Capital & Regional - Combined Incentive Plan award
02/05/2023 16:00
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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 £0.10 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 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 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 (mailto: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 (http://www.capreg.com/) .
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