Conversion of Warrants

RNS Number : 6385S

NewRiver Retail Limited

14 September 2010

 



14 September 2010

NewRiver Retail Limited ("NewRiver" or "the Company")

Conversion of Warrants

NewRiver Retail Limited, the specialist value-creating retail property investment and asset management company, announces that Cheviot Capital Nominees Limited have converted 2,308 warrants into ordinary shares of no par value ("Ordinary Shares") at a subscription price of £2.44.

Application has been made to the London Stock Exchange and to the Daily Official List of the Channel Islands Stock Exchange, LBG ("CISX") for the 2,308 Ordinary Shares to be admitted to trading on AIM and the Official List of the CISX. It is expected that Admission will become effective and that dealings in the Ordinary Shares will commence on the CISX and AIM at 8.00 a.m. on 16 September 2010.

Following the issue of the Ordinary Shares, the Company's issued share capital will consist of 14,838,508 Ordinary Shares with voting rights.

-ends-

For further details contact:

NewRiver Retail Limited

Serena Tremlett                                                                                  Tel: [phone]

NewRiver Capital Limited                                                  

David Lockhart                                                                                    Tel: [phone]

Cenkos Securities                                                                           

Ian Soanes

Max Hartley                                                                                         Tel: [phone]

Pelham Bell Pottinger                                                                      Tel: [phone]

David Rydell

Rosanne Perry

About NewRiver

NewRiver Retail Limited is a specialist real estate investor and asset manager with a particular focus on the UK retail sector. NewRiver Retail is advised on property matters by its wholly-owned subsidiary, NewRiver Capital Limited, whose management team, led by David Lockhart, have more than 50 years' combined experience in UK commercial property markets. 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. It is NewRiver's intention to become one of the leading sector-focused value-creating property investment businesses operating in the UK retail sector. The Company was founded in 2009 and its shares were admitted to London's AIM and Channel Islands Stock Exchange (CISX) in September of the same year.

For more information on NewRiver, please visit www.newriverretail.com and

www.newrivercapital.co.uk 

 

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