Exercise of Warrants

RNS Number : 0568N

NewRiver Retail Limited

03 September 2013

 



NewRiver Retail Limited

("NewRiver" or the "Company")

Exercise of Warrants

The Company has received notice to exercise warrants over 11,449 ordinary shares of no par value ("Ordinary Shares") from Nortrust Nominees Limited, at an exercise price of 187 pence per Ordinary Share. Accordingly, the Company has applied for the 11,449 Ordinary Shares to be admitted to the London Stock Exchange for trading on AIM and the Official List of the Channel Islands Stock Exchange, LBG ("Admission"). It is expected that Admission will occur at 8.00am on 6 September 2013 and the Ordinary Shares will rank pari passu with the existing ordinary shares in the Company.      

Following the exercise, there will be 66,723,884 ordinary shares of no par value in issue, excluding treasury shares. This number may be used by shareholders as the denominator for the calculation by which thy will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company.

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For further information:

www.nrr.co.uk

NewRiver Retail Limited David Lockhart, Chief Executive Mark Davies, Finance Director	Tel: [phone]
Pelham Bell Pottinger David Rydell/Guy Scarborough/Charlotte Offredi	Tel: [phone]
Cenkos Securities Max Hartley/Ian Soanes	Tel: [phone]
Liberum Capital Shane Le Prevost/Tim Graham	Tel: [phone]

About NewRiver

NewRiver Retail Limited is an AIM listed REIT. The Company is a specialist real estate investor and asset manager focusing solely on the UK retailing sector 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 fourth largest Shopping Centre owner by number with assets under management of £440 million comprising 24 UK wide shopping centres, 16 high street retail units and two supermarkets. The portfolio has in excess of 900 occupiers, a total of 3.8 million square feet, total annual footfall of over 95 million and an occupancy rate of 94 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 and Channel Islands Stock Exchange (CISX) in September of the same year. For more information on NewRiver, please visit www.nrr.co.uk

 

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