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

CAPITAL & COUNTIES PROPERTIES PLC - Response to press speculation

Release Date: 05/11/2018 17:05
Code(s): CCO     PDF:  
Wrap Text
Response to press speculation

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
CAPITAL & COUNTIES PROPERTIES PLC (the “Company”)

05 November 2018

LEI: 549300TTXXZ1SHUI0D54

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR
FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION

FOR IMMEDIATE RELEASE

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION


                    CAPITAL & COUNTIES PROPERTIES PLC (“Capco”)


                                   Response to press speculation


Capital & Counties Properties PLC (“Capco” or “the Company”) notes recent press speculation and
confirms that it continues to advance preparations for a possible demerger.

In the interim, the Company has received a number of proposals in relation to Capco’s interests in Earls
Court which it is considering. This includes discussions with CK Asset Holdings Limited regarding a
conditional proposal for the sale of substantially all of Capco’s interests in Earls Court Properties
(excluding the Lillie Square joint venture). The Board will evaluate the terms of any proposal against
the merits of a demerger and other options.

At this stage there is no certainty that a transaction will proceed and any transaction would be expected
to be subject to closing conditions. Further announcements will be made in due course 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                        Head of Investor Relations                   +44 (0)20 3214 9165


Media enquiries:
Sarah Hagan                          Group Director of Communications         +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


Person responsible:
The person responsible for arranging the release of this announcement is Ruth Pavey, Company
Secretary.



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 estates at Covent Garden and Earls Court were valued at £3.3 billion as at
30 June 2018 (Group share). The company is listed on the London Stock Exchange and the
Johannesburg Stock Exchange.

www.capitalandcounties.com

Date: 05/11/2018 05:05:00 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