13th Jun 2007 15:56
Capital & Regional plc13 June 2007 13 June 2007 CAPITAL & REGIONAL PLC ANNOUNCES SHARE BUYBACK PROGRAMME Capital & Regional plc, the co-investing property asset manager, today announcesthat it intends to commence a limited share buyback programme. The directorsbelieve the Company's co-investing asset manager business model has excellentprospects to deliver enhanced returns to its shareholders. The Board hasdecided to initiate a limited share buyback programme when it considers it isappropriate for the Company to do so, taking into account alternative investmentopportunities. 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. For further information see www.capreg.com - ENDS - For further information: Capital & Regional:William Sunnucks, Group Finance Director Tel: 020 7932 8101 UBS Limited:James Archer Tel: 020 7567 5423 MaitlandMartin Leeburn Tel: 020 7379 5151Emma Burdett Tel: 020 7379 5151 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Capital & Regional