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CAPITAL & REGIONAL PLC - Completion of share consolidation

Release Date: 15/01/2020 09:00
Code(s): CRP     PDF:  
Wrap Text
Completion of share consolidation

CAPITAL & REGIONAL PLC
(Incorporated in the United Kingdom)
(UK company number 01399411)
LSE share code: CAL JSE share code: CRP
LEI: 21380097W74N9OYF5Z25
ISIN: GB00BL6XZ716
("Capital & Regional" or "the Company")


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                                                             + 44 (0) 20 7932 8000
Lawrence Hutchings, Chief Executive Officer
Stuart Wetherly, Group Finance Director

Numis (Sponsor, Rule 3 and joint financial adviser to Capital & Regional)      + 44 (0) 20 7260 1000
Heraclis Economides
Ben Stoop
Oliver Hardy
George Fry

J.P. Morgan Cazenove (Joint financial adviser to Capital & Regional)           +44 (0) 20 7742 4000
Paul Hewlett
Leon Li
Henry Capper
Paul Pulze

FTI Consulting (PR adviser to Capital & Regional)                              + 44 (0) 20 3727 1000
Richard Sunderland
Methuselah Tanyanyiwa
Claire Turvey
capreg@fticonsulting.com

Java Capital Trustees and Sponsors (JSE sponsor to Capital & Regional)         + 27 (0) 11 722 3050

15 January 2020


JSE sponsor
Java Capital


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 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

Date: 15-01-2020 09:00:00
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