Source - LSE Regulatory
RNS Number : 3519W
Capital & Regional plc
21 December 2021
 

21 December 2021

 

CAPITAL & REGIONAL PLC ("Capital & Regional" or "the Company")

UK company number 01399411

LSE share code: CAL

ISIN: GB0001741544

LEI: 21380097W74N9OYF5Z25

 

DIRECTOR SHAREHOLDING 

  

The Company has been notified of the following transactions in its ordinary shares of 10 pence each ("Shares") by Directors of the Company. 

 

On 17 December 2021, Directors exercised share awards granted to them under the Company's 2008 Long Term Incentive Plan ("LTIP") and 2017 Deferred Bonus Share Plan ("Bonus Plan"), as outlined below:

 

Name of Director 

Role 

Share plan

Number of options 

exercised 

Number of Shares sold 

Number of Shares retained 

Stuart Wetherly

Group Finance Director

LTIP

5,292

2,487

2,805

Lawrence Hutchings

Chief Executive

Bonus Plan

5,636

2,649

2,987

 

For all of the transactions in the above table, the options were exercised on 17 December 2021 at nil cost.  The sale of Shares took place on 17 December 2021 at an average price of 58.00 pence per share in order to satisfy the tax liability crystallising as a result of exercise of the options.  

 

Following the above transactions, the total beneficial shareholdings of the Directors in the Company are as follows: 

 

Name of Director 

Role 

Interest in Shares prior to transactions 

Total Shares following transactions 

Total Shares held post transactions as a % of total voting rights 

Stuart Wetherly

Group Finance Director 

32,798

35,603

0.022%

Lawrence Hutchings

Chief Executive

9,030

12,017

0.007%

 

This announcement is made in accordance with the requirements of the EU Market Abuse Regulation. 

 

  

 

- ENDS -

For further information:

 

Capital & Regional:

Tel:  020 7932 8000

Lawrence Hutchings, Chief Executive

Stuart Wetherly, Group Finance Director




FTI Consulting:

Tel: 020 3727 1000

Richard Sunderland

Claire Turvey

capreg@fticonsulting.com


 

Notes to editors:

 

About Capital & Regional plc

Capital & Regional is a UK focused specialist property REIT with a strong track record of delivering significant value enhancing retail and leisure asset management opportunities across its portfolio of in-town, dominant community 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.  

 

For further information see www.capreg.com.

 

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