Deferred Bonus Share Awards

RNS Number : 2922B

NewRiver Retail Limited

15 June 2016

 

15 June 2016

NewRiver Retail Ltd

("NewRiver" or the "Company")

Deferred Bonus Share Awards

NewRiver Retail Limited (AIM: NRR), the UK REIT specialising in value-creating retail property investment and active asset management, announces that on 14 June 2016 it granted share awards, under the Company's Deferred Bonus Plan.

This award relates to the bonus paid to executive directors in May 2016, in respect of the year ended 31 March 2016, of which 30% was deferred into shares vesting in two years' time.

Accordingly, the following deferred bonus share awards, structured as nil-cost options and granted at a price of £3.158 per share, have been made to executive directors of the Company.  

Award Holder	Number of Ordinary Shares under Deferred Bonus Award	Vesting Date
David Lockhart	56,998	14 June 2018
Allan Lockhart	49,873	14 June 2018
Mark Davies	42,748	14 June 2018

The Awards will be subject to clawback and malus provisions.

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NewRiver Retail Limited  David Lockhart, Chief Executive Mark Davies, Finance Director	Tel: [phone]
Bell Pottinger David Rydell / David Bass / James Newman / Eve Kirmatzis	Tel: [phone]
Liberum Richard Crawley / Jamie Richards	Tel: [phone]
Peel Hunt LLP Capel Irwin	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 358 pubs with retail and mixed-use extension opportunities. The portfolio totals over 7 million sq. ft. with over 1,840 occupiers, an annual footfall of 150 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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