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Conversion to a UK Real Estate Investment Trust

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RNS Number : 2313W
Capital & Counties Properties Plc
09 December 2019
 

9 December 2019

 

CAPITAL & COUNTIES PROPERTIES PLC ("Capco" or the "Company")

 

CONVERSION TO A UK REAL ESTATE INVESTMENT TRUST ("REIT")

Following the announcement on 2 December 2019, Capco confirms that it has elected to join the UK REIT regime with effect from 9 December 2019.  The Capco group will therefore no longer pay UK direct tax on profits and gains from qualifying rental business provided that certain conditions are met.

 

Information on the UK REIT regime can be found on the Company's website at the link below and a hard copy of the information is available from the Company on request.  Further information will be provided to shareholders with the Company's Annual Report for the year ending 31 December 2019.

 

https://www.capitalandcounties.com/uk-real-estate-investment-trust-reit

 

Shareholders should seek independent tax advice if they are in any doubt of the implications of the REIT conversion on their tax position.

 

 

Enquiries:

 

Ruth Pavey

Company Secretary

Capital & Counties Properties PLC    

 

Tel: + 44 (0) 20 3214 9170

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: Capital & Counties

Price: 251.4

Market: LSE
Market Cap: £2.15 billion
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