NewRiver Retail Limited Result of EGM (7056B)
January 08 2015 - 10:32AM
UK Regulatory
TIDMNRR
RNS Number : 7056B
NewRiver Retail Limited
08 January 2015
NewRiver Retail Limited
("NewRiver" or the "Company")
Result of Extraordinary General Meeting ("EGM") and Total Voting
Rights
The Directors of NewRiver Retail Limited are pleased to announce
that at its EGM held on Thursday 8 January 2015 all the proposed
resolutions, as set out in the EGM notice despatched to
shareholders on 8 December 2014, were passed . Full details of the
voting results are available on the Company's website at
www.nrr.co.uk.
Accordingly, the Company has applied to the London Stock
Exchange for 27,272,727 new ordinary shares of no par value each
(the "New Ordinary Shares") to be admitted to trading on AIM
("Admission"). It is expected that Admission will occur at 8.00am
on 12 January 2015. The New Ordinary Shares will rank pari passu
with the existing ordinary shares in the Company. The New Ordinary
Shares will not be eligible for the second and third interim
dividends, each of 4.25 pence per ordinary share, which are payable
on 30 January 2015 to shareholders on the Company's register of
members at the close of business on 30 December 2014 and 5 January
2015 respectively.
Following Admission, NewRiver's share capital will consist of
127,574,395 ordinary shares of no par value each, of which 496,500
are held in treasury. The total number of voting rights in the
Company, excluding treasury shares, is therefore 127,077,895.
The above figure (127,077,895) 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, NewRiver under the FCA's Disclosure and
Transparency Rules.
-Ends-
For further information:
NewRiver Retail Limited Tel: 020 3328
David Lockhart, Chief 5800
Executive
Mark Davies, Finance
Director
Bell Pottinger Tel: 020 3772
David Rydell/James Newman/David 2500
Bass
Liberum Tel: 020 3100
Chris Bowman/Jamie Richards 2000
About NewRiver
NewRiver Retail Limited is an AIM listed REIT. The Company is a
specialist real estate investor and asset manager focusing solely
on UK retail 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 third
largest shopping centre owner by number with assets under
management of approximately GBP740 million principally comprising
27 UK wide shopping centres, 17 high street assets, one
supermarket, five retail warehouses and a portfolio of 202 public
houses principally suitable for conversion to alternative uses. The
portfolio has 1,302 occupiers, a total of over 5 million sq ft,
total annual footfall of over 110 million and a retail occupancy
rate of 95 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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