Last checked at 29 Jul 2016 10:07
29 July 2016
NewRiver Retail Limited ("NewRiver" or the "Company")
Exercise of Warrants, Exercise of LTIPs & Total Voting Rights
The Company has received a notice to exercise warrants over 367 ordinary shares of no par value ("Ordinary Shares") at an exercise price of 148 pence per Ordinary Share. Accordingly, the Company has applied to the London Stock Exchange for the 367 Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur at 8.00am on 3 August 2016. The Ordinary Shares will rank pari passu with the existing ordinary shares in the Company.
The Company has also, as a result of long-term incentive plan option exercises, transferred 76,944 ordinary shares for nil consideration from the Company's Employee Benefit Trust to the employees concerned (none of whom are PDMRs).
Following the exercise of the warrants, and the transfer of shares out of the Employee Benefit Trust, NewRiver's share capital will consist of 238,551,261 ordinary shares of no par value, of which 5,075,111 ordinary shares are held in treasury. The total number of voting rights in the share capital of the Company, excluding treasury shares, is therefore 233,476,150.
The above figure of 233,476,150 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
Following the exercise, the total warrants outstanding currently have rights to subscribe for 414,124 shares.
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NewRiver Retail Limited David Lockhart, Chief Executive Mark Davies, Finance Director
| Tel: 020 3328 5800 |
Bell Pottinger David Rydell / David Bass / James Newman / Eve Kirmatzis | Tel: 020 3772 2500 |
Liberum Richard Crawley / Jamie Richards |
Tel: 020 3100 2000 |
Peel Hunt LLP Capel Irwin / Edward Fox |
Tel: 020 7418 8900 |
About NewRiver
NewRiver Retail Limited is an AIM listed REIT. The Company is a specialist real estate investor, asset manager and developer focused solely on the UK retail sector. NewRiver Retail was named Property Company of the Year at the 2016 Property Week Awards.
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 £1.2 billion principally comprising 33 UK wide shopping centres, further nationwide retail assets and a portfolio of 356 pubs with retail and mixed-use extension opportunities. The portfolio totals over 8 million sq. ft. with almost 2,000 occupiers, an annual footfall of 150 million and a retail occupancy rate of 97 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