Grant of Awards

RNS Number : 1340L

NewRiver Retail Limited

01 July 2014

 



NewRiver Retail Ltd

("NewRiver" or the "Company")

Grant of Awards

NewRiver Retail Limited (AIM: NRR), the UK REIT specialising in value-creating retail property investment and active asset management, announces that on 1 July 2014 it granted awards, under the NRR Performance Share Plan 2009. The awards give rights to certain Directors to acquire shares for nil consideration over a total of 431,000 ordinary shares of no par value in the Company ("Ordinary Shares") as detailed below. The awards are subject to performance conditions and were based on a share price of 305 pence per share.  

Award Holder	Number of Ordinary Shares under Award	Vesting Date
David Lockhart	131,000	1 July 2017
Allan Lockhart	115,000	1 July 2017
Mark Davies	98,000	1 July 2017
Nicholas Sewell	87,000	1 July 2017

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For further information:

NewRiver Retail Limited David Lockhart, Chief Executive Mark Davies, Finance Director	Tel: [phone]
Bell Pottinger David Rydell/Guy Scarborough	Tel: [phone]
Liberum Tim Graham/Simon Atkinson/Jamie Richards	Tel: [phone]

About NewRiver

NewRiver Retail Limited is an AIM listed REIT. The Company is a specialist real estate investor and asset manager focusing solely on UK retail 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. NewRiver Retail is the UK's third largest shopping centre owner/manager by number with assets under management of approximately £600 million comprising 24 UK wide shopping centres, 18 high street assets, one supermarket and a portfolio of 202 public houses principally suitable for conversion to alternative uses. The portfolio has in excess of 1,115 tenancies, a total of 4.6 million sq ft, total annual footfall of over 100 million and a retail occupancy rate of 95 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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