TIDMNRR

RNS Number : 1340L

NewRiver Retail Limited

01 July 2014

NewRiver Retail Ltd

("NewRiver" or the "Company")

Grant of Awards

NewRiver Retail Limited (AIM: NRR), the UK REIT specialising in value-creating retail property investment and active asset management, announces that on 1 July 2014 it granted awards, under the NRR Performance Share Plan 2009. The awards give rights to certain Directors to acquire shares for nil consideration over a total of 431,000 ordinary shares of no par value in the Company ("Ordinary Shares") as detailed below. The awards are subject to performance conditions and were based on a share price of 305 pence per share.

 
  Award Holder     Number of Ordinary    Vesting Date 
                    Shares under Award 
 David Lockhart          131,000         1 July 2017 
                  --------------------  ------------- 
 Allan Lockhart          115,000         1 July 2017 
                  --------------------  ------------- 
 Mark Davies             98,000          1 July 2017 
                  --------------------  ------------- 
 Nicholas Sewell         87,000          1 July 2017 
                  --------------------  -------------

-Ends-

For further information:

 
 NewRiver Retail Limited            Tel: 020 3328 5800 
  David Lockhart, Chief Executive 
  Mark Davies, Finance Director 
 Bell Pottinger                     Tel: 020 7861 3232 
  David Rydell/Guy Scarborough 
 Liberum                            Tel: 020 3100 2000 
  Tim Graham/Simon Atkinson/Jamie 
  Richards

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/manager by number with assets under management of approximately GBP600 million comprising 24 UK wide shopping centres, 18 high street assets, one supermarket and a portfolio of 202 public houses principally suitable for conversion to alternative uses. The portfolio has in excess of 1,115 tenancies, a total of 4.6 million sq ft, total annual footfall of over 100 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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