UK company number 01399411
LSE share code: CAL
ISIN: GB00BL6XZ716
LEI: 21380097W74N9OYF5Z25
22 October 2024
CAPITAL & REGIONAL PLC
("Capital & Regional" or the "Company" or the "Group")
Board change
The Board announces that, following his resignation from the Company on 8 May 2024, Lawrence Hutchings, CEO, will immediately commence garden leave and will formally leave the business on 15 November 2024, at which point he will cease to be a Director of the Company.
Stuart Wetherly, Group Finance Director, has, with immediate effect, been appointed Acting CEO, assisted by James Ryman, Investment Director. This structure will remain in place at least until the completion of the recommended cash and share offer by NewRiver REIT plc for the Company.
David Hunter, Chairman, commented: "I would once again like to thank Lawrence for his service over the past seven years. Despite being on notice to depart, he has continued to serve with a very high level of commitment to the Company, and we wish him well for the future. I am also grateful to Stuart and James for their flexibility and support."
-Ends-
For further information:
Capital & Regional plc 020 7932 8000
David Hunter
Stuart Wetherly
FTI Consulting 020 3727 1000
Richard Sunderland
Bryn Woodward
Oliver Parsons
The contents of this announcement have been prepared by and are the sole responsibility of Capital & Regional.
This announcement contains inside information. The person responsible for arranging this announcement on behalf of Capital & Regional is Stuart Wetherly, Company Secretary and Chief Financial Officer.
About Capital & Regional plc
Capital & Regional is a UK focused retail property REIT specialising in shopping centres that dominate their catchment, serving the non-discretionary and value orientated needs of the local communities. It has a track record of delivering value enhancing retail and leisure asset management opportunities across a portfolio of tailored in-town community shopping centres.
Using its expert property and asset management platform Capital & Regional owns and manages shopping centres 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 see www.capreg.com.
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