Posting of Admission Document

RNS Number : 0173K

NewRiver Retail Limited

08 July 2011

 



Not for distribution, directly or indirectly, in whole or in part in or into the United States, Canada, Australia, Japan, the Republic of Ireland or South Africa or to US persons

NewRiver Retail Limited

("NewRiver" or the "Company")

Posting of Admission Document

and

Restoration of Trading in Shares

Further to the announcement made by the Board of NewRiver (AIM and CISX: NRR) on 27 June 2011, the Board is pleased to announce that the Company has published and posted an admission document containing details of the proposed placing to raise approximately £40 million (net of expenses), the conditional acquisition of a portfolio of four freehold shopping centre assets for approximately £68 million, and a notice convening an extraordinary general meeting.

The Placing and re-admission are conditional on, inter alia, NewRiver's shareholders approving the resolutions to be proposed at the EGM.

The Admission Document and the notice of EGM can also be found on the Company's website: www.nrr.co.uk.

Timetable
	2011
Publication of the Admission Document	7 July
Latest time and date for receipt of Forms of Proxy and receipt of electronic proxy appointments by Shareholders for the Extraordinary General Meeting	11.00 a.m. on 31 July
Time and date of Extraordinary General Meeting	11.00 a.m. on 2 August
Expected date of Admission of the Enlarged Share Capital	3 August
Admission effective and dealings recommence in the Ordinary Shares on AIM and listing on CISX	8.00 a.m. on 3 August
Delivery into CREST of the Placing Shares to be held in uncertificated form	3 August
Completion of the Acquisition	8 August
Despatch of definitive share certificates (where applicable) in respect of the Placing Shares to be held in certificated form by	17 August

Following publication of the Admission Document, trading of NewRiver's ordinary shares on AIM and the Channel Islands Stock Exchange has been restored with immediate effect.

Unless otherwise specified, all defined terms in this announcement shall have the same meaning as in the announcement made on 27 June 2011.

For further information, please contact:

NewRiver Retail Limited David Lockhart/ Mark Davies	Tel: [phone]
Pelham Bell Pottinger David Rydell/ Rosanne Perry	Tel: [phone]
Cenkos Securities Ian Soanes/ Max Hartley	Tel: [phone]
Kinmont John O'Malley/ Mat Thackery	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, led by David Lockhart, have more than 75 years' combined experience in UK commercial property markets. With more than £165 million of assets under management 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.

Kinmont Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for NewRiver and for no-one else in connection with the matters contained in this announcement and will not be responsible to any person other than NewRiver for providing the protections afforded to clients of Kinmont, nor for providing advice in relation to the matters contained in this announcement.

Cenkos Securities plc, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for NewRiver as Nominated Adviser and Broker and for no-one else in connection with the matters contained in this announcement and will not be responsible to any person other than NewRiver for providing the protections afforded to clients of Cenkos Securities, nor for providing advice in relation to the matters contained in this announcement.

- Ends -

 

END

 

 

MSCUGUGPMUPGGMM