Director Dealing

RNS Number : 6254T

NewRiver Retail Limited

31 March 2016

 

31 March 2016

NewRiver Retail Limited

("NewRiver" or the "Group" or the "Company")

Director Dealing

NewRiver Retail Limited (AIM: NRR), the UK REIT specialising in value-creating retail property investment and active asset management, announces that it was notified on 30 March 2016 that David Lockhart, an executive director of the Company, on 30 March 2016 instructed his pension providers to transfer 255,000 ordinary shares in the Company ("Ordinary Shares") from his SIPPs to Mrs Antonia Lockhart, for nil consideration.

At the same time, David Lockhart also instructed one of his pension providers to transfer the remaining holding in that SIPP of 50,000 Ordinary Shares to his other SIPP account, for nil consideration.

Following these transfers of Ordinary Shares, David Lockhart's total beneficial holding in the Company is reduced to 1,485,000 Ordinary Shares.

-ends-

NewRiver Retail Limited David Lockhart, Chief Executive Mark Davies, Finance Director	Tel: [phone]
Bell Pottinger David Rydell / James Newman / David Bass	Tel: [phone]
Liberum Richard Crawley / Jamie Richards	Tel: [phone]
Peel Hunt LLP Capel Irwin	Tel: [phone]

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.

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 over £1 billion principally comprising 32 UK wide shopping centres, further nationwide retail assets and a portfolio of 359 pubs with retail and mixed-use extension opportunities. The portfolio has 1,765 occupiers, a total of over 7.0 million sq. ft., total annual footfall of over 126 million and a retail occupancy rate of 97 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.  

 

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