Exercise of Warrants & Total Voting Rights

RNS Number : 1296T
NewRiver Retail Limited
01 October 2014
 



 

 

 

NewRiver Retail Limited

 

 ("NewRiver" or the "Company")

 

Exercise of Warrants & Total Voting Rights

 

The Company has received a notice to exercise warrants over 2,207 ordinary shares of no par value ("Ordinary Shares") at an exercise price of 172 pence per Ordinary Share. Accordingly, the Company has applied to the London Stock Exchange for the 2,207 Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur at 8.00am on 3 October 2014. The Ordinary Shares will rank pari passu with the existing ordinary shares in the Company.

 

The Company has also received notices from employees exercising options, resulting in the transfer on 1 October 2014 of 89,205 shares from the Company's EBT. Following the exercise of the warrants and options, NewRiver's share capital will consist of 100,295,429 ordinary shares of no par value, of which 534,795 ordinary shares are held in treasury. The total number of voting rights in the share capital of the Company, excluding treasury shares, is therefore 99,760,634.

 

The above figure (99,760,634) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

 

Following the exercise, the total warrants outstanding currently have rights to subscribe for 572,247 shares.

 

- Ends -

For further information:

 

NewRiver Retail Limited 

David Lockhart, Chief Executive

Mark Davies, Finance Director

 

Tel: 020 3328 5800

Bell Pottinger

David Rydell/James Newman/David Bass

 

Tel: 0203 772 2500

Liberum

Tim Graham/Simon Atkinson/Jamie Richards

 

Tel: 020 3100 2000

                                                 

About NewRiver

 

NewRiver Retail Limited is an AIM listed REIT. The Company is a specialist real estate investor and asset manager focusing solely on UK retail with a particular focus on food and value retailing.

 

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 the UK's third largest shopping centre owner by number with assets under management of approximately £740 million principally comprising 27 UK wide shopping centres, 17 high street assets, 1 supermarket, five retail warehouses and a portfolio of 202 public houses principally suitable for conversion to alternative uses. The portfolio has 1,302 occupiers, a total of over 5 million sq ft, total annual footfall of over 110 million and a retail occupancy rate of 95 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 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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