Capital & Regional Regulatory News (CAL)

18 Mar 2005 16:19

Capital & Regional plc18 March 2005 18 March 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 a further £1,050,000 in nominal value ofits Convertible Unsecured Loan Stock (CULS) for a total cost of £3,750,738. - 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. Buybacks for cancellationhave now reduced the total outstanding to 44% of the original amount issued. For further information see www.capreg.com This information is provided by RNS The company news service from the London Stock Exchange