Less Ads, More Data, More Tools Register for FREE

Pin to quick picksNewRiver Regulatory News (NRR)

Share Price Information for NewRiver (NRR)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 72.40
Bid: 71.70
Ask: 72.40
Change: 1.00 (1.40%)
Spread: 0.70 (0.976%)
Open: 71.60
High: 72.40
Low: 71.20
Prev. Close: 71.40
NRR Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Grant of Awards

28 Sep 2015 15:50

RNS Number : 4429A
NewRiver Retail Limited
28 September 2015
 

 

NewRiver Retail Ltd

 

("NewRiver" or the "Company")

 

Grant of Awards

 

NewRiver Retail Limited (AIM: NRR), the UK REIT specialising in value-creating retail property investment, active asset management and development, announces that on 28 September 2015 it granted awards under the NewRiver Retail Limited Performance Share Plan 2009, giving rights to acquire shares for nil consideration over a total of 773,072 ordinary shares of no par value ("Ordinary Shares") in the Company to Directors as detailed below.

 

Award Holder

Number of Ordinary

Shares under Award

Vesting Dates

David Lockhart

117,578

117,577

50% on 28 September 2018

50% on 28 September 2019

Allan Lockhart

102,881

102,880

50% on 28 September 2018

50% on 28 September 2019

Mark Davies

88,183

88,183

50% on 28 September 2018

50% on 28 September 2019

Nicholas Sewell

77,895

77,895

50% on 28 September 2018

50% on 28 September 2019

 

The awards have been made over 200% of salary and are therefore subject to, and split between one-third each, the three enhanced performance conditions which are outlined below. The Company consulted with its largest shareholders in respect of these awards.

 

Total Shareholder Return ("TSR")

For shares allocated against the TSR performance, 25% vest if TSR is 9% on a compound annual basis with full vesting at 16% with straight-line vesting in between.

 

Adjusted EPRA Earnings Per Share ("EPS")

For shares allocated against the EPS performance, 25% vest if the compound annual percentage growth is 5% per annum with full vesting at 12% with straight-line vesting in between.

 

Net Asset Value plus Dividends ("NAV")

For shares allocated against the NAV performance, 25% vest if NAV increases by 9% on a compound annual percentage growth with full vesting at 16% with straight-line vesting in between.

 

 

Half of the award will be tested and be capable of vesting after three years and half will be tested and capable of vesting after four years.

 

 

 

-Ends-

 

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, 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 £1 billion million principally comprising 29 UK wide shopping centres, further nationwide retail assets and a portfolio of 360 public houses with retail extension opportunities. The portfolio has 1,440 occupiers, a total of over 6.0 million sq. ft., total annual footfall of over 126 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

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
RDSLLFSSADITFIE
Date   Source Headline
26th Jul 201911:02 amRNSResult of AGM
25th Jul 20197:00 amRNSNewRiver REIT plc Q1 Company Update
24th Jul 20193:01 pmRNSScrip dividend announcement
22nd Jul 20193:07 pmRNSDirector/PDMR Shareholding
11th Jul 20194:37 pmRNSHolding(s) in Company
11th Jul 20191:48 pmRNSHolding(s) in Company
4th Jul 20192:19 pmRNSDirector appointment
4th Jul 201911:31 amRNSAppointment of Auditor
3rd Jul 20195:07 pmRNSHolding(s) in Company
28th Jun 20193:27 pmRNSHolding(s) in Company
28th Jun 201910:39 amRNSDirector/PDMR Shareholding
28th Jun 20197:00 amRNSTotal Voting Rights
27th Jun 201912:42 pmRNSScrip dividend reference price
25th Jun 201912:17 pmRNSHolding(s) in Company
25th Jun 20199:31 amRNSAnnual Report and notice of AGM
21st Jun 20193:49 pmRNSHolding(s) in Company
21st Jun 20197:28 amRNSCompletion of a new JV with BRAVO and acquisition
19th Jun 20193:58 pmRNSHolding(s) in Company
17th Jun 201910:40 amRNSDirector/PDMR Shareholding
14th Jun 201912:00 pmRNSStatement regarding Arcadia Group
13th Jun 201912:14 pmRNSHolding(s) in Company
7th Jun 20194:56 pmRNSHolding(s) in Company
7th Jun 20193:36 pmRNSHolding(s) in Company
6th Jun 20193:45 pmRNSHolding(s) in Company
5th Jun 201910:41 amRNSDirector/PDMR Shareholding
4th Jun 20194:09 pmRNSHolding(s) in Company
4th Jun 20197:00 amRNSDisposal of a foodstore for £17.9 million
3rd Jun 20193:25 pmRNSHolding(s) in Company
31st May 20199:02 amRNSTotal Voting Rights
30th May 20193:54 pmRNSTR-1: Notification of major holdings
29th May 201910:29 amRNSDividend Declaration
24th May 20194:20 pmRNSHolding(s) in Company
24th May 201910:26 amRNSHolding(s) in Company
23rd May 20197:02 amRNSJoint Venture and Acquisition
23rd May 20197:00 amRNSNewRiver REIT plc Full Year Results
21st May 20197:00 amRNSScrip dividend share allotment
30th Apr 20197:00 amRNSScrip dividend reference price
12th Apr 20199:00 amRNSNotice of Full Year Results
9th Apr 20197:00 amRNSDividend Declaration
3rd Apr 20194:31 pmRNSHolding(s) in Company
3rd Apr 20194:30 pmRNSHolding(s) in Company
28th Mar 20193:39 pmRNSHolding(s) in Company
28th Mar 20199:37 amRNSBlock listing six monthly return
1st Mar 20197:00 amRNSTotal Voting Rights
13th Feb 20192:17 pmRNSHolding(s) in Company
6th Feb 20197:00 amRNSAppointment of Non-Executive Director
4th Feb 201912:46 pmRNSScrip dividend share allotment
18th Jan 20193:07 pmRNSHolding(s) in Company
17th Jan 20197:00 amRNSNewRiver REIT plc Q3 Company Update
7th Jan 201911:35 amRNSScrip dividend

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.