NewRiver REIT PLC Resolutions passed at the General Meeting (0953K)

TIDMNRR

RNS Number : 0953K

NewRiver REIT PLC

04 July 2017

NewRiver REIT plc

("NewRiver" or the "Company")

Resolutions passed at the General Meeting

The Directors of NewRiver are pleased to announce that at its General Meeting held on Tuesday 4 July 2017, all of the proposed resolutions, as set out in the Notice of General Meeting despatched to shareholders on 16 June 2017, were passed on a poll. The number of shares voted on the poll are as set out below:

 
       Resolution         Votes        %     Votes against    %        Total shares    % of total     Votes withheld** 
                           for                                         for & against     voting 
                                                                                         rights* 
    ----------------  ------------  ------  --------------  -----    ---------------  -----------    ----------------- 
     Ordinary 
     Resolutions 
    ----------------  ------------  ------  --------------  -----    ---------------  -----------    ----------------- 
        That the 
        Directors 
      be authorised 
        pursuant 
     to section 551 
           of 
       the Act to 
        allot the 
      New Ordinary 
         Shares 
      in connection 
          with 
       the Capital 
 1       Raising       192,930,466   99.04     1,865,067     0.96      194,795,533       83.19            941,193 
    ----------------  ------------  ------  --------------  -----    ---------------  -----------    ----------------- 
        That the 
      related party 
       transaction 
      with Invesco 
       Limited be 
        approved 
         for the 
       purposes of 
      Chapter 11 of 
           the 
 2    Listing Rules    159,955,277   98.84     1,878,067     1.16      161,833,344       69.11          33,903,382** 
    ----------------  ------------  ------  --------------  -----    ---------------  -----------    ----------------- 
        That the 
        Directors 
      be authorised 
        pursuant 
     to section 570 
           of 
       the Act to 
        allot the 
      New Ordinary 
         Shares 
      in connection 
          with 
       the Capital 
         Raising 
      as if section 
           561 
     of the Act did 
           not 
 3        apply        191,481,986   98.30     3,313,547     1.70      194,795,533       83.19            941,193 
    ----------------  ------------  ------  --------------  -----    ---------------  -----------    -----------------

Notes:

* As at the date of the General Meeting, the total number of shares with voting rights in the Company was 234,168,714. This excluded 4,419,822 shares in the Employee Benefit Trust.

** A "vote withheld" is not a vote in law and cannot be counted in the calculation of the votes for and against a resolution. In connection with Resolution 2, Invesco Limited and its affiliates (as defined in the Listing Rules) did not exercise, or procure the exercise of the votes attaching to the shares managed by them on the basis that the resolution related to a related party transaction involving Invesco Limited.

Application has been made to the UKLA for the 67,164,179 New Ordinary Shares to be admitted to the premium segment of the Official List and to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on the London Stock Exchange's main market for listed securities. It is expected that Admission will become effective and that dealings in the New Ordinary Shares will commence at 8:00 a.m. on 6 July 2017.

The New Ordinary Shares to be issued pursuant to the Capital Raising will not be entitled to receive the Special Dividend of 3 pence per Ordinary Share in respect of the financial year ended 31 March 2017 or the First Quarterly Dividend of 5.25 pence per Ordinary Share in respect of the first quarter of the financial year ending 31 March 2018. Both the Special Dividend and the First Quarterly Dividend were announced on 16 May 2017 and will be paid as a Property Income Distribution on 4 August 2017 to NewRiver REIT Shareholders on the register on 16 June 2017. The New Ordinary Shares will rank pari passu in all other respects with the Ordinary Shares currently in issue.

This announcement should be read in conjunction with the full text of the prospectus published by NewRiver and sent to Shareholders on 16 June 2017 (the 'Prospectus'), copies of which are available on the Company's website at www.nrr.co.uk. Capitalised terms in this announcement have the same meaning as in the Prospectus.

The persons responsible for arranging for the release of this announcement on behalf of the Company are the Directors.

-END-

About NewRiver

NewRiver REIT plc (ticker: NRR) is a premium listed REIT on the London Stock Exchange and a constituent of the FTSE 250 and EPRA indices. The Company is a specialist real estate investor, asset manager and developer focused solely on the UK retail and leisure sector.

Founded in 2009, NewRiver is one of the UK's largest owner/managers of convenience-led shopping centres with assets under management of GBP1.3 billion principally comprising 33 UK wide shopping centres together with further nationwide retail and leisure assets. The portfolio totals over 8 million sq. ft. with over 2,000 occupiers, an annual footfall of 150 million and a retail occupancy rate of 97 per cent.

Visit www.nrr.co.uk for further information.

For further information:

 
 NewRiver REIT plc                   Tel: 020 3328 
  David Lockhart (Chief Executive)    5800 
  Mark Davies (Chief Financial 
  Officer) 
  Will Hobman (Head of Investor 
  Relations) 
 Bell Pottinger                      Tel: 020 3772 
  David Rydell                        2500 
  David Bass 
  Eve Kirmatzis

This information is provided by RNS

The company news service from the London Stock Exchange

END

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