Holding(s) in Company

RNS Number : 9340G

Capital & Regional plc

25 November 2015

 



25 November 2015

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

HOLDING(S) IN COMPANY

On 24 November 2015 the Company received notification that Karoo Investment Fund, of whom Wessel Hamman is a Non-Executive Director, had sold their remaining holding of 1,403,908 shares in the Company.  The sales completed on 20 November 2015 and were disposed of in the South African market at an average price of 14.08 ZAR per share equivalent to 66.4 pence per share based on an exchange rate of 21.2 ZAR to 1 GBP at 20 November 2015.

Following this sale the revised beneficial interest of Louis Norval is 136,918,366 ordinary shares, representing 19.5% of the Company's issued share capital.  Wessel Hamman no longer has a beneficial interest in any of the Company's shares.

ENDS

For further information:

Capital & Regional:	Tel:  [phone]
Hugh Scott-Barrett, Chief Executive
Charles Staveley, Group Finance Director

Notes to editors:

About Capital & Regional plc

Capital & Regional is a UK focused specialist property REIT with a strong track record of delivering value enhancing retail and leisure asset management opportunities across a c. £1 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 six Mall shopping centres in Blackburn, Camberley, Luton, Maidstone, Walthamstow and Wood Green. It also has a 20% joint venture interest in the Kingfisher Centre in Redditch and a 50% joint venture in the Buttermarket Centre, Ipswich.  Capital & Regional manages these assets, which comprise over 900 retail 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.

 

END

 

 

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