31 March 2016
CAPITAL & REGIONAL PLC ("Capital & Regional" or "the Company")
NOTIFICATION OF INTEREST PURSUANT TO DTR 3.1.2R OF THE DISCLOSURE AND TRANSPARENCY RULES
On 30 March 2016 the Company received notification that Rameros Investments sold 150,000 shares on 8 March 2016 at a net price of 13.49 ZAR per share, equivalent to 61.6p per share based on an exchange rate of 21.9 ZAR to 1 GBP at 8 March 2016.
Rameros Investments is a connected party of Louis Norval although he does not have a beneficial interest in the entity.
The beneficial interest of Louis Norval in the Company is 129,102,511 ordinary shares, representing 18.42% of the Company's issued share capital. The total shareholding of all parties connected to Louis Norval, including those in which he has a beneficial interest and those which he does not but has a connection to, is 167,596,283 shares, representing 23.92% of the Company's issued share capital.
ENDS
For further information:
Capital & Regional: |
Tel: 020 7932 8000 |
Hugh Scott-Barrett, Chief Executive |
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Charles Staveley, Group Finance Director |
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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. £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, Camberley, Hemel Hempstead, Luton, Maidstone, Walthamstow and Wood Green. It also has a 20% joint venture interest in the Kingfisher Centre in Redditch and a 50% joint venture in the Buttermarket Centre, Ipswich. Capital & Regional manages these assets, which comprise over 950 retail units and attract over 1.7 million shopping visits each week, through its in-house expert property and asset management platform.
For further information see www.capreg.com.