REG - Cap Shop Ctrs Grp - Disposal of Shares in Equity One, Inc.

Tue Mar 6, 2012 2:02am EST

* Reuters is not responsible for the content in this press release.

RNS Number : 7390Y
Capital Shopping Centres Group PLC
06 March 2012
 



6 March 2012 

 

CAPITAL SHOPPING CENTRES GROUP PLC

 

DISPOSAL OF 4.06 MILLION SHARES IN EQUITY ONE, INC.

 

Capital Shopping Centres Group PLC (CSC) announces that one of its subsidiaries has sold 4,060,606 shares of the common stock of Equity One, Inc. by public secondary offering. CSC is not selling, and the underwriter is not offering, approximately 11.4 million shares of Equity One common stock underlying CSC's interests in Equity One's CapCo joint venture. 

 

The market value of the shares being sold by CSC was approximately $78 million based on the last reported sale price of Equity One common stock as reported on the New York Stock Exchange of $19.33 per share on 5 March 2012. Please see attached press release issued by Equity One for further detail. A further statement will be issued as soon as practicable after final pricing of the offering.

 

This offering is being made by means of a prospectus supplement to Equity One's existing shelf registration statement filed with the U.S. Securities and Exchange Commission.  Copies of the prospectus supplement and accompanying base prospectus may be obtained from UBS Investment Bank, 299 Park Avenue, New York, NY 10171, Attn: Prospectus Department, or by calling UBS Investment Bank at (888) 827-7275.

 

This press release shall not constitute an offer to sell, nor the solicitation of an offer to buy, Equity One's common stock or any other securities, nor shall there be any sale of securities mentioned in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

 

To view the press release issued by Equity One, please paste the following URL into the address bar of your browser:

 

http://www.rns-pdf.londonstockexchange.com/rns/7390Y_-2012-3-6.pdf 

 

ENQUIRIES:

Capital Shopping Centres Group PLC

Matthew Roberts

Finance Director

+44 (0)20 7960 1353

Kate Bowyer

Investor Relations Manager

+44 (0)20 7960 1250

Press

UK

Michael Sandler/Wendy Baker, Hudson Sandler

+44 (0)20 7796 4133

SA

Morné Reinders, College Hill

+27 (0)11 447 3030

 

NOTES TO EDITORS:

Capital Shopping Centres is the leading specialist UK regional shopping centre REIT

 

We own and operate 14 of the very best shopping centres, in the strongest locations right across the country - that's more than any other operator.

 

With over 16 million sq ft of retail space and a valuation of £7 billion, our shopping centres attract 320 million customer visits a year. Every single one of the UK's top 20 retailers are in our shopping centres, alongside some of the world's most iconic global brands.


Our five major out-of-town centres and nine in-town destinations include ten of the UK's top 25 shopping centres.  Our out-of-town centres include The Trafford Centre, Lakeside, Metrocentre, Braehead, and The Mall at Cribbs Causeway, and our in-town prime destinations include Cardiff, Manchester, Newcastle, Norwich, Nottingham, Bromley, Uxbridge, Watford and Stoke-on-Trent. This means that two thirds of the UK's population are within a 45 minute drive from one of our centres.

 

In November 2011, we acquired Broadmarsh shopping centre in Nottingham bringing our portfolio to 15 centres.

 

We are a responsible and environmentally conscious participant in the communities where we invest.

 

For further information see www.capital-shopping-centres.co.uk

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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