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CAPITAL & COUNTIES PROPERTIES PLC - Possible Sale of Venues

Release Date: 07/04/2017 08:14
Code(s): CCO     PDF:  
Wrap Text
Possible Sale of Venues

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

07 April 2017

                      CAPITAL & COUNTIES PROPERTIES PLC (“Capco”)

                                         Possible Sale of Venues

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.

                                                      -ENDS-



Enquiries

Capital & Counties Properties PLC:
Ian Hawksworth                           Chief Executive                                   +44 (0)20 3214 9188
Situl Jobanputra                         Chief Financial Officer                           +44 (0)20 3214 9183
Sarah Corbett                            Investor Relations Manager                        +44 (0)20 3214 9165

Media enquiries:
Sarah Hagan                              Director of Communications & Marketing            +44 (0)20 3214 9185
UK: Tulchan                              Susanna Voyle                                     +44 (0)20 7353 4200
SA: Instinctif                           Frederic Cornet                                   +27 (0)11 447 3030

JSE Sponsor:
Merrill Lynch South Africa (Pty) Limited



Notes to Editors

About Capital & Counties Properties PLC (Capco):
Capital & Counties Properties PLC is one of the largest investment and development property companies that
specialises in central London real estate and is a constituent of the FTSE-250 Index. Capco's landmark London
                                 1
estates are valued at £3.7 billion (as at 31 December 2016): Covent Garden, which has assets valued at £2.3
billion including the historic Market Building; and Earls Court Properties including the Empress State Building
together with the Venues business with aggregate property assets of £1.4 billion. The company is listed on the
London Stock Exchange and the Johannesburg Stock Exchange.


1. Group share

www.capitalandcounties.com

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