To view the PDF file, sign up for a MySharenet subscription.

CSO - Capital Shopping Centres Group Plc - Pricing of Secondary Offering Of 4.06

Release Date: 07/03/2012 07:18
Code(s): CSO
Wrap Text

CSO - Capital Shopping Centres Group Plc - Pricing of Secondary Offering Of 4.06 Million Shares In Equity One, Inc. CAPITAL SHOPPING CENTRES GROUP PLC (Registration number UK3685527) ISIN Code: GB0006834344 JSE Code: CSO Issuer Code: CSCSCG 6 March 2012 CAPITAL SHOPPING CENTRES GROUP PLC PRICING OF SECONDARY OFFERING OF 4.06 MILLION SHARES IN EQUITY ONE, INC. Further to its announcement of this morning, Capital Shopping Centres Group PLC (CSC) now announces the pricing of the sale by one of its subsidiaries of 4,060,606 shares of the common stock of Equity One, Inc. by public secondary offering. Gross proceeds amount to approximately $76.9 million before deducting offering expenses. CSC is not selling, and the underwriter is not offering, approximately 11.4 million shares of Equity One common stock underlying CSC`s interests in Equity One`s CapCo joint venture. The last reported sale price of Equity One common stock as reported on the New York Stock Exchange on 5 March 2012 was $19.33 per share. Please see the press release below issued by Equity One for further detail. ENQUIRIES: Capital Shopping Centres Group PLC Susan Marsden Company Secretary +44 (0)20 7887 7073 Press UK Michael Sandler/Wendy Baker, Hudson +44 (0)20 7796 4133 Sandler SA Morne Reinders, College Hill +27 (0)11 447 3030 Sponsor: Merrill lynch SA (Pty) Limited NOTES TO EDITORS: Capital Shopping Centres is the leading specialist UK regional shopping centre REIT We own and operate 14 of the very best shopping centres, in the strongest locations right across the country - that`s more than any other operator. With over 16 million sq ft of retail space and a valuation of GBP7 billion, our shopping centres attract 320 million customer visits a year. Every single one of the UK`s top 20 retailers are in our shopping centres, alongside some of the world`s most iconic global brands. Our five major out-of-town centres and nine in-town destinations include ten of the UK`s top 25 shopping centres. Our out-of-town centres include The Trafford Centre, Lakeside, Metrocentre, Braehead, and The Mall at Cribbs Causeway, and our in-town prime destinations include Cardiff, Manchester, Newcastle, Norwich, Nottingham, Bromley, Uxbridge, Watford and Stoke-on- Trent. This means that two thirds of the UK`s population are within a 45 minute drive from one of our centres. In November 2011, we acquired Broadmarsh shopping centre in Nottingham bringing our portfolio to 15 centres. We are a responsible and environmentally conscious participant in the communities where we invest. For further information see www.capital-shopping-centres.co.uk "Press release Equity One, Inc. For additional information: 1600 NE Miami Gardens Drive Mark Langer, EVP and North Miami Beach, FL 33179 Chief Financial Officer 305-947-1664 Equity One Announces Pricing of Secondary Offering of Common Stock by Selling Stockholder North Miami Beach, FL, March 6, 2012 - Equity One, Inc. (NYSE:EQY), an owner, developer, and operator of shopping centers, announced today the pricing of a public secondary offering of 4,060,606 shares of its outstanding common stock by CSC Ventures Limited, a stockholder of the Company and subsidiary of Capital Shopping Centres Group PLC, for gross proceeds of approximately $76.9 million (before deducting offering expenses). CSC Ventures is not selling, and the underwriter is not offering, approximately 11.4 million shares of Equity One common stock underlying interests in Equity One`s CapCo joint venture held by a subsidiary of Capital Shopping Centres Group. Equity One will not receive any of the proceeds from the sale of shares of common stock by the selling stockholder in the offering. On March 5, 2012, the last reported sale price of Equity One common stock as reported on the New York Stock Exchange was $19.33 per share. The offering is scheduled to close on or about March 9, 2012. UBS Investment Bank is the sole underwriter of the offering and has offered the shares at prevailing market prices or otherwise from time to time through the New York Stock Exchange, in the over-the counter market, through negotiated transactions or otherwise. This offering is being made by means of a prospectus supplement to the Company`s existing shelf registration statement filed with the U.S. Securities and Exchange Commission. Copies of the prospectus supplement and accompanying base prospectus may be obtained from UBS Investment Bank, 299 Park Avenue, New York, NY 10171, Attn: Prospectus Department, or by calling UBS Investment Bank at (888) 827-7275. This press release shall not constitute an offer to sell, nor the solicitation of an offer to buy, the Company`s common stock or any other securities, nor shall there be any sale of securities mentioned in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. ABOUT EQUITY ONE, INC. As of December 31, 2011, Equity One`s consolidated property portfolio comprised 165 properties totalling approximately 17.2 million square feet of gross leasable area, or GLA, and included 144 shopping centers, nine development or redevelopment properties, six non-retail properties and six land parcels. Additionally, Equity One had joint venture interests in 17 shopping centers and two office buildings totaling approximately 2.8 million square feet. FORWARD LOOKING STATEMENTS Certain matters discussed by Equity One in this press release, including the proposed offering by the selling stockholder of shares of Equity One`s common stock, constitute forward-looking statements within the meaning of the federal securities laws. Although Equity One believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that these expectations will be achieved. Factors that could cause actual results to differ materially from current expectations include changes in macro-economic conditions and the demand for retail space in the states in which Equity One owns properties; the continuing financial success of Equity One`s current and prospective tenants; the risks that Equity One may not be able to proceed with or obtain necessary approvals for development or redevelopment projects or that it may take more time to complete such projects or incur costs greater than anticipated; the availability of properties for acquisition; the extent to which continuing supply constraints occur in geographic markets where Equity One owns properties; the success of its efforts to lease up vacant space; the effects of natural and other disasters; the ability of Equity One to successfully integrate the operations and systems of acquired companies and properties; changes in Equity One`s credit ratings; and other factors, which are described in Equity One`s filings with the Securities and Exchange Commission. Equity One undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by applicable law." Date: 07/03/2012 07:18:21 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

Share This Story