occur today, 15 January 2020.
The New Consolidated Ordinary Shares will trade from today on
the LSE and the JSE under the new International Securities
Identification Number code (ISIN) of GB00BL6XZ716.
For UK shareholders, those holding ordinary shares in CREST on
the record date of 14 January 2020 for the Consolidation will have
their CREST accounts credited with the New Consolidated Ordinary
Shares on 15 January 2020. Replacement share certificates for UK
certificated shareholders will be issued to certificated holders
within 14 days of Admission.
For South African shareholders, dematerialised shareholders'
accounts at their CSDP/broker will be updated on 20 January 2020 to
reflect the New Consolidated Ordinary Shares to which they are
entitled under the Consolidation as at 17 January 2020, being the
record date in South Africa for the Consolidation. Replacement
share certificates for South African certificated shareholders will
be issued on 20 January 2020 provided that old share certificates
have been lodged with the South African transfer secretaries by
12.00 p.m. on 20 January 2020. Share certificates received after
this time will be posted within 5 business days of receipt.
Following the Consolidation, the total number of shares in issue
and voting rights in Capital & Regional is 103,884,038. No New
Consolidated Ordinary Shares are held in treasury. The figure of
103,884,038 may be used by shareholders and others 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 the share capital of the Company under the UK Financial
Conduct Authority's Disclosure Guidance and Transparency Rules.
For further information:
Capital & Regional
Lawrence Hutchings, Chief Executive Officer + 44 (0) 20 7932
Stuart Wetherly, Group Finance Director 8000
Numis (Sponsor, Rule 3 and joint financial adviser
to Capital & Regional)
Heraclis Economides
Ben Stoop
Oliver Hardy + 44 (0) 20 7260
George Fry 1000
J.P. Morgan Cazenove (Joint financial adviser
to Capital & Regional)
Paul Hewlett
Leon Li
Henry Capper +44 (0) 20 7742
Paul Pulze 4000
FTI Consulting (PR adviser to Capital & Regional)
Richard Sunderland
Methuselah Tanyanyiwa
Claire Turvey + 44 (0) 20 3727
capreg@fticonsulting.com 1000
Java Capital Trustees and Sponsors (JSE sponsor + 27 (0) 11 722
to Capital & Regional) 3050
About Capital & Regional
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 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. Capital & Regional manages these assets through its
in-house expert property and asset management platform.
For further information see www.capreg.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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