Director/PDMR Shareholding

RNS Number : 9443N

NewRiver Retail Limited

21 May 2015

 

NewRiver Retail Limited

("NewRiver" or the "Company")

Notification of a transaction by a director's connected person

Andrew Walker is a member of the board of directors of Forum European Realty Income III GP Limited, the general partner of Forum European Realty Income III L.P. ("the Fund") and a member of the investment committee for the Fund. Accordingly, Andrew Walker is deemed to be interested in shares held by the Fund.

The Company advises that:

On 20 May 2015, the Company was advised that the Fund has sold 500,000 shares in the Company at £3.15 per share and sold a further 450,000 shares in the Company at £3.18 per share. Both sales took place on 20 May 2015 via the London Stock Exchange.

Following the sale of these shares, the Fund holds 6,648,418 shares in the Company, which is 5.23% of the Company's total voting rights.  

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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	Tel: [phone]
Liberum Richard Crawley / Jamie Richards	Tel: [phone]
Peel Hunt LLP Capel Irwin / Alex Vaughan / Hugh Preston	Tel: [phone]

About NewRiver

NewRiver Retail Limited is an AIM listed REIT. The Company is a specialist real estate investor and asset manager focused solely on UK retail with a particular focus on food and value retailing. NewRiver Retail was named Property Company of the Year - Retail & Leisure at the Estates Gazette Awards at the close of 2014.

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 £848 million principally comprising 29 UK wide shopping centres, further nationwide retail assets and a portfolio of 202 public houses principally suitable for conversion to alternative uses. The portfolio has 1,377 occupiers, a total of over 5.5 million sq ft, total annual footfall of over 121 million and a retail occupancy rate of 96 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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