Statement regarding Chief Executive

RNS Number : 2205N

NewRiver REIT PLC

07 August 2017

 

NewRiver REIT plc

("NewRiver" or the "Company")

Statement regarding Chief Executive, David Lockhart

The Board of NewRiver announces that its Chief Executive, David Lockhart, will shortly undergo an elective procedure that will require him taking a leave of absence.

During this time, the day to day executive responsibilities of the Company will be shared between Allan Lockhart, Property Director, and Mark Davies, Chief Financial Officer.

Paul Roy, Non-Executive Chairman commented: "David has taken the decision to undergo an elective procedure in order to remedy an ongoing medical issue. In David's absence, Allan and Mark will be responsible for the day to day running of the Company, supported by NewRiver's high quality and experienced management team. The Board and everyone at NewRiver wishes David a speedy recovery and look forward to seeing him back in the office as soon as possible."

For further information

NewRiver REIT plc                                                                                                                                [phone]

Paul Roy (Non-Executive Chairman)

Allan Lockhart (Property Director)

Mark Davies (Chief Financial Officer)                                                                                            [phone]

Will Hobman (Head of Investor Relations)

Bell Pottinger                                                                                                                                       [phone]

David Rydell

Eve Kirmatzis

This announcement contains inside information as defined in Article 7 of the EU Market Abuse Regulation No 596/2014 and has been announced in accordance with the Company's obligations under Article 17 of that Regulation.

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 8 million sq. ft. with over 2,000 occupiers, an annual footfall of 150 million and a retail occupancy rate of 97 per cent. Visit www.nrr.co.uk for further information.

LEI number: 2138004GX1VAUMH66L31

 

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