Intu Properties, which was spun out of Donald Gordon’s Liberty International 10 years ago, wants to increase its long-term share awards to executives in spite of the company trying to raise capital to stay afloat.

The struggling real estate investment trust, which owns 17 malls in the UK and one in Spain, had originally cut share-based rewards for its CEO and CFO for 2019 to take account of the collapse in its share price, which fell 68% from R19.82 to R6.26 in 2019. Since the beginning of the year, it is down 64% to R2.25. ..

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now