| Wed 7 Mar 2012, 7:18 | | CSO - Capital Shopping Centres Group Plc - Pricing of Secondary Offering Of 4.06 |
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CSO
CSO
CSO - Capital Shopping Centres Group Plc - Pricing of Secondary Offering 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
PRICING OF SECONDARY OFFERING OF 4.06 MILLION SHARES IN EQUITY ONE, INC.
Further to its announcement of this morning, Capital Shopping Centres Group PLC
(CSC) now announces the pricing of the sale by one of its subsidiaries of
4,060,606 shares of the common stock of Equity One, Inc. by public secondary
offering. Gross proceeds amount to approximately $76.9 million before deducting
offering expenses. 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 last reported sale price of Equity One common stock as reported on the New
York Stock Exchange on 5 March 2012 was $19.33 per share. Please see the press
release below issued by Equity One for further detail.
ENQUIRIES:
Capital Shopping Centres Group PLC
Susan Marsden Company Secretary +44 (0)20 7887 7073
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 Chief Financial Officer
305-947-1664
Equity One Announces Pricing of Secondary Offering of Common Stock by Selling
Stockholder
North Miami Beach, FL, March 6, 2012 - Equity One, Inc. (NYSE:EQY), an owner,
developer, and operator of shopping centers, announced today the pricing of 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, for gross proceeds of approximately $76.9 million
(before deducting offering expenses). 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 5, 2012, the last reported sale price of Equity One
common stock as reported on the New York Stock Exchange was $19.33 per share.
The offering is scheduled to close on or about March 9, 2012.
UBS Investment Bank is the sole underwriter of the offering and has offered the
shares at prevailing market prices or otherwise from time to time through the
New York Stock Exchange, in the over-the counter market, through negotiated
transactions or otherwise.
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 totalling 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: 07/03/2012 07:18:21 Produced by the JSE SENS Department.
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