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CAPITAL & REGIONAL PLC - Issue of LTIP awards

Release Date: 19/04/2017 17:00
Code(s): CRP     PDF:  
Wrap Text
Issue of LTIP awards

CAPITAL & REGIONAL PLC
(Incorporated in the United Kingdom)
(UK company number 01399411)
LSE share code: CAL JSE share code: CRP
LEI: 21380097W74N9OYF5Z25
ISIN: GB0001741544
(“Capital & Regional” or “the Company” or “the Group”)


ISSUE OF LTIP AWARDS


Capital & Regional plc announces that Zedra Trust Company (Guernsey) Limited, the trustee of the Capital & Regional
plc Employee Ownership Trust 2002 (the "Trustee") has today granted the following share awards of ordinary shares
of £0.01 per share under The Capital & Regional plc 2008 Long Term Incentive Plan (the "Plan") to the following
Directors/Persons Discharging Managerial Responsibility of the Company:

Ken Ford                660,905
Charles Staveley        627,300

The exercise price for the awards granted is a maximum of £0.01 per share. Performance conditions measured over a
three year period will determine the extent to which the awards will vest. Further detail on the performance conditions
is provided on page 60 of the Company’s Annual Report and Accounts for the year ended 30 December 2016. A
holding period applies such that, in normal circumstances, awards must be held for two years following the end of the
performance period. Malus and clawback provisions apply. Awards were also made to approximately 50 members of
staff.
An award of 1,260,504 ordinary shares will also be made to Lawrence Hutchings as soon as practicable upon him
joining the Company as Chief Executive on 13 June 2017.

19 April 2017

JSE sponsor
Java Capital

Notes to editors:
About Capital & Regional plc
Capital & Regional is a UK focused specialist property REIT with a strong track record of delivering value enhancing
retail and leisure asset management opportunities across a c. GBP 1 billion portfolio of in-town dominant community
shopping centres. Capital & Regional is listed on the main market of the London Stock Exchange and has a secondary
listing on the Johannesburg Stock Exchange.

Capital & Regional owns seven shopping centres in Blackburn, Hemel Hempstead, Ilford, Luton, Maidstone,
Walthamstow and Wood Green. It also has a 20% joint venture interest in the Kingfisher Centre in Redditch. Capital
& Regional manages these assets, which comprise over 900 lettable units and attract c. 1.7 million shopping visits
each week, through its in-house expert property and asset management platform. For further information see
www.capreg.com.

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