Intu Properties plc announces that the Board has appointed two new non-executive Directors, Rakhi Parekh and John Strachan.
South African investors have the opportunity to subscribe for up to half GBP300m that is raised through a share placement by UK-shopping centre group Intu Properties.
CEO David Fischel said yesterday the outstanding approvals in respect of the listing status in SA of both Capital Shopping Centres and Capital & Counties had been received and were satisfactory.
The group has reported adjusted earnings per share of 11.6 pence for the six months ended June 2009 from 13.9 pence a year ago.
The slowdown in the property market, especially in the UK, saw the executive directors of Liberty International declining salary increases and bonuses for last year.
Liberty International posted 20.1 pence in adjusted earnings per share for the nine months ended September.
A UK market has put pressure on Liberty International, with the property group reporting no growth in its dividends for six months to June.

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