NewRiver Retail Limited
("NewRiver" or the "Company")
Exercise of Warrants
The Company has received notice to exercise warrants over 25,455 ordinary shares of no par value ("Ordinary Shares") from Pershing Nominees Limited, at an exercise price of 172 pence per Ordinary Share. Accordingly, the Company has applied to the London Stock Exchange for the 25,455 Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur at 8.00am on 6 May 2014. The Ordinary Shares will rank pari passu with the existing ordinary shares in the Company.
Following the exercise, NewRiver's share capital will consist of 100,054,447 ordinary shares of no par value, of which 624,000 ordinary shares are held in treasury. The total number of voting rights in the share capital of the Company, excluding treasury shares, is therefore 99,430,447.
The above figure (99,430,477) 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 813,239 shares.
- Ends -
For further information:
NewRiver Retail Limited David Lockhart, Chief Executive Mark Davies, Finance Director |
Tel: 020 3328 5800 |
Pelham Bell David Rydell/Guy Scarborough/Charlotte Offredi |
Tel: 020 7861 3232 |
Liberum Capital Tim Graham/Simon Atkinson/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 the UK retailing sector 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 £600 million principally comprising 25 UK wide shopping centres, two supermarkets and a portfolio of 202 public houses mainly suitable for conversion to alternative uses. The portfolio has in excess of 1155 occupiers, a total of 4.6 million sq ft, total annual footfall of over 112 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
