Last checked at 21 May 2015 13:20
NewRiver Retail Limited
("NewRiver" or the "Company")
Notification of a transaction by a director's connected person
Andrew Walker is a member of the board of directors of Forum European Realty Income III GP Limited, the general partner of Forum European Realty Income III L.P. ("the Fund") and a member of the investment committee for the Fund. Accordingly, Andrew Walker is deemed to be interested in shares held by the Fund.
The Company advises that:
On 20 May 2015, the Company was advised that the Fund has sold 500,000 shares in the Company at £3.15 per share and sold a further 450,000 shares in the Company at £3.18 per share. Both sales took place on 20 May 2015 via the London Stock Exchange.
Following the sale of these shares, the Fund holds 6,648,418 shares in the Company, which is 5.23% of the Company's total voting rights.
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NewRiver Retail Limited David Lockhart, Chief Executive Mark Davies, Finance Director | Tel: 020 3328 5800 |
Bell Pottinger David Rydell / James Newman / David Bass | Tel: 020 3772 2500 |
Liberum Richard Crawley / Jamie Richards | Tel: 020 3100 2000 |
Peel Hunt LLP Capel Irwin / Alex Vaughan / Hugh Preston | Tel: 020 7418 8900 |
About NewRiver
NewRiver Retail Limited is an AIM listed REIT. The Company is a specialist real estate investor and asset manager focused solely on UK retail with a particular focus on food and value retailing. NewRiver Retail was named Property Company of the Year - Retail & Leisure at the Estates Gazette Awards at the close of 2014.
The management team, with over 100 years combined experience in the UK commercial property market, actively engages with retailers, stakeholders and consumers. NewRiver Retail is one of the UK's largest shopping centre owner/managers with assets under management of £848 million principally comprising 29 UK wide shopping centres, further nationwide retail assets and a portfolio of 202 public houses principally suitable for conversion to alternative uses. The portfolio has 1,377 occupiers, a total of over 5.5 million sq ft, total annual footfall of over 121 million and a retail occupancy rate of 96 per cent.
The Company's activities include active and entrepreneurial asset management and risk-controlled development, utilising both its own balance sheet and co-investment joint venture structures.
Founded in 2009, NewRiver has become the UK's leading retail-focused property investment business. The Company's shares were admitted to London's AIM in September of the same year. For more information on NewRiver, please visit www.nrr.co.uk .