Capital & Regional Regulatory News (CAL)

7 Jan 2005 16:23

Capital & Regional plc07 January 2005 7 January 2005 CAPITAL & REGIONAL PLC: ACQUISITION OF CONVERTIBLE UNSECURED LOAN STOCK FOR CANCELLATION Capital & Regional plc, the co-investing property asset manager, today announcesthat it has purchased for cancellation £7,250,000 in nominal value of itsConvertible Unsecured Loan Stock (CULS) for a total cost of £26,887,583. Thisamount represents 28% of the CULS originally issued, and leaves 51% of theoriginal issue still outstanding. - ENDS - For further information: Capital & Regional:Martin Barber, Chief Executive Tel. 020 7932 8101William Sunnucks, Group Finance Director Tel. 020 7932 8125 gcg hudson sandlerMichael Sandler / James Benjamin Tel: 020 7796 4133 Notes to Editors About Capital & Regional plc Capital & Regional is the co-investing asset manager which specialises in towncentre shopping centres, out of town retail parks, and urban entertainmentcomplexes. Capital & Regional founded the Mall and Junction Funds in conjunction withMorley Fund Management. It also founded the X-Leisure fund with HermesInvestment Management Limited, and has a number of other joint ventures anddevelopments. Its shares are quoted on the London Stock Exchange. In 1996 the company issued Convertible Unsecured Loan Stock with a nominal valueof £26,054,057. £1,412,070 was converted in 1997 and £4,215,540 wasrepurchased and cancelled in late 2004. For further information see www.capreg.com This information is provided by RNS The company news service from the London Stock Exchange