LONDON - Capital & Regional plc, a UK-based real estate investment trust (REIT), has announced an upcoming addition to its share listings on the London Stock Exchange (LON:LSEG). The company has applied for 1,404,542 Ordinary Shares to be admitted to the Official List of the UK Listing Authority, with trading expected to commence on December 2, 2024.
The new shares, each with a nominal value of 10p, will be issued in connection with the proposed combination of Capital & Regional and NewRiver REIT plc. This issuance is part of the fulfillment of awards under the Company's Employee Share Ownership Trust, which are set to vest upon court sanction of the scheme of arrangement outlined in a shareholder circular dated October 21, 2024.
Upon the admission of these additional shares, Capital & Regional's total issued share capital will increase to 234,400,789 ordinary shares. The shares will be fully paid and will rank equally with the existing issued ordinary shares in all respects.
Shareholders and investors should note that this figure will serve as the denominator for the calculations required to determine whether they must disclose changes in their shareholding as per the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
The International Securities Identification Number (ISIN) for the Capital & Regional shares is GB00BL6XZ716. The company's announcement is based on a press release statement and provides shareholders with the necessary information to comply with market regulations surrounding ownership disclosure.
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