HOME     SUBSCRIBERS     TRADE     PRODUCTS & SERVICES    
About Sharenet
Enter any share name or code:    

14-Dec-2017
(Official Notice)
Capco has acquired the long leasehold interest in 15-17 Long Acre - 27b Floral Street for GBP79 million before purchaser?s costs.



Located at the western end of Floral Street, opposite the Floral Court development, the property benefits from dual frontage on both Floral Street and Long Acre and presents long-term asset management opportunities.



The property generates an annual rental income of GBP3.4 million across 42 600 square feet with 60 per cent of the income attributable to the retail space, which comprises 18 500 square feet, and the remainder of the space let as offices.
08-Nov-2017
(Official Notice)
Capco notes the recent press speculation and confirms that it remains in discussions with the London Borough of Hammersmith - Fulham (?LBHF?) to bring forward an enhanced masterplan for the Earls Court Opportunity Area.



An enhanced masterplan would seek to deliver an increased number of homes across all tenures throughout the wider Earls Court Opportunity Area, and could involve LBHF taking the lead on future plans for the West Kensington and Gibbs Green Estates (the ?Estates?).



In the event that an enhanced masterplan does not progress or agreement is not reached, the Conditional Land Sale Agreement (the ?CLSA?, a binding agreement in relation to the Estates) will remain in place.



Further announcements will be made in due course as appropriate.
28-Sep-2017
(Official Notice)
Capco announced that a total of 443 695 new ordinary shares of 25 pence each in the capital of the Company (the ?Scrip Shares?) will be issued on 29 September 2017.



The Scrip Shares will be credited as fully paid and rank pari passu with the existing ordinary shares of 25 pence each in the capital of the Company including the right to receive all future dividends and distributions declared, made or paid.



Application has been made for admission to the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange?s (?LSE?) main market for listed securities. The Company has also applied to the Johannesburg Stock Exchange (?JSE?) for the listing of the Scrip Shares on the Main Board of the JSE. The listing of the Scrip Shares on the LSE and the JSE will become effective 29 September 2017.
27-Sep-2017
(Official Notice)
The board of Capco announced the appointment of Charlotte Boyle as a non-executive director of the company which will be effective from 1 October 2017. On appointment, Charlotte will become a member of the Remuneration Committee and a member of the Nomination Committee.
31-Aug-2017
(Official Notice)
Capco published the following circulars:

i) scrip dividend circulars for those shareholders holding their shares on the UK share register, and those shareholders holding their shares on the South African share register. The circulars explain the terms of the scrip dividend alternative being offered in respect of the 2017 interim dividend, and how shareholders may elect to receive the scrip dividend alternative; and

ii) a letter to shareholders regarding electronic communications.



Copies of the circulars have been submitted to the National Storage Mechanism and will shortly be available for inspection at:

* www.morningstar.co.uk/uk/nsm



The circulars may also be viewed on the Company?s website at:

* www.capitalandcounties.com
29-Aug-2017
(Official Notice)
21-Jul-2017
(Official Notice)
Capco announces that Covent Garden Group Holdings Ltd., the holding company for Capco?s Covent Garden assets and a wholly owned subsidiary of Capco, has signed an agreement with eight institutional investors, for a private placement of GBP225 million senior unsecured notes with maturities ranging from seven to 20 years. The sterling denominated unsecured debt has a weighted average fixed rate coupon of 2.75%.



It is expected that closing and funding of the transaction will occur in August. The new issue will share the same financial covenants as the existing GBP325 million of private placement notes issued in 2014 and 2016 and the GBP705 million bank facility signed in December 2015. Proceeds of the issue will be used initially to repay the bank facility and for subsequent investment on the Covent Garden estate.



Barclays Bank PLC and Natwest Markets acted as joint active agents on this transaction and were supported by Santander and HSBC.
21-Jul-2017
(C)
11-Jul-2017
(Official Notice)
Capital - Counties Properties PLC announces that Demetra Pinsent is to step down as a non-executive director of the company with effect from 30 September 2017 due to the increasing time requirements of her other roles.
21-Jun-2017
(Official Notice)
Capco announced that it intends to release its interim results for the six months ending 30 June 2017 on Friday 21 July 2017.
02-Jun-2017
(Official Notice)
Capco announced that Demetra Pinsent, non-executive director of the company, was appointed as a non-executive director of Belmond Ltd. with effect from 1 June 2017.
30-May-2017
(Official Notice)
CAPCO (the ?company?) announced that a total of 1 653 429 new ordinary shares of GBP25 pence each in the capital of the company (the ?Scrip Shares?) will be issued on 31 May 2017.



The Scrip Shares will be credited as fully paid and rank pari passu with the existing ordinary shares of GBP25 pence each in the capital of the company including the right to receive all future dividends and distributions declared, made or paid.



Application has been made for admission to the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange?s (?LSE?) main market for listed securities. The company has also applied to the Johannesburg Stock Exchange (?JSE?) for the listing of the Scrip Shares on the Main Board of the JSE. The listing of the Scrip Shares on the LSE and the JSE will become effective 31 May 2017.
05-May-2017
(Official Notice)
Following the approval of the 2016 final dividend, it is confirmed that the scrip dividend alternative will be offered to shareholders in respect of the dividend.



The Board notes that, although resolutions 18 and 19 were passed with the requisite majorities, 44.32% and 20.39% respectively of votes received were against each resolution. This voting outcome reflects differing market practice between the UK and South Africa. As a UK premium listed company, the Board considers it appropriate to seek authorities in line with the Investment Association's Share Capital Management Guidelines, to allow the Company to respond to market developments and to enable allotments to take place to finance business opportunities as they arise. However, market practice for South African institutional shareholders is to vote on proposed allotments of shares on a case by case basis.



In accordance with paragraph 9.6.2 of the Listing Rules, copies of the resolutions passed at the meeting, other than resolutions concerning ordinary business, have been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.morningstar.co.uk/uk/NSM
28-Apr-2017
(Official Notice)
Capital - Counties Properties PLC announces that Ian Durant, chairman of the company, has been appointed as chairman of DFS Furniture plc with effect from 2 May 2017.

11-Apr-2017
(Official Notice)
CAPCO has published scrip dividend circulars for those shareholders holding their shares on the UK share register, and those shareholders holding their shares on the South African share register. The circulars explain the terms of the scrip dividend alternative being offered in respect of the 2016 final dividend, and include the scrip dividend mandate forms.



Copies of the circulars have been submitted to the National Storage Mechanism and will shortly be available for inspection at: http://www.morningstar.co.uk/uk/nsm



The circulars may also be viewed on the company?s website at: http://www.capitalandcounties.com/
10-Apr-2017
(Official Notice)
Capco announced that it has exchanged and completed on the sale of Venues, its exhibition business, comprising Olympia London together with certain related property assets, for a total gross cash consideration of GBP296 million (the ?Disposal?). Venues has been sold to a consortium of German institutional investors, which includes Bayerische Versorgungskammer (Germany?s largest manager of public pension schemes investing through a fund managed by Universal-Investment) as the single largest shareholder, the Versicherungskammer Bayern Group (Germany?s largest public insurer) and DFI European Value Add Fund (together the ?Consortium?). The Consortium is advised by investment firm Deutsche Finance International and Yoo Capital, as UK co-investor. Capco has been advised by Rothschild and CBRE on this transaction.



Highlights

- The Disposal is for a total gross consideration of GBP296 million (before net debt and working capital adjustments)

- After repayment of debt, working capital adjustments and transaction-related costs, net proceeds are approximately GBP229 million, in line with the net asset value of Venues

- The Disposal provides an opportunity for Capco to realise significant cash proceeds which will be used initially to repay bank debt and subsequent to this, for deployment in Capco?s core central London estates, as well as to take advantage of opportunities as they arise

- Following the Disposal, Capco?s pro-forma LTV as at 31 December 2016 decreases from 23 per cent to 17 per cent
07-Apr-2017
(Official Notice)
07-Apr-2017
(Official Notice)
Capco confirms that it is in advanced discussions concerning the sale of Venues, its exhibition business, comprising Olympia London together with certain related property assets for a price in line with the 31 December 2016 valuation. There is no certainty that the sale will proceed and further announcements will be made as appropriate.

20-Mar-2017
(Official Notice)
To reflect Capco?s strategy of driving value creation over the longer term, the Board has taken the decision to cease publication of formal Trading Updates in May and November. The Group remains committed to full and transparent disclosure and will continue with full-year and interim results announcements.
20-Mar-2017
(Official Notice)
Capco published the following documents:

- Annual Report for the year ended 31 December 2016 ("Annual Report");

- Notice of 2017 Annual General Meeting ("Notice"); and

- Scrip Dividend Scheme Booklet (?Booklet?) in relation to the Capital - Counties Properties PLC scrip dividend scheme which the Company seeks approval to renew at the 2017 Annual General Meeting.



Each of these documents is available electronically on the Company's website at www.capitalandcounties.com.
22-Feb-2017
(C)
Net rental income for the year ended 31 December 2016 increased to GBP82 million (2015: GBP75.3 million). Operating loss amounted to GBP212.8 million (2015: profit of GBP472 million) while loss attributable to owners of the parent came to GBP118.6 million (2015: profit of GBP431.1 million). Furthermore, headline loss per share was at GBP0.5 pence per share (2015: headline earnings per share GBP0.9 pence per share).



Dividends

The Board has proposed a final dividend of 1.0 pence per share to be paid on 31 May 2017 to shareholders on the register at 21 April 2017. Subject to SARB approval, a scrip dividend alternative will be offered. Together with the interim dividend paid in September this brings the total dividend for the year to 1.5 pence per share.



Prospects

Despite macro-economic uncertainty and challenging market conditions, Capco's strategy remains clear and focused. London is an outstanding global city and we have two of its best estates. Capco's strong balance sheet and unique assets are well- placed for management to create and deliver long-term value for shareholders.
30-Jan-2017
(Official Notice)
Capco announced that it intends to release its preliminary results for the year ended 31 December 2016 on Wednesday 22 February 2017.
28-Nov-2016
(Official Notice)
21-Nov-2016
(Official Notice)
Capco announced that it intends to release a trading update for the period 1 July 2016 to 28 November 2016 on Monday 28 November 2016.
16-Nov-2016
(Official Notice)
Capital - Counties Properties PLC (?Capco?) announced that Situl Jobanputra will be appointed to the executive director position of Chief Financial Officer with effect from 1 January 2017. This follows the resignation of Soumen Das as Managing Director - Chief Financial Officer announced on 26 July 2016. The responsibility for the oversight of Covent Garden will revert to Ian Hawksworth, Chief Executive of Capco, with immediate effect. Soumen will step down as Chief Financial Officer on 31 December 2016 but will remain at Capco until 15 January 2017 to ensure a smooth transition.



Situl is an experienced corporate financier having led Deutsche Bank?s UK real estate investment banking team before joining Capco in January 2014 to provide support on corporate finance and capital markets and to oversee the finance functions at Earls Court and Lillie Square.
31-Oct-2016
(Official Notice)
Capco has acquired the freehold interest of Tower House, 10 Southampton Street, Covent Garden, from Derwent London PLC (?Derwent London?) for ?67.5m before purchaser?s costs. The property is a substantial corner building located at the junction of Southampton Street and Tavistock Street with views towards the Piazza. The multi-let building produces an annual rental income of GBP3.1m across 53,700 sq ft which comprises 13,800 sq ft of retail, 37,000 sq ft of offices and 2,900 sq ft of residential accommodation.
29-Sep-2016
(Official Notice)
Capital - Counties Properties PLC (the ?company?) announced that a total of 303 831 new ordinary shares of GBP25 pence each in the capital of the company (the ?Scrip Shares?) will be issued on 30 September 2016.



The Scrip Shares will be credited as fully paid and rank pari passu with the existing ordinary shares of GBP25 pence each in the capital of the company including the right to receive all future dividends and distributions declared, made or paid.



Application has been made for admission to the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange?s (?LSE?) main market for listed securities. The company has also applied to the Johannesburg Stock Exchange (?JSE?) for the listing of the Scrip Shares on the Main Board of the JSE. The listing of the Scrip Shares on the LSE and the JSE will become effective 30 September 2016.
26-Sep-2016
(Official Notice)
Capco announces that Covent Garden Group Holdings Ltd., the holding company for Capco?s Covent Garden assets and a wholly owned subsidiary of Capco, has signed an agreement with five US institutional investors for a private placement of ?175 million 10 year and 12 year senior unsecured notes.



The issue consists of two tranches: ?125 million at a fixed coupon of 2.28% due 2026 and ?50 million at a fixed coupon of 2.37% due 2028. The proceeds will strengthen the Group?s capital structure and provide greater financial flexibility and resources. Closing and funding of the transaction will occur in November 2016. The new issue will share the same financial covenants as the existing ?150 million private placement notes issued in December 2014 and the ?705 million bank revolving credit facility signed in December 2015. Proceeds of the issue will be used initially to repay the bank facility.



05-Sep-2016
(Official Notice)
30-Aug-2016
(Official Notice)
The company confirms that approval has been received from the South African Reserve Bank (SARB) for the offering of a scrip dividend alternative and accordingly shareholders are able to elect to receive new ordinary shares in the company, credited as fully paid, in lieu of cash in respect of the 2016 interim dividend of 0.5 pence per ordinary share. The exchange rate and the scrip calculation price, together with the scrip ratio, will be published on 5 September 2016 as previously announced.

26-Jul-2016
(Official Notice)
Capital - Counties Properties PLC (?Capco?) announces that Soumen Das, Managing Director - Chief Financial Officer, has informed the Board of his resignation to take up the position of Chief Financial Officer at SEGRO plc. Soumen will remain at Capco until an orderly transition has been completed. As the effective date of his resignation is not yet confirmed, this will be announced separately. The board has commenced a process to appoint his successor.

26-Jul-2016
(C)
Revenue from continuing operations for the interim period 30 June 2016 increased to GBP58.4 million (2015: GBP52 million). Net rental income grew to GBP40.9 million (2015: GBP38.4 million). Loss attributable to owners came in at GBP109 million (2015:profit of GBP263.9 million). Furthermore, headline loss per share was GBP1.6pps (2015: nil pps)



Dividend

The board has proposed an interim dividend of 0.5 pence per share to be paid on 30 September 2016 to shareholders on the register at 9 September 2016. Subject to SARB approval a scrip dividend alternative will be offered.



Prospects

Capco have two of London's very best estates at Covent Garden and Earls Court. Covent Garden is established as a world class retail location, attracting high retailer and consumer demand and continues to deliver immediate value creation. We are delighted to have signed brands such as Mulberry and Petersham Nurseries over the period. At Earls Court, we continue to make positive progress on site. Whilst the last quarter has been characterised by uncertainty in the London market as a whole, the value of this estate will increasingly be realised in the years ahead.



Whilst it is too early to make firm predictions following the result of the EU referendum, we remain confident in our estates and current conditions on the ground remain positive. Since 23 June, at Covent Garden we have signed three leases as well as putting a further GBP1 million of space under offer; and at Lillie Square four new reservations have been agreed. Covent Garden is well positioned to outperform and the ERV target of GBP100 million remains on track as it consolidates its position as a prime retail destination. At Earls Court, we will continue to progress with land enablement and planning activities as we prepare the site for the future. Capco's financial position is strong and with low leverage, high liquidity and modest capital commitments, the business is well placed to withstand macroeconomic uncertainty. Capco's strategy remains unchanged as we aim to deliver value creation for shareholders over time from two exceptional real estate investments in the world's greatest city.



30-Jun-2016
(Official Notice)
Capital and Counties Properties PLC announces that it intends to release its interim results for the six months ended 30 June 2016 on Tuesday 26 July 2016.







20-Jun-2016
(Official Notice)
Capco announced that a total of 1 275 480 new ordinary shares of 25 pence each in the capital of the Company (the ?Scrip Shares?) will be issued on 21 June 2016. The Scrip Shares will be credited as fully paid and rank pari passu with the existing ordinary shares of 25 pence each in the capital of the Company including the right to receive all future dividends and distributions declared, made or paid.



Application has been made for admission to the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange?s main market for listed securities. The Company has also applied to the Johannesburg Stock Exchange for the listing of the Scrip Shares on the Main Board of the Johannesburg Stock Exchange. The listing of the Scrip Shares on the London Stock Exchange and the Johannesburg Stock Exchange will become effective 21 June 2016.
17-May-2016
(Official Notice)
Capco announces that it has signed a significant pre-let following positive demand for its Kings Court development in Covent Garden. Petersham Nurseries, the world-renowned lifestyle brand will occupy over 16,000 square feet (NIA), creating new bespoke retail and dining concepts across four units.



Covering circa 60 per cent of the scheme?s commercial space, this is the first major signing at Kings Court and begins the repositioning of Floral Street, extending Capco?s placemaking approach onto this key street.



Plans for the Kings Court development include a new public courtyard, 10 retail and dining units as well as 45 premium apartments. The development will open up the western side of Covent Garden, enhancing the linkage and permeability between King Street and Floral Street. The development of Kings Court is progressing well and is on track for completion in 2017.



13-May-2016
(Official Notice)
09-May-2016
(Official Notice)
A typographical error has been amended and marked with an asterisk (*). All other details remain unchanged.



Following the approval of the 2015 final dividend, it is confirmed that the scrip dividend alternative will be offered to shareholders in respect of the dividend.



The Board notes that, although resolution 16 was passed with the requisite majority, 19.78%* of votes received were against the resolution. This voting outcome reflects differing market practice between the UK and South Africa. As a UK premium listed company, the Board considers it appropriate to seek authority in line with the Investment Association?s Share Capital Management Guidelines, to allow the Company to respond to market developments and to enable allotments to take place to finance business opportunities as they arise. However, market practice for South African institutional shareholders is to vote on proposed allotments of shares on a case by case basis. In accordance with paragraph 9.6.2 of the Listing Rules, copies of the resolutions passed at the meeting, other than resolutions concerning ordinary business, have been submitted to the National Storage Mechanism and will shortly be available for inspection at: http://www.morningstar.co.uk/uk/NSM
06-May-2016
(Official Notice)
Capco announced the results of the voting by poll on the resolutions put to the Company's Annual General Meeting held on 6 May 2016. Following the approval of the 2015 final dividend, it is confirmed that the scrip dividend alternative will be offered to shareholders in respect of the dividend.



The Board notes that, although resolution 16 was passed with the requisite majority, 80.22% of votes received were against the resolution. This voting outcome reflects differing market practice between the UK and South Africa. As a UK premium listed company, the Board considers it appropriate to seek authority in line with the Investment Association's Share Capital Management Guidelines, to allow the Company to respond to market developments and to enable allotments to take place to finance business opportunities as they arise. However, market practice for South African institutional shareholders is to vote on proposed allotments of shares on a case by case basis.



In accordance with paragraph 9.6.2 of the Listing Rules, copies of the resolutions passed at the meeting, other than resolutions concerning ordinary business, have been submitted to the National Storage Mechanism and will shortly be available for inspection at: http://www.morningstar.co.uk/uk/NSM
06-May-2016
(Official Notice)
22-Apr-2016
(Official Notice)
Capco announced that it intends to release a trading update for the period 1 January 2016 to 6 May 2016 on Friday 6 May 2016.
16-Mar-2016
(Official Notice)
Capco published its Annual Report for the year ended 31 December 2015 ("Annual Report") and Notice of 2016 Annual General Meeting ("Notice"). Both documents are available electronically on the Company's website at www.capitalandcounties.com. In compliance with LR 9.6.1 copies of the above documents have been submitted to the National Storage Mechanism for submission to the Financial Conduct Authority and will shortly be available for inspection at: www.morningstar.co.uk/UK/NSM.



Attention is drawn to the Company's Audited Preliminary Results which were published on 24 February 2016. In accordance with DTR 6.3.5, information has been extracted from the Annual Report and is included in the Audited Preliminary Results which were released on 24 February 2016. This constitutes the material required by DTR 6.3.5 to be communicated to the media in unedited full text through a Regulatory Information Service.



A hard copy of the Annual Report and Notice will be posted to those shareholders who have elected to receive shareholder information in hard copy on 30 March 2016. Shareholders who have elected to receive shareholder information electronically will be notified that these documents are available on the Company's website.
24-Feb-2016
(C)
09-Feb-2016
(Official Notice)
The Board of Capital - Counties Properties PLC is pleased to announce the appointment of Anthony Steains as a Non-executive Director of the Company with effect from 1 March 2016. On appointment, Anthony will become a member of the Nomination Committee.



It is also announced that Ian Henderson will retire from the Capco Board and as Deputy Chairman and Senior Independent Director at the Company?s forthcoming AGM on 6 May 2016, and will step down as Chairman of the Remuneration Committee with effect from 25 April 2016. The Board is pleased that Ian will remain available to the Company on a consultancy basis following his retirement from the Board, allowing the Company to continue to benefit from his extensive experience. Following this, Gerry Murphy will be appointed as Chairman of the Remuneration Committee with effect from 25 April 2016, and Demetra Pinsent will join the Remuneration Committee on the same date. The role of Senior Independent Director will be taken up by Henry Staunton on Ian Henderson?s retirement.



Anthony Steains is the Chief Executive Officer of Comprador, a strategic corporate finance advisory firm based in Hong Kong, and has over 20 years of corporate finance experience. Prior to founding Comprador in 2015, Anthony was a Senior Managing Director and Head of Blackstone Advisory Partners in Asia, which he established in 2008. Prior to joining Blackstone, Anthony held senior positions in Asia at Lehman Brothers, Deutsche Bank and ING Barings. Anthony qualified as a Chartered Accountant in Australia with Coopers - Lybrand and holds a Bachelor of Laws from the University of London.
15-Jan-2016
(Official Notice)
Capital - Counties Properties PLC announces that it intends to release its preliminary results for the year ended 31 December 2015 on Wednesday 24 February 2016.





10-Nov-2015
(Official Notice)
09-Nov-2015
(Official Notice)
Capco noted the recent press speculation with regards to its Venues business.



Following the successful transition of shows from the former Earls Court Exhibition Centres and a major refurbishment programme, Capco confirms that it is conducting a strategic review which may or may not lead to a sale of its Venues business.



Any further announcements will be made as appropriate.
03-Nov-2015
(Official Notice)
Capco announced that it intends to release a trading update for the period 1 July 2015 to 10 November 2015 on Tuesday 10 November 2015.
25-Sep-2015
(Official Notice)
Capco announced that a total of 122 277 new ordinary shares of 25 pence each in the capital of the Company (the ?Scrip Shares?) will be issued on 25 September 2015. The Scrip Shares will be credited as fully paid and rank pari passu with the existing ordinary shares of 25 pence each in the capital of the Company including the right to receive all future dividends and distributions declared, made or paid.



Application has been made for admission to the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange?s main market for listed securities (?UK Admission?). The Company has also applied to the Johannesburg Stock Exchange for the listing of the Scrip Shares on the Main Board of the Johannesburg Stock Exchange. The listing of the Scrip Shares on the London Stock Exchange and the Johannesburg Stock Exchange will become effective 25 September 2015.
01-Sep-2015
(Official Notice)
In accordance with Listing Rule 9.6.14R(2), Capco announced that Henry Staunton, a non-executive Director of the Company, has been appointed as Chairman of Phoenix Group Holdings with effect from 1 September 2015.
21-Aug-2015
(Official Notice)
Capco confirms that SARB approval for the offering of a scrip dividend alternative has been obtained and accordingly shareholders are able to elect to receive new ordinary shares in the Company, credited as fully paid, in lieu of cash in respect of the 2015 interim dividend of 0.5 pence per ordinary share.



Exchange Rate for Final Dividend

The Company confirms that the South African Rand exchange rate for the 2015 interim dividend of 0.5 pence per ordinary share to be paid on 25 September 2015, to all shareholders registered on 4 September 2015, will be ZAR20.2973 to GBP1. On this basis, shareholders who hold their shares via the South African register will receive a cash dividend of ZAR10.14865 cents per ordinary share.



Scrip Calculation Price

The Scrip Calculation prices are as follows:

* UK (principal register): 469.78 pence (Sterling)

* South Africa: 9 463.05135 cents (South African Rand)



The same share prices will be used for calculating residual payments under the Scrip Dividend Scheme.

Scrip Ratio:

* UK (principal register): 1 new ordinary share for every 939.56 ordinary shares held

* South Africa: 1 new ordinary share for every 932.44435 ordinary shares held (9 463.05135 / 10.14865 = 932.44435)



As no fraction of a share can be issued, the number of shares to be issued will be rounded down to the nearest whole number and any residual cash balance will be paid immediately to the relevant shareholder (unless a UK shareholder has made an ?evergreen election?). The salient dates published in the announcement dated 29 July 2015 remain unchanged.
29-Jul-2015
(C)
01-Jul-2015
(Official Notice)
Capco announced that it intends to release its interim results for the six months ended 30 June 2015 on Wednesday 29 July 2015.
30-Jun-2015
(Official Notice)
As at 30 June 2015, the Company?s capital consists of 841 865 552 Ordinary Shares of 25 pence each. The Company holds no shares in treasury and the total number of voting rights is 841 865 552. The above figure 841 865 552 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 in their interest in, the Company under the Disclosure and Transparency Rules.
18-Jun-2015
(Official Notice)
Capital - Counties Properties PLC (the ?company?) announced that a total of 1,028,609 new ordinary shares of 25 pence each in the capital of the company (the ?Scrip Shares?) will be issued on 19 June 2015.



The Scrip Shares will be credited as fully paid and rank pari passu with the existing ordinary shares of 25 pence each in the capital of the company including the right to receive all future dividends and distributions declared, made or paid.



Application has been made for admission to the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange?s main market for listed securities (?UK Admission?). The company has also applied to the Johannesburg Stock Exchange for the listing of the Scrip Shares on the Main Board of the Johannesburg Stock Exchange. The listing of the Scrip Shares on the London Stock Exchange and the Johannesburg Stock Exchange will become effective 19 June 2015.
15-May-2015
(Official Notice)
04-May-2015
(Official Notice)
All the resolutions at Capco's AGM held on 4 May 2015 were passed by shareholders. Following the approval of the 2014 final dividend, it is confirmed that the scrip dividend alternative will be offered to shareholders in respect of the dividend. In accordance with paragraph 9.6.2 of the Listing Rules, copies of the resolutions passed at the meeting, other than resolutions concerning ordinary business, have been submitted to the National Storage Mechanism and will shortly be available for inspection at: http://www.morningstar.co.uk/uk/NSM
04-May-2015
(Official Notice)
Capco published a trading update for the period to 1 January 2015 to 1 May 2015.



Covent Garden:

Supporting rental growth through granular asset management, strategic investment and placemaking

* On track to achieve ERV target of GBP100 million by 2017, representing an underlying annualised growth rate of circa 10 per cent

* Leasing momentum on King Street expanding the contemporary luxury and dining offering

? French tea-house, Mariage Fr?res, will open its first UK stand-alone store

? Italian brand, Stefanel, has opened its latest store, offering their take on luxury knitwear

* Repositioning of Henrietta Street with a menswear focus and re-invigorated dining offering continues. Denim store, Edwin, will be opening shortly and Flat Iron has taken up space for its latest London restaurant

* Continued investment in estate with development of Kings Court - Carriage Hall on track; and GBP32 million acquisition of 31-33 Bedford Street, a key access point onto the estate

* Strong demand for luxury developments The Beecham and The Southampton

? A further two apartments under offer at the Beecham and all seven apartments leased at The Southampton



Earls Court Properties:

Driving value creation through planning, land assembly, land enablement and selective development

* Demolition of EC1 - EC2 on track and progressing well

* Completion of Earls Court Partnership Ltd. (?ECPL?), the investment vehicle with TfL in respect of EC1 - EC2 (Capco share 63 per cent)

* Detailed planning consent for West Brompton Square granted by the Royal Borough of Kensington and Chelsea

* GBP7 million of acquisitions around the Masterplan area

* Construction of Phase 1 at Lillie Square continues with completions on track for 2016



Venues:

* A busy calendar at Olympia London, including the Ideal Home Show and International Book Fair for the first time following the successful transition of activities last year



Strong financial position

* Loan-to-value of 13 per cent (based on 31 December 2014 property values) and liquidity of GBP603 million

As at 31 March 2015, Capco had capital commitments of GBP242 million.
30-Apr-2015
(Official Notice)
As at 30 April 2015, the Company?s capital consists of 840 836 943 Ordinary Shares of 25 pence each. The Company holds no shares in treasury and the total number of voting rights is 840 836 943.



The above figure 840 836 943 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 in their interest in, the Company under the Disclosure and Transparency Rules.
17-Apr-2015
(Official Notice)
Capco announced that it intends to release a trading update for the period 1 January 2015 to 1 May 2015 on Friday 1 May 2015.
07-Apr-2015
(Official Notice)
Capco confirms that completion of Earls Court Partnership Ltd., (?ECPL?), the investment vehicle established with Transport for London (?TfL?) in respect of Earls Court 1 - 2 (?EC1 - EC2?), has occurred following the grant of leases and transfers of land into ECPL.



ECPL now owns new 999 year leases over EC1 - EC2. In addition, ECPL has acquired certain other adjacent property interests from Capco which are primarily located on and around Lillie Road and which as at 31 December 2014 were valued at GBP49 million.



ECPL is a UK limited company in which Capco owns 63 per cent and TfL owns 37 per cent of the shares respectively. Capco is leading the investment vehicle following its appointment as exclusive business and development manager.
31-Mar-2015
(Official Notice)
As at 31 March 2015, the Company?s capital consists of 840 821 230 Ordinary Shares of 25 pence each. The Company holds no shares in treasury and the total number of voting rights is 840 821 230. The above figure 840 821 230 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 in their interest in, the Company under the Disclosure and Transparency Rules.
20-Mar-2015
(Official Notice)
Capital - Counties Properties PLC has today published its Annual Report for the year ended 31 December 2014 ("Annual Report") and Notice of 2015 Annual General Meeting ("Notice"). Both documents are available electronically on the Company's website at www.capitalandcounties.com. In compliance with LR 9.6.1 copies of all the above documents have been submitted to the National Storage Mechanism for submission to the UK Listing Authority and will shortly be available for inspection at: www.morningstar.co.uk/UK/NSM



Attention is drawn to the Company's Audited Preliminary Results which were published on 26 February 2015. In accordance with DTR 6.3.5, information has been extracted from the Annual Report and is included in the Audited Preliminary Results which were released on 26 February 2015. This constitutes the material required by DTR 6.3.5 to be communicated to the media in unedited full text through a Regulatory Information Service. A hard copy of the Annual Report and Notice will be posted to those shareholders who have elected to receive shareholder information in hard copy on 25 March 2015. Shareholders who have elected to receive shareholder information electronically will be notified that these documents are available on the Company's website.
26-Feb-2015
(Official Notice)
As noted in the 2014 Annual Results press release, Capco announced changes to the responsibilities of the Investment Director and Finance Director.



Both directors will continue to report to Ian Hawksworth, who leads Capco as Chief Executive.



Gary Yardley will become Managing Director - Chief Investment Officer assuming board-level oversight for the investment performance of Earls Court, Olympia, major acquisitions across the company and new business.



Soumen Das will become Managing Director - Chief Financial Officer, assuming board-level oversight for the investment performance of Covent Garden.



These changes will become effective on 1 March 2015.
26-Feb-2015
(C)
Net rental income for the year ended 31 December 2014 increased to GBP70 million (GBP60.3million). Operating profit jumped to GBP474.2 million (GBP337.6 million), while profit for the year attributable to the parent grew to GBP448.6 million (GBP337.4 million). Headline earnings per share decreased to GBP1.3pps (GBP3pps).



Dividends

The board has proposed a final dividend of GBP1.0 pence per share to be paid on 19 June 2015 to shareholders on the register at 29 May 2015. Subject to SARB approval, the board intends to offer a scrip dividend alternative.



Prospects

Capco remains well positioned to deliver further significant value for its shareholders from its strategy to drive value creation at Covent Garden and Earls Court. At Covent Garden, the focus continues to be on attracting new premium retail and restaurant brands, to drive rental growth, while investing selectively in acquisitions and developments which enhance the estate and meet our return objectives. At Earls Court, the focus is on continued enablement of the EC1 - EC2 land through demolition, planning applications which enhance the vision for the scheme, as well as sales of Phase 2 at Lillie Square. The balance sheet is strong and flexible, strengthened over the year with our new bank facilities, a US Private Placement and the successful equity raise in May. We remain alert to the uncertainty which may arise from the upcoming General Election. However, Capco's strategy is clear and focused and with two unique assets in prime central London, we are well positioned to deliver long-term value for our shareholders. We enter a new year with confidence.
29-Jan-2015
(Official Notice)
The board of Capco announced the appointment of Gerry Murphy as a non-executive director of the company with effect from 1 March 2015. On appointment Gerry will become a member of the Remuneration Committee, Audit Committee and Nomination Committee. It is also announced that Andrew Huntley has indicated his intention to retire from the Capco board at the company?s forthcoming AGM, and to step down from the Remuneration Committee with effect from 1 March 2015.
22-Jan-2015
(Official Notice)
Capco announced that it intends to release its preliminary results for the year ended 31 December 2014 on Thursday 26 February 2015.
07-Nov-2014
(Official Notice)
GBP150 million US private placement debt raised for Covent Garden



Capco announces that Capco Covent Garden Ltd., the holding company for Capco's Covent Garden assets and a wholly owned subsidiary of Capco, has signed an agreement with five US institutional investors for a private placement of GBP150 million 10 and 12 year senior unsecured notes.



The issue consists of two tranches: GBP75 million 3.63% Senior Notes due 2024 and GBP75 million 3.68% Senior Notes due 2026. Closing and funding of the transaction will occur in December. The proceeds will be used to repay bank debt and for general corporate purposes.



The Royal Bank of Scotland plc acted as sole placement agent for the transaction.



07-Nov-2014
(Official Notice)
Interim management statement for the period 1 July to 7 November 2014



Value growth through transformation strategy at Covent Garden

*New Zone A rent achieved on James Street of GBP925 per square foot (June 2014: GBP800 per square foot Zone A)

*New lettings and renewals completed at 11.1 per cent above June 2014 ERV

*Royal Opera House Arcade and Henrietta Street repositioning underway with introduction of Bobbi Brown, Clinique and The Real McCoy's

*Further expansion of the estate following acquisition of 10 Bedford Street bringing investment in acquisitions year-to-date to GBP144 million

*On track to achieve ERV target of GBP85 million by December 2016



Value creation through continued momentum at Earls Court

*Progressing towards demolition of EC1 - EC2 in 2015

*GBP26 million of acquisitions around the Earls Court Masterplan area

*Phase 1 of Lillie Square predominantly sold and enabling works underway



Strong financial position

*LTV of 10 per cent and liquidity of GBP754 million (pro forma adjusted) as at 30 September 2014

*GBP150 million US private placement of 10 and 12 year senior unsecured notes

14-Oct-2014
(Official Notice)
Capital - Counties Properties PLC announces that it intends to release its interim management statement for the period from 1 July 2014 to 7 November 2014 on Friday 7 November 2014.

25-Sep-2014
(Official Notice)
Capital - Counties Properties PLC (the Company) announces that a total of 174,600 new ordinary shares of 25 pence each in the capital of the Company (the Scrip Shares) will be issued on 26 September 2014. The Scrip Shares will be credited as fully paid and rank pari passu with the existing ordinary shares of 25 pence each in the capital of the Company including the right to receive all future dividends and distributions declared, made or paid.



Application has been made for admission to the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange?s main market for listed securities (UK Admission). The Company has also applied to the Johannesburg Stock Exchange for the listing of the Scrip Shares on the Main Board of the Johannesburg Stock Exchange. The listing of the Scrip Shares on the London Stock Exchange and the Johannesburg Stock Exchange will become effective 26 September 2014.

29-Aug-2014
(Official Notice)
As at 29 August 2014, the company's capital consists of 835 778 262 Ordinary Shares of 25 pence each. The company holds no shares in treasury and the total number of voting rights is 835 778 262.



The above figure (835 778 262) 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 in their interest in, the company under the Disclosure and Transparency Rules.
22-Aug-2014
(Official Notice)
01-Aug-2014
(C)
30-Jun-2014
(Official Notice)
Capital - Counties Properties PLC announces that it intends to release its interim results for the six months ending 30 June 2014 on Friday 1 August 2014.

18-Jun-2014
(Official Notice)
Capco (the "company") announces that a total of 254 158 new ordinary shares of 25 pence each in the capital of the company (the "Scrip Shares") will be issued on 19 June 2014.



The Scrip Shares will be credited as fully paid and rank pari passu with the existing ordinary shares of 25 pence each in the capital of the company including the right to receive all future dividends and distributions declared, made or paid.



Application has been made for admission to the Official List of the Financial Services Authority and to trading on the London Stock Exchange's main market for listed securities ("UK Admission"). The company has also applied to the Johannesburg Stock Exchange for the listing of the Scrip Shares on the Main Board of the Johannesburg Stock Exchange. The listing of the Scrip Shares on the London Stock Exchange and the Johannesburg Stock Exchange will become effective 19 June 2014.
14-May-2014
(Official Notice)
Capco announced the successful completion of the placing announced earlier today (the "Placing"). A total of 75 900 000 new ordinary shares of 25 pence each in Capco (the "Placing Shares") have been placed by UBS Ltd., BofA Merrill Lynch and Oriel Securities (the "Joint Bookrunners"), raising gross proceeds of approximately GBP258 million. Sterling Placing Shares have been issued at a price of GBP340 pence per Placing Share and Rand Placing Shares at a price of R59.10 per Placing Share. The Placing Shares being issued represent, in aggregate, approximately 9.99 per cent of Capco's issued ordinary share capital prior to the Placing. The issue price of the Sterling Placing Shares represents a discount of 2.6% to the closing share price on 13 May 2014.



The Placing Shares will, when issued, be credited as fully paid and rank pari passu with the existing ordinary shares of 25 pence each in the capital of the Company including the right to receive all future dividends and distributions declared, made or paid (including the 2013 final dividend). Application will be made for admission of the Placing Shares to the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange's main market for listed securities ("UK Admission"). The company will also apply to the Johannesburg Stock Exchange for the listing of the Placing Shares on the Main Board of the Johannesburg Stock Exchange ("SA Admission"). It is expected that the admission and listing of the Placing Shares on the London Stock Exchange and the Johannesburg Stock Exchange will become effective on 21 May 2014. The Placing is conditional upon, inter alia, UK Admission becoming effective. The Placing is also conditional upon the placing agreement between the Company and the Joint Bookrunners not being terminated. The Rand Placing is conditional upon South African exchange control approval.
14-May-2014
(Official Notice)
09-May-2014
(Official Notice)
Capco confirmed that SARB approval for the offering of a scrip dividend alternative has been obtained and accordingly shareholders are able to elect to receive new ordinary shares in the Company, credited as fully paid, in lieu of cash in respect of the 2013 final dividend of GBP1.0 pence per ordinary share.



Exchange rate for final dividend

The company confirms that the South African rand exchange rate for the 2013 final dividend of GBP1.0p per ordinary share to be paid on 19 June 2014, to all shareholders registered on 23 May 2014, will

be R17.56761/GBP1.000.



On this basis, shareholders who hold their shares via the South African register will receive a cash dividend of 17.56761 ZA cents per ordinary share.



Scrip calculation price

The scrip calculation prices are as follows:

*South Africa: 6 124 cents (South African Rand)



The same share prices will be used for calculating residual payments under the Scrip Dividend Scheme.



Scrip Ratio

*South Africa: 1 new ordinary share for every 348.59608 ordinary shares held (6 124/17.56761 = 348.59608)



As no fraction of a share can be issued, the number of shares to be issued will be rounded down to the nearest whole number and any residual cash balance will be paid immediately to the relevant shareholder (unless a UK shareholder has made an "evergreen election").



By way of illustration of the above, a shareholder who holds 500 shares on the South African branch register and elects to receive the scrip dividend alternative would be entitled to 500/348.59608 = 1.43432 shares which would be rounded down to 1 share, and the residual payment would be 0.43432 x 6 124 cents = 2,659.77568 ZA cents, payable in cash. Further details of the scrip dividend alternative are contained in the Scrip Dividend Scheme Booklet, Supplemental Notices and the related mandate forms, which are available on Capco's website at www.capitalandcounties.com and from Capco's share Registrars.



The salient dates published in the announcement dated 25 February 2014 remain unchanged.
02-May-2014
(Official Notice)
The results of the voting by poll on the resolutions put to the company's Annual General Meeting held today were all passed.



Following the approval of the 2013 final dividend, it is confirmed that the scrip dividend alternative will be offered to shareholders in respect of the dividend.



In accordance with paragraph 9.6.2 of the Listing Rules, copies of the resolutions passed at the meeting, other than resolutions concerning ordinary business, have been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.Hemscott.com/nsm.do.
02-May-2014
(Official Notice)
Value growth through transformation at Covent Garden

*Leasing transactions completed at 3.6 per cent above December 2013 ERV

*4 new retail and restaurant lettings including Orlebar Brown and Michelin-starred restaurant, Lima

*GBP46 million of acquisitions on the estate year-to-date

*ERV target of ?75 million by December 2016



Value creation through achievement of key milestones at Earls Court

*Joint Venture with TfL established (Capco share 63 per cent)

*Detailed planning consent granted for Earls Court Village and a change of use to residential for the Empress State Building



Successful launch of Lillie Square

*204 of 237 flats in Phase 1 reserved or exchanged in the five weeks since launch in March



Transition of Venues business to Olympia London well progressed

*Over 80 per cent of Earls Court?s 2014 shows contracted to move to Olympia London for 2015, including Ideal Home Show and The London Book Fair



Solid financial position

*LTV of 17 per cent and liquidity of ?425 million as at 31 March 2014

*GBP665 million unsecured revolving credit facility completed for Covent Garden in March

*Weighted average cost of debt of 3.0 per cent as at 31 March 2014

04-Apr-2014
(Official Notice)
Capco announced that it intends to release its interim management statement for the period from 1 January 2014 to 2 May 2014 on Friday 2 May 2014.
04-Apr-2014
(Official Notice)
Capco welcomes the decisions this week from the planning committees of the Royal Borough of Kensington and Chelsea ("RBKC") and London Borough of Hammersmith and Fulham ("LBHF") to approve Capco?s Reserved Matters Applications which include the detailed design proposals for Earls Court Village. This follows receipt of outline planning permission for the 10.1 million square feet Earls Court Masterplan from both boroughs in November 2013.



The proposals for this part of the Masterplan, which now have detailed consent, cover an area of 16 acres and provide for 2.4 million square feet of residential-led, mixed-use space. This will include over 1 200 new homes, 3.35 acres of publicly accessible park and the first phase of the new High Street.



In addition, a separate detailed planning application for a change of use for the Empress State Building from commercial to residential was also consented by LBHF on 3 April. The Empress State Building will now be integrated into the Earls Court Masterplan, adding 580 000 square feet of residential floor space to the overall Masterplan area. The new scheme proposes the creation of 340 new homes as well as improvements to the fa?ade of the existing building.
28-Mar-2014
(Official Notice)
Capco and Transport for London ("TfL") announced that they have established a joint venture, Earls Court Partnership Ltd. ("Earls Court Partnership" or the "Joint Venture") which will enable the development of Earls Court 1 - 2 in line with the Earls Court Masterplan.



Earls Court Partnership has been formed with Capco owning 63 per cent and TfL 37 per cent of the shares respectively. The Joint Venture has appointed a board of directors which comprises four representatives from Capco and three representatives from TfL. Capco has also been appointed as the business and development manager to enable the development of Earls Court 1 - 2 to be co- ordinated with the wider development of the Masterplan.



The Masterplan will deliver 7 500 new homes and 10 000 new jobs. It will also see the development of a new primary school, a new leisure centre, new health facilities as well as community and cultural spaces. Thirty seven acres of green open space will be provided, including a new five acre park and there will also be significant improvements to the transport infrastructure including increased capacity at Earls Court, West Kensington and West Brompton underground stations.
24-Mar-2014
(Official Notice)
Capco has published its annual report for the year ended 31 December 2013 and notice of 2014 annual general meeting. Both documents are available electronically on the Company's website at www.capitalandcounties.com. In compliance with LR 9.6.1 copies of all the above documents have been submitted to the National Storage Mechanism for submission to the UK Listing Authority and will shortly be available for inspection at: www.Hemscott.com/nsm.do.



Attention is drawn to the Company's Audited Preliminary Results which were published on 25 February 2014. In accordance with DTR 6.3.5, information has been extracted from the Annual Report and is included in the Audited Preliminary Results which were released on 25 February 2014. This constitutes the material required by DTR 6.3.5 to be communicated to the media in unedited full text through a Regulatory Information Service. A hard copy of the Annual Report and Notice will be posted to those shareholders who have elected to receive shareholder information in hard copy on 27 March 2014. Shareholders who have elected to receive shareholder information electronically will be notified that these documents are available on the Company's website.
25-Feb-2014
(C)
Rental income for the year ended 31 December 2013 rose to GBP92.7 million (GBP91.6 million). Operating profit jumped to GBP351.9 million (GBP241.1 million), while profit for the year attributable to the parent grew to GBP337.4 million (GBP240 million). Furthermore, headline earnings per share increased to GBP3pps (GBP1.6pps).



Dividend

The directors of Capco have proposed a final dividend per ordinary share of GBP1pps. Subject to SARB approval, the Board intends to offer an optional scrip dividend alternative in respect of the 2013 final dividend.



Prospects

Capco remains well positioned to create significant further value for shareholders from its value growth and value creation strategy at Covent Garden and Earls Court. The central London property market remains strong, and expectations for the economy are positive, although the impact of rising interest rates and the withdrawal of central bank liquidity will need to be carefully monitored. The capital structure remains conservative with sufficient levels of liquidity maintained to manage the increased activity across the Group. At Covent Garden, the focus will continue to be on introducing new retail and restaurant brands across the estate, and implementing residential conversions where appropriate. The Kings Court and Carriage Hall schemes offer the potential to transform the north-western area of the estate and drive rental values. We will continue to redefine global luxury in London and cement the district's status as a thriving dining destination. At Earls Court, the detailed planning applications start the process of re-imagining the area and creating a new neighbourhood where Kensington, Chelsea and Fulham meet. The team at Lillie Square is focusing on achieving a successful launch shortly.



06-Feb-2014
(Official Notice)
Capco noted that the Board of Transport for London ("TfL") has approved the proposed joint venture in relation to the land currently occupied by the Earls Court 1 and 2 exhibition halls. The terms are in line with those previously announced. Legal documentation is being finalised and a further announcement will be made at that time.
23-Jan-2014
(Official Notice)
Capco announced that it intends to release its preliminary results for the year ended 31 December 2013 on Tuesday, 25 February 2014.
12-Dec-2013
(Official Notice)
Capco received a resolution to grant planning consent from Westminster City Council last night for its proposals to transform the space between King Street and Floral Street within the Covent Garden estate. The 90 000 square feet scheme (including 20 000 square feet of new space) will create a new pedestrian passageway connecting Long Acre and King Street, a new public courtyard and new retail, restaurant and residential space. The new public courtyard will be surrounded by eight new retail units and two new restaurants with al fresco dining. New retail frontages on Floral Street including a new anchor store will animate and draw visitors down the western part of the street and forty-five premium apartments, of which thirty-one are new build, will be created overlooking the new courtyard.



In addition, a separate planning application in relation to the Carriage Hall building also received a resolution to grant consent. The Grade II listed Carriage Hall building on the western end of Floral Street will be converted into a new 13 000 square feet multi-brand retail space with a covered courtyard. Work on the project is likely to commence in June 2014 and will take up to three years to complete.
15-Nov-2013
(Official Notice)
15-Nov-2013
(Official Notice)
Capco released its interim management statement for the period 1 July to 15 November 2013.



Value growth at Covent Garden

* 14 new openings including Dior Beauty, Sandro and Sticks 'n' Sushi

* New lettings and renewals achieved on average 3.3 per cent above ERV at the point of lease activity

* Further residential sales at The Russell at an average value of GBP2 400psf

* On track to achieve GBP60-65 million ERV by December 2015



Value creation through planning and land assembly for the Earls Court Masterplan

* Formal planning consent granted for the Earls Court Masterplan following signing of Section 106 agreement

* Exercise of option in relation to the Conditional Land Sale Agreement (CLSA)

* Acquisition of residual 50 per cent interest of the Empress State Building completed in August



Progress towards delivery at Lillie Square

* Enhancements to the original scheme consented by London Borough of Hammersmith - Fulham in August



Strong financial position

* LTV of 16 per cent and liquidity of GBP295 million

* New GBP119 million debt facility completed to finance Empress State Building.
08-Oct-2013
(Official Notice)
Capco announces that it intends to release its interim management statement for the period 1 July 2013 to 15 November 2013 on Friday 15 November 2013.
25-Sep-2013
(Official Notice)
Capco announced that a total of 239 751 new ordinary shares of GBP25 pence each in the capital of the company (the "scrip shares") will be issued on 25 September 2013. The scrip shares will be credited as fully paid and rank pari passu with the existing ordinary shares of GBP25 pence each in the capital of the company including the right to receive all future dividends and distributions declared, made or paid.



Application has been made for admission to the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange's main market for listed securities ("UK Admission"). The Company has also applied to the Johannesburg Stock Exchange for the listing of the Scrip Shares on the Main Board of the Johannesburg Stock Exchange. The listing of the Scrip Shares on the London Stock Exchange and the Johannesburg Stock Exchange will become effective 25 September 2013.
19-Sep-2013
(Media Comment)
Business Day quoted Capco CEO Ian Hawksworth as saying the UK capital's property market "has very good growth prospects." Capco is focusing on its Covent Garden and Earls Court properties in London.
16-Aug-2013
(Official Notice)
30-Jul-2013
(C)
Revenue from continuing operations for the interim period 30 June 2013 increased to GBP54.5 million (2012: GBP52 million). Net rental income grew to GBP31.1 million (2012: GBP:301 million). Profit attributable to owners rose to GBP211.8 million (2012: GBP96.8 million). Furthermore, headline earnings per share increased to GBP2.1pps (2012: headline earnings per share GBP 1.2pps)



Dividend

The company has announced an interim dividend of GBP0.5pps. Subject to SARB approval, the Board intends to offer an optional scrip dividend alternative in respect of the 2013 interim dividend.



Outlook

Capco remains well positioned to create and grow value, driving superior shareholder returns through its focus on retail and residential properties in central London. The volatility within the capital markets over the past few months illustrates the continued uncertainty of the macroeconomic outlook. Nevertheless, demand for prime assets within central London continues to be very strong, with a deep pool of domestic and foreign buyers. Rental growth remains underpinned by requirements for new space on central London's prime pitches from retailers and restaurants.



Covent Garden has again demonstrated its appeal to global brands, and this is expected to continue to drive rental growth towards the 2015 ERV target of GBP60-65 million. The Kings Court and Carriage Hall scheme is intended to improve circulation and rental values on the western end of the estate, and Capco looks forward to a decision from Westminster City Council which would allow it to progress the scheme in 2014. The Earls Court Masterplan continues to move forward. Following the recent news of progress with TfL, we look forward to finalising the agreement in the second half of 2013. Alongside this process, the detailed planning applications will allow Capco to consider the first stages of the implementation of the Earls Court Masterplan within the Earls Court Village and North End Village on the eastern and western sides of the site, respectively. Lillie Square will provide the first evidence of the demand for premium residential product in the Earls Court area, and the partners are focused on achieving a successful sales launch.

18-Jul-2013
(Official Notice)
Capco and Transport for London (TfL) have agreed to pursue proposals to settle heads of terms for a joint venture to enable the development of Earls Court 1 - 2 in line with the Earls Court Masterplan. This approach was endorsed by TfL's Finance - Policy Committee which met on 18 July.



TfL owns the freehold to the exhibition centres known as Earls Court 1 - 2, and Capco is the current leaseholder of both sites. The agreement will enable the two organisations to establish a joint entity which will own a new 999 year lease over the sites, as well as other land owned by Capco. It is envisaged that ownership of the development will be split 63 percent to Capco and 37 percent to TfL, which reflects the value created by combining both organisations respective freehold and leasehold interests. No cash consideration will be payable by either party.



Under the joint venture, Capco will be the exclusive development manager. This will enable a comprehensive approach to be taken for the implementation of Sir Terry Farrell's Masterplan for the wider Earls Court and West Kensington Opportunity Area which was approved by the Mayor of London on 4 July 2013. Funding for each phase of the development will be sought when it is in a position to be progressed.



The agreement announced on 18 July 2013 remains subject to approval by the boards of Capco and TfL respectively, which is expected to be sought at a later date upon finalisation of the deal.
27-Jun-2013
(Official Notice)
Capco announced that it intends to release its interim results for the six months ending 30 June 2013 on Tuesday 30 July 2013.
26-Jun-2013
(Official Notice)
The Great Capital Partnership ("GCP"), the 50/50 Joint Venture between Great Portland Estates plc ("GPE") and Capco announces that it has exchanged contracts on the sale of its last remaining asset, Park Crescent West. Subject to freeholder approval, PCW Property Holding Ltd. advised by Amiri Capital, has acquired Park Crescent West for GBP105 million. The sale price is 8.6 per cent ahead of both the December 2012 and March 2013 valuations and reflects a net initial yield of circa 2.0 per cent and a capital value of GBP813 per sq ft on the net internal area.



Park Crescent West includes 77/83 Portland Place, 16 Park Crescent, 18/25 Park Crescent, 22 Park Crescent and 26 Park Crescent. The crescent comprises a mix of commercial, court and residential uses and extends to a total of 129 165 sq ft NIA. Current tenants include the Royal Institute of British Architects, the Institute of Chartered Secretaries and Administrators and the Secretary of State for the Environment. The properties generate an annual income of circa GBP2.2 million and are held on a long lease from The Crown Estate expiring in December 2157 at a current ground rent of GBP15 000 per annum. The headlease provides that the premises can be used for a variety of uses including residential.
19-Jun-2013
(Official Notice)
Capco announced that a total of 1 130 749 new ordinary shares of 25 pence each in the capital of the Company (the "Scrip Shares") will be issued on 20 June 2013. The Scrip Shares will be credited as fully paid and rank pari passu with the existing ordinary shares of 25 pence each in the capital of the Company including the right to receive all future dividends and distributions declared, made or paid. The Company has applied to the Johannesburg Stock Exchange for the listing of the Scrip Shares on the Main Board of the Johannesburg Stock Exchange. The listing of the Scrip Shares on the Johannesburg Stock Exchange will become effective 20 June 2013.
10-Jun-2013
(Official Notice)
Capco is hosting an analyst and investor event at its Covent Garden estate on 10 June 2013. A copy of the presentations used during the event will be available at the investor relations section of the company's website www.capitalandcounties.com/investors/. No additional disclosure will be made about financials or current trading further to the company's Interim Management Statement released on 3 May 2013.
30-May-2013
(Official Notice)
Capco announced it has acquired control of 100 per cent of the Empress State Building having exchanged contracts with Land Securities Group PLC for the 50 per cent not already owned for a price of GBP117 million. The Empress State Building is a 451 000 sq ft, 31 storey, office building located adjacent to the Earls Court - West Kensington Opportunity Area. It is fully let to the Mayor's Office for Policing and Crime until June 2019, with annual rental uplifts indexed to RPI with a floor of 2 per cent and cap of 5.25 per cent. The current rent passing is GBP14.9 million. The purchase price represents an initial yield of 6.2 per cent and an equivalent yield of 6 per cent.



In the medium-term, opportunities to extend or review the existing lease will be considered or alternatively the property may be suitable for a residential conversion in line with the plans for the Earls Court Masterplan. The price of GBP117 million will comprise a cash payment and the assumption of Land Securities' share of the existing GBP131 million debt facility, which will remain in place until maturity in August 2013. A new five year debt facility is currently under negotiation.
10-May-2013
(Official Notice)
03-May-2013
(Official Notice)
The results of the voting by poll on the resolutions put to the Company?s Annual General Meeting. Following the approval of the 2012 final dividend, it is confirmed that the scrip dividend alternative will be offered to shareholders in respect of the dividend. copies of the resolutions passed at the meeting, other than resolutions concerning ordinary business, have been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.Hemscott.com/nsm.do.
03-May-2013
(Official Notice)
Capital released the interim management statement for the period 1 January to 3 May 2013.



New lettings at Covent Garden

*8 new retailer and restaurant signings including Galeria Melissa at 43 King Street

*New lettings and renewals at 10.3 per cent above December 2012 ERV

*Launch of The Russell, Capco?s second luxury residential conversion



Continued momentum on Earls Court Masterplan

*Secretary of State approval for the Conditional Land Sale Agreement

*Completion of agreement with Network Rail in regard to its air space over the West London Line within the Earls Court Masterplan



Progress towards implementation at Lillie Square

*Design amendments to enhance the Lillie Square scheme submitted to LBHF in March



Strong financial position

*Group LTV 12 per cent (based on December 2012 valuations)

*Cash and available facilities of GBP361 million at 31 March 2013
08-Apr-2013
(Official Notice)
Capco announced that it intends to release its interim management statement for the period from 1 January 2013 to 3 May 2013 on Friday 3 May 2013.
22-Mar-2013
(Official Notice)
Capco has published its annual report for the year ended 31 December 2012 ("annual report") and notice of 2013 annual general meeting ("notice"). Both documents are available electronically on the company's website at www.capitalandcounties.com. In compliance with LR 9.6.1 copies of all the above documents have been submitted to the National Storage Mechanism for submission to the UK Listing Authority and will shortly be available for inspection at: www.Hemscott.com/nsm.do.



Attention is drawn to the company's Audited Preliminary Results which were published on 28 February 2013. In accordance with DTR 6.3.5, information has been extracted from the annual report and is included in the Audited Preliminary Results which were released on 28 February 2013. This constitutes the material required by DTR 6.3.5 to be communicated to the media in unedited full text through a Regulatory Information Service.



A hard copy of the annual report and notice will be posted to those shareholders who have elected to receive shareholder information in hard copy on 27 March 2013. Shareholders who have elected to receive shareholder information electronically will be notified that these documents are available on the company's website.
28-Feb-2013
(C)
Rental income for the year ended 31 December 2012 fell to GBP97.5 million (2011: GBP108.4 million). Operating profit jumped to GBP269.6 million (2011: GBP197.1 million), while profit for the year grew to GBP240 million (2011: GBP158.5 million). Furthermore, headline earnings per share lowered to GBP1.6pps (2011: GBP2.5pps).



Dividend

The directors of Capco have proposed a final dividend per ordinary share of GBP1pps.



Outlook

Capco is well positioned within its core central London retail and residential property markets, and the group's assets continue to offer the potential for outperformance going forward. The fundamental drivers of long-term growth in London are strong, however the company remains mindful of the short-term risks presented by the challenging macroeconomic conditions as they progress with their plans.



In Covent Garden Capco will continue the creative place-making, active asset management and strategic acquisitions as well as initiating selective development. At Earls Court, Capco will look to deliver the formal planning consents for the Earls Court Masterplan, create the detailed design of the first phase of the redevelopment and finalise a transaction with TfL in relation to the group's land interests whilst assisting the local authorities as appropriate to respond to the judicial review challenges faced. The Seagrave Road project will focus on achieving a successful launch under its new branding of Lillie Square.
23-Jan-2013
(Official Notice)
Capital - Counties Properties PLC (Capco) and the London Borough of Hammersmith - Fulham (LBHF) have entered into a Conditional Land Sale Agreement (CLSA) that enables the inclusion of LBHF's land holdings in the redevelopment of the Earls Court - West Kensington Opportunity Area (ECOA) under Sir Terry Farrell's Masterplan.



The signing of the CLSA is the latest milestone in the on-going process to take the Earls Court Masterplan forward. This follows the recent resolution to grant planning consent for the Earls Court Masterplan by the Royal Borough of Kensington - Chelsea (RBKC) on 20 November 2012, along with LBHF's decision to grant consent in September. LBHF's holdings in the ECOA include the West Kensington and Gibbs Green estates (the Estates). The CLSA provides Capco the option to acquire approximately 22 acres of land in the ECOA for a total cash consideration of #105 million plus the re-provision of the 760 homes currently on the Estates. All qualifying Estates residents will be offered a new home by LBHF within the redevelopment plus compensation. The CLSA is in line with the draft terms previously published by LBHF.



The total cash consideration of #105 million is payable as follows: Capco paid #15 million in July 2011 at the time of entering into the Exclusivity Agreement with LBHF; and on signing of the CLSA, Capco will acquire 11 Farm Lane and the Gibbs Green School site for a further #15 million. The remaining #75 million is payable in a series of five annual instalments commencing when Capco exercises the option (exercisable until 2017) to acquire LBHF's remaining land. Land can be drawn down in phases until 2035 but no phase can be transferred unless Capco has first provided replacement homes for the residents of the relevant phase. Whilst the purchase of the Farm Lane and Gibbs Green school sites are unconditional, the disposal of the Estates is conditional on approval from the Secretary of State for the Department of Communities and Local Government.
21-Jan-2013
(Official Notice)
Capco advised that at 15.00 GMT, an announcement with regard to the signing of the Conditional Land Sale Agreement with LBHF was released mistakenly on SENS in South Africa. This transaction has not yet been signed, and an update will be issued as appropriate.
21-Jan-2013
(Official Notice)
Capco and the London Borough of Hammersmith - Fulham ("LBHF") have entered into a Conditional Land Sale Agreement ("CLSA") that enables the inclusion of LBHF's land holdings in the redevelopment of the Earls Court - West Kensington Opportunity Area ("ECOA") under Sir Terry Farrell's Masterplan.



The signing of the CLSA is the latest milestone in the on-going process to take the Earls Court Masterplan forward. This follows the recent resolution to grant planning consent for the Earls Court Masterplan by the Royal Borough of Kensington - Chelsea ("RBKC") on 20 November 2012, along with LBHF's decision to grant consent in September.



LBHF's holdings in the ECOA include the West Kensington and Gibbs Green estates (the "Estates"). The CLSA provides Capco the option to acquire approximately 22 acres of land in the ECOA for a total cash consideration of GBP105 million plus the re-provision of the 760 homes currently on the Estates. All qualifying Estates residents will be offered a new home by LBHF within the redevelopment plus compensation. The CLSA is in line with the draft terms previously published by LBHF.



The total cash consideration of GBP105 million is payable as follows: Capco paid GBP15 million in July 2011 at the time of entering into the Exclusivity Agreement with LBHF; and on signing of the CLSA, Capco will acquire 11 Farm Lane and the Gibbs Green School site for a further GBP15 million. The remaining GBP75 million is payable in a series of five annual instalments commencing when Capco exercises the option (exercisable until 2017) to acquire LBHF's remaining land. Land can be drawn down in phases until 2035 but no phase can be transferred unless Capco has first provided replacement homes for the residents of the relevant phase.
08-Jan-2013
(Official Notice)
Capco announced that it intends to release its preliminary results for the year ended 31 December 2012 on Thursday 28 February 2013.
12-Dec-2012
(Official Notice)
Further to the implementation of an odd-lot offer (the "odd-lot offer") to facilitate a reduction in the number of ordinary shareholders holding fewer than 250 ordinary shares in the company (the "Odd-lot holders"), the company announces that following the closure of the Odd-lot Offer on 7 December 2012 the company has on 12 December 2012, being the Effective Date, purchased a total of 431 651 of its own ordinary shares of GBP25 pence each as follows:

*106 651 ordinary shares held on the UK share register were purchased at a price of GBP236.07 pence per share.

*325 000 ordinary shares held on the SA share register were purchased at a price of 3284.59 cents per share.



The Odd-lot Offer was implemented in November 2012 because the company had an unusually large number of shareholders for a company of its size, with a total of more than 23 000 shareholders. Following the implementation of the Odd-lot Offer, the company's shareholder base has been reduced by 35% (7,916 shareholders); this reduction will reduce administrative costs, including, for example, the costs of printing and distributing financial statements, circulars and notices.



The shares purchased by the company represent approximately 0.06% of the existing issued share capital of the company. The purchased shares will all be held as treasury shares. Following the above purchase, the company holds 431 651 ordinary shares as treasury shares. The total number of ordinary shares in issue (excluding shares held as treasury shares) is 752 696 152.
21-Nov-2012
(Official Notice)
Plans to redevelop the Earls Court and West Kensington Opportunity Area into an exciting new urban district containing more than 7 500 new homes and creating 12 000 new jobs have been approved by the Royal Borough of Kensington - Chelsea ("RBKC").



Capco welcomed the decision made last night by the Council's planning committee to resolve to grant outline planning permission to turn the Earls Court and West Kensington Opportunity Area ("ECOA") into a vibrant, new urban district.



The Earls Court Masterplan sits across two boroughs and the RBKC decision follows the September approval by the London Borough of Hammersmith - Fulham ("LBHF") for the redevelopment. Sir Terry Farrell's Masterplan is based on the concept of 'Four Urban Villages and a 21st Century High Street' and is inspired by the best of London including garden squares, mansion blocks and open space. The scheme will comprise of 10.1 million sq ft of development including 7 500 new homes, around 1 500 of which will be affordable, offices, hotels, work space, education, cultural and community facilities, as well as a new five acre park for London.



The Section 106 agreement, which provides for significant investment in improvements in the area including transport, employment and training, is being finalised with the local authorities. The Greater London Authority is also considering its Stage 2 report on the Masterplan which is anticipated in the coming weeks.
15-Nov-2012
(Official Notice)
Further to the Capco announcement released on 26 October 2012 regarding the Odd-lot Offer, shareholders were advised that Forms of Election have been posted to certificated Odd-lot Holders on the UK and South African register.



The offer will open tomorrow, Friday, 16 November 2012 and will close at 12.00pm on Friday, 7 December 2012.



Further information, including details of the background to and reasons for the Odd-lot Offer, can be found on our website www.capitalandcounties.com.
07-Nov-2012
(Official Notice)
26-Oct-2012
(Official Notice)
02-Oct-2012
(Official Notice)
Capco announced that it intends to release its interim management statement for the period 1 July 2012 to 7 November 2012 on Wednesday 7 November 2012.
28-Sep-2012
(Official Notice)
The Great Capital Partnership ("GCP"), the 50/50 Joint Venture between Capital - Counties Properties PLC and Great Portland Estates plc announces that it has sold GBP112.60 million of property on Regent Street at a combined surplus of 8.3% to the March 2012 valuation.



Regent Arcade House was sold to Stenham Property Ltd. for GBP48 million. The 64 656 sq. ft. property is let to four office tenants, producing GBP2.78 million per annum with one vacant floor and a further two floors falling vacant in September 2012 and January 2013 respectively. The property is held on a long lease from The Crown Estate ("TCE"), expiring December 2132, at a peppercorn rent. The retail elements of the basement, ground and mezzanine floors are sublet back to TCE for a term also expiring December 2132, at a peppercorn rent. The sale price reflects a Net Initial Yield of 5.5%.



Pending approval from TCE, GCP has exchanged contracts for the sale of 100 Regent Street to Hermes Real Estate Investment Management Ltd. (HREIML) for GBP64.60 million. The Grade II Listed building, located on the corner of Regent Street and Glasshouse Street totals 52 198 sq. ft. The property is held on a long lease from TCE for a term of years expiring in December 2132 and geared to 10% of retail rents received. The property is currently fully let to three tenants on five leases and produces a net income of GBP2.50 million per annum and the sale price reflects a Net Initial Yield of 3.66%. GCP has agreed an overage provision with the purchaser should the property be sold in the first two years.
19-Sep-2012
(Official Notice)
Capco announced the successful completion of the placing announced earlier on 19 September 2012 (the "Placing"). A total of 68 400 000 new ordinary shares of GBP25 pence each in Capco (the "Placing Shares") have been placed by UBS Ltd. and BofA Merrill Lynch, raising gross proceeds of approximately GBP149.1 million. Sterling Placing Shares have been issued at a price of 218 pence per Placing Share and Rand Placing Shares at a price of 29.21 Rand per Placing Share. The Placing Shares being issued represent, in aggregate, approximately 9.99 per cent. of Capco's issued ordinary share capital prior to the Placing. The issue price of the Sterling Placing Shares represents a discount of 1.1% to the closing share price on 18 September 2012. The Placing Shares will, when issued, be credited as fully paid and rank pari passu with the existing ordinary shares of GBP25 pence each in the capital of the Company including the right to receive all future dividends and distributions declared, made or paid.



Application will be made for admission of the Placing Shares to the Official List of the Financial Services Authority and to trading on the Johannesburg Stock Exchange for the listing of the Placing Shares on the Main Board of the Johannesburg Stock Exchange. It is expected that the admission and listing of the Placing Shares on the Johannesburg Stock Exchange will become effective on 27 September 2012. The Placing is conditional, inter alia, upon UK Admission becoming effective and the Rand Placing is conditional upon South African exchange control approval. It is anticipated that the settlement date will be 27 September 2012.



Capitalised terms used but not defined in this announcement have the same meanings as set out in the placing announcement of the Company released at 7.00 a.m. (BST) on the date hereof. UBS Ltd. and BofA Merrill Lynch acted as joint bookrunners, financial advisers and corporate brokers in connection with the Placing. Rothschild acted as joint financial adviser to the Company. BNP Paribas and HSBC acted as joint co-lead managers in connection with the Placing.
19-Sep-2012
(Official Notice)
17-Sep-2012
(Official Notice)
Capco announced that a total of 257 592 new ordinary shares of 25 pence each in the capital of the company (the "Scrip Shares") will be issued on 18 September 2012. The Scrip Shares will be credited as fully paid and rank pari passu with the existing ordinary shares of 25 pence each in the capital of the company including the right to receive all future dividends and distributions declared, made or paid.



The company has applied to the JSE for the listing of the Scrip Shares on the Main Board of the JSE. The listing of the Scrip Shares on the JSE will become effective 18 September 2012.
13-Sep-2012
(Official Notice)
Plans to redevelop the Earls Court and West Kensington Opportunity Area into an exciting new urban district containing more than 7,500 new homes and 12,000 new jobs have been approved by the London Borough of Hammersmith - Fulham (LBHF). Capital - Counties Properties PLC (Capco) welcomes the decision by the Council's planning committee to resolve to grant outline planning permission to turn the Earls Court and West Kensington Opportunity Area into a vibrant, new urban district. Sir Terry Farrell's Masterplan is based on the concept of ?Four Urban Villages and a 21 Century High Street? and is inspired by the best of London including garden squares, mansion blocks and open space. The scheme will comprise of 10.1 million sq ft of development including homes, around 1,500 of which will be affordable, offices, hotels, work space, education, cultural and community facilities, as well as a new five acre park for London.



31-Aug-2012
(Official Notice)
The development in and around Seagrave Road remains on track to commence in 2013 following the completion of the remaining formalities for the creation of a joint venture between Capco and entities in which certain members of the Kwok family are interested (the "Kwok Family Interests"). The development will deliver 808 new homes and a new garden square for London. On completion of the 50:50 joint venture, in accordance with the conditional agreement reached between the parties in December 2011, Capco received cash consideration of approximately #67 million from the Kwok Family Interests for the 50 per cent interest in the development, which includes the Seagrave Road site and other adjacent assets.
10-Aug-2012
(Official Notice)
31-Jul-2012
(C)
Revenue for the interim period 30 June 2012 fell to GBP56.5 million (2011: GBP58.4 million). Profit for the period jumped to GBP95.2 million (2011: GBP68.5 million) which is also represents profit attributable to owners. Furthermore, headline earnings per share remained unchanged at GBP1.1pps.



Dividend

The company announced an interim dividend of GBP0.5pps.



Outlook

Capco has continued to drive performance across its estates during 2012, and this has been reflected in the financial results. The balance sheet remains strong and liquid through continued recycling of capital and further debt refinancing.



The Covent Garden estate offers the potential for continued growth through the further evolution of the retail and F-B tenant mix, together with the residential opportunity on the upper floors. Given the performance over the past two years, long-term plans for more significant intervention in certain parts of the estate are being evaluated and planning applications may be submitted in due course.



The first formal planning consent in the Earls Court area at Seagrave Road was an important milestone for the group. The company remains hopeful that further positive decisions will be made by the local authorities over the remainder of 2012.



Whilst mindful of the continued uncertain macroeconomic environment, Capco's estates are strongly positioned within central London which is firmly established as an important global city. The group continues to make good progress towards realising our longer term goals.
23-Jul-2012
(Official Notice)
The Great Capital Partnership ("GCP"), the 50/50 joint venture between Capco and Great Portland Estates plc ("GPE") announced that it has exchanged contracts to sell The Jermyn Street Estate, SW1 to GPE for GBP120 million or GBP60 million for the half share GPE does not already own. The Estate consists of five properties, 54-56 Jermyn Street, Dudley House, Egyptian House, Empire House and Foxglove House. All these assets are held on separate 125 year headleases from The Crown Estate at a combined fixed headrent of GBP675 000 per annum until September 2014, thereafter reverting to 10 percent of rents received.



The properties comprise a mix of office and retail accommodation and extend to a total circa 133 000 sq. ft. with frontages to both Piccadilly and Jermyn Street. There are currently 62 tenants across the estate including Standard Chartered Bank, Wiltons, Starbucks and Kent - Curwen. GCP completed a comprehensive refurbishment of circa 27 700 sq. ft. of vacant office accommodation in June 2012, of which 3 800 sq ft (14 percent) has been let so far. The properties generate a current net rental income of circa GBP4.5 million after payment of the headrent and have an estimated net rental value of GBP7.3 million. The sale reflects a net initial yield of 3.7 percent and net reversionary yield of 6.0 percent after the deduction of actual costs incurred in the transaction. The Estate was sold at a 3.3 percent premium on the June 2012 valuation. Completion of the purchase is conditional on approval from both the freeholder and lenders to GCP.
09-Jul-2012
(Official Notice)
Capco announced that it intends to release its interim results for the six months ended 30 June 2012 on Tuesday, 31 July 2012.
20-Jun-2012
(Official Notice)
Capco (the ''company'') announced that a total of 541,709 new ordinary shares of 25 pence each in the capital of the company (the ''scrip shares'') will be issued on 21 June 2012.



The scrip shares will be credited as fully paid and rank pari passu with the existing ordinary shares of 25 pence each in the capital of the company including the right to receive all future dividends and distributions declared, made or paid.



Application has been made for admission to the official list of the Financial Services Authority and to trading on the London Stock Exchange's main market for listed securities (''UK Admission''). The company has also applied to the Johannesburg Stock Exchange for the listing of the scrip shares on the main board of the Johannesburg Stock Exchange. The listing of the scrip shares on the London Stock Exchange and the Johannesburg Stock Exchange will become effective 21 June 2012.
15-May-2012
(Official Notice)
Shareholders on the South African branch register are referred to the final dividend announcement released on SENS on 3 May 2012 and are advised that the share price to be used for calculating residual payments under the Scrip Dividend alternative will be the same as the scrip dividend price of 2477.17 cents. Using the same example as contained in the aforementioned announcement, a shareholder who holds 500 shares on the South African branch register would be entitled to 2.52627 shares (expressed to five decimal places) which will be rounded down to 2 shares and the residual payment will be 0.52627 x 2477.17 cents = 1303.06 cents, payable in cash. As the cash residuals will not constitute the distribution of an asset in specie, the residual payments will be subject to South African Dividends Tax, which will therefore be withheld from the residual payment to South African shareholders at a rate of 15 per cent. unless a shareholder qualifies for an exemption from Dividends Tax, and the prescribed requirements for effecting the exemption, as set out in the scrip dividend scheme booklet, are in place.
15-May-2012
(Official Notice)
Capco has agreed a new five year GBP70 million revolving credit facility ("RCF") with BNP Paribas and HSBC Bank plc, secured on certain assets at Covent Garden. The facility is Capco's first RCF and establishes a more flexible financing structure. Capco has over 830 000 sq ft of assets in Covent Garden, predominantly focused in retail and dining. The Covent Garden estate represents 50 per cent of Capco's gross assets. Its other assets include the Earls Court exhibition centres where Capco has submitted outline planning applications for the redevelopment of a 77 acre site for Sir Terry Farrell's Masterplan for the Earls Court - West Kensington Opportunity Area, as well as the Olympia Exhibition Centre. Recently the 7.5 acre Seagrave Road site, to create 808 new homes and a new London garden square, was granted planning consent by the London Borough of Hammersmith - Fulham. Capco also has assets in the West End through its Great Capital Partnership, a joint venture with Great Portland Estates.
15-May-2012
(Official Notice)
Capco released its interim management statement for the period 1 January to 15 May 2012. Highlights include:

* Three new properties acquired in Covent Garden in March and tenant activity remains strong with several recent openings

* Progress continues on the Earls Court Masterplan with the Supplementary Planning Document for the ECOA adopted by both RBKC and LBHF in March

* Planning consent granted for the Seagrave Road development following the signing of the Section 106 agreement in March

* Draft terms published in relation to the possible sale of LBHF's land holdings in Earls Court will go to a full Cabinet meeting in the coming months for a decision

* New five year GBP70 million revolving credit facility agreed

* GBP102 million (Capco share) of sales from GCP completed at a 8.5 per cent premium to December 2011 valuation.
03-May-2012
(Official Notice)
20-Apr-2012
(Official Notice)
The results of the voting by poll on the resolutions put to the company's annual general meeting held today were approved by the majority of shareholders. Total voting rights of shares in issue: 683 928 502. Every shareholder has one vote for every ordinary share held. Having been approved, it is confirmed that the scrip dividend scheme will be implemented for the 2011 final dividend. The finalisation announcement with be published on or about 3 May 2012. In accordance with paragraph 9.6.2 of the Listing Rules, copies of the resolutions passed at the meeting, other than resolutions concerning ordinary business, have been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.Hemscott.com/nsm.do
16-Apr-2012
(Official Notice)
Capco noted the publication by the London Borough of Hammersmith - Fulham ("LBHF") of its cabinet report regarding its land holdings in the Earls Court - West Kensington Opportunity Area, in advance of its cabinet meeting on 23 April 2012. The report includes details of the process that the Council has undertaken in considering the potential inclusion of the West Kensington and Gibbs Green estates in the wider regeneration of the area, and a summary of the draft terms and conditions of a potential Conditional Land Sale Agreement ("CLSA") based on the current status of the negotiations between LBHF and Capco.



Under the draft CLSA, Capco would be entitled to acquire the council's 22 acres of land in the opportunity area for a total cash consideration of GBP105 million, plus reprovision (as part of a future development) of the 760 homes currently on the estates, which reflects the prevailing residential property pricing on that part of the opportunity area. The cash consideration would be payable as follows: in addition to the GBP15 million paid in July 2011 at time of entering into the exclusivity agreement with LBHF, Capco would initially acquire the 11 Farm Lane and Gibbs Green School sites for GBP15 million, and have the option exercisable until 2017 to acquire LBHF's remaining land in a series of installments totaling GBP75 million. The draft CLSA further details the basis on which a development may be taken forward.



At this stage, no transaction has been agreed between the parties and there is no certainty of a transaction being concluded. A further announcement will be made if appropriate.
03-Apr-2012
(Official Notice)
Capco announced that it intends to release its interim management statement for the period from 1 January 2012 to 15 May 2012 on Tuesday 15 May 2012.
30-Mar-2012
(Official Notice)
Further to the announcement on 27 March 2012 that Demetra Pinsent will be appointed as a non-executive director of the company with effect from 1 May 2012.
27-Mar-2012
(Official Notice)
Capco announced the appointment of Demetra Pinsent as a non-executive director of the company with effect from 1 May 2012. Demetra will also be appointed to the nomination and corporate responsibility committees with effect from the same date.
23-Mar-2012
(Official Notice)
Capco welcomed the decision by the Royal Borough of Kensington - Chelsea to adopt a new policy document, known as the Supplementary Planning Document ("SPD"), covering the Earls Court - West Kensington Opportunity Area ("ECOA"). The announcement follows the adoption of the SPD by the London Borough of Hammersmith - Fulham. The SPD supports the planning policy basis for the consideration of the planning application for Sir Terry Farrell's Earls Court Masterplan, which proposes a 7 500 home development across the ECOA. The site has already been identified as an Opportunity Area by the Mayor of London in the London Plan, meaning it is considered as a site potentially suitable for comprehensive development.
20-Mar-2012
(Official Notice)
Capital - Counties Properties PLC is pleased to note that the London Borough of Hammersmith - Fulham ("LBHF") has adopted a new policy document, known as the Supplementary Planning Document ("SPD"), covering the Earls Court - West Kensington Opportunity Area ("ECOA"). The SPD supports the planning policy basis for the consideration of the planning application for Sir Terry Farrell?s Earls Court Masterplan, which proposes a 7,500 home development across the ECOA. Following adoption of the SPD by LBHF, it is understood that it will be considered by the Royal Borough of Kensington - Chelsea shortly.



The site has already been identified as an Opportunity Area by the Mayor of London in the London Plan, meaning it is considered as a site potentially suitable for comprehensive development. Following adoption by LBHF, and if adopted by RBKC, it is anticipated that the Mayor will publish the document as Supplementary Planning Guidance. In July 2011, an Exclusivity Agreement was signed by Capco and LBHF allowing a 12 month period for both parties to progress discussions in relation to LBHF owned land within the ECOA.



Capco has now agreed with LBHF to acquire any private residential units on the West Kensington or Gibbs Green estates in the unlikely event that LBHF is required to purchase these properties if an owner brings forward a valid claim under certain provisions of the Town and Country Planning Act 1990 which relate to Statutory Blight suffered as a result of the adoption of the SPD, up to a maximum of GBP50 million including certain other related costs. Capco can give notice to terminate the agreement if a land purchase agreement is not entered into by the end of the exclusivity period in July 2012. It is intended that costs incurred would be offset against the consideration relating to any future land purchase agreement in respect of the LBHF land. In addition, Capco has been informed that the application for judicial review in respect of the Exclusivity Agreement has been withdrawn.
14-Mar-2012
(Official Notice)
29-Feb-2012
(C)
Revenue fell to GBP108.4 million (GBP113.7 million), while operating profit grew to GBP197.1 million (GBP178.8 million). Profit attributable to ordinary equity holders rose to GBP153.7 million (GBP131.6 million). In addition, headline earnings per share remained stable at 2pps (2pps).



Dividend

The directors are proposing a final dividend of 1pence per share, bringing the total dividend paid and payable for 2011 to 1.5 pence per share.



Outlook

Capco's success in 2011 is the result of our strategy of focusing on specific central London prime assets where the Group has a dominant position. This has allowed the Group to benefit from the distinct, strategic capital and economic characteristics of a specialist central London non-REIT property company. I am in no doubt that London will benefit enormously from the Queen's Diamond Jubilee celebrations and as the host city for the Olympics this year, and am proud that Earls Court will be an integral part of the Olympics experience having been chosen as an official venue. I believe the future for Capco is positive, and look ahead to 2012 with optimism tempered by caution regarding the macroeconomic climate. We look forward to making further progress on realising London's most significant urban place- making initiatives for many years at Earls Court and Seagrave Road. We are also confident of seeing further value creation at Covent Garden. Finally, I would like to thank the Executive Directors and all staff for their hard work and commitment during the past year. I am confident that they are committed to meeting the challenges of the year ahead.
17-Feb-2012
(Official Notice)
Plans to redevelop the Seagrave Road car park site in Earls Court into an exciting new residential quarter containing more than 800 new homes have been endorsed by Hammersmith - Fulham Council (LBHF). Capital - Counties Properties PLC (Capco) welcomes the decision by the Council`s planning committee to resolve to grant detailed planning permission for the proposals, which will replace the existing car park with a high quality, mixed use scheme comprising 808 new homes, ranging from townhouses to apartments around a new public garden square.



The project includes 200 affordable homes that will be made available for the relocation of some residents of the Gibbs Green and West Kensington Estates in the event that regeneration of these estates occurs. As announced in December, Capco has a conditional agreement with entities in which certain members of the Kwok family are interested (the "Kwok Family Interests") to form a 50:50 joint venture in respect of Capco's interests in and around Seagrave Road. Completion of the JV is expected upon expiry of the three month statutory period which follows finalisation of the section 106 Agreement and sign off from the Mayor of London.
08-Nov-2011
(Official Notice)
08-Nov-2011
(Official Notice)
Capco announced that a new GBP300m debt facility to refinance its 2013 Covent Garden loan. The refinancing includes GBP60m of debt capital for acquisitions to allow Capco to further its repositioning strategy in the area and is led by BNP Paribas and HSBC Bank plc along with a further consortium of lenders. Capco currently has over 830 000 sq ft of retail, leisure, residential and office holdings in Covent Garden, including the Market Building and is continuing to extract value through its proactive asset management strategy and repositioning of the neighbourhood. Following the recent opening of Rugby Ralph Lauren and several new lettings in the pipeline, the estate remains on track to meet its 2013 ERV target of GBP50m, a demonstration of Capco's successful strategy of unlocking value in Covent Garden. The new facility was comfortably oversubscribed, and the consortium of lenders includes BNP Paribas, HSBC Bank plc, Bayern LB, Lloyds Banking Group, pbb Deutsche Pfandbriefbank AG and Santander. Key features of the new loan are:

*Extends the maturity on GBP300 million of the Group?s debt until October 2016, with a further 2 year extension available at Capco's option subject to meeting certain financial covenants

*GBP150 million has been drawn initially. A further GBP90 million is available allowing Capco to use its cash balance more efficiently by paying down debt and redrawing when required

*In addition, GBP60 million of the facility is available to finance existing Covent Garden assets not currently secured, or to finance new acquisitions in the Covent Garden area

*The financial covenants include a loan-to-value covenant of 70 per cent and interest cover ratio of 130 per cent



The cost of debt on the new facilities will be circa 4 per cent on the drawn amount, with hedging in place using swaps and caps. Interest rate swaps relating to the previous facility have been closed out at a cost of GBP13.5 million.
06-Oct-2011
(Official Notice)
Capco announced that it intends to release its interim management statement for the period 1 July 2011 to 8 November 2011 on Tuesday, 8 November 2011.
06-Oct-2011
(Official Notice)
Capco announced that Ian Durant, chairman of the company, has been appointed as a non-executive director of Greggs plc.
12-Aug-2011
(Official Notice)
Capco announced that the South African rand exchange rate for the 2011 interim dividend of 0.5 pence per ordinary share to be paid on 20 September 2011, to all shareholders registered on 26 August 2011, will be R11.569 to GBP1. On this basis, shareholders who hold their shares via the South African register will receive a dividend of R5.7845 cents per ordinary share.
03-Aug-2011
(C)
Revenue rose to GBP58.4 million (GBP59.2 million). Operating profit declined to GBP83 million (GBP92.2 million), but net attributable profit increased to GBP68.5 million (GBP54.3 million). In addition, headline earnings per share more than doubled to GBP1.1p (GBP0.5pps).



Dividend

An interim ordinary dividend of GBP0.50pps has been declared.



Outlook

Capco has enjoyed a successful 2011 to date and looks forward with confidence to the second half of the year. The central London property markets continue to perform strongly. The investment market has benefited from global capital looking for central London assets across all property sectors.



Retailers' requirements for new space has become increasingly specific, benefiting places such as Covent Garden which have become established as a key central London retail destination. The estate should continue to experience rental growth reflecting this demand.



Sir Terry Farrell's Masterplan for ECOA is an important project for London, and Capco is hopeful that the planning applications will be determined in a timely manner. Capco continues to work with TfL and LBHF on the lease re-gear, land assembly and future development rights across the ECOA and hope these will be agreed during the second half of 2011.
29-Jul-2011
(Official Notice)
Following the recent submission of the planning applications for Sir Terry Farrell's masterplan for the Earls Court - West Kensington Opportunity Area ("ECOA"), to create "Four Villages and a 21st Century High Street", a further step has been achieved with the signing of an exclusivity agreement between EC Properties Ltd, a wholly owned subsidiary of Capital - Counties Properties PLC ("Capco"), and London Borough of Hammersmith - Fulham ("LBHF"). The agreement gives both parties one year of exclusivity in relation to discussions around LBHF's land and its inclusion within Sir Terry Farrell's masterplan. It also allows the time to secure the necessary statutory consents to progress with comprehensive regeneration. In order to enter into the agreement EC Properties has paid GBP15 million, GBP10 million of which is refundable in the event a deal is not concluded.
21-Jul-2011
(Official Notice)
Great Capital Partnership ("GCP"), the joint venture between Capital - Counties Properties PLC ("Capco") and Great Portland Estates plc, has sold 26/40 Kensington High Street, London W8 and 67/75 Kingsway, London WC2. 26/40 Kensington High Street has been sold to The Khoo Teck Puat UK Foundation for GBP62.5 million.



The price agreed is 10.5% ahead of the 31 March 2011 book value and reflects a net initial yield of circa 4.5%. The freehold property is situated at the corner of Kensington High Street and Kensington Palace Gardens and comprises over 120,000 sq ft of mixed use accommodation let to tenants including TK Maxx, Urban Outfitters, Wagamama and Virgin Active. The property produces an income of approximately GBP3.0 million per year. 67/75 Kingsway has been sold to Threadneedle UK Opportunities Property II LP for GBP16.58 million.



The freehold property, situated on the western side of Kingsway, comprises over 30,500 sq. ft. of retail and office accommodation. Tenants include Signature Restaurants trading as Belgo, Subway, SV Life Sciences and Mitsubishi Heavy Industries Europe Ltd. The property produces a current rent of GBP623,113 per annum rising to GBP1,070,743 per annum by July 2012 on expiry of the current rent free periods. The price agreed is 9.0% ahead of the 31 March 2011 book value and represents a net initial yield of 3.6%, rising to 6.1% by July 2012.
06-Jul-2011
(Official Notice)
Capital - Counties Properties PLC announces that Ian Durant, Chairman of the company, has been appointed as a non-executive director of Home Retail Group plc with effect from today, 6 July 2011.

22-Jun-2011
(Official Notice)
17-Jun-2011
(Official Notice)
Capco announced that it intends to release its interim results for the six months ending 30 June 2011 on Wednesday 3 August 2011.
17-May-2011
(Official Notice)
Capco has exchanged contracts for the acquisition of five freehold properties in Covent Garden, London WC2 from Derwent London plc for a cash consideration of GBP68 million before costs.
05-May-2011
(Official Notice)
Capital - Counties Properties PLC announce the successful completion of the placing announced earlier today (the "Placing"). A total of 62 100 000 new ordinary shares of 25 pence each in Capco (the "Placing Shares") have been placed by UBS Ltd, raising gross proceeds of approximately GBP100.6 million. Sterling Placing Shares have been issued at a price of 162 pence per Placing Share and Rand Placing Shares at a price of 17.96 Rand per Placing Share. The Placing Shares being issued represent, in aggregate, approximately 9.99 per cent. of Capco's issued ordinary share capital prior to the Placing.



The Placing Shares will, when issued, be credited as fully paid and rank pari passu with the existing ordinary shares of 25 pence each in the capital of the company including the right to receive all future dividends and distributions declared, made or paid (excluding the 2010 final dividend). Application will be made for admission of the Placing Shares to the Official List of the Financial Services Authority and to trading on the London Stock Exchange?s main market for listed securities ("UK Admission"). The Company will also apply to the Johannesburg Stock Exchange for the listing of the Placing Shares on the Main Board of the Johannesburg Stock Exchange. It is expected that the admission and listing of the Placing Shares on the London Stock Exchange and the Johannesburg Stock Exchange will become effective on 10 May 2011.



The Placing is conditional, inter alia, upon UK Admission becoming effective. It is anticipated that the settlement date will be 10 May 2011. Capitalised terms used but not defined in this announcement have the same meanings as set out in the placing announcement of the Company released at 7.00 a.m. on the date hereof.

05-May-2011
(Official Notice)
05-May-2011
(Official Notice)
Capco released its interim management statement for the period 1 January to 5 May 2011. Highlights included the following:

* The repositioning of the Covent Garden estate continues apace with the opening of Burberry Brit in April 2011, and further key store openings due throughout the year including Rugby Ralph Lauren, Laduree and Links of London;

* Good progress has been made with the conversions at 34 Henrietta Street and the Flower Cellars (for Balthazar);

* The public launch of Sir Terry Farrell's masterplan for the Earls Court - West Kensington Opportunity Area (ECOA) was well received with over 1 000 visitors attending the exhibition;

* The supplementary planning document for the ECOA was published for consultation in March by the London Borough of Hammersmith - Fulham, the Royal Borough of Kensington - Chelsea and the Greater London Authority.
21-Apr-2011
(Official Notice)
At the company's AGM held today, all resolutions proposed at the meeting were passed by vote on a show of hands.
20-Apr-2011
(Official Notice)
Capco announced that it intends to release its interim management statement for the period from 1 January 2011 to 12 May 2011 on Thursday, 12 May 2011.
01-Apr-2011
(Official Notice)
Capital - Counties Properties PLC announced that the South African rand exchange rate for the proposed 2010 final dividend of 1.0 pence per ordinary share to be paid on 19 May 2011, to all shareholders registered on 15 April 2011, will be 10.944 ZAR to 1 GBP. On this basis, shareholders who hold their shares via the South African register will receive a dividend of 10.944 ZA cents per ordinary share.
16-Mar-2011
(Official Notice)
Capital - Counties Properties PLC is today meeting with analysts and investors to brief them on the Earls Court - West Kensington opportunity area masterplan which has been published for consultation. At the briefing, architect Sir Terry Farrell will talk about his pioneering vision to create 'Four Villages and a High Street' on the Earls Court site in London. Information regarding the masterplan is contained in the company's 2010 annual results announced on 2 March 2011 as well as in its 2010 Annual Report. During today's briefing no new material information will be made available. A press release is available at: www.capitalandcounties.com
11-Mar-2011
(Media Comment)
According to Finweek, Capco's management has impressed the market with good maiden interim results, and with the progress it has made in rejuvenating its iconic live, play, and shop precinct, Covent Garden. A number of new leases have been signed-up, including Ralph Lauren's first "Rugby" store, Apple's largest store globally, and a new outlet for Burberry. Capco has also received permission to redevelop its events venue Olympia, which should boost future profits, and management is also currently creating a master plan to develop land at Earls Court, one of the largest undeveloped sites in London.
10-Mar-2011
(Official Notice)
Capital - Counties Properties PLC has today published its annual report for the year ended 31 December 2010 ("Annual Report") and notice of 2011 annual general meeting ("Notice"). Both documents are available for download at www.capitalandcounties.com In addition, attention is drawn to the company's Audited Preliminary Results which were published on 2 March 2011. Copies of the above documents have been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.Hemscott.com/nsm.do
02-Mar-2011
(C)
Revenue fell to GBP113.7 million (GBP127.7 million), while operating profit was recorded at GBP178.8 million (loss of GBP72.2 million). Profit attributable to ordinary equity holders amounted to GBP131.6 million (loss of GBP131.5 million). In addition, headline earnings per share turned around to 12.4cps (loss of 16.5cps).



Dividend

The board has proposed a final dividend of 1 pence per share to be paid on Thursday 19 May 2011 to shareholders.



Prospects

The prospects for 2011 and into 2012 remain positive, as momentum across Capco's business translates into superior valuation and NAV growth through continued unlocking of the potential for increases in rental and capital value. Whilst the outlook for the UK economy remains uncertain, Capco is confident about the prospects for its estates. Prime investment yields in central London continue to be supported by the availability of capital from a diverse range of investors, both domestic and in particular from overseas. Demand for space continues to be robust. Retailers are continuing to search for flagship trading locations in prime districts in the West End, with London firmly established as a global capital city. West End office space remains in short supply, with levels of take-up above trend during 2010.
23-Feb-2011
(Official Notice)
Capco noted the press article this morning relating to a potential partnership regarding its property interests at Earls Court. Capco's strategy with regards to Earls Court is to unlock value through land management. The company has made good progress to date in advancing the planning application process.



Capco regularly reviews its options on how it may participate in any future redevelopment of Earls Court if the planning process is successful. One such option could be a joint venture, and the company has received expressions of interest from a number of parties. However at this stage no discussions have progressed beyond the preliminary stages. There is therefore no certainty that any transaction would be forthcoming.
09-Feb-2011
(Official Notice)
Capital - Counties Properties PLC announces that it intends to release its preliminary results for the year ended 31 December 2010 on Wednesday 2 March 2011.
04-Feb-2011
(Official Notice)
Following the successful completion of a transitional period since the demerger of Capco from Liberty International PLC (now Capital Shopping Centres Group PLC) in May 2010 and reflecting his workload as Chief Executive of Capital Shopping Centres Group PLC, David Fischel has decided to step down from his position as a non-executive director of Capco with effect from 4 February 2011.

20 Dec 2010 12:37:49
(Official Notice)
The board of directors of Capco announced the appointment of Henry Staunton as a member of the remuneration committee in replacement of David Fischel with effect from 17 December 2010.
26 Nov 2010 12:32:49
(Official Notice)
Capco announced that with effect from 29 November 2010, the company's registered office will change to, 15 Grosvenor Street, London W1K 4QZ, telephone 020 3214 9150
09 Nov 2010 09:10:48
(Official Notice)
Great Portland Estates plc ("GPE") and Capco announced the refocusing of their joint venture, The Great Capital Partnership ("GCP"), through the disposal of four properties to GPE and the appointment of Capco as residential and retail strategy advisor to the joint venture. GPE will purchase 24/25 Britton Street, EC1, 12/14 New Fetter Lane/43 Fetter Lane, EC4, Tasman House, Wells Street, W1 and 183/190 Tottenham Court Road, W1 for a combined price of GBP45.05 million, broadly in line with September 2010 book values. These sales represent a continuation of the joint venture's strategy to focus on its core West End holdings on Piccadilly, Regent Street and Park Crescent. Other non-core GCP properties may be sold in the medium term. In addition, Capco will take on a residential and retail strategy advisory role allowing the joint venture to draw on its extensive skills alongside those of GPE in working up various development opportunities across the business.
09 Nov 2010 09:07:29
(Official Notice)
Highlights for the period from 1 July to 9 November 2010:

* The Covent Garden estate has continued to perform well with recent lettings to several strong brands in line with our zoning strategy, including Rugby Ralph Lauren, Laduree and Jack Wolfskin.

* The opening of the world's largest Apple store in August 2010 attracted over 20 000 visitors on its first day of trade which helped to drive an 11 per cent footfall uplift in Covent Garden in the first month of trading and continues to attract high numbers of visitors.

* The Earls Court planning process has advanced well during the period with good progress on the planning policy and the development of the masterplan.

* The London Borough of Hammersmith - Fulham has resolved to grant planning permission for the expansion of the Olympia Exhibition Centre to create an enhanced events and exhibitions facility.

* As announced, a refocusing of the Great Capital Partnership on its West End holdings has been agreed.



Finance

As at 30 September 2010, gross debt was GBP668 million and the cash balance was GBP183 million, resulting in net debt of GBP485 million (30 June 2010 GBP476 million). Based on 30 June 2010 property values, the 30 September 2010 pro forma debt to assets ratio was 37 per cent (30 June 2010 36 per cent). The weighted average debt maturity at 30 September 2010 was 3.3 years (30 June 2010 3.5 years) and the weighted average cost of gross debt was 5.9 per cent (30 June 2010 5.9 per cent) with 96 per cent of the debt hedged.
18 Oct 2010 09:50:56
(Media Comment)
According to Business Day, Capital - Counties Properties, which is listed in Johannesburg and London, has been granted planning consent for its redevelopment proposals for the Olympia Exhibition and Conference Centre by the London borough of Hammersmith and Fulham. The specialist central London property company, with about 40% South African Shareholding, said on Friday that with planning permission in place, it was looking to commence construction work on the site early next year. Construction is scheduled to continue during 2012. Its earls court and Olympia is an established exhibition centre and is gateway to a 28ha plot of land within the boroughs of Kensington and Chelsea, and Hammersmith and Fulham.
14 Oct 2010 08:18:27
(Official Notice)
Capco announced that London Borough of Hammersmith - Fulham resolved to grant planning consent for its redevelopment proposals for Olympia Exhibition and Conference Centre on 13 October 2010. The proposals to upgrade Olympia will improve the flexibility of the space which will be capable of hosting a number of events simultaneously, whilst enhancing one of the UK's best known venues.



The plans include redevelopment of the West Hall, within its existing footprint, into a two-storey 90 000 square feet exhibition facility by adding a floor and creating links to the Grand Hall and Olympia 2 behind the restored facade. Olympia 2 will be reconfigured to provide more efficient servicing arrangements and improved connectivity with the rest of the facility.



With planning permission in place, Capco is looking to commence construction work on the site in early 2011, which is scheduled to continue during 2012. The work will be phased to allow the exhibition and conference business already operating at Olympia to continue throughout. The cost of these works were included within the previously announced GBP20 million of capital allocated to Olympia and will be funded from existing Capco cash resources.
06 Oct 2010 11:43:19
(Official Notice)
Capco announced that it intends to release its interim management statement for the period from 1 July 2010 to 9 November 2010 on Tuesday 9 November 2010.
23 Sep 2010 12:30:28
(Official Notice)
Capco confirms that the South African rand exchange rate for the 2010 interim dividend of 0.5 pence per ordinary share to be paid on 27 October 2010, to all shareholders registered on 8 October 2010, will be ZAR10.952 to GBP1. On this basis, shareholders who hold their shares via the South African register will receive a dividend of ZAR5.476 cents per ordinary share.
03 Aug 2010 09:18:52
(C)
02 Jul 2010 09:26:22
(Official Notice)
Capital - Counties Properties PLC announces that it intends to release its half- year results for the six months ended 30 June 2010 on Tuesday 3 August 2010.
08 Jun 2010 15:40:29
(Official Notice)
In accordance with Listing Rule 9.6.14R(2) Capital - Counties Properties PLC announces that Henry Staunton, a non-executive Director of the company, has been appointed as a non-executive director of WH Smith PLC with effect from 1 September 2010.
07 Jun 2010 08:55:31
(Official Notice)
As announced on 2 June 2010, Henry Staunton was appointed as a non-executive director of the company with effect from 2 June 2010. Mr Staunton is a director of Legal - General Group plc, The Merchants Trust PLC and Standard Bank PLC, and was a director of Ladbrokes PLC until 14 May 2010. Mr Staunton has not held any other directorships of publicly quoted companies in the past five years.
26 May 2010 08:41:02
(Official Notice)
Capital - Counties Properties PLC, working with Transport for London ("TfL") and the London borough of Hammersmith - Fulham, announced that they have appointed Terry Farrell - Partners ("Farrells"), the internationally renowned architects and urban designers, to work with them to draw up a masterplan for the Earls Court site. The appointment was made after an international masterplanner competition. Capital - Counties Properties PLC, TfL and the London borough of Hammersmith - Fulham will work with Farrells over the coming months to develop a detailed masterplan for the site which will include in-depth community and stakeholder consultation to ensure the views of local residents are reflected. During the masterplan development process, the London borough of Hammersmith - Fulham will determine whether they wish to include the West Kensington and Gibbs Green housing estates in the development area.
17 May 2010 15:49:51
(Official Notice)
Capital - Counties Properties PLC ("Capital - Counties") announced that the high court of justice in England and Wales has made an order confirming the reduction of Capital - Counties' share capital. The Capital - Counties reduction of capital (under which the nominal value of each ordinary share will be reduced from 80 pence to 25 pence) will become effective upon the court's order being delivered to the registrar of companies in England and Wales, which is expected to take place on Tuesday, 18 May 2010.
10 May 2010 10:25:18
(Official Notice)
The directors of Capital - Counties Properties PLC (`Capital - Counties` or `the Company`) announce that the ordinary shares of the company have today commenced trading on the London Stock Exchange and the main board of the JSE Limited, following the company's demerger from Liberty International PLC1. There will be 621,828,502 shares in issue.



Capital - Counties is one of the largest listed central London focussed investment and development companies, with 81 investment properties located mainly in west London and the West End. The portfolio includes three unique landmark estates in Covent Garden, Earls Court - Olympia and the Great Capital Partnership. As at 31st December 2009, the Company's assets in London were valued at GBP1 240 million. The central London focus positions Capital - Counties to deliver superior total returns for shareholders by taking advantage of rising portfolio values in the Capital, which has continued to demonstrate growing numbers of visitors and a stronger level of consumer spending than the rest of the UK, throughout the recession. The company's focus has enabled it to significantly outperform the IPD (Investment Property Databank) over the last three years.



The Capital - Counties Ordinary Shares began trading on the LSE on a "when issued" basis at 8.00 a.m. on Monday 10 May 2010 under LSE code CAPC. Dealings in the Capital - Counties Ordinary Shares on the LSE on Monday 10 May 2010 and Tuesday 11 May 2010 will settle on Monday 17 May 2010. The Capital - Counties Ordinary Shares began trading on the JSE at 8.00 a.m. on Monday 10 May 2010 under JSE code CCO.

02-Jul-2015
(X)
Capital - Counties Properties PLC (Capco) is one of the largest listed property companies in central London. The company's key assets are the Covent Garden and Earls Court estates. Capco creates and grows value through a combination of asset management, strategic investment and selective development.


Send e-mail to for any enquiries or see Contact Details for phone numbers
Home   •   Terms & conditions   •   PAIA   •   Privacy Policy   •   Security Notice   •   Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.
© 2017 SHARENET (PTY) Ltd, Cape Town, South Africa
Best in 800x600 with IE6 or Mozilla Firefox