Directorate Change

RNS Number : 7291T

NewRiver REIT PLC

10 January 2017

 

10 January 2017

NewRiver REIT plc

("the Company")

DIRECTORATE CHANGE

In accordance with Listing Rule 9.6.11, NewRiver announces that Chris Taylor has notified his intention to step down as a Non-Executive Director, effective from 9 April 2017.

Chris, who joined the Board in March 2012 and has played a key role in the growth of NewRiver during that period, is to focus on his increasing responsibilities at Hermes Investment Management, where he is the Head of Private Markets. A search for a replacement is to be commenced immediately.

Paul Roy, Non-Executive Chairman of NewRiver, said: "On behalf of the Board I would like to thank Chris for his major contribution to NewRiver. Chris has been a very strong advocate of the NewRiver business model and has brought considerable experience and insight to the Board. Chris played a key role in supporting the Board and management during many asset acquisitions and capital raisings which has helped propel the Company into the FTSE 250."

Chris Taylor said: "It has been a great privilege to act as the Senior Independent Non-Executive Director for NewRiver during a five year period of impressive growth. The Company has successfully established itself as a leading REIT within the retail sector, delivering exceptional returns to its investors who have been attracted by the Company's clear investment strategy and ability to generate attractive dividend returns."

ends

About NewRiver

NewRiver REIT plc (ticker: NRR) is a premium listed REIT on the London Stock Exchange and a constituent of the FTSE 250 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 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 over 8 million sq. ft. with over 2,000 occupiers, an annual footfall of 150 million and a retail occupancy rate of 96 per cent. Visit nrr.co.uk for further information.

For further information

NewRiver REIT plc	[phone]
David Lockhart (Chief Executive)
Mark Davies (Chief Financial Officer)
Will Hobman (Head of Investor Relations)
Bell Pottinger	[phone]
David Rydell
David Bass
James Newman
Eve Kirmatzis

 

END

 

 

BOAVKLFBDFFFBBF