Last checked at 8 Jan 2016 10:59
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 Friday 8 January 2016, all of the proposed resolutions, as set out in the EGM notice despatched to shareholders on 15 December 2015, 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 46,153,846 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 11 January 2016. 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 third quarterly dividend of 4.75 pence per ordinary share, which is payable on 10 February 2016 to shareholders who were on the Company's register of members at the close of business on 29 December 2015.
Following Admission, NewRiver's share capital will consist of 233,467,655 ordinary shares of no par value each, of which 220,247 are held in treasury. The total number of voting rights in the Company, excluding treasury shares, is therefore 233,247,408.
The above figure of 233,247,408 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/David Bass/James Newman
| Tel: 020 3772 2500 |
Liberum (Nomad and Joint Bookrunner) Richard Crawley /Jamie Richards
Peel Hunt (Joint Bookrunner) Capel Irwin/Hugh Preston/Jock Maxwell Macdonald
| Tel: 020 3100 2000
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. 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 principally comprising 29 UK wide shopping centres, further nationwide retail assets and a portfolio of 359 pubs with retail and mixed-use extension opportunities. The portfolio has 1,440 occupiers, a total of 6.4 million sq ft,,total annual footfall of 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.