Dividend Declaration

RNS Number : 5015V

NewRiver REIT PLC

09 April 2019

 

NewRiver REIT plc

("NewRiver" or the "Company")

Dividend Declaration

NewRiver is pleased to announce that it has declared a fourth quarterly dividend of 5.4 pence per share in respect of the year ended 31 March 2019, which is a 3% increase on the fourth quarterly dividend from the prior year (5.25 pence).

This dividend will be paid as a Property Income Distribution (PID). The dividend payment date will be 24 May 2019 and the dividend will be paid to shareholders on the register at close of business on 23 April 2019. The ex-dividend date will be 18 April 2019.

Shareholders can receive additional new ordinary shares in the Company instead of their cash dividend, with no dealing charges or stamp duty incurred, under the Company's scrip dividend scheme. To receive the scrip dividend, shareholders need to make an election ahead of the dividend election date on 10 May 2019.   

Details of the price at which the new ordinary shares will be issued will be announced via RNS ahead of the dividend election date. Certificates in respect of the new ordinary shares will be despatched on the dividend payment date.

Scrip Dividend Scheme

At the Annual General Meeting held on 14 July 2017, shareholders approved the introduction of a scrip dividend scheme. Shareholders can receive additional shares in the Company instead of their cash dividend, with no dealing charges or stamp duty incurred.

To elect to receive additional new ordinary shares of 1 penny each in the capital of the Company instead of a cash dividend, shareholders need to log onto www.signalshares.com and follow the instructions. For certificated shareholders, the election will apply to all future relevant dividends unless cancelled. For shareholders who hold their shares in CREST, an election will be required for each relevant dividend.

Shareholders should read the scrip dividend scheme booklet, which contains the terms and conditions applicable to the scrip dividend scheme, before deciding to make an election. A copy of the scrip dividend scheme booklet can be found on the "Scrip Dividend Scheme" web page within the "Investor Centre" section of the Company's website www.nrr.co.uk. 

If shareholders have any questions, please call Link Asset Services on 0371 664 0321. Calls are charged at the standard geographic rate and will vary by provider. Calls outside the United Kingdom will be charged at the applicable international rate. The helpline is open between 9.00 am - 5.30 pm, Monday to Friday excluding public holidays in England and Wales.  Please note that Link Asset Services cannot provide any financial, legal or tax advice and calls may be recorded and monitored for security and training purposes.

Ends

For further information

NewRiver REIT plc  Mark Davies (Chief Financial Officer) Rob Marcus (Company Secretary)

[phone]

 

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