NewRiver Retail Limited Deferred Bonus Share Awards (2922B)

TIDMNRR

RNS Number : 2922B

NewRiver Retail Limited

15 June 2016

NewRiver Retail Ltd

("NewRiver" or the "Company")

Deferred Bonus Share Awards

NewRiver Retail Limited (AIM: NRR), the UK REIT specialising in value-creating retail property investment and active asset management, announces that on 14 June 2016 it granted share awards, under the Company's Deferred Bonus Plan.

This award relates to the bonus paid to executive directors in May 2016, in respect of the year ended 31 March 2016, of which 30% was deferred into shares vesting in two years' time.

Accordingly, the following deferred bonus share awards, structured as nil-cost options and granted at a price of GBP3.158 per share, have been made to executive directors of the Company.

 
  Award Holder    Number of Ordinary   Vesting Date 
                     Shares under 
                    Deferred Bonus 
                         Award 
---------------  -------------------  -------------- 
 David Lockhart         56,998          14 June 2018 
---------------  -------------------  -------------- 
 Allan Lockhart         49,873          14 June 2018 
---------------  -------------------  -------------- 
 Mark Davies            42,748          14 June 2018 
---------------  -------------------  --------------

The Awards will be subject to clawback and malus provisions.

-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

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 358 pubs with retail and mixed-use extension opportunities. The portfolio totals over 7 million sq. ft. with over 1,840 occupiers, an annual footfall of 150 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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June 15, 2016 07:53 ET (11:53 GMT)

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