Exercise of Warrants & Total Voting Rights

RNS Number : 4407Y

NewRiver Retail Limited

08 September 2015

 

NewRiver Retail Limited

("NewRiver" or the "Company")

Exercise of Warrants & Total Voting Rights

The Company has received a notice to exercise warrants over 90,469 ordinary shares of no par value ("Ordinary Shares") at an exercise price of 156 pence per Ordinary Share. Accordingly, the Company has applied to the London Stock Exchange for the 90,469 Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur at 8.00am on 11 September 2015. The Ordinary Shares will rank pari passu with the existing ordinary shares in the Company.

Following the exercise of the warrants, NewRiver's share capital will consist of 180,317,925 ordinary shares of no par value, of which 479,345 ordinary shares are held in treasury. The total number of voting rights in the share capital of the Company, excluding treasury shares, is therefore 179,838,580

The above figure (179,838,580) 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 573,900 shares.

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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 / Alex Vaughan / Hugh Preston	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. 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 £918 million principally comprising 29 UK wide shopping centres, further nationwide retail assets and a portfolio of 202 public houses principally suitable for conversion to alternative uses. The portfolio has 1,440 occupiers, a total of over 6.0 million sq. ft., total annual footfall of over 121 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  

 

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