Grant of Options

RNS Number : 4156Y

NewRiver Retail Limited

02 September 2009

 



NewRiver Retail Limited (AIM: NRR) 

Grant of Options

NewRiver Retail Limited ('NewRiver Retail' or the 'Company'), the newly formed specialist commercial property investment and asset management company, today announces, in accordance with the AIM Rules for Companies, the following grants of options over ordinary shares in the capital of the Company ('Shares') were made on 1 September 2009 in accordance with the details of proposed grant of options to be made at Admission as set out on pages 77 to 79 of the Company's Admission Document:

Pursuant to the NewRiver Retail Limited Company Share Option Plan 2009:

Name	Number of Shares	Exercise Price	Vesting Date
David Lockhart	12,000	£2.50	1 September 2012
Allan Lockhart	12,000	£2.50	1 September 2012

Pursuant to the NewRiver Retail Limited Unapproved Share Option Plan 2009:

Name	Number of Shares	Exercise Price	Vesting Date
David Lockhart	0.668% of the issued equity share capital of the Company as at 1 March 2011*, less 12,000 Shares	£2.50	1 September 2012
David Lockhart	0.666% of the issued equity share capital of the Company as at 1 March 2011*	£2.50	1 September 2013
David Lockhart	0.666% of the issued equity share capital of the Company as at 1 March 2011*	£2.50	1 September 2014
Allan Lockhart	0.48% of the issued equity share capital of the Company as at 1 March 2011*, less 12,000 Shares	£2.50	1 September 2012
Allan Lockhart	0.48% of the issued equity share capital of the Company as at 1 March 2011*	£2.50	1 September 2013

Allan Lockhart

0.48% of the issued equity share capital of the Company as at 1 March 2011*

£2.50

1 September 2014

* Subject to a cap on such number of Shares based on an issued equity share capital of the Company of £125,000,000.

Pursuant to bespoke option agreements:

Name	Number of Shares	Exercise Price	Vesting Date
Paul Roy	0.4% of the issued equity share capital of the Company as at 1 September 2010* (subject to a minimum of 100,000 Shares)	£2.50	1 September 2010
Paul Roy	0.4% of the issued equity share capital of the Company as at 1 March 2011* (subject to a minimum of 100,000 Shares)	£2.50	1 September 2011

* Subject to a cap on such number of Shares based on an issued equity share capital of the Company of £125,000,000.

- ends -

For further information:

The Admission Document is available, free of charge, from the Company's website at www.newriverretail.com and from the Company's registered office.

NewRiver Retail                                               Tel: [phone]

Serena Tremlett

Bell Pottinger Corporate & Financial            Tel: [phone]

David Rydell 

Rosanne Perry

 

END

 

 

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