Scrip dividend reference price

RNS Number : 7559U

NewRiver REIT PLC

26 October 2017

 

NewRiver REIT plc

("NewRiver" or the "Company")

Scrip dividend reference price

The Company announces that the scrip dividend reference price for the fully paid shares in the Company to be issued to shareholders who elect to receive the scrip dividend alternative for the second quarterly dividend for the year ending 31 March 2018 is 341.08 pence per ordinary share of 1 pence each.

The scrip dividend reference price is calculated from the average of the closing middle market quotations for the Company's ordinary shares as taken from the London Stock Exchange Daily Official List for the five consecutive business days commencing on the ex-dividend date. The ex-dividend date was 19 October 2017.

Scrip dividend

At the Annual General Meeting held on 14 July 2017, shareholders approved the introduction of a scrip dividend scheme (the "Scrip Dividend Scheme"). Shareholders can now receive additional shares in the Company instead of their cash dividend, with no dealing charges or stamp duty incurred. The second quarterly dividend scrip alternative will be treated as a PID.

To elect to receive additional new ordinary shares of 1 pence each in the capital of the Company (the "New Ordinary Shares") instead of a cash dividend, shareholders need to log onto www.signalshares.com and follow the instructions.

For certificated shareholders, the election will apply to all future relevant dividends unless cancelled.

For shareholders who hold their shares in CREST, an election will be required for each relevant dividend.

To receive the second quarterly dividend scrip alternative, shareholders need to make the election ahead of the dividend election date (the "Election Date") on 3 November 2017.  

Shareholders should read the Scrip Dividend Scheme booklet (the "Scheme Booklet"), which contains the terms and conditions applicable to the Scrip Dividend Scheme, before deciding to make an election. A copy of the Scheme Booklet can be found on the "Scrip Dividend Scheme" web page within the "Investor Centre" section of the Company's website www.nrr.co.uk. 

Certificates in respect of the New Ordinary Shares will be despatched on the dividend payment date (17 November 2017).

If shareholders have any questions, please call Capita Asset Services on 0371 664 0321. Calls are charged at the standard geographic rate and will vary by provider. Calls outside the United Kingdom will be charged at the applicable international rate. The helpline is open between 9.00 am - 5.30 pm, Monday to Friday excluding public holidays in England and Wales.  Please note that Capita Asset Services cannot provide any financial, legal or tax advice and calls may be recorded and monitored for security and training purposes.

Ends

About NewRiver

NewRiver REIT plc (ticker: NRR) is a premium listed REIT on the London Stock Exchange and a constituent of the FTSE250 and EPRA Indices. The Company is a specialist real estate investor, asset manager and developer focused solely on the UK retail and leisure sector.

Founded in 2009, NewRiver is one of the UK's largest owner/managers of convenience-led community shopping centres with assets under management of £1.3 billion principally comprising 33 UK wide shopping centres, together with further nationwide retail and leisure assets. The portfolio totals 8 million sq. ft. with over 2,000 occupiers, an annual footfall of 150 million and a retail occupancy rate of 97 per cent.

Visit nrr.co.uk for further information.

LEI number: 2138004GX1VAUMH66L31

For further information

NewRiver REIT plc  Mark Davies (Chief Financial Officer) Allan Lockhart (Property Director) Will Hobman (Head of Investor Relations)

[phone]

 

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