TIDMNRR

RNS Number : 6392I

NewRiver REIT PLC

13 August 2021

13 August 2021

NewRiver REIT plc

("NewRiver" or the "Company")

Results of General Meeting - Proposed Disposal of Hawthorn Leisure REIT Limited

On 28 July 2021, NewRiver published its shareholder circular (the "Circular") containing a notice of General Meeting in connection with the proposed sale of the entire issued share capital of Hawthorn Leisure REIT Limited ("Hawthorn"), the entity in the Group that holds, either directly or indirectly through its wholly-owned subsidiaries, NewRiver's entire community pub business (the "Disposal"), to AT Brady Bidco Limited for an expected gross aggregate cash consideration of approximately GBP222.3 million.

At the General Meeting held earlier today, the ordinary resolution to approve the Disposal was duly passed and the results of the votes are as follows:

 
 Resolution         N umber      % of     Number     % of Votes   Total Number     % of       Number 
                    of Votes     Votes    of Votes     against      of Votes       Total      of Votes 
                      for         for     against                                 Voting     withheld** 
                                                                                  Rights* 
 To approve 
  the Disposal    156,539,349   99.95     73,960        0.05      156,613,309     51.13       80,736 
                 ------------  -------  ----------  -----------  -------------  ---------  ------------

Notes:

* As at the date of the General Meeting, the total number of shares with voting rights in the Company is 306,300,152. This excludes 2,625,006 shares in the Employee Benefit Trust.

** A "vote withheld" is not a vote in law and is not counted in the calculation of the votes for and against a resolution.

Completion of the Disposal is expected at 11:00 am on 20 August 2021. A further announcement will be made immediately following Completion.

Capitalised terms used in this announcement have the meanings given to them in the Circular, which is available

on the Company's website at   https://www.nrr.co.uk .

A copy of the resolution passed will be shortly submitted to the National Storage Mechanism of the FCA and available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

Liberum Capital Limited is acting as sponsor to NewRiver on the Disposal.

For further information

 
 NewRiver REIT plc 
  Allan Lockhart (Chief 
  Executive) 
  Emily Meara (Head of        +44 (0)20 3328 
  Investor Relations)          5800 
 
 
 Liberum (Sponsor to 
  NewRiver) 
  Jamie Richards 
  James Greenwood                 +44 (0)20 3100 
  Nikhil Varghese                  2000 
 
 Kinmont (Financial Adviser 
  to NewRiver)                    +44 (0)20 7087 
  Mat Thackery                     9100 
 
                                  +44 (0)20 7251 
 Finsbury                          3801 
 Gordon Simpson 
  James Thompson

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END

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(END) Dow Jones Newswires

August 13, 2021 07:46 ET (11:46 GMT)

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