Last checked at 9 Feb 2016 07:00
9 February 2016
The following amendment has been made to "Exercise of Warrants & Total Voting Rights" released on Monday 8 February 2016 at 10.00am under RNS No 37230:
"It is expected that Admission will occur at 8.00 on 11 February 2016."
All other details remain unchanged.
The full amended text is shown below.
NewRiver Retail Limited
("NewRiver" or the "Company")
Exercise of Warrants & Total Voting Rights
The Company has received a notice to exercise warrants over 78,112 ordinary shares of no par value ("Ordinary Shares") at an exercise price of 152 pence per Ordinary Share. Accordingly, the Company has applied to the London Stock Exchange for the 78,112 Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur at 8.00am on 11 February 2016. The Ordinary Shares will rank pari passu with the existing ordinary shares in the Company.
Following the exercise of the warrants, NewRiver's share capital will consist of 233,545,767 ordinary shares of no par value, of which 220,247 ordinary shares are held in treasury. The total number of voting rights in the share capital of the Company, excluding treasury shares, is therefore 233,325,520.
The above figure of 233,325,520 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 419,618 shares.
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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 / Hugh Preston |
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. At the close of 2014 NewRiver Retail was named Property Company of the Year - Retail & Leisure at the Estates Gazette 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 over £1 billion principally comprising 32 UK wide shopping centres, further nationwide retail assets and a portfolio of 359 pubs with retail and mixed-use extension opportunities. The portfolio has 1,765 occupiers, a total of over 7.0 million sq. ft., total annual footfall of over 126 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.