Capital & Regional plc Combined Incentive Plan award (1570Y)
May 02 2023 - 10:00AM
UK Regulatory
TIDMCAL
RNS Number : 1570Y
Capital & Regional plc
02 May 2023
2 May 2023
CAPITAL & REGIONAL PLC ("Capital & Regional" or "the
Company")
UK company number 01399411
LSE share code: CAL
ISIN: GB00BL6XZ716
LEI: 21380097W74N9OYF5Z25
Combined Incentive Plan Award
Capital & Regional announces that on 2 May 2023, the Company
completed grants of the following share awards of ordinary shares
of GBP0.10 per share as part of the 2022 Bonus Award under the
Capital & Regional plc Combined Incentive Plan to the following
directors of the Company:
PARTICIPANT NUMBER OF SHARES AWARDED
Lawrence Hutchings 1,120,226
-------------------------
Stuart Wetherly 613,014
-------------------------
The awards were calculated with reference to the share price at
the end of December 2022. The exercise price for the awards gra
nted is a maximum of GBP0.10 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
underpin. Further detail on the performance conditions is provided
on page 124 to 127 of the Company's Annual Report and Accounts for
the year ended 30 December 2022. Vested shares will be subject to
an additional holding period up to fifth anniversary of the date of
grant. Malus and clawback provisions apply.
- ENDS -
For further information:
Capital & Regional plc 020 7932 8000
Lawrence Hutchings
Stuart Wetherly
FTI Consulting 020 3727 1000
Richard Sunderland
Maria Saud
capreg@fticonsulting.com
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 and/or manages shopping centres in
Hemel Hempstead, Ilford, Maidstone, Redditch, 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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END
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