Watch List share

Capital & Regional plc

Response to Press Speculation

The Board of Capital & Regional plc (“Capital & Regional” or the “Company”) notes the recent press speculation.

The Board of Capital & Regional confirms that on 19 April 2024 it received a non-binding indicative proposal from Vukile Property Fund Limited (“Vukile”) regarding a possible cash and share offer for the entire issued, and to be issued, share capital of Capital & Regional (the “Vukile Proposal”).

In addition to the Vukile Proposal, the Board of Capital & Regional confirms that it is aware that its majority shareholder Growthpoint Properties Limited (“Growthpoint”) which holds 68.13% of the Company’s issued share capital, has also received a preliminary expression of interest from NewRiver REIT plc (“NewRiver”) in relation to a possible offer in cash and shares for the entire issued, and to be issued, share capital of Capital & Regional (the “NewRiver Expression of Interest”). The Board of Capital & Regional confirms that it has received no offer proposal from NewRiver at this stage.

There can be no certainty that any firm offer will be made for the Company, nor as to the terms on which any offer will be made.

The Board of Capital & Regional will issue a further statement if and when appropriate.

Rule 2.6(a) of the Code requires that each of Vukile and NewRiver, by no later than 5.00 p.m. on 20 June 2024, being the 28th day following the date of this announcement, either announce a firm intention to make an offer for Capital & Regional in accordance with Rule 2.7 of the Code or announce that they do not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will only be extended with the consent of the Takeover Panel, in accordance with Rule 2.6(c) of the Code.

This announcement is being made without the consent of Growthpoint, Vukile or NewRiver

£££££££££££

Congrats if u own the Trust.