Vukile Property Fund Limited (JSE:VKE) made a non-binding indicative proposal to acquire Capital & Regional Plc (LSE:CAL) from Growthpoint Properties Limited and other shareholders on April 19, 2024. The offer consideration will be possibly satisfied from a combination of cash and stock. Ben Stoop, Stuart Ord, and William Rance from Numis Securities Limited, Mark Young, Nick Harland and Jonathan Wilkes-Green of Stifel Nicolaus Europe Limited acted as financial advisors to Capital & Regional Plc. Stephen Little, Geoff Iles, Marcus Jackson, Anthony Knox, Gbolawoyi Ajayi of Merrill Lynch International acted as financial advisors to Vukile Property Fund Limited.

Vukile Property Fund Limited (JSE:VKE) cancelled the acquisition of Capital & Regional Plc (LSE:CAL) from Growthpoint Properties Limited and other shareholders on May 28, 2024. Vukile had engaged with Capital & Regional's largest shareholder, Growthpoint Properties Limited, to evaluate the potential terms and structure of a possible offer. However, Vukile has not been able to reach agreement with Growthpoint as to the terms and structure of any possible offer and therefore confirms that it does not intend to make an offer under Rule 2.7 of the Code.