Results of Scrip dividend election

Capital & Regional plc
25 May 2023
 

25 May 2023

 

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

UK company number 01399411

LSE share code: CAL   

ISIN: GB00BL6XZ716

LEI: 21380097W74N9OYF5Z25

 

RESULTS OF SCRIP DIVIDEND ELECTION

Capital & Regional announces that following approval of the renewal of the Company's Scrip Dividend Scheme at the Annual General Meeting earlier today a total of 4,353,136 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 2022 by way of the issue of new ordinary shares.  This represents approximately 2.6 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 Friday, 2 June 2023.

 

Following the issue of the scrip dividend shares, the total number of shares in issue and voting rights in Capital & Regional will be 173,545,054 with effect from Friday, 2 June 2023.  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 Friday, 2 June 2023. The CREST, CSDP or broker accounts of dematerialised shareholders who elected to receive scrip dividend shares will be credited with scrip dividend shares on Friday, 2 June 2023.

 

 

For further information:

Capital & Regional plc                      020 7932 8000

Lawrence Hutchings

Stuart Wetherly

 

FTI Consulting                                  020 3727 1000

Richard Sunderland                           

Maria Saud

Katie Hughes

capreg@fticonsulting.com

 

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 and/or manages shopping centres in Hemel Hempstead, Ilford, Maidstone, Redditch, 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.

 

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