Capital & Regional PLC has announced the completion of a share award under the 2023 Bonus Award as part of the Capital & Regional plc Combined Incentive Plan. Stuart Wetherly, a director of the company, has been granted 596,604 ordinary shares of £0.10 each. The award is based on the share price at the end of December 2023, with an exercise price of up to £0.10 per share. The shares will vest in three equal tranches over years three, four, and five from the grant, subject to the achievement of a relative Total Shareholder Return underpin. Additionally, vested shares will be subject to an additional holding period up to the fifth anniversary of the grant date, with malus and clawback provisions in place.
Capital & Regional is a UK-focused retail property REIT specializing in shopping centers that cater to the non-discretionary and value-oriented needs of local communities. The company has a strong track record of delivering value-enhancing retail and leisure asset management opportunities across a portfolio of tailored in-town community shopping centers. Its expert property and asset management platform oversees 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).
For further information, individuals can contact Capital & Regional plc at 020 7932 8000 or FTI Consulting at 020 3727 1000.