CAPITAL & REGIONAL PLC — AGM Information 2013

Jan 10, 2013

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RNS Number : 2924V

Capital & Regional plc

10 January 2013

10 January 2013

CAPITAL & REGIONAL PLC

Shareholder approval of Disposal of

X-Leisure Business and Rule 9 Waiver

Capital & Regional plc (the "Company") announces that at a General Meeting of the Company, duly convened and held today, the resolutions as set out in the Notice of General Meeting which were included in the shareholder circular dated 21 December 2012 were passed on a show of hands and on a poll.

Proxies were received by the Company from shareholders in advance of the meeting as set out in the table below. The Company has a total of 350,612,754 ordinary shares with voting rights in issue.

Resolution	For	Against	Discretionary	Total Shares Voted	For/ Discretionary as % of Total Shares Voted
1 - To approve the disposal of the interest in the X-Leisure Business	263,044,643	11,262	20,054	263,075,959	100.00
2 - To approve the Rule 9 Waiver	102,891,839	69,162,283	21,266	172,075,388	59.81

Following shareholder approval the principal remaining conditions precedent for completion of the transaction are documenting the X-Leisure bank consents and obtaining Jersey Financial Services Commission approval for the Land Securities Jersey Manager.  Completion is expected to take place before the end of the month.

For further information:

Capital & Regional                                         

Hugh Scott-Barrett, Chief Executive                               Tel: 020 7932 8000

Charles Staveley, Group Finance Director                     Tel: 020 7932 8000

Numis Securities Limited (Financial adviser and sponsor)

Heraclis Economides / Andrew Holloway                       Tel: 020 7260 1000                            

Maitland

Martin Leeburn / Emma Burdett                                      Tel: 020 7379 5151

Notes to editors

About Capital & Regional Plc

Capital & Regional is a specialist property company with a track record of developing asset management opportunities in town centre shopping centres and out of town retail parks.

Capital & Regional founded The Mall in conjunction with Aviva Investors. Capital & Regional acts as Property and Asset Manager for the Mall and holds 20.1% of this fund.

Capital & Regional & AREA Property Partners each hold a 50% interest in a German retail property portfolio which is managed by Garigal Asset Management GmbH, in which Capital & Regional holds a 30% interest.

Capital & Regional has a number of other joint ventures and wholly-owned properties.

For further information see www.capreg.com

This information is provided by RNS

The company news service from the London Stock Exchange

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