Q1 Dividend Payment Update

RNS Number : 9243E

NewRiver Retail Limited

21 July 2016

 

NewRiver Retail Limited

("NewRiver" or the "Company")

Q1 Dividend Payment Update

Further to the Final Results announcement released on 25 May 2016, the Company confirms that the first quarter dividend of 5.0 pence per share, in respect of the year ending 31 March 2017, will be paid as a Property Income Distribution (PID).

Due to the forthcoming move of the Group to the Main Market, the payment date for the quarterly dividend has been brought forward from that originally announced.

Accordingly, the first quarter dividend will be paid on 17 August 2016, to shareholders on the register at close of business on 22 July 2016. The ex-dividend date remains at 21 July 2016.

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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 / Eve Kirmatzis	Tel: [phone]
Liberum Richard Crawley / Jamie Richards	Tel: [phone]
Peel Hunt LLP Capel Irwin / Edward Fox	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. NewRiver Retail was named Property Company of the Year at the 2016 Property Week 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 £1.2 billion principally comprising 33 UK wide shopping centres, further nationwide retail assets and a portfolio of 356 pubs with retail and mixed-use extension opportunities. The portfolio totals over 8 million sq. ft. with almost 2,000 occupiers, an annual footfall of 150 million and a retail occupancy rate of 97 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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