Last checked at 8 Jan 2015 16:32
NewRiver Retail Limited
("NewRiver" or the "Company")
Result of Extraordinary General Meeting ("EGM") and Total Voting Rights
The Directors of NewRiver Retail Limited are pleased to announce that at its EGM held on Thursday 8 January 2015 all the proposed resolutions, as set out in the EGM notice despatched to shareholders on 8 December 2014, were passed . Full details of the voting results are available on the Company's website at www.nrr.co.uk.
Accordingly, the Company has applied to the London Stock Exchange for 27,272,727 new ordinary shares of no par value each (the "New Ordinary Shares") to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur at 8.00am on 12 January 2015. The New Ordinary Shares will rank pari passu with the existing ordinary shares in the Company. The New Ordinary Shares will not be eligible for the second and third interim dividends, each of 4.25 pence per ordinary share, which are payable on 30 January 2015 to shareholders on the Company's register of members at the close of business on 30 December 2014 and 5 January 2015 respectively.
Following Admission, NewRiver's share capital will consist of 127,574,395 ordinary shares of no par value each, of which 496,500 are held in treasury. The total number of voting rights in the Company, excluding treasury shares, is therefore 127,077,895.
The above figure (127,077,895) 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 to their interest in, NewRiver under the FCA's Disclosure and Transparency Rules.
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For further information:
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 Chris Bowman/Jamie Richards | Tel: 020 3100 2000 |
About NewRiver
NewRiver Retail Limited is an AIM listed REIT. The Company is a specialist real estate investor and asset manager focusing solely on UK retail with a particular focus on food and value retailing.
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 the UK's third largest shopping centre owner by number with assets under management of approximately £740 million principally comprising 27 UK wide shopping centres, 17 high street assets, one supermarket, five retail warehouses and a portfolio of 202 public houses principally suitable for conversion to alternative uses. The portfolio has 1,302 occupiers, a total of over 5 million sq ft, total annual footfall of over 110 million and a retail occupancy rate of 95 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