Capital & Regional plc has announced that its Employee Share Ownership Trust (ESOT) has acquired 750,000 ordinary shares in the company on the open market. The shares were purchased at a cost of £0.574 per share on September 26, 2023. The ESOT plans to use these shares to settle share awards that are due to vest in the coming months. Following this purchase, the ESOT now holds a total of 790,376 ordinary shares in the company. The ESOT does not currently have any plans to make further share purchases.
Capital & Regional is a UK-focused retail property REIT that specializes in shopping centers. The company's shopping centers are designed to serve the non-discretionary and value-oriented needs of local communities. Capital & Regional has a track record of delivering value-enhancing retail and leisure asset management opportunities across its portfolio of tailored in-town community shopping centers. The company owns and manages shopping centers in Edinburgh, Hemel Hempstead, Ilford, Maidstone, Walthamstow, and Wood Green. Capital & Regional is listed on the main market of the London Stock Exchange (LSE) and has a secondary listing on the Johannesburg Stock Exchange (JSE).