| Tue 6 Mar 2012, 9:00 | | CSO - Capital Shopping Centres Group Plc - Disposal of 4.06 million shares in |
|
CSO
CSO
CSO - Capital Shopping Centres Group Plc - Disposal of 4.06 million shares in
Equity One, Inc.
CAPITAL SHOPPING CENTRES GROUP PLC
(Registration number UK3685527)
ISIN Code: GB0006834344
JSE Code: CSO
Issuer Code: CSCSCG
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 the press release below 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.
ENQUIRIES:
Capital Shopping Centres Group PLC
Matthew Finance Director +44 (0)20 7960 1353
Roberts
Kate Bowyer Investor Relations Manager +44 (0)20 7960 1250
Press
UK Michael Sandler/Wendy Baker, Hudson +44 (0)20 7796 4133
Sandler
SA Morne Reinders, College Hill +27 (0)11 447 3030
Sponsor:
Merrill Lynch SA (Pty) Limited
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 GBP7
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
"Press release
Equity One, Inc. For additional information:
1600 NE Miami Gardens Drive Mark Langer, EVP and
North Miami Beach, FL 33179 305-947- Chief Financial Officer
1664
Equity One Announces Secondary Offering of Common Stock by Selling
Stockholder
North Miami Beach, FL, March 5, 2012 - Equity One, Inc. (NYSE:EQY), an owner,
developer, and operator of shopping centers, announced today a public
secondary offering of 4,060,606 shares of its outstanding common stock by CSC
Ventures Limited, a stockholder of the Company and subsidiary of Capital
Shopping Centres Group PLC. CSC Ventures is not selling, and the underwriter
is not offering, approximately 11.4 million shares of Equity One common stock
underlying interests in Equity One`s CapCo joint venture held by a subsidiary
of Capital Shopping Centres Group. Equity One will not receive any of the
proceeds from the sale of shares of common stock by the selling stockholder
in the offering. On March 2, 2012, the last reported sale price of Equity One
common stock as reported on the New York Stock Exchange was $19.12 per share.
UBS Investment Bank is the sole underwriter of the offering.
This offering is being made by means of a prospectus supplement to the
Company`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, the Company`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.
ABOUT EQUITY ONE, INC.
As of December 31, 2011, Equity One`s consolidated property portfolio
comprised 165 properties totaling approximately 17.2 million square feet of
gross leasable area, or GLA, and included 144 shopping centers, nine
development or redevelopment properties, six non-retail properties and six
land parcels. Additionally, Equity One had joint venture interests in 17
shopping centers and two office buildings totaling approximately 2.8 million
square feet.
FORWARD LOOKING STATEMENTS
Certain matters discussed by Equity One in this press release, including the
proposed offering by the selling stockholder of shares of Equity One`s common
stock, constitute forward-looking statements within the meaning of the
federal securities laws. Although Equity One believes that the expectations
reflected in such forward-looking statements are based upon reasonable
assumptions, it can give no assurance that these expectations will be
achieved. Factors that could cause actual results to differ materially from
current expectations include changes in macro-economic conditions and the
demand for retail space in the states in which Equity One owns properties;
the continuing financial success of Equity One`s current and prospective
tenants; the risks that Equity One may not be able to proceed with or obtain
necessary approvals for development or redevelopment projects or that it may
take more time to complete such projects or incur costs greater than
anticipated; the availability of properties for acquisition; the extent to
which continuing supply constraints occur in geographic markets where Equity
One owns properties; the success of its efforts to lease up vacant space; the
effects of natural and other disasters; the ability of Equity One to
successfully integrate the operations and systems of acquired companies and
properties; changes in Equity One`s credit ratings; and other factors, which
are described in Equity One`s filings with the Securities and Exchange
Commission. Equity One undertakes no obligation to update these statements
for revisions or changes after the date of this release, except as required
by applicable law."
Date: 06/03/2012 09:00:02 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
