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CAPITAL & REGIONAL PLC - Directors remuneration

Release Date: 29/04/2020 17:00
Code(s): CRP     PDF:  
Wrap Text
Directors remuneration

CAPITAL & REGIONAL PLC
(Incorporated in the United Kingdom)
(UK company number 01399411)
LSE share code: CAL JSE share code: CRP
LEI: 21380097W74N9OYF5Z25
ISIN: GB00BL6XZ716
(“Capital & Regional” or “the Company”)


DIRECTORS REMUNERATION


The Company announces that, mindful of the significant impact of COVID-19 on Capital & Regional’s
employees, the Board of Directors have agreed to take a voluntary 20% reduction in salary or fees for the
months of April, May and June 2020. The funds saved will be used to support C&R employees and
communities most financially impacted by COVID-19.

Capital & Regional plc also announces that the Company completed on 28 April 2020 grants of the
following share awards of ordinary shares of £0.10 per share as part of the 2019 Bonus Award under the
Capital & Regional plc Combined Incentive Plan (the "Plan") to the following Directors of the Company:

Lawrence Hutchings            171,899
Stuart Wetherly               92,691

The awards were calculated with reference to the share price at the end of December 2019. The exercise
price for the awards granted is a maximum of £0.10 per share. Shares will vest in three equal tranches in
years three, four and five from grant and will be subject to the achievement of a relative Total Shareholder
Return (TSR) underpin. Further detail on the performance conditions is provided on page 64 of the
Company's Annual Report and Accounts for the year ended 30 December 2019. Vested shares will be
subject to an additional holding period up to fifth anniversary of the date of grant. Malus and clawback
provisions apply.

29 April 2020


JSE sponsor
Java Capital

Notes to editors:

About Capital & Regional plc

Capital & Regional is a UK focused retail property REIT specialising in shopping centres that dominate
their catchment, serving the non-discretionary and value orientated needs of the local communities. It has
a strong track record of delivering value enhancing retail and leisure asset management opportunities
across its portfolio of in-town shopping centres.

Capital & Regional owns seven shopping centres in Blackburn, Hemel Hempstead, Ilford, Luton,
Maidstone, Walthamstow and Wood Green. Capital & Regional manages these assets through its in-house
expert property and asset management platform.

Capital & Regional is listed on the main market of the London Stock Exchange (LSE) and has a secondary
listing on the Johannesburg Stock Exchange (JSE)

For further information see capreg.com/

Date: 29-04-2020 05:00:00
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