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CAPITAL & REGIONAL PLC - Update regarding dividend finalisation announcement

Release Date: 26/04/2017 12:00
Code(s): CRP     PDF:  
Wrap Text
Update regarding dividend finalisation announcement

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


UPDATE REGARDING DIVIDEND FINALISATION ANNOUNCEMENT


Shareholders are referred to the Dividend Finalisation Announcement (the “finalisation announcement”) released on
13 April 2017 and are advised that an amended ‘Shareholders who elect to take shares’ section is presented below.
The amendments relate solely to the illustrative figures included for JSE shareholders and do not impact LSE
shareholders.

All defined terms in the finalisation announcement are applicable to this announcement, all other details remain
unchanged.

Shareholders who elect to take shares:

The number of New Ordinary Shares to be allocated to shareholders electing to participate in the Scrip Dividend
Scheme will be calculated by dividing the gross value of the Dividend otherwise receivable by a Shareholder by the
Scrip Calculation Price and rounding down to the nearest whole number. As no fraction of a new share will be issued,
for LSE shareholders any residual Cash Balance, i.e. the total value of the dividend receivable less the value of the
shares allocated, will be rolled forward and factored into the Scrip calculation for the next relevant Dividend. For JSE
shareholders, any residual Cash Balance will be paid in cash in the same way as the Dividend would have been paid
had those shareholders not elected to receive the scrip alternative.

By way of illustration, a shareholder who holds 1,000 shares and who elects to receive New Ordinary Shares pursuant
to the Scrip Dividend Scheme, will receive a number of New Ordinary Shares calculated as follows:

                                                                          LSE Shareholders          JSE Shareholders
 Amount of non-PID dividend entitled to receive
 (per 1.77 pence or 30.12540 ZAR cents x 1,000):                                    £17.70             301.25400 ZAR
 Scrip Calculation Price                                                       56.48 pence               9.61290 ZAR
 Calculated number of new shares to which shareholder is
 entitled (assuming no cash residual balance brought forward)                     31.33853                  31.33853
 Actual number of new shares received                                                   31                        31
 Cash Balance (multiply fractional entitlement by Scrip
 Calculation Price)                                                               19 pence                  3.25 ZAR
 Less 20% SA dividends tax on the Cash Balance payable
 (JSE shareholders)                                                                    N/A                  0.65 ZAR
 Cash Balance net of SA dividends tax (JSE shareholders)                               N/A                  2.60 ZAR

26 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.

Date: 26/04/2017 12:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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