Scrip dividend reference price

RNS Number : 2046F

NewRiver REIT PLC

25 October 2018

 

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 2019 is 260.5 pence per ordinary share of one penny each. The second quarterly dividend scrip alternative will be treated as a PID.

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 18 October 2018.

To receive the dividend scrip alternative, shareholders need to make the election ahead of the dividend election date (the "Election Date") on 2 November 2018. Certificates in respect of the new ordinary shares will be despatched on the dividend payment date (16 November 2018).

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 receive additional shares in the Company instead of their cash dividend, with no dealing charges or stamp duty incurred.

To elect to receive additional new ordinary shares of one penny each in the capital of the Company  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.

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. 

If shareholders have any questions, please call Link Market 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 Link Market Services cannot provide any financial, legal or tax advice and calls may be recorded and monitored for security and training purposes.

Ends

For further information

NewRiver REIT plc			[phone]
Allan Lockhart (Chief Executive)
Mark Davies (Chief Financial Officer)
Will Hobman (Head of Investor Relations)

Finsbury			[phone]
Gordon Simpson James Thompson

About NewRiver

NewRiver REIT plc ('NewRiver') is a leading Real Estate Investment Trust specialising in buying, managing, developing and recycling convenience-led, community-focused retail and leisure assets throughout the UK.

Our £1.4 billion portfolio covers over 8 million sq ft and comprises 34 community shopping centres, 20 conveniently located retail parks and over 600 community pubs. Having hand-picked our assets since NewRiver was founded in 2009, we have deliberately focused on the fastest growing and most sustainable sub-sectors of the UK retail market, with grocery, convenience stores, value clothing, health & beauty and discounters forming the core of our retail portfolio. This focus, combined with our affordable rents and desirable locations, delivers sustainable and growing returns for our shareholders, while our active approach to asset management and in-built 1.9 million sq ft development pipeline provide further opportunities to extract value from our portfolio.

NewRiver has a Premium Listing on the Main Market of the London Stock Exchange (ticker: NRR) and is a constituent of the FTSE 250 and EPRA indices. Visit www.nrr.co.uk for further information.

LEI Number: 2138004GX1VAUMH66L31

 

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