NEWRIVER REIT PLC

Share Issue/Capital Change • Nov 25, 2015

National Storage Mechanism | Additional information

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RNS Number : 9874G

NewRiver Retail Limited

25 November 2015

NewRiver Retail Limited

("NewRiver" or the "Company")

Conversion of Loan Stock

The Company has received notices to convert £17,000,000 of its 5.85 per cent. A Convertible Loan Stock 2015 ("A CULS") into ordinary shares of no par value ("Ordinary Shares") from FNRR Holdings Limited. Following the conversion, there will be no loan stock outstanding. At the conversion price of 243 pence per Ordinary Share this will result in the issue of 6,995,884 Ordinary Shares. Accordingly, the Company has applied to the London Stock Exchange for the 6,995,884 Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur at 8.00am on 30 November 2015. The Ordinary Shares will rank pari passu with the existing ordinary shares in the capital of the Company then in issue.      

Following the conversion, the Company's issued share capital will be 187,313,809 ordinary shares of no par value. The Company holds 454,345 ordinary shares of no par value in the Company's Employee Benefit Trust ("EBT"). As the EBT is consolidated, these shares are treated as treasury shares.

The total number of voting rights in the Company is therefore 186,859,464. This figure 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 to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

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NewRiver Retail Limited  David Lockhart, Chief Executive Mark Davies, Finance Director	Tel: 020 3328 5800
Bell Pottinger David Rydell / James Newman / David Bass	Tel: 020 3772 2500
Liberum Richard Crawley / Jamie Richards	Tel: 020 3100 2000
Peel Hunt LLP Capel Irwin / Hugh Preston	Tel: 020 7418 8900

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 £1 billion principally comprising 29 UK wide shopping centres, further nationwide retail assets and a portfolio of 360 pubs with retail and mixed-use extension opportunities. The portfolio has 1,440 occupiers, a total of over 6.4 million sq. ft., total annual footfall of over 126 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

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