LONDON - Capital & Regional plc, a UK-focused retail property group, announced today that its shares have been officially delisted from the London Stock Exchange (LON:LSEG) following the successful acquisition by NewRiver REIT plc. The delisting took effect at 8.00 a.m. London time, as part of the scheme of arrangement under Part 26 of the Companies Act 2006.
The transaction was first announced on December 10, 2024, when Capital & Regional confirmed that the terms of the acquisition scheme had been met. Following this development, the Financial Conduct Authority proceeded with the cancellation of Capital & Regional's shares from the Official List, and trading on the Main Market ceased accordingly.
Shareholders on the South African Register can expect settlement of the cash consideration on December 24, 2024, and the shares will be removed from the Johannesburg Stock Exchange on December 27, 2024.
This corporate maneuver follows a series of strategic efforts by NewRiver, a specialist real estate investment trust focused on the UK retail and leisure sector, to expand its portfolio and consolidate its market presence. The acquisition of Capital & Regional is a significant addition to its assets, given the latter's ownership and management of a number of shopping centers in the UK.
The delisting marks the end of Capital & Regional's presence on public stock markets, transitioning the company into a privately held entity under NewRiver's expanding umbrella. Shareholders affected by the delisting and cancellation of trading have been advised to consult the Scheme Document available on both companies' websites for further details.
The completion of this acquisition is the culmination of negotiations and regulatory compliance overseen by financial advisors and legal representatives from both parties. The transaction has been carried out following all necessary legal and regulatory protocols to ensure a smooth transition of ownership.
This article is based on a press release statement issued by Capital & Regional plc and does not constitute financial advice or an endorsement of the companies' market positions.
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