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CAPITAL & COUNTIES PROPERTIES PLC - Transaction in Own Shares

Release Date: 12/12/2012 14:30
Code(s): CCO     PDF:  
Wrap Text
Transaction in Own Shares

Capital & Counties Properties PLC
(Incorporated and registered in the United Kingdom and Wales with registration Number 07145041
and registered in South Africa as an external company with Registration Number 2010/003387/10)
JSE code: CCO
ISIN: GB00B62G9D36

12 DECEMBER 2012

CAPITAL & COUNTIES PROPERTIES PLC (“Capco” or “the Company”)

TRANSACTION IN OWN SHARES

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 today, being the Effective Date, purchased a total of 431,651 of its own ordinary shares
of 25 pence each as follows:

-       106,651 ordinary shares held on the UK share register were purchased at a price of 236.07 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.

Enquiries:

Ruth Pavey, Company Secretary
Telephone +44 20 7297 6283

Sponsor: Merrill Lynch South Africa Proprietary Ltd

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