Grant of Awards

RNS Number : 5225V

NewRiver Retail Limited

15 January 2013

 



NewRiver Retail Ltd

("NewRiver" or the "Company")

Grant of Awards

NewRiver Retail Limited (AIM and CISX: NRR), the UK REIT specialising in value-creating retail property investment and asset management, announces that on 14 January 2013 it granted awards, under the NRR Performance Share Plan 2009, giving rights to acquire shares for nil consideration over a total of 500,000 ordinary shares of no par value ("Ordinary Shares") in the Company to Directors as detailed below. The award, which is subject to certain performance conditions, follows voluntary consultation with the Company's main shareholders.

Award Holder	Number of Ordinary Shares under Award	Vesting Date
David Lockhart	116,500	14 January 2016
Allan Lockhart	116,500	14 January 2016
Mark Davies	91,000	14 January 2016
Nicholas Sewell	91,000	14 January 2016
Charles Miller	85,000	14 January 2016

-Ends-

For further information

NewRiver Retail Limited  David Lockhart, Chief Executive Mark Davies, Finance Director	Tel: [phone]
Pelham Bell Pottinger David Rydell/Guy Scarborough	Tel: [phone]
Cenkos Securities Ian Soanes/Max Hartley	Tel: [phone]
Investec Bank plc Garry Levin/David Anderson	Tel: [phone]

About NewRiver

NewRiver Retail Limited is a REIT status 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. With assets under management of £400 million comprising 23 UK wide shopping centres, 16 high street retail units and two supermarkets, the portfolio has 732 occupiers, a total of 2.8 million square feet, total annual footfall of over 65 million and an occupancy rate on its retail estate of 96%. 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.nrr.co.uk 

 

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