NewRiver Retail Limited Exercise of Warrants & Total Voting Rights (4407Y)
08 September 2015 - 11:35PM
UK Regulatory
TIDMNRR
RNS Number : 4407Y
NewRiver Retail Limited
08 September 2015
NewRiver Retail Limited
("NewRiver" or the "Company")
Exercise of Warrants & Total Voting Rights
The Company has received a notice to exercise warrants over
90,469 ordinary shares of no par value ("Ordinary Shares") at an
exercise price of 156 pence per Ordinary Share. Accordingly, the
Company has applied to the London Stock Exchange for the 90,469
Ordinary Shares to be admitted to trading on AIM ("Admission"). It
is expected that Admission will occur at 8.00am on 11 September
2015. The Ordinary Shares will rank pari passu with the existing
ordinary shares in the Company.
Following the exercise of the warrants, NewRiver's share capital
will consist of 180,317,925 ordinary shares of no par value, of
which 479,345 ordinary shares are held in treasury. The total
number of voting rights in the share capital of the Company,
excluding treasury shares, is therefore 179,838,580
The above figure (179,838,580) 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 573,900 shares.
- ends -
NewRiver Retail Limited Tel: 020 3328 5800
David Lockhart, Chief Executive
Mark Davies, Finance Director
Bell Pottinger Tel: 020 3772 2500
David Rydell / James Newman / David Bass
Liberum Tel: 020 3100 2000
Richard Crawley / Jamie Richards
Peel Hunt LLP Tel: 020 7418 8900
Capel Irwin / Alex Vaughan / Hugh Preston
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. At the close of 2014
NewRiver Retail was named Property Company of the Year - Retail
& Leisure at the Estates Gazette 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 GBP918 million principally comprising 29 UK wide shopping
centres, further nationwide retail assets and a portfolio of 202
public houses principally suitable for conversion to alternative
uses. The portfolio has 1,440 occupiers, a total of over 6.0
million sq. ft., total annual footfall of over 121 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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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