NewRiver Retail Limited Exercise of Warrants & Total Voting Rights (7096G)
10 August 2016 - 12:01AM
UK Regulatory
TIDMNRR
RNS Number : 7096G
NewRiver Retail Limited
09 August 2016
9 August 2016
NewRiver Retail Limited ("NewRiver" or the "Company")
Exercise of Warrants & Total Voting Rights
The Company has received a notice to exercise warrants over
37,275 ordinary shares of no par value ("Ordinary Shares") at an
exercise price of 148 pence per Ordinary Share. Accordingly, the
Company has applied to the London Stock Exchange for the 37,275
Ordinary Shares to be admitted to trading on AIM ("Admission"). It
is expected that Admission will occur at 8.00am on 12 August 2016.
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 238,588,536 ordinary shares of no par value, of
which 5,075,111 ordinary shares are held in treasury. The total
number of voting rights in the share capital of the Company,
excluding treasury shares, is therefore 233,513,425.
The above figure of 233,513,425 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 376,849 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 / David Bass / James Newman / Eve Kirmatzis
Liberum Tel: 020 3100 2000
Richard Crawley / Jamie Richards
Peel Hunt LLP Tel: 020 7418 8900
Capel Irwin / Edward Fox
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. NewRiver Retail was named
Property Company of the Year at the 2016 Property Week 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 GBP1.2 billion principally comprising 33 UK wide shopping
centres, further nationwide retail assets and a portfolio of 356
pubs with retail and mixed-use extension opportunities. The
portfolio totals over 8 million sq. ft. with almost 2,000
occupiers, an annual footfall of 150 million and a retail occupancy
rate of 97 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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